The University of Chicago Booth School of Business has signed a long-term lease for space on the lobby level of NBC Tower, 455 N. Cityfront Plaza Drive where Booth will construct two, 42-seat tiered classrooms and 16 group-study rooms to relieve capacity constraints at its Gleacher Center across the street, the school announced today.
Construction is scheduled to be completed in early 2014.
“The additional classrooms will allow us to offer a wider variety of courses to students enrolled in the evening MBA program and weekend MBA program at Gleacher Center, and the space will be used during the day for executive education and as a conference center to augment existing conference facilities at Gleacher,” said Sunil Kumar, dean.
The extra space will also be available to students in all of Booth’s MBA programs, he said, adding that the increase in group study rooms will mean students are more likely to find an available room whenever they need it.
“More students in our full-time program in Hyde Park now live downtown near Gleacher
Center, so the additional group study rooms will give students more options when they need to stay closer to home,” said Kumar, who also is the George Pratt Shultz Professor of Operations
The 16 group-study rooms being built in NBC Tower are in addition to the 13 rooms now available to Booth students for group study at Gleacher Center. The new classrooms and group-study rooms will occupy 16,000 square feet of space that previously housed a restaurant and retail stores. A separate entrance to NBC Tower will lead directly to the Booth space.
The two additional classrooms will mean 14 tiered classrooms will be available downtown for Booth MBA classes on weeknights, and Saturday mornings and afternoons.
Gleacher Center, named for New York investment adviser Eric Gleacher, opened in 1994, replacing Booth’s campus at 190 E. Delaware Place. “Gleacher Center is considerably larger than the building on Delaware Place, but our programs have expanded to the point that we have now outgrown Gleacher,” Kumar said.
Currently, 1,088 students are enrolled in Booth’s evening MBA program and 347 students are enrolled in the weekend MBA program at Gleacher, which also houses the school’s executive MBA program and conference center, and the University of Chicago Graham School of Continuing Liberal and Professional Studies.
The University of Chicago Booth School of Business is one of the leading business schools in the world. The school’s faculty includes many renowned scholars, and its graduates include many business leaders across the U.S. and worldwide.
The Chicago approach to management education is distinguished by how it leverages fundamental knowledge, its rigor and its practical application to business challenges.
Chicago Booth offers a full-time MBA program, an evening MBA program, a weekend MBA program and an executive MBA program in Chicago, London and Singapore. The school also offers a Ph.D. program, open-enrollment executive education and custom corporate education.