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Iona College Receives Approval for Renovation of School of Business Building

An artist's rendering of the redesigned business school. Students and faculty interact the glass atrium while another group of students lounge on the grass field nearby. The atrium features an outdoor area as well as an indoor area with chairs and tables.Courtesy of Gensler

NEW ROCHELLE, N.Y. – Following the appointment of a new dean of the School of Business and launch of a new, more flexible, faster and cost-effective MBA program, Iona College announced it has received the necessary approvals from the City of New Rochelle to move forward with its planned transformation of its business school building.

Groundbreaking for the inward-facing renovation and expansion of the building – made possible through the largest gift in Iona's history of $17.5 million from Iona alumnus Robert V. LaPenta '67, '00H – will take place this July, with the planned opening of the redesigned building slated for the spring semester of the 2019-20 academic year.

The transformed space will more than double the academic space available to students and faculty.  A variety of high-tech learning spaces include state-of-the-art classrooms and computer labs, case study and meeting spaces, faculty offices, a lecture hall, a business career center, an expanded trading floor classroom, and a media suite. The combination of these multi-purpose rooms will help educate Iona's graduates for the workplace of the future. A central atrium will serve as the "heart" of the building, where students and faculty from throughout the College can gather and collaborate in a professional, engaging setting.

"It's an extremely exciting time for our School of Business as we create a facility that fosters the interactive learning environment critical to training 21st-century leaders," said William B. Lamb, Ph.D., dean of Iona's School of Business. "We are eager to commence construction as we progress toward an upgraded and expanded building that will help elevate our student offerings to new heights."

Iona College's School of Business is accredited by AACSB International, a distinction awarded to just five percent of business schools worldwide.

"The new School of Business will be transformative for the entire College," said President Joseph E. Nyre, Ph.D. "We are greatly appreciative to Robert V. LaPenta for his extraordinary gift and look forward to continuing to partner with the City of New Rochelle and the talented build team on this project."

The College has been working with Gensler, an architecture, design and planning firm, to design the physical spaces of the new facility, along with Langan Engineering, which is collaborating on the site plan and civil engineering work. For project management, Iona has selected JLL as the owner's representative.

In tandem with approval for the renovation and transformation of the business school building, Iona College is also pleased to have secured approval for an addition to Spellman Hall for the Hynes Institute for Entrepreneurship & Innovation. The addition will provide a unique and distinct space on campus for students to meet, collaborate and create in this special institute, which will become a beacon for creating new entrepreneurs and academic research that pushes forward the boundaries of business development knowledge.

Founded in 1940, Iona College is a Master's granting private, Catholic, coeducational institution of learning in the tradition of the Edmund Rice Christian Brothers. Iona's 45-acre campus is just 20 miles north of Midtown Manhattan. With a total enrollment of nearly 4,000 students and an alumni base of over 45,000 around the world, Iona is a diverse community of learners and scholars dedicated to academic excellence and the values of justice, peace and service. Iona is highly accredited, offering undergraduate degrees in liberal arts, science, and business administration, as well as Master of Arts, Master of Science and Master of Business Administration degrees and numerous advanced certificate programs. Iona's School of Business is accredited by AACSB International, a prestigious recognition awarded to just five percent of business schools worldwide.