Governors Island is set to become home to a groundbreaking environmental research and innovation center, The New York Climate Exchange. With newly released renderings, the $700 million project is taking shape as a forward-thinking hub for climate solutions, sustainability education, and workforce development.
Led by Stony Brook University and designed by Skidmore, Owings & Merrill (SOM) in collaboration with MNLA, Buro Happold, and Langan Engineering, the facility will span 400,000 square feet. It will feature two all-electric buildings constructed with sustainable mass timber, connected by a striking photovoltaic canopy that reinforces its commitment to renewable energy.
Designed to integrate with its surroundings, The New York Climate Exchange will be positioned by historic structures to the north and the Oval green space to the west. Its two main buildings will be elevated by eight feet to safeguard against sea level rise and storm surges. Expansive glass facades will bring in natural light, while solar and geothermal energy systems will power much of the campus.
Beyond the core facilities, the project will introduce five acres of green space and restore Liggett Hall, transforming it into student dormitories and faculty housing. The campus will also continue to support existing environmental programs, including the Billion Oyster Project’s shell collection station and the Governors Island Teaching Garden.
More than just a research center, The New York Climate Exchange is designed to train the next generation of climate leaders. It will host educational programs, green job training for over 6,000 individuals annually, and hands-on experiences through internships and fellowships. Plans include dedicated classroom spaces, climate mitigation labs, and exhibition areas showcasing advancements in sustainability. A "semester abroad" program on Governors Island will provide immersive learning opportunities.
Backed by significant private funding, the project has received a $100 million matching gift pledge from the Simons Foundation and Simons Foundation International, as well as a $50 million contribution from Bloomberg Philanthropies.
Final design phases are expected to wrap up in early 2026, with construction slated to begin that fall. The facility is scheduled to open in 2029, positioning Governors Island as a global leader in climate action and research.
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