Wagner College will receive $15 million in funds to renovate two buildings on its Staten Island campus through a new lending facility that was introduced late last year by the city.

The debt was part of $37 million approved this morning by the city’s Economic Development Corporation, the city organization that oversees the funding vehicle, which is called Build NYC.

Wagner will use the loan to improve and repair two buildings, the college’s historic Main Hall and a dormitory building. Main Hall, a striking banquet hall which included re-pointing of the building’s extensive brickwork, the replacement of the roof, which is more than 80 years old, repair and replacement of the ornamental figures and sculptures on the exterior, and the replacement of windows.

“Main Hall has served as Wagner’s signature building, a splendid example of collegiate architecture,” Richard Guarasci, Wagner College’s president said in a statement released by the EDC. “I am pleased, then, that we have been able to undertake this project. Once work is completed, this wonderful building will be... restored to its former glory.”

The rest of the money was granted to three educational groups, the Corlears School, the Metropolitan Montessori School and Yeshiva Har Torah, which will receive $10 million, $9 million and $3 million respectively, all to refinance existing debt.

Build NYC is a funding window that allows non-profit groups and educational insitutions to issue bonds to finance real estate development projects. The vehicle is not paid for by the city but private buyers of the bonds such as banks or other investors and offers below-market interest rates for the borrower because the proceeds on the debt are triple tax exempt.

The assistance provided to these institutions is further proof of Build NYC's growing importance to the City's non-profit sector," Seth Pinsky, president of the EDC and Build NYC’s chairman, said in a statement. "By reducing costs, Build NYC will better equip these four leading New York City educational establishments to cultivate the next generation of talented students, and make certain the City remains the home of the best and brightest minds on the planet."

Daniel Geiger is reachable at Dgeiger@observer.com

A Brooklyn-born-and-bred 3-D printing company will be moving to its own floor at One MetroTech, the Downtown Brooklyn building owned by Forest City Ratner.

MakerBot, the creators of the 3-D printer The MakerBot Replicator, will be moving out of its current Brooklyn digs at 87 Third Avenue to take the entire 21st floor at One MetroTech.

The firm signed a five-year lease to take 31,250 square feet. Asking rents were $32 a square foot.

Glenn Markman and Joseph Cirone, both of Cushman & Wakefield, represented MakerBot in the deal. Keith Caggiano of CBRE represented Forest City Ratner Cos.

In need of new space, MakerBot and its Cushman & Wakefield brokerage team explored several different neighborhoods throughout Brooklyn, looking at Sunset Park and DUMBO, among other neighborhoods. Other buildings had a particular charm to it, but it was One MetroTech that MakerBot found to be the most “romantic.”

“This hit their sweet spot,” said Mr. Markman. "We got so much infrastructure from this building,” said Mr. Markman.

The new office space will house a combination of sales and marketing staffs, along with various other departments. All told, the company will have over 100 people in the building.

Founded in 2009 by Bre Pettis, Adam Mayer, and Zach Smith, MakerBot offers an open source 3-D printer intended to “democratize manufacturing.” The company uses raw feedstocks like ABS and PLA (a biodegradable material made from corn) to manufacture any kind of product, like a toaster to a banana peel.

Daniel Edward Rosen is reachable at Drosen@observer.com