Here's part of the official news release of the move:
Situated in an area that is home to more than 50,000 college students, the new location will house St. John’s School of Risk Management, a key division of the University’s Peter J. Tobin College of Business and a global leader in risk and insurance education and training.
The School of Risk Management contains the Kathryn & Shelby Cullom Davis Library, which comprises the world’s largest collection of risk and insurance literature, policies, and related documents, and serves as a center for study and research for students of risk management, insurance, and actuarial science around the world.
The location will also be home to The Language Connection, St. John’s intensive English language institute, and to continuing professional education and other academic programs.
St. John’s plans to open 51 Astor Place for the 2014 fall semester. The new site will replace the school’s Manhattan campus in Tribeca, which the University sold for $223 million back in July 2013.
Anyway new incoming students, try the tuna melt across the street at Archie & Sons. Good stuff!