MetroTech Center lies between Flatbush Avenue and Jay Street, north of the Fulton Street Mall and south of the busy Tillary Street, close to Brooklyn's Civic center (Borough Hall, Courts) and Brooklyn Heights. Polytechnic University is one of MetroTech's founding members.
The MetroTech Business Improvement District (BID), a non-profit organization, provides sanitation, marketing, and events programming services to the area.
In an effort to resuscitate Downtown Brooklyn a decade earlier, Polytechnic University President George Bugliarello had advanced the idea of creating a center for research and development modeled on the lines of “Silicon Valley.” Several years later, the City agreed to designate Polytechnic as the urban renewal sponsor, under the condition that forward movement of the project required obtaining a commitment from two tenants. Both the City and Polytechnic chose Forest City Enterprises as the project’s main developer based on its years of experience, commitment to stay in the area, and financial capacity. Forest City Ratner and Borough President Howard Golden represented the best aspects of public-private partnership and they quickly redefined the MetroTech vision from a research and development park to a campus centered back office complex.
As Forest City negotiated with Morgan Stanley, two other major corporate players were being wooed for the MetroTech site: the Securities Industry Automation Corporation (SIAC) and Brooklyn Union Gas (BUG). The fact that the MetroTech site sat on a separate power grid from Manhattan proved to be the key for SIAC because this meant their operations in Downtown Brooklyn would be safe if Manhattan ever experienced a power failure (as seen in 1977). The final and greatest victory, which sealed the fate of the MetroTech vision first put forth by Polytechnic President Bugliarello, was convincing Chase Manhattan Bank to move its back operations to MetroTech.
MetroTech was formed in 1992 by making a rectangle (bounded by Jay Street, Johnson Street, Flatbush Avenue, and Myrtle Avenue) walk only, in connection with the erection of new office buildings and parking garages. As a consequence, the north ends of Lawrence and Duffield streets were also freed from motor traffic.