News & Notes: Arts and Transit Neighborhood’s first performance hall named

The first building in the University’s planned Arts and Transit Neighborhood has been named following a $15 million donation, a largely symbolic step in the progression of the embattled development project.

The names of Monte Wallace ’53 and Neil Wallace ’55, the brothers who financed Wallace Hall a decade ago, will adorn the Wallace Dance Building and Theater, one of the three buildings that will comprise the complex. The other two buildings — a music building and a building for the creative, performing and literary arts — are not yet named.

The Wallace Dance Building and Theater, a 58,000 square foot complex, will house a 120-seat dance theater, a 150-seat theater, rehearsal space, faculty offices and other venues.

The Arts and Transit Neighborhood, which is still pending final approval, is expected to be completed in 2017.

The Wallaces’ gift was part of the University $1.88 billion Aspire capital campaign, which concluded this summer.