Andrew Farkas was the president of the Hasty Pudding Theatricals club for two year in his undergrad at Harvard University. As a successful businessman and entrepreneur, he has kept theatre close to his heart. Farkas said his time spent serving as president for the Hasty Pudding Theatrical club were, “amongst the most joyful and memorable.” Today, The New College Theatre is to be named in honor of Farkas and Farkas’ father Robin L. Farkas. Farkas said in a statement, “To know the space will… serve to incubate the creative skills of Harvard’s emerging talent…is extremely gratifying.”
Andrew Farkas founded Island Capital Group, a real-estate merchant group and is the CEO and chairman of Island Global Yachting. He founded and was CEO and chairman of Insignia Financial Group Inc., a commercial real-estate and leasing management company before the units were sold and merged.
The new space offers state-of-the-art features, seats 256-280, and has become a focal point for the undergraduate theatrical department. The annual Hasty Pudding Theatrical club celebrates the new space during the Hasty Pudding extravaganza. The theatre will also serve as a space for lectures, guest artist appearances, and other event programs.
“Over 375 years, Harvard College has forged some of our nation’s foremost creative artists, who have thrived in our rich research environment,” said Michael D. Smith, dean of the Faculty of Arts and Sciences and John H. Finley Jr. Professor of Engineering and Applied Sciences. “Farkas Hall will serve as a testament to this aspect of Harvard’s proud heritage, and we are deeply grateful to Andrew for his vision and his extraordinary generosity. The impact of his support will touch generations of Harvard students.”
The original structure dates back to 1888 and was in need of desperate need of repairs. The project cost approximately $31 million. Today, his Daughter Arielle S. Farkas is attending Harvard University and is a member of class 2013.