I just read this story on the TC Homepage about President Bailey's first State of the College.
It includes plans for the future of the 4th and 5th floors of Russell Hall.
You can watch the entire video here.
The content in the video differs a little from the news story but the main takeaway is that plans are being developed for the Gottesman Libraries and a new center for Digital Pedagogy and Research.
Some highlights from President Bailey:
This center will include the function and staff of the Office of Digital Learning. -- from the video
The library will soon become home to a resource center, run by TC's Office of Digital Learning. -- from the news article
We will be announcing concrete proposals for both the library as well as for our Center for Digital Pedagogy in the next two month - at 20:03 in the video
I am looking forward to upcoming innovations.