Pace University Dorm Opens, One More in the Pipeline
The first of at least two major dormitories in the pipeline at Pace University is open just in time for the beginning of the school year.
DNAinfo reported that 600 Pace University students have a new home in Lower Manhattan after the university’s 24-story dormitory at 180 Broadway opened this past weekend.
The high-rise, reportedly owned by SL Green (SLG) Realty Corp., Jeff Sutton and Harel Insurance, and sitting at the corner of John Street and Broadway, opened after a two-year construction process and includes a fitness center, staff offices and fourth-floor student common areas.
The lower levels of the building will be home to an Urban Outfitters and a TD Bank, according to the Lower Manhattan Construction Command Center.
Pace University is also building a dormitory at 33 Beekman Street. Last year the Wall Street Journal reported that SL Green signed a deal with the school to develop a new 29-story residence hall at that Downtown location, slated to become a 129,000-square-foot building for another 600 students.
That development is slated for completion in the fall of 2015. Both new buildings will feature amenities such as kitchens, fitness centers and recreational lounges with televisions, couches and pool tables.
Pace University currently provides housing to 2,565 students, including the 600 that packed into 180 Broadway over the weekend.
Pace signed a 30-year lease for both new buildings, according to the Wall Street Journal.
The school’s first residence in downtown Manhattan opened in 1970.