Owner and developer SL Green Realty and its construction manager Tishman Construction have announced the topping out of 180 Broadway, which will be the new home for some 600 Pace University students. The $60-million, 24-story residence hall topped out after a bucket carried concrete to the top of the structure on April 24. The new dormitory will be open to students in 2013. The first three levels of the tower will be used for retail and are available for leasing. SL Green, Tishman and university officials attended the celebration.
The Pace housing project is located within two blocks of five other major construction jobs, including the World Trade Center and the Fulton Street Transit Center.
Pace University launched a five-year strategic plan last year that includes several construction projects on or near its campuses in Manhattan and Westchester County, N.Y. Plans include relocating residential students who reside far from the campuses to new housing that is within walking distance, says William McGrath, Pace senior vice president and chief administrative officer.
Other Pace projects under way include the renovation of 140 William Street, a 50,000-sq-ft space that will be used for the performing arts. The school is in the process of lining up architects and construction firms for that space, he says.
Pace is also planning a $100 million-$150 million expansion of its 200-acre Westchester campus in Pleasantville, McGrath says. The project, which will include adding residence halls, is awaiting regulatory approval. The school has chosen EYP, New York, as the architect and Kirchhoff Consigli Construction Management, Pleasant Valley, N.Y., as construction adviser.