Pace to open new dorm in 2013
Pace University plans to open a new Downtown dormitory for its students at 180 Broadway, at the corner of John Street. The endeavor is part of University President Stephen Friedman’s master plan to offer Pace students a place to live within a five-minute walk from its main campus at 1 Pace Plaza, just east of City Hall.
The new, 24-story residence hall is anticipated to be “a major enhancement for generations of Pace students who value the experience of living and learning in Lower Manhattan,” according to William McGrath, the University’s senior vice president and chief administrative officer. Over half of Pace’s undergraduates now reside on campus, according to the university, prompting the need for convenient dormitories.
The new hall will replace the 600 dorm rooms that Pace now rents out for its students in Brooklyn Heights.
The University signed the lease for 180 Broadway with SL Green Realty Corp., Manhattan’s largest commercial office landlord, to build and open the dorm by 2013. In addition to student living space, the building will have retail shops on the first three floors and a student activity and amenities area on an upper floor.
Pace’s other Downtown residences are located at 55 John Street, 106 Fulton Street, and 1 Pace Plaza.
Lux condo scrapped for sober house
What was once intended to be a luxury five-unit condominium in Tribeca is now slated to become a sober-living facility targeting young adults in New York City.
Developer Brad Zackson, owner of the Tribeca Five units on 283 West Broadway, is close to finalizing a deal with the worldwide Hazelden sober-housing facility.
The non-profit Hazelden New York plans to provide services for recovering addicts ages 18 to 29 struggling to overcome drug and alcohol abuse.
The second through sixth floors of the treatment center will house 30 patients, with six on each floor. And with permission from the City, Hazelden will use the basement and first floor for group meetings.
Zackson filed his property for bankruptcy in January 2010 and owes the New York State Supreme Court roughly $14 million in various loans and fees. The Hazelden Center will tentatively pay $10 million for 283 West Broadway.
Hazelden hopes to share their plans with the Lower Manhattan community early next year. “They said they would welcome the opportunity to appear before our Tribeca [Committee] on January 12,” said Noah Pfefferblit, district manager of Community Board 1, according to The Real Deal.
