Pace University Portfolio
New York, NY
Over the past four years, DBI Projects has been working with Pace University to centralize, modernize and expand its presence in Lower Manhattan through the implementation of multiple large-scale capital projects. This work has spanned the assessment of all of Pace’s real estate holdings in Lower Manhattan, the ongoing development of Pace’s largest ground-up facility and the planning for future significant capital undertakings that will further cement Pace’s presence as a leading institution in the downtown area. Today, DBI is actively managing the execution of 15 Beekman, a new, 26-story mixed-use facility and the renovation of 80,000 SF of classroom and office space at 1 Pace Plaza.
For 15 Beekman, DBI initially provided development expertise on behalf of Pace to structure a mutually satisfactory agreement with SL Green, one of the City’s most prominent developers. The new building will stand at over 338 feet tall and encompass more than 200,000-sf of academic and residential spaces. The building will consolidate existing dormitory, academic and student life programming to a central location and create a new hub for the University. The building will incorporate suite-style housing, a dining facility, a library, classrooms and common spaces for socialization and study. DBI managed the procurement of the University’s design and preconstruction teams and will continue its management responsible through completion of the fit-out of the academic portion of the building. DBI is also working with Pace to ensure the building is delivered to the highest environmental and efficiency standards in realization of the University’s commitment to reducing its carbon footprint.
At 1 Pace Plaza, DBI is managing the renovation of the fourth, fifth and sixth floors of the west wing of the University’s flagship building. The three levels had only had minor renovations since their completion in the early 1980s, which necessitated a complete gut renovation. When the campus’s 9,200 students return for the fall 2021 semester, they will discover an academic hub more efficiently structured to their needs. The renovated spaces will include classrooms, case study rooms, student congregating spaces, screening rooms and the home to Lubin School of Business faculty and administration.
Looking ahead, DBI is continuing to lead a major analysis of both the undergraduate and graduate performing arts programs at the University, in addition to a potential redevelopment of the east wing of 1 Pace Plaza. Both of these efforts will further Pace’s overarching goals for its Lower Manhattan campus, creating leading spaces for its student body and securing Pace’s presence in the downtown area.