The college acquired a 30-year leasehold condominium for the entire 215,000-square-foot development at 126-132 Nassau Street, which will be known as 15 Beekman Street, to add classrooms, dorms, a library, a dining facility and a learning center to its downtown campus, according to Newmark Knight Frank, which represented Pace in the deal.
On Monday, SL Green announced that it entered into a 99-ground lease for 126-132 Nassau Street with plans to demolish the existing 98,412-square-foot office building on the site and build a new as-of-right tower. The developer said it already secured a tenant for the entire property, but did not say who it was.
If this development includes the taller Vanderbilt building I am not happy. If it’s just the short building though, eh I should still prepare for the worst as it’s Pace.
I strongly suspect it does include the 14-floor building on Beekman. The two buildings are joined, legally. And the shorter building on the corner isn’t big enough to be 98,000 sqft.
Yikes. Apparently that annex tower dates back to 1893, and it’s also adjacent to a beautiful orange building that was threatened by another dull development, and a parking garage that probably won’t go anywhere.
I found this page on Pace’s website discussing plans to remove One Pace Plaza East once their building on Nassau is done. (No idea if they’re referring to this site, or if this is just old news I’m just catching onto) https://www.pace.edu/master-plan-nyc
I assume that we’re stuck with the west structure for a while though since they’re renovating it. Unfortunately, that’s the part of this horrible campus that most of us are forced to look at. Even Odysseus would not have had the temerity to look at it.
The demolition permit in city records (dated 4/23) calls for the full demolition of a 14-story building, so yes, this project definitely includes the larger, yellow-brick building on Beekman (including the Beekman Pub), not just the 4-story building on the corner.
The Dunkin Donuts on the corner has been gutted, the first sign of tenants clearing out. The upper floors of both buildings are still occupied for now.
I would have been willing to sacrifice that nice building If it meant getting rid of this pile of bile, but apparently, that’s not in the cards for the foreseeable future.
There’s a petition with about 1300 signatures that calls for saving this building which I found interesting.
Then again of course it’s a petition, and I’m sure that chances are the LPC wouldn’t save this if there was a gun to their head, so I guess I need to accept it’ll be gone soon.
Permits Filed For 15 Beekman Street In Downtown Manhattan
Permits have been filed for a 27-story mixed-use building at 15 Beekman Street in Manhattan’s Financial District. Located at the intersection of Nassau Street and Beekman Street, the corner lot also known as 126-132 Nassau Street is within walking distance of Fulton Street subway station, serviced by the 2, 3, 4, 5, A, C, J, and Z trains. SL Green Realty is listed as the owner behind the applications for the future Pace University academic center and dormitory. Pace University also has an academic property at 41 Park Row.
The proposed 338-foot-tall development will yield 213,084 square feet, with 178,299 square feet designated for community facility space. The building will have classrooms, dorms, a dining facility, a library, and a learning center. The concrete-based structure will also have a cellar, sub-cellar, and a 20-foot-long rear yard.
Manish Chadha of Ismael Leyva Architects is listed as the architect of record.
Demolition permits were filed in April of this year. An estimated completion date has not been announced.
