The new lower level will feature a branded entrance for the Lubin School of Business with dedicated student lounges, a student meeting room and a Lubin Learning Lab which will house innovative teaching and learning technologies.

Phase I also will involve a modernization of the lower levels of the landmarked 41 Park Row, which served as the home of The New York Times from 1889 to 1903. The original entrance along Spruce Street, facing One Pace Plaza, will also be restored.

The first floor will house a new art gallery and new student commons. The second floor will include an advising center, and new collaboration space for faculty and students. Construction on both buildings' lower levels is scheduled to begin this summer, with completion projected for fall 2018.

NEW YORK CITY—The New York City Landmarks Preservation Commission has approved Pace University's plan to reposition its building at 41 Park Row. Approval of the exterior design completes city-mandated review of the proposal, clearing the way for launch of the University's $190 million plan to modernize and expand its Lower Manhattan campus.

“I am pleased to announce that the University has received approval from the NYC Landmarks Commission to move forward with the renovations to historic 41 Park Row,” says Jean Gallagher, VP for strategic initiatives. “This is a significant milestone that allows us to begin the transformation of the NYC Campus and the implementation of Phase I of the NYC Master Plan.”

Unveiled in February, the New York City Master Plan will be advanced in three phases and represents a signature statement for Pace—the culmination of the evolution the University has undergone in the century since its founding and its ongoing commitment to innovation in the future.

Phase I includes a full redesign of One Pace Plaza's first floor, lower level and courtyard entrance, and will directly address the need for additional student space. The redesigned first floor will include a new welcome center, a new student center for hosting events, new student commons, collaborative learning spaces, and quiet study area.

The new lower level will feature a branded entrance for the Lubin School of Business with dedicated student lounges, a student meeting room and a Lubin Learning Lab which will house innovative teaching and learning technologies.

Phase I also will involve a modernization of the lower levels of the landmarked 41 Park Row, which served as the home of The New York Times from 1889 to 1903. The original entrance along Spruce Street, facing One Pace Plaza, will also be restored.

The first floor will house a new art gallery and new student commons. The second floor will include an advising center, and new collaboration space for faculty and students. Construction on both buildings' lower levels is scheduled to begin this summer, with completion projected for fall 2018.