Construction is rising on 15 Beekman Street, Pace University’s new 27-story expansion in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall tower will yield 213,084 square feet with classrooms, dorm rooms, a dining facility, a library, and a learning center. New Line Structures & Development is the general contractor for the property, which is alternately addressed as 126-132 Nassau Street and is located at the corner of Beekman and Nassau Streets.
Progress has been extremely rapid since our last update less than a month ago, when construction was still below grade. Work quickly reached street level and the reinforced concrete superstructure now stands three stories high, with a mechanical hoist attached to the western elevation facing Nassau Street and wooden formwork assembled in preparation for the next levels.
A red construction crane now towers above the northern side of the building’s footprint, while the sidewalks around 15 Beekman Street remain temporarily blocked off.
The structure will feature a five-story podium followed by a setback before rising uniformly to a flat parapet. Given the repetitive nature of the floor plates and the pace thus far, it’s possible the superstructure could top out by the fall.
15 Beekman Street is slated for completion in the summer of 2023, as noted on the on-site board.