Other Pace projects under way include the renovation of 140 William Street, a 50,000-sq-ft space that will be used for the performing arts. The school is in the process of lining up architects and construction firms for that space, he says.

Pace is also planning a $100 million-$150 million expansion of its 200-acre Westchester campus in Pleasantville, McGrath says. The project, which will include adding residence halls, is awaiting regulatory approval. The school has chosen EYP, New York, as the architect and Kirchhoff Consigli Construction Management, Pleasant Valley, N.Y., as construction adviser.

“If approved within a year, we would start building in late 2013 to early 2014, with occupancy by the fall of 2016. That assumes we have the regulatory approval—there are a whole bunch of hurdles to get through before then, though,” he adds.

—Esther D’Amico

PROJECT TEAM

Owner & Developer: a joint venture of SL Green; Wharton Partners; and Harel Insurance Investments and Financial Services

Construction Manager: Tishman Construction

architect: Karl Fischer Architect

Structural Engineer: Severud Associates

Geo-Technical Engineer: Langan Engineering & Environmental Services

Mechanical, Electrical, Plumbing Services: MG Engineering

MTA Consultant: Fna Associates

Demolition Contractor: Waldorf Demolition