Pace opens at Sutton’s 180 Broadway

Jeff Sutton and 180 Broadway

Following nearly two years of construction, 180 Broadway is set to open its doors to nearly 600 Pace University students this Labor Day weekend. Owned by retail tycoon Jeff Sutton, SL Green Realty and Harel Insurance, the 24-story dormitory in Lower Manhattan will feature a fitness center, staff offices and student common areas.

In March, the building, located next door to the future Fulton Street Transit Center, locked down a 21,000-square-foot lease from hip clothing retailer Urban Outfitters, and TD Bank has also closed on space in the building, according to DNAinfo.

As The Real Deal previously reported, this is SL Green’s first foray into dorm development. Meanwhile, Sutton has been handling the building’s commercial leasing, representing the owners in the Urban Outfitters deal.

And with this deal under its belt, Pace isn’t slowing down. The school also has another 600-student dorm in the works nearby at the 29-story Beekman Street building, at 33 Beekman Street. That project, also being headed up by SL Green, is set to wrap up in 2015. [DNAinfo]Christopher Cameron

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