The former parking lot at 33 Beekman Street, at the corner of William Street, is being replaced by a 34-story Pace University dormitory. The project is the second new dormitory building to be erected by the school and SL Green Realty in recent years, with 180 Broadway open for the start of the 2013-2014 school year. Contractor New Line Construction is leading the project, which restarted in spring 2013 after a four-year hiatus of work at the site. The new dorm building is slated to open in late 2015.