A private university with its main campus in New York City. It was established in 1906 by the brothers Homer St. Clair Pace and Charles A. Pace as a business school.Taking a loan of $600, the Pace brothers rented a classroom on one of the floors of the New York Tribune Building, today the site of the One Pace Plaza complex. The Paces taught the first class of 13 men and women. The school grew rapidly, and moved several times around Lower Manhattan.It purchased its first permanent home in Manhattan's 41 Park Row in 1951, and opened its first Westchester campus in 1963. Pace opened its largest building, 1 Pace Plaza, in 1969. Four years later, it became a university.