The New York University Paulson Center 181 Mercer dormitory is a state-of-the-art residence hall located in the heart of Manhattan’s SoHo neighborhood. The building was designed by COOKFOX architects and completed in 2020.
The Paulson 181 Mercer dormitory is a 23-story building that houses more than 700 students in a mix of singles, doubles, triples, and quads. The building features a number of amenities designed to enhance the student living experience, including a fitness center, music practice rooms, a game room, and a rooftop terrace with stunning views of the city.
One of the most unique features of the Paulson 181 Mercer dormitory is its focus on sustainability and green design. The building is expected to achieve LEED Gold certification, which recognizes buildings that are designed and constructed to minimize their environmental impact. Some of the sustainable features of the building include a green roof, rainwater harvesting system, and energy-efficient lighting and HVAC systems.
The $1.2 billion John A. Paulson Center — which opened in January 2023 — provides all of the occupancy classes for the “university without a quad”.
*In 2005, Paulson began investing heavily in credit default swaps, which are essentially insurance contracts that pay out if a particular debt instrument defaults. He used these swaps to bet against the subprime mortgage market, which he believed was overvalued and ripe for collapse. When the housing market crashed in 2008, Paulson’s bets paid off in a big way, earning him billions of dollars in profits.
Paulson has also been involved in other successful trades, including investments in gold and banking stocks. However, his bet against the subprime mortgage market remains his most famous and lucrative trade.
