The University Village is a complex of three apartment buildings located in Greenwich Village in the Lower Manhattan-part of New York City. The complex is owned by New York University and was built in the 1960s as part of the University's transition to a residential college. One of the towers, 505 LaGuardia Place, is a co-op that does not house students, and the other two towers, Silver Tower I and Silver Tower II, house faculty and graduate students of NYU. The buildings were designed by modern architects James Ingo Freed and I. M. Pei, and the central-plaza contains a sculpture by Carl Nesjär and Pablo Picasso. In 2008 the complex was designated a New York City Landmark by the Landmarks Preservation Commission.