Not really near the Pharmacy school building at all. I suppose it's not too far of a walk from the new Engineering (Weeks) building and a bit further for the new Chem / Chemical Bio building.
Renovation within the ASB if I understand correctly. Will be a welcome addition and much needed to hopefully centralize many student-central admin interactive functions.
This thread highlights the renaming of the ASB, perhaps in conjunction with the reno and opening of this one-stop service center: