United American Land, which owns a bunch of properties on Canal west of Broadway, is rebuilding the northwest corner to do a new single story building. Construction should start soonish and be done in a year from now; they recently secured $28 million in financing, according to Traded.

This includes the two-story 301 Canal and the taxpayer that is 419-421 Broadway. (They also own the bank building on the southwest corner — but there are no new plans for that at the moment.)

Back in 2017, the company had plans for an eight-story office building on both lots with ground-floor retail. (They picked up 301 Canal in March 2017.) The building was designed by Morris Adjmi and approved by the Landmarks Commission in December 2017. (That corner is within the SoHo-Cast Iron Historic District from 1973.)

Broadway street view