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History of Tribeca Buildings
Plans moving forward for northeast corner of Canal and Broadway
United American Land, which owns much of Canal Street around Broadway, received approvals last week from the Landmarks Commission to build out 277 Canal — aka 422 Broadway — currently the three-story Oltarsh Building on the northeast corner. They first unveiled renderings for the site three years ago; the approved building is pretty much the same: a 21-stories with 159 rental units, 31 of which are affordable. The building was designed by Morris Adjmi Architects.
There’s also three floors of retail and as part of the deal, the developer is rebuilding the subway entrance (Canal Street N, Q and R) and adding an elevator with a bonus through the Zoning For Accessibility Program.
The original building was a 1920s-era Renaissance Revival-style theater, store and loft building and is inside the SoHo-Cast Iron Historic District Extension.
As part of their presentation, UAL noted that this is the only site within the historic district that has a subway running
directly below the building. It’s also located at the intersection of two wide streets — part of the rationale for allowing for a taller building than the rest of the district allows.
Looking north up Broadway
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Isn’t that the northwest corner of canal and broadway? Or am I misunderstanding?
Northeast corner
Despite justified concerns about congestion and traffic on Canal Street, NYC continues to enable development that will increase traffic and congestion.
Stop fretting. By the time 277 Canal is finished, the $9 congestion toll will have reached $12 (2028), en route to $15 (2031), reinforcing the drop in traffic thus far.
The project is exactly what NY — and our climate — need: new homes built at or near transit lines. Indeed, did you not see that the deal includes rebuilding the subway entrance — with an elevator, no less?
But sure, go ahead. Keep restricting new housing, and keep driving up rents so that NY City and State lose even more congressional representation and political power. MAGA loves you.
The majority of the units will be “luxury” thus generating e-commerce, Uber vehicle traffic along with routine building service traffic. As for the affordable hopefully they are permanently “affordable”,
It is incredible and disturbing at minimum that as we are total strangers, you’d dub my comments as MAGA. Truly speechless at this wrong and vicious statement.
@Ala 100% correct in your response. Also, who is going to spend thousands of dollars to rent an apartment that has the Canal St. counterfeit bazaar in front of their building and surrounding streets?
Couldn’t agree with you more regarding this unprovoked vicious personal attack on your character.
To paraphrase Mark Twain, “Invective is the last refuge of a scoundrel.”
Increased tolls so far have done little to ease the congestion on Canal Street. Nor will a hike of $3.
However, this project will bring in well over a hundred units of luxury condos, increasing gentrification pressures on the nearby Chinatown population, as well as blighting the low-rise SoHo Historic District of which it will be a part.
But those who shill for billionaire real-estate developers like UAL, care little about that, as long as their dystopian vision of NYC as Dubai or Hong Kong is met.
I didn’t call you MAGA. I said that blue-state NIMBYism like yours furthers the MAGA agenda. How? By driving up the cost of housing, which supercharges population shifts from blue states to red.
Have you not seen even one of the many stories pointing out that the next 10-year congressional reapportionment will shift so many electoral votes that a 2032 Dem candidate winning Harris’s states plus MI, WI and PA will lose? Here’s one: https://www.nytimes.com/2026/03/31/opinion/democrats-census-2028-2032.html.
I’ll say again, a bit differently: Blue-state NIMBY’s may not be MAGA, but MAGA loves them.
PS – if the powers that be really cared to improve transportation then there should be a crosstown bus on Canal Street
Since the SNX passed in December of 2021, there have been precisely ZERO new housing units delivered to date. This project is a total win for the neighborhood. Period.
The fact that they hired a real architect to thoughtfully design it is the cherry on top.
Why do you think that since the SNX passed in December 2021, there have been precisely ZERO new housing units delivered to date?
Imagine the pedestrian congestion on the narrow 12’ sidewalk and the vehicular mess on perennially congested Canal that will persist for years when the builder brings in a gargantuan crane reaching over 200 feet to erect this luxury tower!!
And where will all the building materials be stored?
On our narrow public sidewalks and curb lanes!
If you think that strip of Canal is bad now, you ain’t seen nothing yet.
But the gentrification apologists and the “Build, Build, Build” crew just don’t care about that.
This city, which lost its neighborhood and community feel decades ago, will be nothing but oversized apartment buildings and bike lanes. I’m a native New Yorker and I’m disgusted.
This city, which used to be a city of neighborhoods, will soon turn into a city of just oversized apartment buildings and bike lanes.