Revised Design for 312-322 Canal Street courtesy of Paul A. Castrucci Architects
For Trans World Equities and Paul A. Castrucci Architects, the third time is truly the charm. Nearly seven years after they first proposed a plan to replace a row of five buildings at 312-322 Canal Street with a residential building, the Landmarks Preservation Commission officially approved on Tuesday the duo’s revised design. The updated plan reduces the height of the building from nine to seven stories and mutes the color of the facade from a bright-red brick to terracotta. During the developer’s third presentation for LPC, the commissioners said the building’s rhythm and height will now fit better with the district, according to CityRealty.
See the approved replacement
If you’ve walked down Chinatown’s Canal Street then you’re certainly familiar with a string of stores at 312-322 Canal Street hawking cheap souvenirs to tourists and passersby. After a proposal to renew the depressed stretch of shops with a brand-new brick construction failed to pass Landmarks Preservation Commission (LPC) muster in 2011, a new, much more ambitious plan to replace the ramshackle building has finally emerged.
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Back in 2014, New Yorkers lamented the shuttering of Pearl Paint, the legendary 80-year-old art retailer that had been located on the border of Tribeca and Chinatown since 1933. Any self-respecting artist, architect, or designer will surely remember trudging up the six flights of creaking floor boards and hunting down bargain-priced supplies, but this will soon become an even more distant memory as just yesterday, Trans World Equities filed permits to convert one of Pearl Paint’s former buildings into eight residential units and build a two-story addition above the 150-year-old structure at 308 Canal Street.
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