Tribeca’s Iconic Pearl Paint Buildings Are Going Residential

Posted On Wed, May 25, 2016 By

Posted On Wed, May 25, 2016 By In New Developments, Tribeca

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.

Pearl Paint Condos
Via CityRealty

The filing hints that the unit breakdown will be, you guessed it, condos! The block-through structure, with an alternate address at 55 Lispenard Street, is envisioned to have a commercial space at ground level, two apartments per floor on levels two through four, and two duplex residences sharing the hoped-to-be-constructed fifth and sixth floors. The addition is proposed to add 21 feet in height to the 57-foot building and 3,500 square feet in additional floor area. The architect of record is listed as Paul A. Castrucci Architect, whose prior projects include the energy efficient rental known as the Rivington Street Building and a three-unit condominium at 951 Pacific Street.

The Italianate building, still drenched in Pearl Paint’s iconic red and white colors, is within the Tribeca East Historic District and will need to muster approvals from the Landmarks Preservation Commission to move forward. According to the designation report, 308 Canal was constructed between 1864-65 for James and Thomas Goadby, manufacturers of iron grates.

The larger neighboring structure at 304-306 Canal Street, that held the bulk of Pearl Paint’s operations, was purchased by Vornado Realty Trust for $16.4 million, and permits were filed last year by architects Formactiv to convert that 12,000-square-foot building into four full-floor apartments.

Find future listings for 55 Lispenard/308 Canal Street at CityRealty.

RELATED:

Tags : , , , , ,

Neighborhoods : Tribeca

MOST RECENT ARTICLES

  • SPACE T2: A 1959 hunting shack transformed into an off-grid studio by Stephen Holl

    SPACE T2: A 1959 hunting shack transformed into an off-grid studio by Stephen Holl

    Space T2 is a minimal artist studio located in Rhinebeck, NY. Stephen Holl Architects built the off-grid cabin using what remained of ...
  • Weekly highlights: Top picks from the 6sqft staff

    Weekly highlights: Top picks from the 6sqft staff

    CNN’s Don Lemon sells Harlem condo for small profit 128 tall buildings were constructed in 2016, a world record Tennis ...
  • Art Nerd New York’s top event picks for the week – 1/19-1/25

    Art Nerd New York’s top event picks for the week – 1/19-1/25

    In a city where hundreds of interesting happenings occur each week, it can be hard to pick and choose your ...
  • $12,000/month to rent this triplex townhouse beauty in Boerum Hill

    $12,000/month to rent this triplex townhouse beauty in Boerum Hill

    Renters can enjoy Brooklyn townhouse living in all its glory here at 306 State Street, a Boerum Hill property now ...
  • Millennial home buyers prefer DIY over going into debt over renovations

    Millennial home buyers prefer DIY over going into debt over renovations

    Millennial homeowners—yes, they do exist—are a careful lot, according to Better Homes & Gardens’ ninth annual survey of trends in ...
  • Have your apartment photographed by 6sqft!

    Have your apartment photographed by 6sqft!

    Did you spend months decorating your apartment? Is your home historic or quirky? If you live in a unique or ...
  • Express N train tunnel will close for a year in Brooklyn; Map shows the CO2 savings of CitiBike

    Express N train tunnel will close for a year in Brooklyn; Map shows the CO2 savings of CitiBike

    The express N train tunnel between the 36th and 59th street stations in Brooklyn will close for a year for repairs ...
  • The first presidential inauguration was held in New York City in 1789

    The first presidential inauguration was held in New York City in 1789

    As Washington, D.C. attempts to rein in the crowds on this Inauguration Day, New Yorkers can be thankful someone else ...
  • FREE RENT: A roundup of NYC’s latest rental concessions

    FREE RENT: A roundup of NYC’s latest rental concessions

    Midtown Rental Skyscraper ‘Tower 31‘ Offering One Month Free or One Month OP on Select Leases [link] Leasing Launches at ...
  • VIDEO: Watch the MTA clean subway tracks with their new Mobile Vacs

    VIDEO: Watch the MTA clean subway tracks with their new Mobile Vacs

    This past May the MTA recorded 50,436 subway delays, 697 of which were caused by track fires that could have ...
  • The Urban Lens: Inside ‘Little Odessa,’ Brighton Beach’s quaint beachfront Russian community

    The Urban Lens: Inside ‘Little Odessa,’ Brighton Beach’s quaint beachfront Russian community

    6sqft’s ongoing series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. ...
  • Whole Foods will open a lower-priced ‘365’ store in Downtown Brooklyn

    Whole Foods will open a lower-priced ‘365’ store in Downtown Brooklyn

    Downtown Brooklyn is quickly becoming one of NYC’s most desirable commercial hubs. On top of hosting a lengthy roster of big ...

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.