The Laboz clan wants to tear down a couple of buildings in a historic district of Soho. Its plan for a nine-story building consisting primarily of office space is no more, though.
United American Land aims to demolish 301 Canal Street and 419-421 Broadway, Crain’s reported. The firm’s plan popped up in the city register this week.
The buildings sit in SoHo’s Cast Iron Historic District, above the Canal Street subway station. Because of that, the Landmarks Preservation Commission needs to approve the demolition, as well as a renovation to adjacent 423 Broadway. Albert Laboz’s firm is set to make its case before the commission on May 7.
UAL purchased the three properties in 2017 for $5.4 million. That year, the firm submitted an application to the LPC to tear down 301 Canal and 419-421 Broadway and erect a nine-story building with office and retail space, designed by Morris Adjmi Architects. The commission approved a modified version of the plan by the end of that year.
But the project never proceeded. UAL’s latest plans for the site call for a one-story building instead, as a spokesperson for the architect told Crain’s that the “office market [is] not viable at present.” Preliminary plans posted to the LPC website appear to orient the project around 5,900 square feet of retail space with a design inspired by the district’s architecture.
Albert Laboz did not immediately respond to a request for comment from The Real Deal.
While residential space doesn’t appear to be part of the plan at the site, the Laboz family is taking advantage of the contentious 2021 rezoning of Soho elsewhere.
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At 277 Canal Street, UAL and Morris Adjmi are looking to add 10 stories to a three-story commercial space, turning it into a 100-apartment complex where a quarter of units would be affordable.
The project could be one of the first to come to fruition as a result of the controversial Soho/Noho Neighborhood Plan, which promised to add 3,500 affordable units to the city.