For many years, the site at 475 Greenwich Street, a long abandoned triangular property bounded by Canal, Watts , and Greenwich Streets, has been an unsightly blight on the Tribeca community. The area, which is directly over the Holland Tunnel, has been occupied by low-rise buildings that once housed a ceramic tile company and a car audio store.
Summary
Last year, Douglaston Development and Montagu Square Development joined together to build 475 Greenwich Street, which will consist of 21 luxury condominium lofts and 5,000 square feet of retail space. The developers acquired a zoning variance to allow residential development on this site. Additionally, the developers agreed last summer, along with the Tribeca committee of Community Board 1, not to lease any of the project's retail space to nightclubs or bars.
