The building at 45 Canal Street, the former home of Maccarone gallery and, more recently, Asia Song Society, will become a single-family residence.
According to Bowery Boogie:
Within the last couple of weeks, the requisite scaffolding and netting arrived at 45 Canal Street. Change is here. According to the DOB database, the new owner plans to convert the existing four-story commercial structure into a single-family residence with ground floor retail/offices.
The 2,800-square-foot building was listed for sale as early as 2010, but was not purchased until March of 2011. Last summer, while a James Franco exhibition was on view at Asia Song Society, which took up the ground floor and basement, the building suffered “significant structural damage” during a storm.