In TriBeCa (to spell it "correctly"):
That's the "TRiangle BElow CAnal" for those of you not in the know. Also, Canal Street was never a canal, but a drainage ditch when the stinking Collect Pond was drained (hence the drainage ditch) and filled in where nice houses were built. But, the soft ground eventually sunk down and the nice little neighborhood became a slum where five streets all intersected and Martin Scorcese made an interesting yet factually incorrect movie about it. And that was your minor little NYC history lesson for the day.