SHERATON HOTEL ON CANAL STREET?

Next door to the depression era Canal Street Station Post Office, Sam Chang is building a 20 story Sheraton Hotel. Purchasing air rights and the small parking lot owned by the post office is just one of many genius moves of the Mr. Chang. Starting in Los Angeles and via a series of successful businesses in Maryland, he eventually discovered New York City and and purchased a small piece of land on which he built the Comfort Inn. That was in 1997. Mr. Chang has now become "the busiest Asian developer in New York City" according to an article written by Megha Bahree in a June edition of Forbes Magazine.