The Chelsea Market is filled with great restaurants and speciality food stores and pop up shops. I love stopping in and getting a gourmet grilled cheese from Lucy's Whey or a healthy juice from raw food restaurant One Lucky Duck, while shopping for dinner ingredients at the Italian market Buon Italia. For a great sit down restaurant, I love The Green Table, which serves great farm to table food.
I live above TriBeCa and take walks into and around this area often. It's quiet, usually on the emptier side, and hosts a few gems of restaurants including Tiny's, Takahachi, and Odeon - all on the same block of West Broadway.