Financial District, Manhattan

Coordinates: 40°42′27″N 74°00′40″W / 40.707499°N 74.011153°W / 40.707499; -74.011153

Financial District
Neighborhood in Manhattan

The Financial District of Lower Manhattan viewed from New York Harbor, near the Statue of Liberty, October 2013
Country United States
State New York
City New York City
Borough Manhattan
Population (2010)
 • Total 60,976

The Financial District, also known as FiDi,[1] is a neighborhood located at the southern tip of the borough of Manhattan in New York City, which comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. Anchored on Wall Street in the Financial District, New York City has been called both the most financially powerful city and the leading financial center of the world,[2][3][4][5][6] and the New York Stock Exchange is the world's largest stock exchange by total market capitalization.[7][8] Several other major exchanges have or had headquarters in the Financial District, including the New York Mercantile Exchange, NASDAQ, the New York Board of Trade, and the former American Stock Exchange.

The neighborhood roughly overlaps with the boundaries of the New Amsterdam settlement in the late 17th century. The Financial District has witnessed growth in its population to approximately 43,000 as of 2014, nearly double the 23,000 recorded at the 2000 Census.[9]

Description and history

The Financial District encompasses roughly the area south of City Hall Park in Lower Manhattan but excludes Battery Park and Battery Park City. The former World Trade Center complex was located in the neighborhood until the September 11 attacks; the neighborhood includes the successor One World Trade Center. The heart of the Financial District is often considered to be the corner of Wall Street and Broad Street, both of which are contained entirely within the district.[10] The northeastern part of the financial district (along Fulton Street and John Street) was known in the early 20th century as the Insurance District, due to the large number of insurance companies that were either headquartered there, or maintained their New York offices there.

Until the late 20th and early 21st century, the neighborhood was considered to be primarily a destination for daytime traders and office workers from around New York City and the surrounding areas. The neighborhood now has a growing number of full-time residents, with estimates made in 2010 showing that there were approximately 61,000 people living in the area, a jump from the 15 to 20 thousand living there before 2001,[11] with many buildings being converted from office space to apartments and condominiums during the 1990s and 2000s.

Although the term is sometimes used as a synonym for Wall Street, the latter term is often applied metonymously to the financial markets as a whole (and is also a street in the district), whereas "the Financial District" implies an actual geographical location.

The Financial District is part of Manhattan Community Board 1, which also includes five other neighborhoods (Battery Park City, Civic Center, Greenwich South, Seaport, and Tribeca).[12]

Points of interest

Federal Hall National Memorial, on the site of the first U.S. Capitol and the first inauguration of George Washington as the first President of the United States, is located at the corner of Wall Street and Nassau Street.

The Financial District has a number of tourist attractions such as the adjacent South Street Seaport Historic District, the New York City Police Museum, and Museum of American Finance. Bowling Green is the starting point of traditional ticker-tape parades on Broadway, where here it is also known as the Canyon of Heroes. The Museum of Jewish Heritage and the Skyscraper Museum are both in adjacent Battery Park City which is also home to the World Financial Center.

Tallest buildings

Name Image Height(m) Floors Year Notes
One World Trade Center 1,776 (541.3) 104 2014 Is the 6th-tallest building in the world and the tallest building in the United States since its topping out on May 10, 2013. It is also the tallest building in the Western Hemisphere and the tallest all-office building in the world.[13][14]
4 World Trade Center 978 (298) 74 2013 2nd tallest building in the rebuilt World Trade Center and in the financial district. The building opened to tenants in 2013. [15]
70 Pine Street 952 (290) 66 1932 22nd-tallest building in the United States; formerly known as the American International Building and the Cities Service Building[16][17] 70 Pine is being transformed into a residential skyscraper with 644 rental residences, 132 hotel rooms and 35,000 square feet of retail [18]
30 Park Place 937 (286) 82 2016 Four Season Private Residences and Hotel. Topped-out in 2015 and completed in 2016. [19]
40 Wall Street 927 (283) 70 1930 26th-tallest in the United States; was world's tallest building for less than two months in 1930; formerly known as the Bank of Manhattan Trust Building; also known as 40 Wall Street[20][21]
28 Liberty Street 813 (248) 60 1961 [22][23]
50 West Street 778 (237) 63 2016 [24][25]
200 West Street 749 (228) 44 2010 Also known as Goldman Sachs World Headquarters[26][27]
60 Wall Street 745 (227) 55 1989 Also known as Deutsche Bank Building[28][29]
One Liberty Plaza 743 (226) 54 1973 Formerly known as the U.S. Steel Building[30][31]
20 Exchange Place 741 (226) 57 1931 Formerly known as the City Bank-Farmers Trust Building[32][33]
200 Vesey Street 739 (225) 51 1986 Also known as Three World Financial Center[34][35]
HSBC Bank Building 688 (210) 52 1967 Also known as Marine Midland Building[36][37]
55 Water Street 687 (209) 53 1972 [38][39]
1 Wall Street 654 (199) 50 1931 Also known as Bank of New York Mellon Building [40][41]
225 Liberty Street 645 (197) 44 1987 Also known as Two World Financial Center[42][43]
1 New York Plaza 640 (195) 50 1969 [44][45]
Home Insurance Plaza 630 (192) 45 1966 [46][47]

See also

References

Notes

  1. ↑ Couzzo, Steve (April 25, 2007). "FiDi Soaring High". New York Post. Retrieved December 3, 2014. The Financial District is over. So is the “Wall Street area.” But say hello to FiDi, the coinage of major downtown landlord Kent Swig, who decided it’s time to humanize the old F.D. with an easily remembered, fun-sounding acronym.
  2. ↑ Richard Florida (March 3, 2015). "Sorry, London: New York Is the World's Most Economically Powerful City". The Atlantic Monthly Group. Retrieved March 25, 2015. Our new ranking puts the Big Apple firmly on top.
  3. ↑ "Top 8 Cities by GDP: China vs. The U.S.". Business Insider, Inc. July 31, 2011. Retrieved March 25, 2015. For instance, Shanghai, the largest Chinese city with the highest economic production, and a fast-growing global financial hub, is far from matching or surpassing New York, the largest city in the U.S. and the economic and financial super center of the world.
    "PAL sets introductory fares to New York". Philippine Airlines. Retrieved March 25, 2015.
  4. ↑ John Glover (November 23, 2014). "New York Boosts Lead on London as Leading Finance Center". Bloomberg L.P. Retrieved March 25, 2015.
  5. ↑ "UBS may move US investment bank to NYC". e-Eighteen.com Ltd. June 10, 2011. Retrieved March 25, 2015.
  6. ↑ "The Global Financial Centres Index 17" (PDF). Long Finance. March 23, 2015. Retrieved March 25, 2015.
  7. ↑ "2013 WFE Market Highlights" (PDF). World Federation of Exchanges. Archived from the original (PDF) on March 27, 2014. Retrieved March 25, 2015.
  8. ↑ "NYSE Listings Directory". Retrieved June 23, 2014.
  9. ↑ C. J. Hughes (August 8, 2014). "The Financial District Gains Momentum". The New York Times. Retrieved August 14, 2014.
  10. ↑ White, Norval; Willensky, Elliot & Leadon, Fran (2010), AIA Guide to New York City (5th ed.), New York: Oxford University Press, ISBN 9780195383867, p.7
  11. ↑ Toy, Vivian S. "The Financial District Attracts Families", The New York Times, February 20, 2009. Accessed March 1, 2009.
  12. ↑ About the District, Manhattan Community Board 1 (accessed October 6, 2016).
  13. ↑ "One World Trade Center". The Skyscraper Center. CTBUH. Retrieved May 14, 2013.
  14. ↑ Murray, Matt; Kim, Eun Kyung (May 14, 2013). "Cheers Erupt as Spire Tops One World Trade Center". CNBC. Retrieved May 12, 2013.
  15. ↑ "Building Overview". Retrieved September 21, 2016.
  16. ↑ "American International". Emporis.com. Retrieved November 19, 2007.
  17. ↑ "American International Building". SkyscraperPage.com. Retrieved November 22, 2007.
  18. ↑ Cuozzo, Steve. "New plans for downtown’s 70 Pine St. are sky-high" New York Post (October 29, 2013)
  19. ↑ "Four Seasons Hotel at 30 Park Place Will Open in July 2016". Zoe Rosenberg. Retrieved August 30, 2015.
  20. ↑ "The Trump Building". Emporis.com. Retrieved November 19, 2007.
  21. ↑ "Trump Building". SkyscraperPage.com. Retrieved November 22, 2007.
  22. ↑ "One Chase Manhattan Plaza". Emporis.com. Retrieved November 19, 2007.
  23. ↑ "One Chase Manhattan Plaza". SkyscraperPage.com. Retrieved November 22, 2007.
  24. ↑ "Financial District, Manhattan". CTBUH Skyscraper Database.
  25. ↑ "50 West Street". SkyscraperPage.com. Retrieved February 14, 2016.
  26. ↑ "Goldman Sachs Headquarters". Emporis.com. Retrieved July 21, 2012.
  27. ↑ "Goldman Sachs New World Headquarters". SkyscraperPage.com. Retrieved July 21, 2012.
  28. ↑ "60 Wall Street". Emporis.com. Retrieved November 19, 2007.
  29. ↑ "60 Wall Street". SkyscraperPage.com. Retrieved November 22, 2007.
  30. ↑ "One Liberty Plaza". Emporis.com. Retrieved November 19, 2007.
  31. ↑ "1 Liberty Plaza". SkyscraperPage.com. Retrieved November 22, 2007.
  32. ↑ "20 Exchange Place". Emporis.com. Retrieved November 19, 2007.
  33. ↑ "20 Exchange Place". SkyscraperPage.com. Retrieved November 22, 2007.
  34. ↑ "Three World Financial Center". Emporis.com. Retrieved November 19, 2007.
  35. ↑ "Three World Financial Center". SkyscraperPage.com. Retrieved November 22, 2007.
  36. ↑ "HSBC Bank Building". Emporis.com. Retrieved November 19, 2007.
  37. ↑ "HSBC Bank Building". SkyscraperPage.com. Retrieved November 22, 2007.
  38. ↑ "55 Water Street". Emporis.com. Retrieved November 19, 2007.
  39. ↑ "55 Water Street". SkyscraperPage.com. Retrieved November 22, 2007.
  40. ↑ "Bank of New York Building". Emporis.com. Retrieved November 19, 2007.
  41. ↑ "Bank of New York Building". SkyscraperPage.com. Retrieved November 22, 2007.
  42. ↑ "Two World Financial Center". Emporis.com. Retrieved November 19, 2007.
  43. ↑ "Two World Financial Center". SkyscraperPage.com. Retrieved November 22, 2007.
  44. ↑ "One New York Plaza". Emporis.com. Retrieved November 19, 2007.
  45. ↑ "One New York Plaza". SkyscraperPage.com. Retrieved November 22, 2007.
  46. ↑ "Home Insurance Plaza". Emporis.com. Retrieved November 19, 2007.
  47. ↑ "Home Insurance Plaza". SkyscraperPage.com. Retrieved November 22, 2007.
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