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Financial District, Manhattan

From Wikipedia, the free encyclopedia

The Financial District of Lower Manhattan, also known as FiDi,[1] is a neighborhood located on the southern tip of Manhattan Island, where the City of New York itself originated in 1624.[2] The district 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,[3][4][5][6][7] and the New York Stock Exchange is the world's largest stock exchange by total market capitalization.[8][9] 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 population of the Financial District has grown to an estimated 61,000 residents as of 2018,[10] up from 43,000 as of 2014, which in turn was nearly double the 23,000 recorded at the 2000 Census.[11]

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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, 2001 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.[12] 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, to an estimated 61,000 residents as of 2018,[10] over double the 23,000 recorded at the 2000 Census,[11] with many buildings being converted from office space to apartments and condominiums after the September 11, 2001 attacks.

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).[13]

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 Brookfield Place (formerly World Financial Center).

Tallest buildings

Name Image Height
ft (m)
Floors Year Notes
One World Trade Center
One World Trade Center cropped2.jpg
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.[14][15]
3 World Trade Center
Three World Trade Center, New York, NY.jpg
1,079 (329) 80 2018 It is the 2nd-tallest building at the rebuilt World Trade Center and in the financial district, and the 11th tallest-building in the United States. It is topped out and will open in 2018.[16]
4 World Trade Center
4 WTC May 17 2013.jpg
978 (298) 74 2013 3rd tallest building at the rebuilt World Trade Center and in the financial district. The building opened to tenants in 2013. [17]
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[18][19] 70 Pine is being transformed into a residential skyscraper with 644 rental residences, 132 hotel rooms and 35,000 square feet of retail [20]
30 Park Place
99 Church St from west jeh.jpg
937 (286) 82 2016 Four Season Private Residences and Hotel. Topped-out in 2015 and completed in 2016. [21]
40 Wall Street
40 Wall Street New York City at Sunset C R.jpg
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[22][23]
28 Liberty Street
One Chase Manhattan Plaza 1.jpg
813 (248) 60 1961 [24][25]
50 West Street
50 West Street 23 Oct 2015.png
778 (237) 63 2016 [26][27]
200 West Street
749 (228) 44 2010 Also known as Goldman Sachs World Headquarters[28][29]
60 Wall Street
60 Wall Street building.jpg
745 (227) 55 1989 Also known as Deutsche Bank Building[30][31]
One Liberty Plaza
0013TIARA P1000433.JPG
743 (226) 54 1973 Formerly known as the U.S. Steel Building[32][33]
20 Exchange Place
20 Exchange Place Tower 111.JPG
741 (226) 57 1931 Formerly known as the City Bank-Farmers Trust Building[34][35]
200 Vesey Street
World Financial Center.jpg
739 (225) 51 1986 Also known as Three World Financial Center[36][37]
HSBC Bank Building
WSTM Mark Frank 0086.jpg
688 (210) 52 1967 Also known as Marine Midland Building[38][39]
55 Water Street
55 Water Street with north wing.JPG
687 (209) 53 1972 [40][41]
1 Wall Street
1 Wall Street.jpg
654 (199) 50 1931 Also known as Bank of New York Mellon Building [42][43]
225 Liberty Street
World Financial Center.jpg
645 (197) 44 1987 Also known as Two World Financial Center[44][45]
1 New York Plaza
One New York Plaza.jpg
640 (195) 50 1969 [46][47]
Home Insurance Plaza
630 (192) 45 1966 [48][49]


See also



  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. ^ "Manhattan, New York – Some of the Most Expensive Real Estate in the World Overlooks Central Park". The Pinnacle List. Retrieved November 24, 2014.
  3. ^ 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.
  4. ^ "Top 8 Cities by GDP: China vs. The U.S." Business Insider, Inc. July 31, 2011. Archived from the original on February 5, 2013. 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.
  5. ^ John Glover (November 23, 2014). "New York Boosts Lead on London as Leading Finance Center". Bloomberg L.P. Retrieved March 25, 2015.
  6. ^ "UBS may move US investment bank to NYC". Ltd. June 10, 2011. Retrieved March 25, 2015.
  7. ^ "The Global Financial Centres Index 17" (PDF). Long Finance. March 23, 2015. Retrieved March 25, 2015.
  8. ^ "2013 WFE Market Highlights" (PDF). World Federation of Exchanges. Archived from the original (PDF) on March 27, 2014. Retrieved March 25, 2015.
  9. ^ "NYSE Listings Directory". Archived from the original on July 19, 2008. Retrieved June 23, 2014.
  10. ^ a b Bob Pisani (May 18, 2018). "New 3 World Trade Center to mark another step in NYC's downtown revival". CNBC. Retrieved May 18, 2018.
  11. ^ a b C. J. Hughes (August 8, 2014). "The Financial District Gains Momentum". The New York Times. Retrieved August 14, 2014.
  12. ^ White, Norval; Willensky, Elliot & Leadon, Fran (2010), AIA Guide to New York City (5th ed.), New York: Oxford University Press, ISBN 9780195383867, p.7
  13. ^ About the District, Manhattan Community Board 1 (accessed October 6, 2016).
  14. ^ "One World Trade Center". The Skyscraper Center. CTBUH. Retrieved May 14, 2013.
  15. ^ Murray, Matt; Kim, Eun Kyung (May 14, 2013). "Cheers Erupt as Spire Tops One World Trade Center". CNBC. Retrieved May 12, 2013.
  16. ^ Warerkar, Tanay (1 August 2017). "3 World Trade Center nears the finish line in the Financial District". Curbed NY. Retrieved 26 December 2017.
  17. ^ "Building Overview". Retrieved September 21, 2016.
  18. ^ "American International". Retrieved November 19, 2007.
  19. ^ "American International Building". Retrieved November 22, 2007.
  20. ^ Cuozzo, Steve. "New plans for downtown’s 70 Pine St. are sky-high" New York Post (October 29, 2013)
  21. ^ "Four Seasons Hotel at 30 Park Place Will Open in July 2016". Zoe Rosenberg. Retrieved August 30, 2015.
  22. ^ "The Trump Building". Retrieved November 19, 2007.
  23. ^ "Trump Building". Retrieved November 22, 2007.
  24. ^ "One Chase Manhattan Plaza". Retrieved November 19, 2007.
  25. ^ "One Chase Manhattan Plaza". Retrieved November 22, 2007.
  26. ^ "Financial District, Manhattan". CTBUH Skyscraper Database.
  27. ^ "50 West Street". Retrieved February 14, 2016.
  28. ^ "Goldman Sachs Headquarters". Retrieved July 21, 2012.
  29. ^ "Goldman Sachs New World Headquarters". Retrieved July 21, 2012.
  30. ^ "60 Wall Street". Retrieved November 19, 2007.
  31. ^ "60 Wall Street". Retrieved November 22, 2007.
  32. ^ "One Liberty Plaza". Retrieved November 19, 2007.
  33. ^ "1 Liberty Plaza". Retrieved November 22, 2007.
  34. ^ "20 Exchange Place". Retrieved November 19, 2007.
  35. ^ "20 Exchange Place". Retrieved November 22, 2007.
  36. ^ "Three World Financial Center". Retrieved November 19, 2007.
  37. ^ "Three World Financial Center". Retrieved November 22, 2007.
  38. ^ "HSBC Bank Building". Retrieved November 19, 2007.
  39. ^ "HSBC Bank Building". Retrieved November 22, 2007.
  40. ^ "55 Water Street". Retrieved November 19, 2007.
  41. ^ "55 Water Street". Retrieved November 22, 2007.
  42. ^ "Bank of New York Building". Retrieved November 19, 2007.
  43. ^ "Bank of New York Building". Retrieved November 22, 2007.
  44. ^ "Two World Financial Center". Retrieved November 19, 2007.
  45. ^ "Two World Financial Center". Retrieved November 22, 2007.
  46. ^ "One New York Plaza". Retrieved November 19, 2007.
  47. ^ "One New York Plaza". Retrieved November 22, 2007.
  48. ^ "Home Insurance Plaza". Retrieved November 19, 2007.
  49. ^ "Home Insurance Plaza". Retrieved November 22, 2007.

External links

This page was last edited on 20 October 2018, at 21:35
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