Financial District (New York City, New York)

USA / New Jersey / Hoboken / New York City, New York
 downtown / central business district, district, neighbourhood, draw only border
The Financial District of New York City is a neighborhood on the southernmost section of the borough of Manhattan which comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange. The neighborhood was anchored by the World Trade Center until the September 11, 2001 terrorist attacks. The neighborhood generally follows the boundaries of the New Amsterdam settlement in the late 17th century, and has a residential population of about 30,000, during the day the population swells to about 300,000.

As a district, it encompasses roughly the area south of City Hall Park but excluding Battery Park and Battery Park City. 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.

The Fulton Fish Market used to be contained in the southern end of the Financial District until the company was moved to Hunts Point in The Bronx. Federal Hall National Memorial, on the site of the first US Capitol and the inauguration of George Washington as the first President of the United States, is located at the corner of Wall Street and Nassau Street.

Although becoming more residential, as evidenced by more apartments within the district itself, as well as several hotels, the neighborhood is considered to be primarily a destination for daytime traders and office workers from around New York City and the surrounding areas.

Although the term is sometimes considered to be synonymous with "Wall Street", the latter term is usually taken to imply the financial markets as a whole, whereas the Financial District implies an actual geographical location. According City of New York official data, the neighborhood is named Wall Street.

It is the fourth largest central business district in the United States, after Midtown Manhattan, Chicago's Loop, and Washington D.C. The neighborhood was previously the third largest CBD. Lower Manhattan's fall to fourth place can be attributed by the district's loss of the World Trade Center, which contributed over 16 million square feet of office space to the area. The square footage lost in the September 11, 2001 terrorist attacks was equivalent to the office space in the entire city of Cincinnati in 2001. It is expected that Downtown will regain its third place ranking after the reconstruction of the World Trade Center, which is expected to yield close to the original center's square footage of rentable commercial space, and the construction of financial firm Goldman Sachs' new headquarters.
Wikipedia article: http://en.wikipedia.org/wiki/Financial_District,_Manhattan
Nearby cities:
Coordinates:   40°42'25"N   74°0'32"W

Comments

  • Major sights include South Street Seaport and Museum, World Financial Center, Wall Street and the New York Stock Exchange, Battery Park, Trinity Church and the Woolworth Building.
  • Great Place.