The financial District
The financial District has become
quite popular for excellent values in a historic neighborhood that is undergoing
dramatic restoration. The rents are somewhat lower than in other neighborhoods,
and the views of the river are quite breathtaking. As one of Manhattan's
oldest neighborhoods, the contrasts are striking, with glittering skyscrapers
alongside landmark structures and cobblestone alleys.
Wall Street, a tiny, winding street, is an unlikely metaphor for the powerful financial community that surrounds the New York and American Stock Exchanges. A short walk to the harbor provides views of the Statue of Liberty and Ellis Island, and the South Street Seaport provides abundant shopping, restaurants, and pubs and the floating museums of restored antique ships.
World Financial Center in Battery Park City is the headquarters for such companies as Merrill Lynch, American Express, and Dow Jones. Known for its narrow alleyways and twisting side streets, the Wall Street District developed without zoning laws or street-grid pattern. In 1995, the mayor began an Economic Revitalization Program, and as a result of this plan and zoning changes, 5,000 new residential apartments are available in this area with an estimated 7,000 more units for rent or purchase.
Some of the very large historic skyscrapers and older office buildings
are being converted into apartment buildings, making this neighborhood an
attractive place for families, children, and even pets. During the day, the
area's cafes, restaurants, and shops are bustling with Wall Streeters. After
hours, however, a peace and quiet settles over the neighborhood, and seekers
of nightlife have just a short walk to trendy Tribeca. Most of the buildings
being converted are rentals, but there are condos to purchase as well. Many
offer spectacular views and advanced technology features such as fiber-optic wiring, high-speed Internet access, and multiple
phone lines.
See also transportation and schools for
Financial District.
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