Financial District, Manhattan

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

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 commonly referred to 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 by Wall Street in the Financial District, New York City has been called both the most economically 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.

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.

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.

It 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.

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.

Tallest buildings

Name	Image	Height(m)	Floors	Year	Notes
One World Trade Center		1,776 (541.3)	104	2014	Is the 4th-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.[12][13]
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[14][15] 70 Pine is being transformed into a residential skyscraper with 644 rental residences, 132 hotel rooms and 35,000 square feet of retail [16]
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[17][18]
28 Liberty Street		813 (248)	60	1961	[19][20]
50 West Street		778 (237)	63	2016	[21][22]
200 West Street		749 (228)	44	2010	Also known as Goldman Sachs World Headquarters[23][24]
60 Wall Street		745 (227)	55	1989	Also known as Deutsche Bank Building[25][26]
One Liberty Plaza		743 (226)	54	1973	Formerly known as the U.S. Steel Building[27][28]
20 Exchange Place		741 (226)	57	1931	Formerly known as the City Bank-Farmers Trust Building[29][30]
200 Vesey Street		739 (225)	51	1986	Also known as Three World Financial Center[31][32]
HSBC Bank Building		688 (210)	52	1967	Also known as Marine Midland Building[33][34]
55 Water Street		687 (209)	53	1972	[35][36]
1 Wall Street		654 (199)	50	1931	Also known as Bank of New York Mellon Building [37][38]
225 Liberty Street		645 (197)	44	1987	Also known as Two World Financial Center[39][40]
1 New York Plaza		640 (195)	50	1969	[41][42]
Home Insurance Plaza		630 (192)	45	1966	[43][44]

Gallery

• 

  The Broad Street facade of the New York Stock Exchange

• 

  The Federal Reserve Bank of New York Building

• 

  The former House of Morgan building at 23 Wall Street

• 

  Federal Hall, once the U.S. Custom House, now a museum, with the towers of Wall Street behind it

• 

  The Chamber of Commerce Building at 65 Liberty Street, one of many historical buildings in the district

• 

  One Liberty Plaza, one of the many modern skyscrapers in the area

See also

• Economy of New York City

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. 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 with 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. "One World Trade Center". The Skyscraper Center. CTBUH. Retrieved May 14, 2013.
13. Murray, Matt; Kim, Eun Kyung (May 14, 2013). "Cheers Erupt as Spire Tops One World Trade Center". CNBC. Retrieved May 12, 2013.
14. "American International". Emporis.com. Retrieved November 19, 2007.
15. "American International Building". SkyscraperPage.com. Retrieved November 22, 2007.
16. Cuozzo, Steve. "New plans for downtown’s 70 Pine St. are sky-high" New York Post (October 29, 2013)
17. "The Trump Building". Emporis.com. Retrieved November 19, 2007.
18. "Trump Building". SkyscraperPage.com. Retrieved November 22, 2007.
19. "One Chase Manhattan Plaza". Emporis.com. Retrieved November 19, 2007.
20. "One Chase Manhattan Plaza". SkyscraperPage.com. Retrieved November 22, 2007.
21. Financial District, Manhattan at CTBUH Skyscraper Database
22. "50 West Street". SkyscraperPage.com. Retrieved February 14, 2016.
23. "Goldman Sachs Headquarters". Emporis.com. Retrieved July 21, 2012.
24. "Goldman Sachs New World Headquarters". SkyscraperPage.com. Retrieved July 21, 2012.
25. "60 Wall Street". Emporis.com. Retrieved November 19, 2007.
26. "60 Wall Street". SkyscraperPage.com. Retrieved November 22, 2007.
27. "One Liberty Plaza". Emporis.com. Retrieved November 19, 2007.
28. "1 Liberty Plaza". SkyscraperPage.com. Retrieved November 22, 2007.
29. "20 Exchange Place". Emporis.com. Retrieved November 19, 2007.
30. "20 Exchange Place". SkyscraperPage.com. Retrieved November 22, 2007.
31. "Three World Financial Center". Emporis.com. Retrieved November 19, 2007.
32. "Three World Financial Center". SkyscraperPage.com. Retrieved November 22, 2007.
33. "HSBC Bank Building". Emporis.com. Retrieved November 19, 2007.
34. "HSBC Bank Building". SkyscraperPage.com. Retrieved November 22, 2007.
35. "55 Water Street". Emporis.com. Retrieved November 19, 2007.
36. "55 Water Street". SkyscraperPage.com. Retrieved November 22, 2007.
37. "Bank of New York Building". Emporis.com. Retrieved November 19, 2007.
38. "Bank of New York Building". SkyscraperPage.com. Retrieved November 22, 2007.
39. "Two World Financial Center". Emporis.com. Retrieved November 19, 2007.
40. "Two World Financial Center". SkyscraperPage.com. Retrieved November 22, 2007.
41. "One New York Plaza". Emporis.com. Retrieved November 19, 2007.
42. "One New York Plaza". SkyscraperPage.com. Retrieved November 22, 2007.
43. "Home Insurance Plaza". Emporis.com. Retrieved November 19, 2007.
44. "Home Insurance Plaza". SkyscraperPage.com. Retrieved November 22, 2007.

External links

• Financial District, Manhattan travel guide from Wikivoyage
• Photographs of Financial District
• Wikipages Financial District, a wiki-based business directory for New York's Financial District.