EXPLORE FINANCIAL DISTRICT

DESCRIPTION

Once solely associated with the major financial institutions to which it owes its name, the Financial District ("FiDi") has only recently been regarded as a "neighborhood" in the community sense of the term. Heavily trafficked at rush hour and lunchtime with bankers donning suits and carrying briefcases, the area now settles at night with a residential quietude and picks up on the weekends as a result of the new influx of restaurants and nightlife destinations.

Crowning the Downtown city skyline is One World Trade, deeply intertwined with the rebirth of the area. While the tower's observatory offers outward vistas rivaled by none, the 9/11 Memorial and Museum across the street welcomes a personal retreat into the event that drastically reshaped the nation. Another architectural gem includes Trinity Church, a notable Neo-Gothic church that predates the 18th century and was rebuilt following the Great Fire in 1776.

Home to the famed Wall Street, the Financial District hosts some of the city's – and the world's – most major financial institutions. Perhaps the most predominant to have its headquarters in the neighborhood is the New York Stock Exchange, the world's largest stock exchange by market capitalization.

The area also notably includes the National Museum of the American Indian, the Museum of American Finance, and Federal Hall National Memorial. World renowned retails like Hermès, Tiffany, PINK, Saks Fifth Avenue, Michael Kors and Stuart Weitzman populate the area, along with a wide variety of firms including Condé Nast, We Work, Droga5, Standard & Poor’s and Nielsen Company.

Once sparse in the restaurant department, the Financial District can increasingly hold its own when faced with the city's notoriously savvy foodies. A few neighborhood favorites include Dead Rabbit, a cocktail bar and restaurant inside an old Water Street building from the 1700s and the nearby Growler Bites & Brews, a craft beer bar inside an 1837 Dutch Revival building; as well as Capital Grill, Cipriani Wall Street and Tom Colicchio and Keith McNally’s 5 Beekman Street restaurants. Also high in the ranking are lobster joints, sandwich shops, Italian eateries and of course, Shake Shack.

HISTORY

The streets of the Financial District have seen more history in their storied lifetime than perhaps any others in New York City. The earliest Dutch settlement dates back to the early 17th century, conveniently situated on the southern tip of Manhattan for optimal access to both the East and Hudson Rivers. The newcomers set up a major trading and shipping post, which served ships from across the globe.

The area is also dotted with historic strongholds that trace their relevance back to the American Revolution. Formerly a restaurant and now a dedicated museum, Fraunces Tavern on the corner of Pearl Street and Broad Street served as the venue where George Washington negotiated peace treaties with the British troops and bid farewell to his Continental Army. Federal Hall on Wall Street hosted the very first presidential inauguration. Following the ceremony, George Washington attended a service at the nearby St. Paul's Chapel, which survived both the Great Fire in 1776 (thanks to a bucket brigade that ran from the Hudson to the chapel's rooftop), as well as the 9/11 terrorist attack in 2001, despite its location just across the street from the Twin Towers. The landscape of the Financial District changed drastically that day, both visibly and in memoriam. One World Trade now serving as an emblem of the area's triumphant reconstruction and ongoing development.

The Financial District’s unprecedented rebirth includes a range of new developments spanning the width of Manhattan’s southern tip, from the South Street Seaport to the World Trade Center. Upon completion, this latter development will include the already completed One World Trade, along with 2, 3, 4 and 7 World Trade Center, the Transportation Hub and shopping at the Oculus, the 9/11 Memorial & Museum, and the Performing Arts Center. Home to a premier mixture of intelligent and creative companies including Moody’s, Condé Nast, WilmerHale, BMI and MediaMath, the mega-development will continue to lease office space to prominent and promising corporations alike.

The ongoing mega-construction development of the area, alongside a myriad of new hotel openings like the Four Seasons at 30 Park Place, have yielded opportunity for new and veteran restaurateurs alike to open locations in the Financial District. Some of the newer standouts include Blue Ribbon Federal Grill, Le District, Hudson Eats, Eataly, CUT by Wolfgang Puck and more.

LANDSCAPE

The neighborhood encompasses the area between Chambers Street and the Brooklyn Bridge to the north, FDR Drive to the east, State Street to the south, and West Street to the west.

Served by a great majority of the city's major subway lines, the Financial District is supremely accessible. Large transportation hubs like the Fulton Center and Wall Street Station make for convenient travel around the city, and the ferry service allows for easy travel to Governor's Island and Staten Island. The state-of-the-art Oculus, the World Trade Center Transportation Hub that doubles as an architectural triumph, perhaps trumps them all.

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