Financial District/Wall St/Battery Park City
Financial District residences, including Battery Park City, are relatively quiet and peaceful. The daytime, of course, is filled with the bustle of business and the area tends to attract residents who also work downtown.
On weekends, people tend to gather at Battery Park or South Street Seaport. This part of town offers Majestic River and city views and the luxury apartment complexes offer the most modern of amenities. Battery Park City is a huge draw to all including families with its almost suburban feel.
While it suffered a temporary setback after September 11, this area is once again flourishing and often space is relatively affordable as the area continues to encourage residents back downtown. Truly one of the most spectacular places in New York City, the Financial District, with the Seaport and Battery Park City at its sides, is a treasured gem.
The Financial District, located in the borough of Manhattan in New York City, is a neighborhood on the southeastern side of Manhattan 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. The World Trade Center existed in the neighborhood until the September 11 attacks and is currently being rebuilt. The neighborhood roughly overlaps the boundaries of the New Amsterdam settlement in the late 17th century and has a residential population of about 56,000.
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 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 who were either headquartered there, or maintained their New York offices there.
Previously, 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 2008 showing that there were approximately 56,000 people living in the area, a jump from the 15 to 20 thousand living there before 2001, with many buildings being converted from office space to apartments and luxury condominiums during the 1990s and 2000s.
It also has a growing number of tourist attractions such as the adjacent South Street Seaport Historic District, 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.
Landmark Buildings and Distinguished Addresses