Is the baby boom over in FiDi?

New York /
Aug.August 19, 2010 01:00 PM

Since its inauguration in the last couple of years as an epicenter for young families, developers in the Financial District have sought to mold it as a toddler-oriented mecca, a sort of southern Tribeca for clans that can afford it, the Observer reported. The $4.5 million Imagination Playground and good public schools continue to attract families, as do the European-feeling streets that are quiet as soon as the closing bell rings. But the “baby boomlet,” as the New York Times called it in 2009, seems to have crested in FiDi, with luxury rentals now more likely to be converted to hold roommates than playpens. According to resident Angela Tai, a creative recruiter originally from Taiwan, each FiDi high-rise has its own identity. Her own building, at 2 Gold Street, is in the mid-range — somewhere between 99 John Street, which is teeming with young children and families, and 200 Water Street, which is “like a “high-end dorm,” she says. Her own building is a good mix of people like her: “childless, but with some money — and dogs,” she says. In addition to the families and singles, amenities for older folks keep popping up in FiDi as well, such as Todd English’s Libertine at the Gild Hall hotel, and Bayard’s Blue Bar. [NYO]

 

Related Articles

arrow_forward_ios
 8 Spruce Street and Brookfield's Bruce Flatt (New York by Gehry, iStock, Brookfield)

Bad year: 1 in 5 units at Gehry skyscraper goes vacant

Bad year: 1 in 5 units at Gehry skyscraper goes vacant
90 William Street (Google Maps; iStock)

Court puts condo investors on the hook for shoddy construction

Court puts condo investors on the hook for shoddy construction
Four New York Plaza (Photo via Hines)

Four New York Plaza office tower hits the market

Four New York Plaza office tower hits the market
Sales prices in the Financial District prove to be an outlier in Lower Manhattan and the borough as whole (iStock)

Financial District sales price jumped 123% last quarter: report

Financial District sales price jumped 123% last quarter: report
161 Maiden Lane and Fortis CEO Jonathan Landau (Google Maps; Fortis)

Construction loan tied to “leaning” Seaport condo up for sale

Construction loan tied to “leaning” Seaport condo up for sale
175 Water Street and Nathan Berman of Metro Loft Management (Berman via CityRealty)

Inside Metro Loft’s new design for 175 Water Street

Inside Metro Loft’s new design for 175 Water Street
Nightingale’s Eli Schwartz and 111 Wall Street (Credit: Google Maps)

Nightingale, Wafra seek $860M to redevelop 111 Wall Street

Nightingale, Wafra seek $860M to redevelop 111 Wall Street
As Lower Manhattan’s sales and leasing volume slowed last quarter, prices and rents remained high. (iStock)

Home sales, leasing took a nosedive in Lower Manhattan in Q2

Home sales, leasing took a nosedive in Lower Manhattan in Q2
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...