Looking at Lower Manhattan 10 years after Sept. 11 attacks

TRD New York /
Aug.August 11, 2011 10:04 AM

Lower Manhattan is one of the fastest-growing neighborhoods in the city, the Wall Street Journal reported. Once considered a purely commercial district, abandoned come closing time, some 56,000 people now live south of Chambers Street, double the number of residents than in 2001.

“After Sept. 11, downtown became a residential community,” said Tom Goodkind, a 22-year resident of Battery Park City. “It was odd.”

Government incentives have been an important strategy for keeping residents and drawing new ones to the Financial District, Goodkind said, as well as the ever-increasing pool of career opportunities in the area.

A report produced by pro-business group the Alliance for Downtown New York shows that Lower Manhattan has recovered almost all the jobs it lost after the 2001 attacks.

Lower Manhattan lost 754 companies and 65,000 jobs in the first two years after Sept. 11. Now there are some 309,500 people working downtown, about 4 percent fewer than before the attacks, the Journal said.

“There was a tremendous loss of community,” said Elizabeth Berger, president of the Alliance for Downtown New York. “The people that worked here and lived here never doubted that they would come back.” [WSJ]


Related Articles

arrow_forward_ios
25 Broad Street and renderings of interior units from Booking.com (Credit: Google Maps and Booking)

LCOR lands rental deal with Booking.com for empty condos

Fosun Property’s Bo Wei, Refinitiv’s David Craig and 28 Liberty Street (Credit: Getty Images, Google Maps)

Fintech firm signs on for massive lease at 28 Liberty

(Credit: iStock)

Sales plunge in FiDi but surge 32% in Battery Park City

180 Maiden Lane with Clarion Partners CEO David Gilbert (red) and MHP Real Estate Services CEO David Sturner (blue) (Credit: Google Maps, Clarion, MHP)

Clarion Partners group lands $372M refi on FiDI tower

Mary Ann Tighe

Mary Ann Tighe on Manhattan’s office boom of the 2010s

Hidrock CEO Abraham Hidary and 72 Nassau Street (Credit: Hidrock and Google Maps)

Hidrock buys FiDi dev site from former Helmsley partner

Lower Manhattan is tale of two markets: Rental demand is up as sales slow

Lower Manhattan is tale of two markets: Rental demand is up as sales slow

70 Pine Street and Goldman Sachs chairman Lloyd Blankfein (Credit: Wikipedia and Getty Images)

Goldman Sachs refis Art Deco apartment conversion at 70 Pine with $386M loan

arrow_forward_ios
Loading...