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Financial District

Financial District
New York, NY 10005

Financial District, also known as FiDi, is a neighborhood on the southern tip of Manhattan. Investment banks, the New York Stock Exchange, and the Federal Reserve Bank of New York, are located there. It is the site of Dutch settlement and has undergone successive transformations of population and urban use since the 17th century. FiDi has become more of a residential neighborhood in contrast to its strictly business character before the 2000s, when it would become deserted at the end of the business day. Precipitated by a recession in the early 1990s, developers converted millions of square feet of commercial space to residential. FiDi condominium-conversions include 40 Pine Street, where condos were carved out of the former offices of Chase Manhattan offices and 15 Broad Street, which Lev Leviev and Shaya Boymelgreen converted to 382 condos from the old JPMorgan Chase headquarters. The New York by Gehry at 8 Spruce Street rises 870 feet and has 898 rentals. Commercial development has also continued, before and after the September 11, 2001 terrorist attacks. Goldman Sachs opened a 43-story headquarters at 200 West Street in 2009 and Silverstein Properties is developing the new World Trade Center complex, including One World Trade Center, on the site of the former Twin Towers. Cond_ Nast, the publisher of Vogue and The New Yorker, has moved into 1 million-square-feet of space at 1WTC, and other media and advertising firms are following suit and moving downtown. -TA

  • Address Financial District
  • neighborhood Financial District
  • borough Manhattan

12/14/17
...the landlord. 3) McKinsey & Co., 3 World Trade Center, Financial District - 200,000 square feet The “big three” management-consulting firm signed a lease for 200,000 square feet...

12/13/17
...at 101 Wall Street, an office-to-condo conversion in the Financial District. Firm principal Alex Lari hosted an exclusive group of residential brokers to test out...

12/11/17
...in the Bronx. The company, based in the Financial District, had initially planned to construct a 250-unit development at 1755 Watson Avenue in Soundview, but...

12/11/17
...Financial District, The Real Deal has learned. There is no official asking price for the hotel...

12/10/17
...institutional investors, are letting their buildings in Zurich's financial district go empty rather than lower rents. The cause of the lower demand is not...

12/07/17
...construction work continues at the supertall in the Financial District...

11/15/17
...stake and will continue to manage the 425,000-square-foot Financial District property. Cushman & Wakefield brokered the deal. Chalme and Blanco bought the 36-story Art...

11/13/17
...tickets was written per parking spot in the Financial District, while the Upper East Side saw an average of 24 summonses per spot, according to...

11/09/17
...loan from First Republic Bank to refinance its Financial District skyscraper development 50 West Street. The mortgage is secured by 46 unsold units in the 191-unit...

11/07/17
...a new tenant at 28 Liberty Street in the Financial District. Travel website Booking.com signed a lease for 53,000 square feet in the mid-rise section...

11/07/17
...the 26-story building at 101 Greenwich Street in the Financial District, which it purchased with Bentall Kennedy in 2016 for $225 million from Kushner Companies and CIM...

11/06/17
...New York City Economic Development Corporation, 1 Liberty Plaza, Financial District - 220,000 square feet The quasi-government agency inked a lease for 220,000 square feet of office...

11/02/17
...Serhant. "I was doing one building in the Financial District and mostly little rentals," Serhant said during a recent interview with The Real Deal's...

10/24/17
Together, the top 10 biggest office lease deals in Manhattan made public during July totaled 1.22 million square feet, up 284,000 square feet from June,...

10/24/17
...the new 99-unit tower is really in the Financial District. “A lot of the developments in Tribeca have pushed way beyond Tribeca,” said one...

10/20/17
...penthouse for nearly $12 million, a record for the Financial District...

10/20/17
...for the two-story retail property 173 Broadway in the Financial District. Gindi already owns two adjacent five-story buildings at 175-177 Broadway, property records show. If...

10/18/17
...following a lease at 40 Exchange Place in the Financial District earlier this year. The company is taking floors three and four in the loft-style...

10/17/17
...it to refinance its office tower in the Financial District. The new mortgage reportedly replaces a $130 million loan from Canadian Imperial Bank of Commerce...

10/16/17
...restaurants and event spaces in Midtown and the Financial District. – Christopher Cameron...

10/11/17
...battle over the troubled condo conversion in the Financial District. In March 2014, Miller and Dong purchased 45 John Street for $60 million from Josh Zegen’s...

10/10/17
...Brookfield Property Partners’ One Liberty Plaza in the Financial District. The quasi-government agency, currently leading the city’s effort to lure Amazon’s HQ...

10/06/17
...Irma lashed downtown Miami and the neighboring Brickell financial district with vicious winds and flooded major streets, industry players told The Real Deal that...

10/03/17
...in-house. 5) Lewis Brisbois Bisgaard & Smith, 77 Water Street, Financial District - 100,952 square feet The law firm renewed and expanded its lease for 15 years and...

10/02/17
...Maps) Convene employees will soon convene in the Financial District instead of in Midtown. The meeting-space startup has signed a lease for 58,000 square feet...

...has at least six addresses across Manhattan’s Financial District, Chelsea and Hudson Yards neighborhoods that are currently receiving the 421a benefit and four...

...years ago to renew its focus on the Financial District, President Danny Hedaya said business is strong despite a slip in listings from 2015, which...

HPDM
01/06/16
...Downtown saw the most new development activity and Financial District home sales reached a record high. Residential New development 2015 year-end report: Halstead Property Development...

...end game. Leibowitz is in talks with one Financial District landlord about the possibility of repositioning a rental building for condo conversion. He believes...

10/22/15
...for Trinity Real Estate's 74 Trinity Place in the Financial District, where a 25-story, 300,000-square-foot residential and office tower is set to rise. The New...

...years, according to Corcoran Sunshine data, while the Financial District, with roughly 2,000 units, is “coming back with a vengeance,” said Mack. Midtown East and...

...in its purchase of 32 Old Slip in the Financial District for $478 million, and Murray Hill Properties’ and Clarion Partners’ acquisition of nearby 180 Maiden Lane...

08/04/15
...rise with 163 units at 34 Park Row in the Financial District. Joseph Moinian (who just built the largest residential rental tower in New York by...

...said President Danny Hedaya. “We started in the Financial District and that’s where we want to focus our attention.” Platinum snagged $41.3 million worth...

...nine projects. Town handled leasing on three large Financial District rental properties developed by DTH Capital and the late Ronny Bruckner, with another 200 units...

...has been likened to the high-density Canary Wharf financial district in London, has been underway for 20 years and contains some of Europe’s tallest...

...in 2012, set a price-per-square-foot sales record for the Financial District, according to Jonathan Miller, head of appraisal firm Miller Samuel. A single buyer bought...

...Lower Manhattan, it’s a big number. “The Financial District will always be a discount,” one insider said. The site, which has 360,000 square feet...

...last month, Elliman had 62 sales listings in the Financial District, or 36 percent of the total inventory in the neighborhood. By contrast, Corcoran had only...

...Plaza and 100 Broadway True to its name, the Financial District was historically the center of business in New York City. But when it comes...

...a 900-unit rental at 8 Spruce Street in the Financial District. Elliman is another firm swallowing up other companies. It purchased Bellmarc Property Management in...

...square feet at 1 New York Plaza in the Financial District. (The building was later hit by Hurricane Sandy and remained closed for several weeks...

...find space that works for them in the Financial District,” he said. The Downtown market was the only one to see a decline in...

...business runs the gamut from Harlem to the Financial District and from co-ops to new-construction condos. Indeed, it appears to be Core’s handling...

...Beaver House, a 47-story luxury tower in the Financial District; a stake in 11 Madison Avenue, a fully occupied Art Deco office tower; 737 Park Avenue...

...started doing deals at 15 Broad Street before the Financial District tower was built, flipping contracts for the developer. Then he moved into the building...

...far below the $37.68-per-square-foot asking rent in the Financial District submarket. Slone also said the free rent the building provided was in line with...

(Click chart below to view larger PDF)...

...only buyer to get a deal in the Financial District in the early 1990s. At the time, the area was pocked with vacancies, and...

...Water Street, a 576-unit Rockrose conversion in the Financial District, 15 percent of the current renters hail from the outer boroughs, "mostly Brooklyn," said Kathleen...
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Platinum Properties
...The average price for apartments in the Financial District reached nearly $1.3 million. On the rental side, prices dropped an average of 34 percent from...

Platinum Properties
...The Financial District saw record high prices in 2015 and a decrease in asking price discounts. Blended sales...

...Rents in the Financial District exceeded $4,000 for the first time, and grew 6 percent from the second quarter. Another notable...

Ariel Property Advisors
...accounted for 47 percent of all relocations to the Financial District between Q1 2011 and Q1 2015, and are driving up demand for Class A office space...

http://www.platinumpropertiesnyc.com/files/fdireports/Q12015.pdf
...Sales of Financial District apartments were stable in Q2 of 2015, although prices fell from the first quarter. The...

...First quarter sales in the Financial District fared well, with prices averaging $1.3 million, an 18 percent year-over-year increase, according to a quarterly...

...quarter of 2015 were in Downtown Manhattan, and the Financial District was the most active neighborhood in the borough.  Nearly 300 units closed or were in...

...exceeded $1 million for the first time in the Financial District. Sales for a FiDi apartment averaged $1.1 million in 2014,  a 10.3 percent increase from the previous...

MNS
...from December. Cost increases were highest in the Financial District and SoHo, where rent increased 13 percent to $4,322. View the full report online here. January...
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