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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

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...

10/02/17
...Park Place -- which is Tribeca or the Financial District, depending on whom you ask -- as too far south. “Most of my big...

09/29/17
...A suspicious fire devastated what is now the Financial District 241 years ago this month. The Great Fire of New York started around midnight on...

09/29/17
...-square-foot lease for a new clinic in the Financial District. Kofinas Fertility Clinic took the entire 14th and 21st floors at the Chetrit Group...

09/22/17
...and 100 Broadway (Credit: Northwood) Northwood Investors refinanced its Financial District office tower 100 Broadway with a $150 million loan from the Metropolitan Life Insurance Company. The...

09/21/17
...floodwaters surged into Greater Downtown Miami’s Brickell financial district and Coconut Grove, as well as Fort Lauderdale’s Las Olas Boulevard, Cervera Real...

09/20/17
...and Brooksville’s last collaboration – the purchase of Financial District rental buildings at 63 and 67 Wall Street last year. The 46-building, 5,881-unit Brooklyn affordable housing...

09/19/17
...Greenwich Street, a supertall condo project in the Financial District, sources told TRD that Bizzi & Partners would call the shots on 275-unit project...

09/14/17
...Irma lashed downtown Miami and the neighboring Brickell financial district with vicious winds and surging water that took out two construction cranes and flooded...

09/13/17
...New York City Department of Inspection, 180 Maiden Lane, Financial District - 276,000 square feet The government agency inked a lease for 276,000 square feet of office...

09/12/17
...a 40,600-square-foot lease at 123 William Street in the Financial District.  — Kathryn Brenzel...

09/07/17
...Williamsburg rental building at 424 Bedford Avenue and a Financial District office building at 110 William Street.  -- Konrad Putzier...

09/07/17
...M Development Partners at 25 Park Row in the Financial District, as well as a four-story building for Kaufman Astoria Studios at 36-02 34th Avenue...

09/07/17
...for two floors at 123 William Street in the Financial District. The agency plans to take 40,600 square feet on the 17th and 18th floors of...

09/06/17
...rental buildings at 63 and 67 Wall Street in the Financial District, and a management consultant for Blackstone Group's Kips Bay Court complex. MacArthur told the...

09/06/17
...Sachs’ former headquarters at 85 Broad Street in the Financial District. The firms' crown jewel is Salesforce Tower, also known as 3 Bryant Park, a 1.2 million-square-foot...

...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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