Financial District | The Real Deal New York

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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

02/19/19
...loan on its new Marriott-branded hotel in the Financial District, nearly a year after the firm reportedly was on the hunt for new debt...

02/15/19
...purchase of the 493-unit 10 Hanover Square in the Financial District for $260.8 million...

02/15/19
...a new 10-screen multiplex at 28 Liberty in the Financial District. Other businesses at Acadia and Washington Square Partners-developed City Point, which opened in 2017, include...

02/11/19
...on the market. The Beijing-based company purchased the Financial District site about three years ago and is looking to sell it for roughly $300 million...

02/04/19
...retail lease in January was inked in the Financial District. 1) Life Time, 1 Wall Street, Financial District - 74,000 square feet The gym signed a lease...

02/01/19
...million square feet. 1) NYC Health + Hospitals, 100 Pearl Street, Financial District - 527,000 square feet The nonprofit signed a 24-year lease for 527,000 square feet of space...

...the title deed for two plots in the Financial District, the New York Times reported 119 years ago this month. The deal cost Alliance about...

01/24/19
...opened a 25,000-square-foot space at 26 Broadway in the Financial District in May. Meanwhile, Cowork|rs, which has six locations in New York, is looking...

01/22/19
...of the former Guardian Life headquarters in the Financial District, the Gural family and the Northwind Group are looking to bring a new equity...

01/21/19
...The Financial District Sales in the Financial District may be getting dragged down with the rest of the market, but rentals in...

01/21/19
...including 2 Washington Street, a 345-unit rental in the Financial District, and 3 Hudson Boulevard, a 2 million-square-foot office tower in Hudson Yards being developed with Boston...

01/18/19
...and Silverstein Properties’ 2 World Trade Center in the Financial District. — Meenal Vamburkar  ...

01/10/19
...landlord, Forest City New York. 10) Fluent, 300 Vesey Street, Financial District - 42,000 square feet The digital marketing company inked a lease for 42,000 square feet of...

01/09/19
...-story rental tower at 15 Cliff Street in the Financial District. Last July, Carmel acquired a $40 million Crown Heights development site from Cornell Realty Management...

01/09/19
...partial residential conversion of 2 Washington Street in the Financial District. The 31-story building is the northern half of the mixed-use complex known as 17 Battery...

01/09/19
...acquire a pair of rental towers in the Financial District, and in late 2014 provided a $115 million to finance the purchase of the Wimbledon apartment...

01/08/19
...properties, including condominiums at 20 Pine Street in the Financial District. Before the case went to trial, Veselnitskaya’s clients settled, and in February of...

01/08/19
...point. The couple own a one-bedroom in the Financial District and also rent a two-bedroom there. They’re considering relocating to Downtown Brooklyn and...

01/07/19
...the headquarters of Guardian Life Insurance in the Financial District a little more than a year ago, they knew they had their work cut...

...point. The couple own a one-bedroom in the Financial District and also rent a two-bedroom there. They’re considering relocating to Downtown Brooklyn and...

...including 2 Washington Street, a 345-unit rental in the Financial District, and 3 Hudson Boulevard, a 2 million-square-foot office tower in Hudson Yards being developed with Boston...

12/28/18
...fire in two commercial towers in Manhattan’s Financial District caused 7,000 workers to evacuate their offices 47 years ago this month. The 19th-century buildings at...

12/27/18
...Wall Street It looks like the Financial District is getting a new hotel. Actium Development Company filed a permit to convert a...

12/27/18
...a 35-story apartment building at 185 Broadway in the Financial District. 9. F&T Group Square footage: 1.4 million Number of projects: 4 F&T Group's...

12/25/18
...who bought a 15 William Street penthouse in the Financial District for $2.8 million in 2009 and sold for $4.5 million in 2016. “The exchange on currency alone made...

...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...

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...