Soho’s saving grace

<i> Without throngs of Wall Streeters, one high-end neighborhood doesn't get hit as hard</i>

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From the October issue: If imitation is flattery, as the saying goes, Soho, the downtown
Manhattan neighborhood that gets its name from its location “South of
Houston Street,” has admirers far and wide. Indeed, many once-derelict industrial sections of U.S. cities, where
warehouses have given way to loft-style apartments, now boast similarly
styled names melded from the landmark points that make up their
location, whether San Francisco’s SoMa (“South of Market Street”) or
Denver’s LoDo (“Lower Downtown”). But buyers, particularly out of towners, haven’t forgotten the
original, which has fared better than other upscale parts of Manhattan
during the real estate downturn.

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