NYC's Wall Street Becoming A Neighborhood

With the post 9/11 displacement of many financial firms, residents, along with restaurants and shops, have started to move into the area -- remaking the financial hub into a desirable place to live.

1 minute read

February 8, 2007, 1:00 PM PST

By Christian Madera @http://www.twitter.com/cpmadera

"The Financial District is following what has become a well-established pattern for New York neighborhoods: historical industries pull out, upscale development moves in. Banks and investment firms have been abandoning The Street for midtown for several years, and much like Soho and Tribeca before it, downtown Manhattan is transforming against all odds into a nice place to live. The September 11 attacks and the loss of the World Trade Center only accelerated the trend, tragically exposing the risk of concentrating so many of the world's leading financial firms. A large portion of the tax incentives and grants aimed at encouraging downtown rebuilding have gone to residential conversions."

FULL STORY: A Non-Random Walk down Wall Street

Thursday, February 8, 2007 in The American

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