The Financial District of Lower Manhattan, also known as FiDi, is a neighborhood located on the southern tip of Manhattan Island, where the City of New York itself originated in 1624. The district comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. Anchored on Wall Street in the Financial District, New York City has been called both the most financially powerful city and the leading financial center of the world, and the New York Stock Exchange is the world's largest stock exchange by total market capitalization. Several other major exchanges have or had headquarters in the Financial District, including the New York Mercantile Exchange, NASDAQ, the New York Board of Trade, and the former American Stock Exchange.
The neighborhood roughly overlaps with the boundaries of the New Amsterdam settlement in the late 17th century. The population of the Financial District has grown to an estimated 61,000 residents as of 2018, up from 43,000 as of 2014, which in turn was nearly double the 23,000 recorded at the 2000 Census.
Description and history
The Financial District encompasses roughly the area south of City Hall Park in Lower Manhattan but excludes Battery Park and Battery Park City. The former World Trade Center complex was located in the neighborhood until the September 11, 2001 attacks; the neighborhood includes the successor One World Trade Center. The heart of the Financial District is often considered to be the corner of Wall Street and Broad Street, both of which are contained entirely within the district. The northeastern part of the financial district (along Fulton Street and John Street) was known in the early 20th century as the Insurance District, due to the large number of insurance companies that were either headquartered there, or maintained their New York offices there.
Until the late 20th and early 21st century, the neighborhood was considered to be primarily a destination for daytime traders and office workers from around New York City and the surrounding areas. The neighborhood now has a growing number of full-time residents, to an estimated 61,000 residents as of 2018, over double the 23,000 recorded at the 2000 Census, with many buildings being converted from office space to apartments and condominiums after the September 11, 2001 attacks.
Although the term is sometimes used as a synonym for Wall Street, the latter term is often applied metonymously to the financial markets as a whole (and is also a street in the district), whereas "the Financial District" implies an actual geographical location. The Financial District is part of Manhattan Community Board 1, which also includes five other neighborhoods (Battery Park City, Civic Center, Greenwich South, Seaport, and Tribeca).
Points of interest
Federal Hall National Memorial, on the site of the first U.S. Capitol and the first inauguration of George Washington as the first President of the United States, is located at the corner of Wall Street and Nassau Street.
The Financial District has a number of tourist attractions such as the South Street Seaport Historic District, newly renovated Pier 17, the New York City Police Museum, and Museum of American Finance. National Museum of the American indian, Trinity Church, St. Paul's Chapel, and the famous bull. Bowling Green is the starting point of traditional ticker-tape parades on Broadway, where here it is also known as the Canyon of Heroes. The Museum of Jewish Heritage and the Skyscraper Museum are both in adjacent Battery Park City which is also home to the Brookfield Place (formerly World Financial Center).
Name Image Height
ft (m) Floors Year Notes
One World Trade Center 1,776 (541.3) 104 2014 Is the sixth-tallest building in the world and the tallest building in the United States since its topping out on May 10, 2013. It is also the tallest building in the Western Hemisphere and the tallest all-office building in the world.
3 World Trade Center 1,079 (329) 80 2018 Mixed use; opened in 2018.
4 World Trade Center 978 (298) 74 2013 Third-tallest building at the rebuilt World Trade Center and in the Financial District. The building opened to tenants in 2013.
70 Pine Street 952 (290) 66 1932 22nd-tallest building in the United States; formerly known as the American International Building and the Cities Service Building 70 Pine is being transformed into a residential skyscraper with 644 rental residences, 132 hotel rooms and 35,000 square feet of retail
30 Park Place 937 (286) 82 2016 Four Seasons Private Residences and Hotel. Topped-out in 2015 and completed in 2016.
40 Wall Street 927 (283) 70 1930 26th-tallest in the United States; was world's tallest building for less than two months in 1930; formerly known as the Bank of Manhattan Trust Building; also known as 40 Wall Street
28 Liberty Street 813 (248) 60 1961
50 West Street 778 (237) 63 2016
200 West Street 749 (228) 44 2010 Also known as Goldman Sachs World Headquarters
60 Wall Street 745 (227) 55 1989 Also known as Deutsche Bank Building
One Liberty Plaza 743 (226) 54 1973 Formerly known as the U.S. Steel Building
20 Exchange Place 741 (226) 57 1931 Formerly known as the City Bank-Farmers Trust Building
200 Vesey Street 739 (225) 51 1986 Also known as Three World Financial Center
HSBC Bank Building 688 (210) 52 1967 Also known as Marine Midland Building
55 Water Street 687 (209) 53 1972
1 Wall Street 654 (199) 50 1931 Also known as Bank of New York Mellon Building
225 Liberty Street 645 (197) 44 1987 Also known as Two World Financial Center
1 New York Plaza 640 (195) 50 1969
Home Insurance Plaza 630 (192) 45 1966