With its top-of-the-line schools, numerous transportation options, waterfront access, airy loft apartments, chic boutiques, and abundance of fine restaurants, plus a tranquil atmosphere and almost negligible crime levels, Tribeca is easily one of New York City’s most desirable neighborhoods.
In 2006, Forbes Magazine ranked Tribeca’s 10013 zip code as the 12th most expensive zip code in the country and the number one most expensive in New York City, so the downtown cheap apartment myth doesn’t apply here. Instead expect to find gritty old industrial factories converted into loft spaces, luxury high-rises and historic older buildings.
TriBeCa, which stands for the Triangle Below Canal Street, is bounded by Canal Street, Vesey Street, Broadway and Vesey Street.
From Cotton to Commerce
In the 19th and 20th centuries, Tribeca was known as the center of the cotton and textile trade. In the 1850s and 1860s, the area was known primarily as a commercial center with numerous store and loft buildings constructed along Broadway.
Notable buildings that were built in Lower Manhattan during this period include the Powell Building on Hudson Street, which was designed by Carrere and Hastings and built in 1892, the New York Telephone Company building at 140 West Street and a row of neo-Renaissance white buildings built at the end of the Civil War in 1865 and the former New York Mercantile Exchange at 6 Harrison Street.