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Manhattan
Financial District
Wall Street: It's not just for bankers anymore. After years of hype, the Financial District -- call it FiDi, if you'd like -- is finally living up to its promise as a residential neighborhood.
Conversions that began in the late 1990s now offer a variety of options, including ultra-luxe residences like Downtown by Philippe Starck (15 Broad St.), the Setai (40 Broad St.) and the Cipriani Club Residences (55 Wall St). New construction dots the area, too, drawing well-heeled newcomers to buildings like the W New York Downtown (123 Washington St.) and the William Beaver House (15 William St.), where sales prices have topped $3,500 per square foot.
The transformation of the nabe has also drawn high-end retailers, such as Hermes (15 Broad St.) and Tiffany & Co. (37 Wall St.).
Even with all this luxury, FiDi offers a lot of bang for the buck. Relative bargains can be had in many new buildings, where prices are often $1,000 a square foot or less. Rentals, too, trade at lower rates than the rest of Manhattan, and typically offer more space and better amenities than other downtown neighborhoods like SoHo and TriBeCa. And while some of the daily amenities might be lacking -- as of early 2008, Gristedes was the area's lone grocery store -- residents are well positioned to score bargains at discount department store Century 21.
SWINGING AT 15 CPW
August 14, 2008 -
Now that Alex Rodriguez is moving on with his personal life, we hear the Yankee slugger is getting serious about a statuesque, high-priced model across town from his likely-to-be-listed Trump Park...more >
FINANCIAL DISTRICT
$649,000
July 31, 2008 -
Bedrooms: 0 Bathrooms: 1 Square feet: 860 Maintenance: $1,039With fewer walls but more square feet than the average one-bedroom, this loft studio on Hanover Square with 16-foot ceilings is...more >
BATTERY UP
DOWNTOWN'S GREEN GIANT KEEPS GROWING
July 31, 2008 -
Nine months ago, Neil Zachs and his wife Lisa purchased a condo in Battery Park City's Hudson View West on Albany Street. They intended to use it as pied-a-terre. But come fall, it will become...more >
TO FIDI FOR
24 PERK-FILLED HOURS IN THE FINANCIAL DISTRICT
July 24, 2008 -
When we think of the Financial District, we think suits, tourists looking for Ground Zero and streets that are desolate at night. But with a slew of new condo and rental buildings, developers hope...more >
FINANCIAL DISTRICT
$729,000
July 17, 2008 -
Bedrooms: 1 Bathrooms: 1 Square feet: 775 Common charges: $806 -- You know a neighborhood is truly trendy when the name is shortened to a catchy portmanteau - so, welcome to FiDi! On Pine...more >
REALITY BITES
AS MARKET SHIFTS, CONDO BUILDINGS REMAKE THEMSELVES TO MOVE UNITS
July 10, 2008 -
What a difference a year makes. Last August, Predential Douglas Elliman marketing director Whitney Gollinger was quoted in the Brooklyn Daily Eagle talking up the family-friendly features of...more >
NEW ON THE MARKET
THESE EYE-CATCHING BUILDINGS ARE READY FOR THEIR CLOSE-UP
April 10, 2008 -
HL23, Chelsea It took seven different zoning requirement modifications for Chelsea's gravity-defying HL23 to get approved by the city. Designed by LA-based Neil M. Denari Architects, the...more >
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