Lower Manhattan BID Downtown Alliance marks 30 years amNewYork

"Lower Manhattan has made a very public comeback with the World Trade Center rising like a phoenix, but something else has been happening slowly. The area, long known as the Financial District, also has been in the midst of a commercial and residential renaissance, attracting many other industries as well including but reaching far beyond finance. The Alliance for Downtown New York (also known as the Downtown Alliance), which often quietly helped lead this renaissance, is celebrating its 30th anniversary"

"but these days so are fintech, fashion such as Hugo Boss and Gucci, and tech businesses like Uber, StubHub, and Spotify as well as Conde Nast, WPP, Wilmer Hale, Droga 5, Vox and HarperCollins. The area has become increasingly diverse in terms of industries, while attracting residents amid new construction and repurposing of buildings. Offices have been divided into residences, while three movie theaters, performance spaces such as the Perelman Performing Arts Center, and Michelin-starred restaurants now serve residents."

Lower Manhattan shifted from a predominantly 9-to-5 Financial District to a dynamic, round-the-clock neighborhood with diverse industries and growing residential populations. High-profile finance firms remain, while fintech, fashion, tech, media, and creative agencies have established offices. Residential conversions and new construction added about 20 million square feet of housing and increased residents from roughly 14,000 to about 70,000, alongside more than 40 hotels. Cultural amenities such as movie theaters, the Perelman Performing Arts Center, and Michelin-starred restaurants expanded. Tourism and the reimagining of the South Street Seaport contributed to the area’s economic and social revitalization.

Read at www.amny.com