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LOWER MANHATTAN: NEW YORK’S 21ST CENTURY CROSSROADS Dynamic. Flourishing. Evolving. Lower Manhattan is changing rapidly, as more and more businesses and residents move south of Chambers Street, infusing this globally recognized business district with unrivaled energy. Home to hundreds of thousands of workers, one of New York’s most affluent and fastest-growing residential communities and a thriving international tourist destination – this kinetic square mile at New York’s southern tip has something for everybody. At the center of a regional, multi-modal transportation network, the district has experienced a dramatic transformation, with $30 billion of capital investment in transit, new office and residential towers, retail space, hotels, parks, and cultural institutions. It’s no longer business as usual in Lower Manhattan. Forget about 9 to 5 – Lower Manhattan is hopping 24/7. Fabulous stores, hot new restaurants, cozy coffee shops and inviting public parks play host to financiers and power brokers alongside a savvy tech and media crowd — and students and young families. With $5.8 billion in annual buying power, the Lower Manhattan market is on track to become New York City’s premier retail destination. Come and see what all the buzz is about. Amazing things are happening. 3
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KEY FACTS
ANNUAL SPENDING POWER OF THE LOWER MANHATTAN MARKET: $5.8 BILLION LOCATION
• Southernmost tip of Manhattan • South of Chambers Street • 1 Square Mile • 86 Million Square Feet of Office Space • 557 Stores and Storefront Services • 492 Bars and Restaurants PRIMARY MARKET AREA
• Population: 62,000 • Total Households: 31,000 • Average Household Income: $205,000
GREATER MARKET AREA (3-Mile Radius)
• Total Households: 370,000 • Average Household Income: $129,000 EMPLOYMENT
• Total Employment: 312,000 • Average Employee Annual Wage: $122,000
• Major Industries: Media, Financial
Services, Insurance, Real Estate, Government, Professional Services, Creative Services, Technology, Nonprofit
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STUDENTS
• K-12 Public and Private Schools: 21 • Total K-12 Student Enrollment: 11,400 • Institutions of Higher Learning: 23 • Total Enrollment at Institutions Of Higher Learning: 50,000
VISITORS AND TOURISM
• Annual Visitors: 14.9 Million* • Hotel Rooms: 5,100 • Hotels: 22 MASS TRANSIT
• Total Annual Transit Ridership: 127 Million
• 12 NYC Subway Lines • 30 Bus Routes • 6 Ferry Terminals & 13 Routes • PATH Train to New Jersey • 28 CitiBike stations • Free Circulator Bus (Intra-District) * Statistic
reflects Westfield’s 2017 projection
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LOWER MANHATTAN: AMAZING THINGS ARE HAPPENING Lower Manhattan is undergoing an incredible metamorphosis. From the opening of One World Trade Center — the tallest office building in North America — to two new game-changing transit hubs to a stunning, brand new waterfront esplanade on the East River to the blossoming of a robust media and technology sector – nearly every corner of Lower Manhattan’s landscape is being remade. The cumulative impact of $30 billion in public and private investment over the last 10 years is materializing and mesmerizing. 2014 was a headline year. The openings of towers 1 and 4 at the World Trade Center added another 5.3 million square feet of new space to the office market. Tower 3 will bring another 2.5 million square feet in 2018. Fulton Center’s opening became the marquee project among $6.4 billion of new transit infrastructure in the district. The National September 11 Memorial Museum welcomed more than 1 million visitors in the seven short months since its opening in May 2014. And more great things are just over the horizon. By 2018, Lower Manhattan will see another 1,380 new housing units. There are 2,813 new hotel rooms now under construction in 15 hotels, including Aloft Hotel, The Four Seasons Downtown New York and The Beekman Hotel. One World Observatory, on floors 100-102 of One World Trade Center, will open in spring 2015 — joining the district’s plethora of attractions and drawing millions of additional visitors. The potential for increased consumer spending is vast. How will Lower Manhattan meet the surge of demand? With 1.8 million square feet of new retail and dining possibilities. Lower Manhattan’s next chapter has begun. 7
WHO’S HERE NOW The market is heating up downtown, as major national and international brands contribute to the remaking of Lower Manhattan. In response to the rapid growth of residential and worker populations, the expansion of transportation options and the arrival of more and more tourists, many well-known and savvy retailers have already established a presence here. From high-end shops to boutiques to popular chains, the constellation of quality brands is varied and rich: Hermès and Burberry, Equinox and Soul Cycle, Zara and Urban Outfitters, Financier Patisserie and Gregory’s Coffee, Tiffany and Century 21 — just to name a few. Spending power in the area is strong and on the rise, and the time is ripe for a retail boom. Pioneering brands have a unique chance to be part of something big in Lower Manhattan. The time is now.
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WHAT’S IN STORE FOR LOWER MANHATTAN 11
NEW DEVELOPMENTS: Opening in late 2015, Westfield World Trade Center will emerge as an iconic destination, offering a global collection of fashion, dining and cultural offerings with an unmistakable New York sensibility. The center will host a curated mix of 150 world-renowned fashion, lifestyle and technology brands. It will also feature an exquisite compilation of dining opportunities and guest experiences powered by state-of-the-art technology. Hugo Boss, Desigual, Zadig & Voltaire, John Varvatos, Michael Kors and Eataly, the famed Italian marketplace, are a sampling of the many tenants that have signed on. Anchored by The Oculus, designed by famed Spanish architect Santiago Calatrava, Westfield World Trade Center will be a 365,000-square-foot worldclass destination with a major street-level presence along Church Street, Cortlandt Way and Dey Street, including three stories of retail in Towers 3 and 4. At Westfield World Trade Center, the opportunities for connectivity are endless. With various modes of transportation, including 13 rail lines, no place in New York City has ever felt so central.
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NEW DEVELOPMENTS: Brookfield Place is the height of luxury shopping, dining and cultural arts in Lower Manhattan. The center is uniquely positioned just south of Tribeca along the Hudson River waterfront. International fashion houses —including Hermés, Salvatore Ferragamo and Ermenegildo Zegna — and top brands, such as Theory, Michael Kors, Diane von Furstenberg, Vince, and Paul Smith, will open in 2015. 2016 will see the debut of a 75,000-square-foot Saks Fifth Avenue department store, which will anchor the entire project and revolutionize the luxury shopping experience in Lower Manhattan. Best-in-class dining options include: recently opened Hudson Eats, a collection of 14 chef-driven fast-casual eateries; Le District, a 30,000-square-foot French-inspired marketplace; and six signature restaurants, including L’Atelier de Joël Robuchon, Amada and Parm, which will provide al fresco dining. This will all be complemented by Arts Brookfield, an elite arts and events program offering exceptional cultural experiences.
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NEW DEVELOPMENTS: Opened in November 2014, the MTA’s $1.4 billion Fulton Center has become one of Lower Manhattan’s great public spaces. Combining a state-of-the-art transportation hub with shopping, dining and office space, the site will offer 65,000 square feet of commercial possibilities. The complex will improve connections between 9 subway lines and five existing subway stations and will serve 300,000 commuters, residents and tourists each day. The Fulton Building is a distinguished new LEED-certified building designed by ARUP and Grimshaw Architects. The building is organized around a grand civic space, defined by a glass-topped atrium with a distinctive cable net sculpture. Two floors of retail below ground, open retail areas at street level, and two glassenclosed upper floors will serve members of the Lower Manhattan community and transit riders alike. An extensive digital media program offers creative advertising opportunities within the Center. This transportation center also incorporates the Corbin Building, listed on the National Register of Historic Places. The ground floor provides a prominent retail space fronting on Broadway and John Street, as well as a major entrance to the Fulton building. The upper floors of the building have been leased to a single office tenant.
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NEW DEVELOPMENTS: A reimagined South Street Seaport will create a spectacular New York experience. Pier 17 is being converted into an extraordinary commercial and public space, providing Lower Manhattan’s workers, tourists and rapidly growing residential population with a welcome community anchor. The development plan includes 365,000 square feet of a unique mix of retail, dining and entertainment options. These will be highlighted by a one-and-ahalf-acre rooftop, including a top-notch restaurant, two outdoor bars and an amphitheater that will hold up to 4,000 people for concerts and special events – becoming a premier boutique entertainment venue. The pier will showcase stunning views of New York Harbor, the Statue of Liberty, the Brooklyn Bridge and Lower Manhattan. The grand reopening is planned for 2016. Along with the rooftop destination, the new Pier 17 building will feature a glass façade encompassing a compelling array of stores, restaurants and neighborhood shops. The adjacent Fulton Market Building, scheduled to open in spring 2015, will feature iPic Entertainment, an eight-screen, 500-seat luxury movie theater. The contemporary design draws from the site’s history as a thriving marketplace and renowned maritime port with the goal of creating a magnificent gathering place and unrivaled waterfront access that is available to all.
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NEW DEVELOPMENTS: DYNAMIC POSSIBILITIES In Lower Manhattan, opportunities for new stores come in all shapes and sizes and are around every corner. Exciting possibilities go far beyond the four big upcoming development projects. No less than 1.8 million square feet of retail space is on the way in numerous individual locations across the district - starting with Westfield World Trade Center, Brookfield Place, Pier 17 and includes almost every block in between. Several different buildings are undergoing major improvements at the same time, as the Lower Manhattan retail frontier continues to expand in spaces old and new. Rose Associates is converting the art deco trophy building at 70 Pine Street into 644 rental apartments and 132 extended-stay apartments; the renovated building will also include 35,000 square feet of new retail space. The former Verizon building next to the World Trade Center at 140 West Street will become a mixed-use facility with commercial offices, residential units and 91,000 square feet for retail. At the crossroads of Lower Manhattan, adjacent to Fulton Center, L&L Holding Company is creating 77,000 square feet of new and repositioned retail space at 222 Broadway and 195 Broadway, of which Zara and Anthropologie already have committed. The Dermot Company and Poulakakos Family have created a 28,000-square foot restaurant complex on the water with views of the Statue of Liberty called Harbor House at Pier A with a biergarten, oyster bar and 100-seat fine-dining restaurant. At 1 New York Plaza, Brookfield Office Properties is repositioning 42,000 square feet of retail in the concourse level of this 2.56 million-square-foot building that overlooks New York Harbor.
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The potential is everywhere — in buildings that are historic and grand and in those that are modern and open. Space is plentiful and adaptable and can accommodate the needs of stores and restaurants big and small.
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WHO SHOPS IN LOWER MANHATTAN?
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WORKERS Every day, over 312,000 employees fill the streets of Lower Manhattan. With an average annual wage of $122,000, they are hungry for more shopping, dining and personal services.
With over 86 million square feet of office space, Lower Manhattan is one of the largest and most active business districts in the country. And with 7.8 million square feet of new space coming online at the World Trade Center site through 2018, the number of workers – and potential shoppers – in the district will reach new heights in the years ahead. Lower Manhattan’s workforce is becoming bigger and represents an increasingly diverse group of industries. Technology and media companies are setting up shop here in droves. The number of technology, media, advertising and information (TAMI) companies stands at over 800 today; the workforce has seen a 71% increase in TAMI employees since 2010, reaching almost 29,000 by yearend 2014. These newcomers are energizing the neighborhood and bringing more buying power and a varied gamut of tastes and retail habits. Among the media and creative companies that have recently signed on south of Chambers Street are publishing titans Condé Nast and Time, Inc., media and technology agencies GroupM and Mediamath and advertising firm Droga5. Hudson’s Bay Company and Revlon lead the pack with new companies to the neighborhood specializing in fashion and beauty. The district’s 8,836 employers span a wide range of other industries as well, including Finance, Insurance, and Real Estate; Professional Services; Government; Education and Not-for-Profits. While the creative services and technology sector continues to grow, Financial Services remains Lower Manhattan’s signature industry — with major companies including Morgan Stanley, Standard & Poor’s, American Express, Goldman Sachs, Deutsche Bank, and Bank of New York Mellon anchored in the district. The area is also home to numerous law firms and government offices, as well as a steadily growing roster of leading nonprofits such as UNICEF and Teach For America.
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RESIDENTS With 62,000 residents and an average household income of $205,000, Lower Manhattan is one of New York City’s most affluent and fastest-growing neighborhoods.
Highly educated, affluent and well-traveled, the people who call Lower Manhattan home span a wide demographic – from hip, young singles, to couples and families, to empty nesters looking to enjoy their golden years. One of New York City’s fastest growing neighborhoods, the area has seen a doubling in residents since 2001. An estimated 62,000 people live in 30,500 units south of Chambers Street. As the population grows, residents have shown a strong commitment to the area. Many who moved here as renters ended up buying homes. Almost two-thirds have lived in Lower Manhattan for five or more years, and the overwhelming majority plans to stay for at least the next three years. Many residents hold high-paying jobs, and the average household income is $205,000. The Finance, Insurance and Real Estate sector employs 26 percent of the population; Creative Services and Business Services each employ 17 percent. The area is home to a sizeable community of entrepreneurs, with 23 percent of residents identifying as self-employed. An estimated 22 percent of those living here own a second home. Lower Manhattan is increasingly popular among families with children, and new schools – both public and private – have popped up to meet the rising demand. Almost 7,000 teenagers are enrolled in high school. But the students aren’t all locals – private Léman Manhattan Preparatory School and the prestigious public schools, Millennium High and Stuyvesant High, are attracting top achievers from around the city. Education is a top priority for all ages. On average, 80 percent of residents have a college degree, and 40 percent have done post-graduate work. By comparison, across New York City, 34 percent of residents have a college degree.
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VISITORS By 2017, approximately 14.9 million visitors are projected to visit Lower Manhattan.*
Tourists are flocking to Lower Manhattan. What other neighborhood is home to so many iconic attractions? The Statue of Liberty, Ellis Island, the New York Stock Exchange, the Brooklyn Bridge, the Federal Hall National Memorial, the South Street Seaport and the National September 11 Memorial are all downtown. The area is projected to have 14.9 million tourists in 2017.* The neighborhood’s winding streets, monuments and museums, extraordinary harbor views and waterfront activities, classic architecture, stores and restaurants all add to the allure of Lower Manhattan. The National September 11 Memorial Museum has welcomed more than 1 million visitors in just seven short months after opening in May 2014. One World Observatory, on floors 100-102 of One World Trade Center, will open in spring 2015 and is projected to draw more than 3 million annual visitors. These two attractions will become preeminent New York City tourist destinations, joining the likes of Times Square and Central Park. Among the many sights visitors can take in is Governors Island. The 172-acre island in the heart of New York Harbor is undergoing a complete transformation and is one of New York’s great outdoor experiences. All this tourism activity has attracted the attention of the hotel industry, sparking a hotel building blitz in the last several years and adding new brands, ranging from luxury to boutique to budget. Today, there are 5,100 rooms in 22 hotels in the district, triple the number of hotels that existed 10 years ago. The development boom continues with 16 additional hotels scheduled for completion by 2016, which will bring the inventory to 8,146 rooms in 38 hotels. * Source:
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Westfield
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STUDENTS Lower Manhattan boasts 23 academic institutions with a combined annual enrollment of over 50,000 students.
Education is a booming industry in Lower Manhattan and expands the daytime population by tens of thousands. The student headcount includes those in undergraduate, graduate and continuing education programs. Every segment is growing fast. Lower Manhattan is a center of higher and continuing education. In addition to the main campus of Pace University and the Borough of Manhattan Community College (BMCC), Lower Manhattan’s institutions of higher learning also include New York University’s School of Professional Studies and Polytechnic School of Engineering and City College of New York’s Center for Worker Education. In the past year, several more — including Nyack College, The New York Film Academy, Institute of Culinary Education and the Flatiron School — have relocated some or all of their operations to the district. In total, 23 institutions offer training and degree programs that have a combined enrollment of more than 50,000 students annually. Pace University has mirrored the transformation of Lower Manhattan, with a growing residential student population, diversified academic offerings and significant capital improvements. In the fall of 2013, Pace opened another student dormitory at 180 Broadway and has an additional dormitory opening fall 2015 at 33 Beekman Street. These buildings will bring the number of Pace student residents to almost 3,000 — great news for retailers who might like a piece of the $68.4 million spent by the Pace University community in off-campus activities each year.
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SUBDISTRICTS OF LOWER MANHATTAN
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Statue Cruises
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Pier 15
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SOUTH LAN STREET E SEAPORT & WATER STREET
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PLACE
FULTON STREET
JOHN
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3 WTC
Pedestrian Bridge C E D A R
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1 WTC
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Underground Pedestrian Passageway
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CHURCH STREET
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ROCKEFELLER PARK
CIVIC CENTER
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Governors Island Ferry
1 Staten Island Ferry
GOVERNORS ISLAND
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9. Jamba Juice
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10. Equinox 11. Game Stop 13. Aroma Café
PLACE
NORTH (Opening 2016) COVE
2 WTC
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A. Four Seasons Downtown New York
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NY Waterway
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Underground Pedestrian Passageway
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17. Racines NY
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16. Kaffe 1668
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14. Soul Cycle 15. McDonald’s
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12. Pret A Manger
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8. The Palm Tribeca
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7. Le Pain Quotidien
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4. Whole Foods
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2. Babesta 3. Amish Market
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RIVER
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1. Chipotle
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RETAILERS INCLUDE:
STREET
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TRIBECA SOUTH
CHAMBERS
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CKEFELLER PARK
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SUBDISTRICT:
CHURCH STREET
WASHINGTON MARKET PARK
STREET
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24. Gregory’s Coffee 25. Lenny’s
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21. My.Suit 23. Stone Street Restaurant Row
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C. Andaz Wall Street
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B. Doubletree by Hilton New York City - Financial District SHI
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PLACE
13. Canali
GE
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BATTERY
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9. BMW
10. Dig Inn
WILLIAM
EXC
8. Tumi AMES STREET
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33. Financier Patisserier
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7. L a Maison du Chocolat
29 18 WALL STR EET 2,3 4 5 67 8 9
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31. Chop’t S TOR 1 N,R REC Retro Fitness 32.
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30. Chipotle
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4. Tiffany & Co.
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3. Hermès
THAMES
28. Fraunces Tavern
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2. The Capital Grille
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27. Shorty’s S T R E E TCheesesteaks
STR
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STREET
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1. Equinox
T REE
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RETAILERS INCLUDE: ALBANY
CEDAR
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SHI
CEDAR
TRINITY
WA
Pedestrian Bridge
GRE
FINANCIAL DISTRICT
ID
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LIBERTY STREET
BROADWAY
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SUBDISTRICT:
MA
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4 WTC
NASSAU STREE
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N,R C O R T L A N D T
Governors Island Ferry
1 Staten Island Ferry
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C. Holiday Inn New York City - Wall Street
MORRIS
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PLACE
PLACE E C O N D 2016) B. Hotel IndigoS(opening
BR
NEW
BATTERY
PLACE
A. Marriott Residence Inn Manhattan World Trade Center
FIRST
12
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GE HAN W
EXC
W22. E S TAnthropologie T H A M E S S(coming T R E E Tsoon)
SOUTH COVE
STREET
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21. New York Sports Club
THIRD
STREE
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J,Z
CE R P L A Coffee 20. Gregory’s RECTO
HOTELS:
PINE STREE
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23. Saks Off Fifth (coming soon)
R STR E
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WALL
4,5
ST
RTY
12
REET
TT
ON
19. Radio Shack
OR RECT
NE
PLA
ST
Pedestrian Bridge
18. City Sports
4
LIBE
LA
AM
16. Chipotle 17. Urban Outfitters
THAMES
EN
LI
END AVENUE
EET
H
STREET
EET
UT
CARLISLE
(coming soon) Y 15.N Zara
9 5
PLACE
STREET
STR
SO
ALBANY
STR
TERY 13. Loft ARK 14. Nine West E E T ITY STR
STREET
ID
IL
ON
ICH
NGT
12. Duane Reade (3)
CEDAR
ENW
SHI
CEDAR
11. Modell’s
A ALB
GRE
WA
Pedestrian 9. Men’s Wearhouse Bridge 10. Gap (coming soon)
TRINITY
LIBERTY STREET
MA
W
7. Sunglass Hut
C 5
T
H
6. Pret A Manger (2)
5
STREE
WILLIAM
23
10 A B 11 1
JOHN
UT
ET
4 WTC
CORTLANDT
17
L
L
RE
N,R
8 7 6
T
2,3
J,Z
FULTON CENTER
SO
ST
2
4. JoS. A. Bank
8. Aldo
ANN STREET
EE
DUTCH
DEY
3 WTC
5. Starbucks (5)
N S TR
FULTON STREET
4,5
5 22
TRANSPORTATION HUB
3. Staples
A,C
NASSAU STREET
RETAILERS INCLUDE:
Underground Pedestrian 1. Sephora Passageway 2. Century 21
MA
15
2 WTC
1 WTC
BROADWAY
ST
BROADWAY
EK
WILLIAM
STREET
BE
E
21 3
TH
VESEY
STREET
EA
WAY
N
SUBDISTRICT: WE
LD
BARCLAY
C
O
E
N
T
IE
S
S
L
IP
SUBDISTRICT:
BRO N,R W O
RU
CE
ST
RE
TR
C ANN STREET
23456789
19. 55 Fulton Market 20. Smashburger 21. Zeytuna CEDAR
STREET
23. Oren’s Daily Roast 24. Magic Mix Juicery
ID
RE
21
15
MA
T
EN
LIBE
LA
NE
PLA
TT
A
E
17 12 STR
EET
16 D
RTY
THAMES
HOTELS:
38 D.
E.
T
REET
Four Points by Sheraton R S2015) O(opening
ECT AKA Wall R Street (opening 2015)
WALL
4,5
2,3
MAI CEDA
R STR E
ET
PINE STREE T
STREET
J,Z H
A
NGE
JO
TCH
TER
C. Aloft Hotel Manhattan Downtown Financial District (opening 2015)
8
FLE
A. Gild Hall - A Thompson Hotel B. The Beekman Hotel (opening 2015)
ST
STREE
A
N
O
V
HN
ER
DE
EET
18. B arnes & Noble at Pace University
JOHN
STR
CORTLANDT
17. Stout
BROADWAY
15. Godiva
O
F
14. New York & Company
LT
E
IF
FULTON CENTER
DEY
CL
13. Denny’s
STREET
12. Crunch
19 FU
FULTON STREET 10 24 2,3 20 1 J,Z 22 14 23 11
WILLIAM
4,5
BE
DUTCH
11. Les Halles
NASSAU STREET
10. Burger King
ET
RL
EA TH
A,C
RE
EET
N S T
STR
MA
D
EK
E
BE
GOL
B
ET
ET
SP
WILLIAM
LE AL
5. GRK
22. Financier Patisserie
18
Y
4. Hale and Hearty
9. Bareburger
DGE
A
3. Potbelly Sandwich Shop
8. Chipotle
D
R
1
7. Melt Shop
MA
13
K P
2. CVS
6. Au Bon Pain
BRI
FRANKFORT STREET
R
2,3
1. Starbucks (2)
CITY HALL PARK A
RETAILERS INCLUDE:
16. Harry’s Italian
YN
PE
FULTON STREET
OKL
DI
SO
P
STREET
N,R
BRO
K
R
DO
ET
IT E
ICH
H
NGT
ST
A L
ON
RI
ON
E
AM
LI
ST
IL W
E ON DG
E
C
O
E
7
6
ET
RE
ET
RE R
ST P
T
WA
TE
LI
FR
LAN
5
R D ET RIV E
Hornblower
ST
RE
STR NE
Pier 15
PINE
H
NT
ER
E
UT SO
UV
20
C
EET
Pier 17 (closed for redevelopment through 2016)
T
EET
2
12
GO
UR
East River Ferry Pier 11
12
H UT SO
D
ET
RE
RL
R
EET
E
M
EL
STR
FRO
V
A
FI
E
ER
T
27
SOUTH STREET SEAPORT
EE
TCH
B S
DGE
EE
26
21
6
ST O
LI
RK
ET
ET
A
V
RE
H
ENW
SHI
M
ER
ST
W
GRE
WA
4,5
R ST
D
ET
A BE
23. Superdry
N
IL
OA
STRE
22. Abercrombie & Fitch MORRIS
GE
BR
NEW
21. Guess
HAN
A
W
EXC
FLE
CK
BRI
R S TR
27 27
N
EET
H
19. Juice Generation 20. Trading Post
RL F IF
N,R
17. Tres Carnes
ST
EET CL
J,Z
18. Soul Cycle
PE
VE
27
22 23 12 JO HN 24 25 3 ST R
TER
EET
MA
6 11 14 9 10 12 D E N CEDA 13 R STR 8 EET 4 1 PINE STREE T
WALL STRE ET 2,3
R Chicken 16.RFields S TGood
EK
MAI
STR
PLACE
EET
15. Potbelly Sandwich 4,5 Shop
EET
15 -19
RL
STR
14. Chipotle
39
STR
PEA
ICH
13. Au Bon Pain
WILLIAM
ENW
THAMES
24. Ambrose Hall
TT
C. Fairfield Inn New York Manhattan/Financial LIBE RTY District
12. Starbucks (4)
1
PLA
A
ON
STR
NE
A
LA
LT
PE
B. J ade Hotel Seaport MA (opening 2015) I D E N
11. Jersey Mike’s
ECTO
D
A. Hampton Inn JOHN STREE Manhattan-SeaportT Financial District
NASSAU STREET
TRINITY
GRE
C E Hale D A R and S THearty REET 10.
DUTCH
HOTELS:
8. Roti Mediterranean S T R E EGrill T 9. Ramen.Co
FU
2,3
J,Z
BROADWAY
Complete Body
BE
STREET
STREET
4,5
ET
WA
27. South Street Seaport F URow LTON Restaurant
5. Watermark Bar & Grill C 4 W T 7.
STREET
RE
GOL
TR
EA
TH
26. iPic Theaters A,C (opening 2015)A N N
DEY
DT R T L A N(3) 6. Duane N,R C OReade
N S T
WILLIAM
LE
AL
3. Roast Kitchen
MA
25. Haagen-Dazs
1. Dig Inn
NSPORTATION HUB 4. Chop’t
EK
E
RETAILERS T R E EINCLUDE: T 2. Gregory’s Coffee
BE
ET
EET
RE
STR
ST
PEA
CE
Y
A,C,E
YN
FD
RU
STR
SOUTH STREET SEAPORT & WATER STREET
SP
OKL
ON
O
FRANKFORT STREET
R
2,3
W
C I TY HA L L P AR K P
SUBDISTRICT:
A
TREET
MA
OL OL
D S L
D S L
IP
Seastreak
IP
New York Water Taxi N
T
IE
S
S
L
IP
VIETNAM VETERANS MEMORIAL PLAZA
EAST RIVER
IN ON
STREET
STREET 2 WTC
Temporary
DEY
14
N,R C O R T L A N D T
ET
4 WTC
PLACE
8
9
STREET
THAMES
PLACE
STREET
EET
R
Pedestrian Bridge
F
STR
RECTO
CARLISLE
EET
A. Millenium Hilton Hotel B. New York Marriott Downtown
B 10 13 12 C
ET
END AVENUE
HOTELS:
E STR
STR
H NY
STREET
ON
UT
A ALB
ALBANY
SO
B A- T T E R Y estfield World Trade Center 14. W PA R K a collection of 150 retail shops and restaurants CITY (opening late 2015)
11
NGT
13. Starbucks
CEDAR
ICH
D E
ENW
CEDAR
SHI
12. BLT Bar & Grill
GRE
11. Morton’s Steakhouse
Pedestrian Bridge
WA
D IEL OKF BRO LACE P
10. Bill’s Bar & Burger
TRINITY
LIBERTY STREET
BROADWAY
3 WTC
8. St. George’s Tavern 9. Trinity Boxing Club
4,5
A
TRANSPORTATION HUB
RE
7. Clinton Hall
C. W New York - Downtown
A,C,E
1 WTC
Underground Pedestrian Passageway
6. Medici 21
2,3
PLACE
ST
5. Dunkin Donuts
ET
GT
4. Caffe Bene
ET
RE
SH
3. Wogies
ST
2. Tajin
VESEY
LD IE KF E OO LAC P
1. Trinity Department Store
BR
RETAILERS INCLUDE:
BARCLAY
WE
WORLD TRADE CENTER & GREENWICH SOUTH
BROADWAY
ST
WA
SUBDISTRICT:
PARK
T TREE S R O R E C T6 5 1 3 N,R 1 2 7 4
4,5
E. Club Quarters, World Trade Center
WEST
THAMES STREET
THIRD
PLACE MORRIS
MORRIS
W
GRE
W
PLAC
SOUTH COVE
BATTERY
F. Holiday Inn Manhattan Financial District G. Courtyard by Marriott (opening 2015)
N
D. World Center Hotel
B
VESEY
BROOKFIELD PLACE
4. Harry’s Italian PLACE
NY
9
2 WTC
TRANSPORTATION HUB
3 WTC
N,R
ET
4 WTC
T
STR EET
STREET
EET
Pedestrian Bridge PLACE
E WEST
ICH
CARLISLE
STR
AD
R
STREET
ON
AN
RECTO
EET
END AVENUE
8
STR
CEDAR
ENW
NGT
H Y
GRE
SHI ALBANY
UT AN
CEDAR
WA
D IEL OKF BRO LACE P
ALB
Pedestrian Bridge
SO
B AT T E R Y PA R K CITY
PL
A. Conrad New York
STREET
LIBERTY STREET
ES
HOTELS:
STREET
RE
8. Chipotle 9. Brookfield Place, including • Saks Fifth Avenue (opening 2016) NORTH • Hermès COVE • Salvatore Ferragamo • Ermenegildo Zegna • Theory • Michael Kors • Diane von Furstenberg • Vince • Paul Smith • Le District - a French-inspired marketplace • Hudson Eats - a collection of 14 fast-casual eateries • Financier Patisserie • P.J. Clarke’s • Amada • Parm • L’Atelier
A,C,E
1 WTC
Underground Pedestrian Passageway
7. Regal Cinema Waterway
PLACE
ST
6. Blue Smoke
REET
5 6 7
5. El Vez
BROADWAY
4
ST
3. Shake Shack
BARCLAY
WE
2. North End Grill
ET
ADE
A
PARK
RE
3
1. Le Pain Quotidien
41
ST
LAN
1 2
ON
ESP
GT
STREET
RETAILERS INCLUDE:
• Equinox
T
H IN
MURRAY
SH
ACE
BATTERY PARK CITY & BROOKFIELD PLACE
WA
TERR
END AVENUE
VER
SUBDISTRICT:
MURRAY STREET
THAMES STREET
O RECT
R 1S
BA
ALOF T HOTEL
THE METAMORPHOSIS OF LOWER MANHATTAN The scope of change sweeping Lower Manhattan is dazzling. From Battery Park to Chambers Street, from the Hudson to the East River, the spirit of reinvention and renewal is everywhere. The impact of $30 billion in public and private investment made over the last decade is becoming visible in nearly every corner of this kinetic square mile at Manhattan’s southern tip. More residents and businesses are migrating south of Chambers Street, drawn by affordable rents, fantastic cultural events, top-notch stores and restaurants and an undeniable energy that courses through the streets.
A LOOK AT WHAT’S CHANGING MAP KEY Major development milestones Open spaces Hotels
O pening in 2015
FOUR SE ASONS HOTEL & RESIDENCES
Completion in 2016
THE BEEKMAN
Completion in 2015
FULTON CENTER & CORBIN BUILDING O pened November 2014
WORLD TRADE CENTER 1 Wor ld Trade Center
O pened November 2014
2 Wor ld Trade Center TBD
Transpor t at ion Hub Completion in 2015 3 Wor ld Trade Center Completion in 2018 4 Wor ld Trade Center Completed in 2013 Nat ional September 11 Museum O pened May 2014
BROOKFIELD PL ACE
O pening in 2014/2015
HOLIDAY INN (WORLD’S TALLES T )
O pened October 2014
SOUTH S TREE T SE APORT Pier 17 O pening in 2015/2016
70 PINE S TREE T
O pening in 2015
E AS T RIVER WATERFRONT ESPL ANADE Completed in 2013
PIER A
O pened November 2014
BAT TERY PARK RENOVATION
Completion in 2014/2015
HAMP TON INN
O pened June 2014
Residential Hotel & Residential 42
BAT TERY MARITIME BUILDING
Completion in 2015
GOVERNORS ISL AND
Completion in 2014/2015
Hudson River Ferry
READE
STREET
O
W
E H
ST
A
PEARL
ET
RE
ST
RE
ST R
IP
T
WA
TE
SL
AM
O
E
O
R
FR
LAN
EET EET
E
Pier 15
ER
NE
Hornblower
ST
STR
H
NT
UT SO
UV
STR
GO
UR
East River Ferry Pier 11
OL
D S L
IP
Seastreak
D S LIP
New York Water Taxi N
T
IE
S
S
L
IP
VIETNAM VETERANS MEMORIAL PLAZA
EAST RIVER
A
O
EET
PINE
STR
R
ET
R D REET RIV E
RL A
STR
RE
E
E
A
AT
P R
ST
Pier 17 (closed for redevelopment during 2016)
FD
E
ST
FRO
V
E
LI
ON
IL
C
ER
E P
M
N,R
K
ST RE
ET
ELLIS ISLAND
DGE ET
ET
EET RL PEA
RE O
HN
DEN
OL
ST
W D
ET
CL N
WA
A
EET
ET
GE
TE
Statue Cruises
RE
IF
F
CK
A BATTERY PARK
BRI
R S T
SOUTH STREET SEAPORT
R
L ST
Pier A
STATUE OF LIBERTY
PE
N
PE
ET
STREET
E
I BR
L
E
D
ON
MA
VE
ON
JO
TCH
PINE STREE T
M
EL
EK
ST R STR E
A
IT
E
43
STR
EET STR GOL
D
WILLIAM
STREET
CEDA
LI
FI
YN
ON
W O R K
EET
FLE
ET
ET
RE
V RK
RE
ST
A
ER
LT
MAI
GE
ST
D
H
AC
STR
IL
OA
ET
PL
HAN
BR
STRE
A M
4,5
ON
D
RY
BE
W
NGT
A
ICH
SHI
N
TE
TT
RTY
H
ENW
WA
PLACE
LA
T BA
NE
2,3
NEW
MORRIS
ROBERT F. WAGNER, JR. PARK
LA
PLA
J,Z
MORRIS
PLACE
EN
T
N,R
GRE
BATTERY
P
ID
LIBE
4,5
E S
MA
STREE
W
AD
FIRST
E
JOHN
WALL
PLACE
PLACE
SECOND
FU
RL
EET
1
ET
BE
PEA
EET
STR
PLACE
STR
ON
END AVENUE
STRE
OR RECT
ET
TER
THAMES
THAMES STREET
SOUTH COVE
R K R A P
STREET
RE
ET
2,3
WILLIAM
ICH
NGT
H
AN
HUDSON RIVER
RE
H
ENW
SHI
TRINITY
GRE
WA
UT
STREET
ANN STREET
EXC
THIRD
N S T
UT
ET
SO
PL WEST
ST
Y
RE D IEL OKF BRO LACE P
CEDAR
PLACE
R
MA
J,Z
NASSAU STREET
ST CARLISLE
Pedestrian Bridge
EK
OKL
DO
CE
DUTCH
LD IE KF E OO LAC P
LIBERTY STREET
T
ET
BRO
FULTON STREET
BROADWAY
BR
ST
ES RECTO
REE
CORTLANDT
4 WTC
STREET
A,C
FULTON CENTER
DEY
N,R
ALBANY
YST
BE
SO
WE
STREET
TRANSPORTATION HUB
CEDAR Pedestrian Bridge
RU
L
ON
ADE AN
LE
ET
GT
STREET
3 WTC
New York Water Taxi
ALB
SP
4,5
NORTH COVE
FRANKFORT STREET
A,C,E
1 WTC
RE
P
PLACE
2 WTC
Underground Pedestrian Passageway
B AT T E R Y PA R K CITY
2,3
AL
IN
LAN
VESEY
CITY HALL PARK
E
RE
SH
ESP
BARCLAY
ST
ON
N,R
TR
BROADWAY
ST
WA
ACE
STREET
PARK
MA
S DI
R
H
MURRAY STREET
4,5,6
A
IC
TRIBECA
STREET
EA
WEST
NW
WARREN
TH
EE
TERR
NORTH END AVENUE
RIVER
MURRAY
1,2,3
CHURCH STREET
GR
CHAMBERS STREET
ROCKEFELLER PARK
CIVIC CENTER
STREET
J,Z
WASHINGTON MARKET PARK
Governors Island Ferry
1
Staten Island Ferry
GOVERNORS ISLAND
LOWER MANHATTAN : WHERE THE FOOT TRAFFIC IS
Photo Credits:
Alliance for Downtown New York 120 Broadway Suite 3340 New York, NY 10271 212.566.6700 DowntownNY.com Telephone: 212-835-2787 Email: Retail@DowntownNY.com
Jaclyn Slimm - Cover Philip Greenberg - page 7 Ed Wonsek of Wonsek Art Works - page 21 Jennifer May - pages 22,23 Michael Dwornick - pages 8, 30 Pete Thompson - pages 3, 10, 11, 14, 24, 26, 32, 33 Courtesy of Westfield Group - pages 12, 13 Courtesy of NY Metropolitan Transportation Authority - pages 16, 17 Courtesy of Joe Woolhead for Silverstein Properties - pages 2, 6, 8, 28 Courtesy of Erika Koop-Philbin for Silverstein Properties - pages 4, 8 Courtesy of Brookfield Office Properties - pages 15 Courtesy of Howard Hughes Corporation - pages 18, 19 Courtesy of Rose Associates - pages 20