Posts Tagged ‘Wall Street’

The State of Lower Manhattan a Decade Later

Friday, August 12th, 2011

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The eyes of the world are on Lower Manhattan as we near the 10th anniversary of the attacks on the World Trade Center. And what they will see is substantial progress at the site–along with a growing, flourishing district that may have been knocked down but couldn’t be counted out.

Yesterday, the Alliance for Downtown New York issued a report called the State of Lower Manhattan 2011, providing a comprehensive review of Lower Manhattan’s remarkable economic and demographic changes, leasing activity, and development and market trends since 9/11. You can find the report here.

Over the last decade, Lower Manhattan’s population has more than doubled and tourism has climbed to nine million visitors annually. Simply put, this is one of the fastest-growing neighborhoods in New York City.

“We’re rebuilding what was lost, and that’s not just bricks and mortar,” said Downtown Alliance President Elizabeth H. Berger. “Through this rebuilding process, Lower Manhattan has created a multi-dimensional community where families and parks can co-exist with law firms and banks. One of the things that has happened since 9/11 is that Wall Street and Main Street are now the same street in Lower Manhattan.”

Lower Manhattan has redefined itself as much more than a place that thrives from 9 to 5. It has become a powerful community and a home. More than 15 million square feet of office space were converted to residential use from 1995 to 2006. Families now constitute a majority of residents of Lower Manhattan, and 40 percent of childless households say they plan to have children within the next three years.

Thanks in part to a public and private investment of $30 billion, Lower Manhattan has fought through the attacks of 9/11 and the largest economic downturn since the Depression and come out on top. The neighborhood has added 12 hotels since 9/11 and is home to 130 more companies than were here a decade ago.  In the last two years alone, it has opened six new primary and secondary schools.

Lower Manhattan has done more than just survive the most devastating day in the city’s history. It has come together to build a stronger community. It is a testament to the world about New York’s resilience.

Picture Lower Manhattan: Wagner Park

Thursday, August 4th, 2011

Battery Park City

Once upon a time, in the early 1980s, Lower Manhattan was famous for Wall Street and for Creative Time’s Art on the Beach, a popular public art project on landfill excavated from the World Trade Center site. Today that landfill provides the bedrock for Battery Park City, and Lower Manhattan has come alive with vibrant public spaces from river to river. This shot was taken on a recent summer day in Wagner Park. [Photo by Brian DiFeo]

Wi-Fi Meandering Part II

Tuesday, July 19th, 2011

Downtown Alliance Free Wi-Fi Network
This is the second part of my Wi-Fi meandering to check out the status of our Wi-Fi hotspots and to make sure they were all in good shape. Feel free to check out the Flickr set I created

When you last saw me meandering (not wandering as some people thought!), we were at the Elevated Acre at 55 Water Street.

After confirming that the signal was working great at the spot (which is being sent from our access points on the 14th floor), we went down the escalators onto Water Street, crossed the block, and cut under 7 Hanover Square (I really enjoy getting the chance to walk through buildings like that) just north of Coenties Slip, and emerged on Pearl Street.

We turned left, then right, and landed on Stone Street. Not to toot our own horn, but according to Wikipedia, “a joint partnership between the Landmarks Commission and other city agencies, the Alliance for Downtown New York and Stone Street owners has transformed Stone Street from a derelict back alley into one of Downtown’s liveliest scenes.”

Pat on the back, please!

Currently, one of the retailers on Stone Street has allowed us to transmit a Wi-Fi signal from one of its second-floor windows. We’d love to extend Wi-Fi further onto Coenties Alley, the area south of Stone and across from Coenties Slip, and we’re exploring ways to do that, and are reaching out to neighboring businesses.

Otherwise, Stone Street’s Wi-Fi was in good shape. So we headed north to the nearby British Garden at Hanover Square, which was a tranquil spot newly gleaming just after a hosing down. I’ve lunched there a couple of times in the past two weeks, and it’s just so lovely. (If you didn’t know, the garden was created to honor the 67 British subjects who died on September 11th.)

Wi-Fi was working wonderfully here, as well (it’s transmitted from one of the retailers bordering the park), so we ventured east to the South Street Seaport. We walked up to Wall Street, turned right, walked up South Street (which was called South Street not because it was on the east side, but because when our ancestors first settled on this island, this is the spot where the ships came in from which they perceived was the south, or bottom, of the island.)

The Seaport is probably the largest Wi-Fi hotspot we have because it’s both indoors – with access points in the food court area – as well as outdoors; our equipment is positioned outside, sending the signal from the food court all the way to South Street.

While testing it, we grabbed lunch in the food court and then readied to move onto 60 Wall Street, known as the Atrium. We walked along Fulton Street (I’ve always wanted to get Wi-Fi in that enormous shopping plaza area, an idea for the future), down Pearl Street, and turned right onto Pine Street until we reached the 60 Wall Atrium.

As always there were quite a few people there, snacking away, hunched over their smartphones, iPads, and laptops, working away. It was obvious the Wi-Fi was working – and our testing backed that up (although that is one of our most frustrating hotspots because the Verizon line there is often subpar).

Essentially, we actually installed a device (you can’t see it, but it’s with our access points, which are hidden at each end of the Atrium) that can tell when the line has gone bad and reboot the router to try and find the signal again so that the intermittent service we receive via Verizon doesn’t too negatively affect our Wi-Fi users.

Instead of experiencing a hotspot that is completely down, some of our users end up experiencing up and down service, not as reliable as we expect from our hotspots. We are working with Verizon to replace some of the bad equipment installed there, and hopefully that will make a difference.

After 60 Wall, we headed to City Hall via Broadway, passing construction of the new Fulton Street Transit Center, which is expected to be an incredible transportation hub, beautifying the area and allowing light into the some of the underground tunnels, but also combining (or what they call a “rationalization” of) the 84,000 subway stations in Lower Manhattan. Okay, maybe it’s not 84,000, but it is a lot.

These days, the first thing that greets you as you enter City Hall Park from the south is “Splotch,” a sculpture by Sol LeWitt.

Personally, while I am no art expert (though I am married to one), I think it is beautiful because the color is vibrant and exciting, making this really cool park even more beautiful. There are other sculptures around as well, but this one really grabbed my attention, and I had a hard time resisting the urge to linger any longer.

But back to our mission. So, in the past, we’ve had some Wi-Fi performance issues at City Hall Park because we’re actually shooting the signal from atop one of the nearby buildings, and in the Summer, the trees become so thick that the leaves actually block the signal (that is definitely not an indoor problem!). Fortunately, it was working just fine during our site visit.

And I will stop here, maybe to just check out that sculpture again, and fill you in on the final three hotspots in my next installment.

Owen for Business

Tuesday, July 12th, 2011

ArmCandy

Welcome back to Owen for Business!  I’m Michael Owen, and this week we’ll cover new retail spots that offer tasty food and fashion.  One of the recently opened stores highlighted below offers handbags and accessories made with recycled candy wrappers.  If you see any new retailers or changes to existing retailers, please email me at tre@downtownny.com. Thanks!

Potbelly – 101 Maiden Lane, 646-289-4201

The Chicago-based restaurant that originally began as an antique store has opened its first New York City location right here in Lower Manhattan.  Its most popular toasted sandwich is a “Wreck,” made with salami, roast beef, turkey, ham and melted Swiss cheese.  Every day around lunchtime live music accompanies your meal, and Potbelly also offers salads, freshly baked cookies, and milkshakes for only $3.20!

Nahui Ollin Arm Candy - 21 Fulton Street, 732-460-1900

Using recycled candy wrappers may seem like an unusual material to use in a handbag, but that’s what fashion is all about — creativity.  Nahui Ollin Arm Candy sells trendy, yet affordable, handbags and accessories made from recycled candy wrappers.  So if you’re looking to make a totally sweet fashion statement, Nahui Ollin Arm Candy is the place to go.

Duane Reade – 40 Wall Street

Duane Reade’s new flagship store at 40 Wall Street offers so much more than a traditional pharmacy.  There’s a sushi bar, hair salon, and even fresh produce within an incredible space filled with marble stairways and Ionic columns.  The Duane Reade at 40 Wall is open 24 hours.

Nicky’s Banh Mi Vietnamese Sandwiches – 99 Nassau Street,      212-766-3388

After their success at 311 Atlantic Avenue in Brooklyn, Nicky has opened another location on Nassau Street.  Try a Classic Vietnamese Sandwich, Pho Soup, or shrimp summer rolls.  There’s refreshing iced coffee and bubble tea to compliment your meal, and any dish can be prepared spicy upon request.

Financier Patisserie – 90 Nassau Street, 212-748-6000

Restaurateur Peter Poulakakos and his Executive Pastry Chef, Eric Bedoucha, have just opened another Financier, at 90 Nassau Street.  The traditional Parisian storefront welcomes you inside to enjoy a superb lunch, pastry or freshly brewed coffee.  There’s also complimentary Wi-Fi.

Super Dry – 199 Water Street, 212-785-5575

What do you get when you combine a London-based company, the South Street Seaport and Japanese-inspired threads?  Answer: a fashion statement.  Super Dry offers stylish men’s and women’s clothing with a Japanese twist.

Closings:

Moran’s - 103 Washington Street
Wall Street Burger Shoppe - 30 Water Street
Duval International Furniture Gallery - 111 Fulton Street
Edible Arrangements - 145 Nassau Street
John Street Bar & Grill - 17 John Street
T-Mobile - 80 Nassau Street
WirelessRUS - 200 Water Street

Meet a Lower Manhattan Business: My.Suit

Thursday, June 30th, 2011

My.Suit

You’d think a premium, custom-made suit bought at Broad and Wall streets would break the bank, but My.Suit has developed a model that lowers prices and decreases production time dramatically.

Because the four-store Manhattan chain runs its own factory and warehouse, its typical suit costs just $495 and arrives within two weeks.

And designing one—right down to coat lining colors and personalized monograms— couldn’t be easier. The elegant store includes a row of iPads that allow customers to create and order a suit without ever speaking to an associate—though Vice President James Hancock and his staff are always available to assist.

While the suit-designing experience might seem like a lot of work, more than half of My.Suit’s clients have been there before and their measurements are in the system.

“They’ll come in, pick a color and we’re good to go in 10 minutes,” Hancock said.

My.Suit

30 Broad Street

646-556-7430

www.mysuitny.com

High Above Wall Street

Thursday, February 17th, 2011

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We all know the intersection of Wall and Broad streets is one of the most photographed places in New York City. It’s the meeting place of Federal Hall, the Stock Exchange, rotating streets, bustling commuters and excited tourists. Yesterday I visited a friend who works on the 45th floor of 40 Wall Street, the Trump Building. I had to battle vertigo to get this picture, but it was worth it. When I stand in front of the Stock Exchange I admire the imposing structure. From this angle it seems small yet just as significant. Oh, and it has a copper roof!

Visiting the Rise of Wall Street

Thursday, June 3rd, 2010

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If there is one thing I have learned from working in Lower Manhattan, it is that the area is constantly changing. I rarely turn a corner without discovering a new shop or restaurant or a high-rise construction site. So it seems only fitting that the latest exhibition at the Skyscraper Museum would be entitled The Rise of Wall Street.

The exhibition traces the illustrious history of one narrow street in New York City and follows the rise of the skyscrapers along it. But it also touches on the evolution of the skyscraper throughout Manhattan and the world. One section focuses on green initiatives in modern towers. And visitors also learn how modern skyscrapers can reach thousands of feet into the air without collapsing.

The physical layout of the exhibition is impressive. Large columns with posters of Wall Street skyscrapers stretch up to a mirrored ceiling, and as I wandered in between them, it seemed as if I was actually standing on Wall Street, staring up at its skyscrapers as they reached into an endless gray sky.

One of the most interesting things I learned was how Wall Street got its name. Before industrialization, a stockade ran along Wall Street, separating New Amsterdam from the rest of Manhattan. The original structure—made of simple picket and plank fencing—was meant to protect the Dutch settlement from English colonial forces. In 1653, Peter Stuyvesant led an effort to build a stronger structure. They erected a 12-foot wall that could also protect the settlement from various Native American tribes. Thirty years later, the road that ran along the stockade was named—sensibly enough—Wall Street.

After my museum visit, I took my own tour of the real Wall Street, just a few blocks away. It’s amazing to imagine the small buildings that once stood where skyscrapers now loom. The Rise of Wall Street gave me a wonderful appreciation for the transformation that occurred on one particular street in Manhattan over the course of a few hundred years. The Skyscraper Museum at 39 Battery Place is open from 12 to 6 PM Wednesday through Sunday. General admission is $5.