Neighborhood Detail
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Tribeca
Tribeca's unusual name is an abbreviation of "Triangle Below Canal Street", literally denoting its geographic borders. It runs roughly from Canal Street south to Chambers Street, and from the Hudson River east to Broadway. TriBeCa was once an industrial district dominated by warehouses. The last ten years have seen it undergo a major revitalization. Warehouses have been converted into loft apartments and creative spaces, and the neighborhood has become solidly residential. Amidst the recent real estate boom, TriBeCa housing prices outpaced even those of the highly popular Manhattan market as a whole. Tribeca has become one of the most trendy residential neighborhoods in the city. Forbes magazine ranked the 10013 zip code in TriBeCa as the 12th most expensive zip code in the United States in 2006. The neighborhood is also home to the Tribeca Film Festival, founded to celebrate New York City as a major filmmaking center and to contribute to the long-term recovery of lower Manhattan. The mission of the film festival is "to enable the international film community and the general public to experience the power of film by redefining the film festival experience." The neighborhood is a frequent filming location for movies. |




