Over the last 15 years, Lower Manhattan, also known as New York City’s “Financial District,” has increasingly become a major focal point and a preferred destination for both business and leisure.
Pre-9/11, it was only South Street Seaport that brought hints of liveliness to the Financial District. On most days, the surrounding area primarily served as a 9-5 office hub for bankers and lawyers. Post-9/11, a series of new infrastructure, retail, and cultural investments have transformed downtown into multi-faceted epicenter for work and play.
Forward thinking media and technology companies have taken notice, and are starting to move a few miles south from Midtown. Conde Nast, Time Inc, Droga 5, Spotify, xAd, Mediamath, and Vox Media are just some of the newest tenants currently surrounding Wall Street.
Even the residential neighborhoods have become more desirable: there are actually three times more people that live in downtown today than in 2001. Over 200 new retail stores and restaurants have opened in just the last year alone. New landmarks such as the Oculus, Brookfield Place and Westfield World Trade Center Mall have become a window wanderer’s paradise.
Meeting planners who’ve been looking for new neighborhoods and higher-end experiences to provide for their attendees in New York City can now rejoice. There are plenty of reasons to get excited about corporate events in the Financial District:
Ease of transportation: With the recent completion of a $1.4 billion Fulton Street Station project, meeting and events participants can easily get downtown via 11 different subway lines. Free buses offering 35 stops around the entire perimeter of lower Manhattan now bring Soho, Chinatown, and Little Italy within arm’s reach – and you might even stumble upon a Tommy Hilfiger fashion show or the Tribeca Film Festival along the way.
Depth of culinary options: The recent opening of Eataly Downtown, a newly minted Michelin star restaurant, L’Appart at Brookfield Place, and a soon-to-be-open upscale City Acres Food Hall located in the heart of the Financial District are turning the area into a foodie’s paradise.
“Instagrammable” moments: A 10 block radius offers breathtaking views of many of New York City’s greatest treasures – including the World Trade Center, Statue of Liberty, Brooklyn Bridge, Manhattan Bridge, Battery Park, and the Hudson River.
World-class event venues: Convene now offers two premium meeting and event venues at 32 Old Slip and Conde Nast Venues for groups of up to 300 people. Take advantage of our unique gallery space, amphitheater seating, and luxurious boardrooms with some of the most amazing skyline views into the rest of Manhattan.
If you’d like to do additional research on planning an event in the Financial District, there are two other great resources to leverage. The Downtown Alliance offers the latest news and cultural activities, and NYC & Co‘s destination services are helpful for first-time meeting planners who need to be further convinced that the Big Apple is the greatest on earth.