A Modern Day Movement

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D owntown Manhattan is back. The heart of New York City has been reborn and is beating faster and stronger than ever before. The fatal terrorist attacks and aftermath of 9/11 cast a dark shadow over the bustling streets of /RZHU 0DQKDWWDQ $V LQÀXHQWLDO :DOO 6WUHHW FRUSRUD- tions began relocating to Midtown Manhattan, the end of an era was heralded. New York City’s skyline would never be the same, and the neighborhood became a SODFH RI EDG PHPRULHV IHDU DQG UHVHQWPHQW RI DQ DFW WKDW FULSSOHG WKH QDWLRQ DQG WKH ZRUOG In the years following 9/11, Downtown Man- KDWWDQ EHFDPH D YRLG LQ D FLW\ RI HLJKW PLOOLRQ SHRSOH %XVLQHVVHV FORVHG WKHLU GRRUV ODUJH FRPSDQLHV ÀRFNHG XSWRZQ DQG WKH QHLJKERUKRRG¶V YDFDQF\ UDWH VXU- SDVVHG SHUFHQW However, from this tragedy came a renewed VHQVH RI KRSH DPELWLRQ DQG RSSRUWXQLW\ $ SODFH ZLWK VXFK H[WHQVLYH SRWHQWLDO FXOWXUDO VLJQL¿FDQFH DQG ULFK history needed to be embraced, and it was then that GHYHORSPHQW SURSRVDOV EHJDQ ÀRZLQJ LQWR WKH FLW\ 7KH SDVW GHFDGH²DQG SDUWLFXODUO\ WKH ODVW ¿YH \HDUV²KDYH VHHQ D UDSLG LQFUHDVH LQ GHYHORSPHQW in Downtown Manhattan. Both commercial and resi- GHQWLDO GHYHORSPHQW DUH QRZ DW DQ DOOWLPH KLJK DQG OX[XU\ FRQGRPLQLXP EXLOGLQJV FRQWLQXH WR ULVH 6RPH RI WKH PRVW LFRQLF DUFKLWHFWXUDO PDVWHUSLHFHV RI 0DQ- KDWWDQ VXFK DV WKH :RROZRUWK %XLOGLQJ DUH EHLQJ UH- VWRUHG DQG UHSXUSRVHG WR DFFRPPRGDWH WKH QHHGV RI D changing community. ,QWHUQDWLRQDO KRWHO FKDLQV VXFK DV )RXU 6HD- VRQV : DQG 7KRPSVRQ DUH ÀRFNLQJ WR WKH DUHD LQ- YHVWLQJ LQ QHZ DJH PL[HGXVH SURMHFWV LQFOXGLQJ Park Place and 5 Beekman, which offer state of the DUW UHVLGHQWLDO DQG KRWHO DFFRPPRGDWLRQV 6SDQLVK IDVKLRQ KRXVH =DUD KDV UHFHQWO\ RSHQHG LWV WULOHYHO VSDFH DFURVV IURP WKH QHZO\ UHYDPSHG )XOWRQ 7UDQVLW &HQWHU :KHQ LW RSHQV WKLV \HDU :HVW¿HOG :RUOG 7UDGH &HQWHU ZLOO EH WKH ELJJHVW VKRSSLQJ PDOO LQ DOO RI 0DQ- KDWWDQ DQG LV H[SHFWHG WR DWWUDFW PRUH WKDQ PLO- lion visitors annually. Beekman Tower, also known as 6SUXFH 6WUHHW DQG PDUNHWHG DV 1HZ <RUN E\ *HKU\ LV D ÀRRU PXOWLSXUSRVH VWUXFWXUH GHVLJQHG E\ DF- FODLPHG DUFKLWHFW )UDQN *HKU\ 2SHQHG LQ WKH building is one of the tallest residential towers in the ZRUOG DQG LQFOXGHV VWUHHWOHYHO UHWDLO D SXEOLF HOHPHQ- WDU\ VFKRRO DQG VSDFH IRU 1HZ <RUN 'RZQWRZQ +RVSL- tal. &RPPHUFLDO GHYHORSPHQW LV D FRQVWDQWO\ evolving element of the Downtown community, re- VSRQGLQJ WR WKH FKDQJLQJ G\QDPLF RI WKH DUHD A MODERN DAY MOVEMENT BY LIZZIE CRITTENDEN

Transcript of A Modern Day Movement

Page 1: A Modern Day Movement

DOWNTOWNMAGAZINENYC.COM Q SPRING 2015 25 24 SPRING 2015 Q DOWNTOWNMAGAZINENYC.COM

Downtown Manhattan is back. The heart

of New York City has been reborn and

is beating faster and stronger than ever

before.

The fatal terrorist attacks and aftermath of

9/11 cast a dark shadow over the bustling streets of

/RZHU�0DQKDWWDQ��$V�LQÀXHQWLDO�:DOO�6WUHHW�FRUSRUD-tions began relocating to Midtown Manhattan, the end

of an era was heralded. New York City’s skyline would

never be the same, and the neighborhood became a

SODFH�RI�EDG�PHPRULHV��IHDU�DQG�UHVHQWPHQW�RI�DQ�DFW�WKDW�FULSSOHG�WKH�QDWLRQ�DQG�WKH�ZRUOG�� In the years following 9/11, Downtown Man-

KDWWDQ�EHFDPH�D�YRLG�LQ�D�FLW\�RI�HLJKW�PLOOLRQ�SHRSOH��%XVLQHVVHV�FORVHG�WKHLU�GRRUV��ODUJH�FRPSDQLHV�ÀRFNHG�XSWRZQ�� DQG� WKH� QHLJKERUKRRG¶V� YDFDQF\� UDWH� VXU-SDVVHG����SHUFHQW��� However, from this tragedy came a renewed

VHQVH�RI�KRSH��DPELWLRQ�DQG�RSSRUWXQLW\��$�SODFH�ZLWK�VXFK�H[WHQVLYH�SRWHQWLDO��FXOWXUDO�VLJQL¿FDQFH�DQG�ULFK�history needed to be embraced, and it was then that

GHYHORSPHQW�SURSRVDOV�EHJDQ�ÀRZLQJ�LQWR�WKH�FLW\�� 7KH� SDVW� GHFDGH²DQG� SDUWLFXODUO\� WKH� ODVW�¿YH�\HDUV²KDYH�VHHQ�D�UDSLG�LQFUHDVH�LQ�GHYHORSPHQW�in Downtown Manhattan. Both commercial and resi-

GHQWLDO�GHYHORSPHQW�DUH�QRZ�DW�DQ�DOO�WLPH�KLJK��DQG�OX[XU\�FRQGRPLQLXP�EXLOGLQJV�FRQWLQXH�WR�ULVH��6RPH�RI�WKH�PRVW�LFRQLF�DUFKLWHFWXUDO�PDVWHUSLHFHV�RI�0DQ-

KDWWDQ��VXFK�DV�WKH�:RROZRUWK�%XLOGLQJ��DUH�EHLQJ�UH-VWRUHG�DQG�UHSXUSRVHG�WR�DFFRPPRGDWH�WKH�QHHGV�RI�D�changing community.

� ,QWHUQDWLRQDO�KRWHO�FKDLQV�VXFK�DV�)RXU�6HD-VRQV��:� DQG�7KRPSVRQ� DUH� ÀRFNLQJ� WR� WKH� DUHD�� LQ-

YHVWLQJ�LQ�QHZ�DJH��PL[HG�XVH�SURMHFWV�� LQFOXGLQJ����Park Place and 5 Beekman, which offer state of the

DUW� UHVLGHQWLDO� DQG� KRWHO� DFFRPPRGDWLRQV�� 6SDQLVK�IDVKLRQ� KRXVH� =DUD� KDV� UHFHQWO\� RSHQHG� LWV� WUL�OHYHO�VSDFH�DFURVV�IURP�WKH�QHZO\�UHYDPSHG�)XOWRQ�7UDQVLW�&HQWHU��:KHQ�LW�RSHQV�WKLV�\HDU��:HVW¿HOG�:RUOG�7UDGH�&HQWHU�ZLOO�EH�WKH�ELJJHVW�VKRSSLQJ�PDOO�LQ�DOO�RI�0DQ-

KDWWDQ� DQG� LV� H[SHFWHG� WR� DWWUDFW�PRUH� WKDQ�����PLO-lion visitors annually. Beekman Tower, also known as

��6SUXFH�6WUHHW�DQG�PDUNHWHG�DV�1HZ�<RUN�E\�*HKU\��LV� D� ���ÀRRU��PXOWLSXUSRVH� VWUXFWXUH�GHVLJQHG�E\� DF-FODLPHG� DUFKLWHFW� )UDQN�*HKU\��2SHQHG� LQ� ������ WKH�building is one of the tallest residential towers in the

ZRUOG�DQG�LQFOXGHV�VWUHHW�OHYHO�UHWDLO��D�SXEOLF�HOHPHQ-

WDU\�VFKRRO�DQG�VSDFH�IRU�1HZ�<RUN�'RZQWRZQ�+RVSL-tal.

� &RPPHUFLDO� GHYHORSPHQW� LV� D� FRQVWDQWO\�evolving element of the Downtown community, re-

VSRQGLQJ�WR�WKH�FKDQJLQJ�G\QDPLF�RI�WKH�DUHD��

A MODERN DAYMOVEMENTB Y L I Z Z I E C R I T T E N D E N

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� 7KH�LQFUHDVLQJ�UHVLGHQWLDO�SRSXODWLRQ�LV�GHPDQGLQJ�DPHQLWLHV��DQG�GH-YHORSHUV� DUH� UHVSRQGLQJ��'DOODV�EDVHG� UHDO� HVWDWH� GHYHORSHU� DQG�PDQDJHPHQW�FRPSDQ\�� 7KH� +RZDUG� +XJKHV� &RUSRUDWLRQ�� KDV� KDUQHVVHG� WKH� SRWHQWLDO� RI�'RZQWRZQ¶V�6HDSRUW�'LVWULFW��ZLWK�D�YLVLRQ�WR�FUHDWH�D�XQLTXH�PL[HG�XVH�SURMHFW�to reinvigorate the area and connect the city to the waterfront. It is a huge invest-

PHQW�IRU�WKH�FRPSDQ\��KRZHYHU��*HQHUDO�0DQDJHU�RI�WKH�6RXWK�6WUHHW�6HDSRUW��3KLOOLS�6W��3LHUUH��DQG�6HQLRU�([HFXWLYH�9LFH�3UHVLGHQW�RI�'HYHORSPHQW��&KULV-WRSKHU�&XUU\��DUH�FOHDUO\�SDVVLRQDWH�DQG�FRPPLWWHG�WR�WKH�QHLJKERUKRRG�� ³7KH�6RXWK�6WUHHW�6HDSRUW�LV�WKH�KRPH�RI�WKH�KDUERU�IRU�1HZ�<RUN�&LW\��,W�LV�WKH�UHDVRQ�1HZ�<RUN�EHFDPH�WKH�FLW\�LW�LV��:H�UHFRJQL]H�WKDW��ZH�FHOHEUDWH�LW�DQG�ZH�ZDQW�WR�PDNH�LW�PRUH�FRPSHOOLQJ�DQG�PRUH�UHOHYDQW�WR�1HZ�<RUNHUV�WRGD\�WKDQ�LW¶V�HYHU�EHHQ�LQ�WKH�SDVW��:H�DUH�EXLOGLQJ�RXU�SURMHFW�IRU�1HZ�<RUN�&LW\��IRU�1HZ�<RUNHUV�´�VDLG�6W��3LHUUH��� 7KHLU�FXUUHQW�SURMHFW� LQYROYHV�D������PLOOLRQ�LQYHVWPHQW� LQWR� WKH�UH-EXLOGLQJ�RI�3LHU�����RQH�RI� WKH� VWUXFWXUHV�XQGHU� WKHLU� ODQG� OHDVH�RI� WKH�6RXWK�6WUHHW�6HDSRUW�DUHD��$SSURYHG�IRU�UHGHYHORSPHQW�LQ�0DUFK�������3LHU����LV�EH-LQJ�UHEXLOW�WR�KROG�D�SDYLOLRQ�OLNH�VWUXFWXUH�HQFRPSDVVLQJ�VWDWH�RI�WKH�DUW�UHWDLO��GLQLQJ�DQG�HYHQW�IDFLOLWLHV�DQG�LV�H[SHFWHG�WR�RSHQ�LQ�������� 7KH�+RZDUG�+XJKHV�&RUSRUDWLRQ�LV�FXUUHQWO\�ZRUNLQJ�RQ�D�SURSRVDO�IRU�DQ�DGGLWLRQDO�PL[HG�XVH�SURMHFW��ZKLFK�LQFOXGHV�UHVWRUDWLRQ�RI� WKH�KLVWRULF�7LQ�%XLOGLQJ�DQG�D�����IRRW�WRZHU�RQ�WKH�QHZ�PDUNHW�VLWH��7KH�FRPSDQ\�KRSHV�WR�XWLOL]H�WKH�WRZHU�DV�DQ�HFRQRPLF�HQJLQH�WR�VXSSRUW�IXWXUH�SURMHFWV�LQ�WKH�QHLJK-

ERUKRRG��LQFOXGLQJ�WKH�6HDSRUW�0XVHXP�DQG�H[WHQVLRQ�RI�WKH�(VSODQDGH��6W��3LHUUH�VD\V�WKH�UHYROXWLRQDU\�SURMHFW�ZDV�HQFRXUDJHG�WR�JR�IRUZDUG�EHFDXVH�RI�WKH�SRVLWLYH�IHHGEDFN�IURP�WKH�FRPPXQLW\��³3HRSOH�DUH�PRYLQJ�GRZQ�KHUH�LQ�

GURYHV��DQG�WKH\¶UH�WHOOLQJ�XV��ZH�ZDQW�SODFHV�WR�HDW��ZH�ZDQW�SODFHV�WR�VKRS��2XU�QHLJKERUV�DUH�YHU\�KDSS\�WR�WHOO�XV�ZKDW�WKH\�WKLQN��DQG�ZH¶UH�YHU\�KDSS\�WR�OLVWHQ��1RW�RQO\�DUH�ZH�UHVSRQGLQJ�WR�WKH�QHZ�PHPEHUV�RI�WKH�FRPPXQLW\��ZH�DUH�UHVSRQGLQJ�WR�RXU�H[LVWLQJ�FXVWRPHU��ZKR�LV�RXU�/RZHU�0DQKDWWDQ�UHVLGHQW�´��0DUNHWHG�DV�³WKH�ROGHVW�QHZ�QHLJKERUKRRG�´�&XUU\�VD\V�WKH�FRPSDQ\�YHU\�PXFK�KDV�D�ZLGHU�YLVLRQ�IRU�WKH�HQWLUH�6HDSRUW�'LVWULFW��ZRUNLQJ�WRJHWKHU�ZLWK�VKRS�owners and the community to build the ultimate destination for New Yorkers.

³3DUW�RI�RXU�WKLQNLQJ�ZDV�ZH�ZDQWHG�WR�HPEUDFH�WKH�ODUJHU�6HDSRUW�'LVWULFW�WKDW�JRHV�EH\RQG�MXVW�WKH�FRQ¿QHV�RI�RXU�RZQ�SURSHUW\��:H�DUH�FUHDWLQJ�DQ�DXWKHQWLF�1HZ�<RUN�VSDFH�WKDW�GRHVQ¶W�H[LVW�DQ\ZKHUH�HOVH�LQ�WKH�FLW\��:H�ZDQW�WR�JLYH�SHRSOH�D�UHDVRQ�WR�FURVV�6RXWK�6WUHHW�´�KH�VDLG��� 7KH�FRPSDQ\�LV�DOVR�IRFXVHG�RQ�WKH�)XOWRQ�0DUNHW�%XLOGLQJ��ZKLFK�LV�FXUUHQWO\�EHLQJ�WUDQVIRUPHG�WR�DFFRPPRGDWH�D�XQLTXH�PL[�RI�UHWDLO��GLQLQJ�DQG�HQWHUWDLQPHQW�RSWLRQV��LQFOXGLQJ�DQ�L3LF�FLQHPD��ZKLFK�LV�VHW�WR�RSHQ�LQ�������6W��3LHUUH�VD\V�7KH�+RZDUG�+XJKHV�&RUSRUDWLRQ�UHPDLQV�¿UPO\�FRPPLWWHG�WR�HPEUDFLQJ�WKH�SRWHQWLDO�RI�'RZQWRZQ�0DQKDWWDQ�DQG�PHHWLQJ�WKH�QHHGV�RI�WKH�HYROYLQJ�FRPPXQLW\�WKURXJK�LQQRYDWLRQ�LQ�XUEDQ��GHVLJQ��³:H�¿UPO\�EHOLHYH�WKDW�/RZHU�0DQKDWWDQ�LV�WKH�QH[W�SODFH��DQG�HYHU\WKLQJ�WKDW�LV�KDSSHQLQJ�DURXQG�you tells you that that’s correct. New Yorkers are rediscovering Lower Manhat-

WDQ��DQG�LW¶V�UHDOO\�H[FLWLQJ�WR�ZHOFRPH�WKHP�EDFN�DQG�KDYH�WKHP�EH�D�SDUW�RI�this,” he said.

� %URRN¿HOG� LV� VHW� WR� XQYHLO� WKHLU� ODWHVW� SURMHFW�� %URRN¿HOG� 3ODFH�� LQ�0DUFK�WKLV�\HDU��7KH�HLJKW�PLOOLRQ�VTXDUH�IRRW�FRPSOH[��IRUPDOO\�NQRZQ�DV�7KH�:RUOG�)LQDQFLDO�&HQWHU��KDV�XQGHUJRQH�D������PLOOLRQ�UHQRYDWLRQ�DQG�LV�VHW�WR�bring a new level of retail and dining offerings to the neighborhood.

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³'RZQWRZQ�LV�LQ�WKH�PLGVW�RI�D�UHQDLVVDQFH�LQ�ZKLFK�QHZ�NLQGV�RI�RI¿FH�WHQDQWV�are drawn to the many amenities that Lower Manhattan has to offer. In addition,

D�VXUJH�LQ�WKH�UHVLGHQWLDO�SRSXODWLRQ�KDV�FUHDWHG�D�YLEUDQW��DFWLYH�FRPPXQLW\�´�6W��3LHUUH�VD\V. � 7KH�UHWDLO�VSDFH�ZLOO�RIIHU�D�QHZ�DQG�H[FLWLQJ�VKRSSLQJ�H[SHULHQFH�WR�the Downtown community, with a range of high-end stores including Hermès,

7RU\�%XUFK��0LFKDHO�.RUV�DQG�6DNV�)LIWK�$YHQXH�VHWWLQJ�XS�VKRS�LQ�WKH�FRPSOH[��&KHLNHQ� VD\V� WKH� FRPSDQ\� NQHZ� WKH� YLEUDQW�'RZQWRZQ� ORFDWLRQ�ZDV� SHUIHFW�IURP�WKH�RXWVHW��GXH�WR�LWV�HPHUJLQJ�UHSXWDWLRQ�DV�RQH�RI�WKH�PRVW�DFFHVVLEOH�DQG�GHVLUDEOH�QHLJKERUKRRGV�LQ�WKH�FLW\�WR�OLYH��WR�ZRUN�DQG�WR�SOD\��³%URRN¿HOG�KDV�always been a strong believer in the growth of Downtown. The future of this

neighborhood is extraordinary. It’s why we are here,” he said.

:KLOH�PDQ\�¿QDQFLDO�JLDQWV�KDYH�YDFDWHG�WKH�DUHD��QHZ�DJH�PHGLD��DGYHUWLVLQJ��WHFKQRORJ\�DQG�LQIRUPDWLRQ�FRPSDQLHV�DUH�SRLVHG�WR�UHSODFH�WKHP��7KH�RSHQLQJ�RI�2QH�:RUOG�7UDGH�&HQWHU� LQ������EURXJKW�PDVV�PHGLD�JLDQW�&RQGp�1DVW� WR�the area, cementing the Financial District as a remade neighborhood, no longer

GRPLQDWHG�E\�¿QDQFLDO�LQVWLWXWLRQV��� 3UHVLGHQW�RI� WKH�'RZQWRZQ�$OOLDQFH��-HVVLFD�/DSSLQ��VD\V� WKH�FKDQJ-

LQJ�G\QDPLF�RI�WKH�ZRUNIRUFH�DQG�WKH�DUHD¶V�UDSLGO\�LQFUHDVLQJ�SRSXODWLRQ�KDYH�created a high demand for amenities. “Because there are more residents here,

EHFDXVH�WKH�IDFH�RI�WKH�ZRUNIRUFH�KDV�FKDQJHG��DQG�LW¶V�QRW�SXUHO\�¿QDQFLDO�VHU-vices and legal services anymore, that has changed the demand and has lead to a

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IHHO�DQG�VXFFHVV�RI�WKH�FRPPXQLW\�´�VKH�VDLG��:KLOH�FRQVWUXFWLRQ�]RQHV�FRQWLQXH�WR�GRPLQDWH�HQWLUH�FLW\�EORFNV��SDWLHQW�UHVLGHQWV�DUH�¿QDOO\�VHHLQJ�FKDQJH�FRPH�WR�OLJKW�LQ�WKH�QHLJKERUKRRG�WKH\�FDOO�KRPH��/DSSLQ�VD\V�WKH�����ELOOLRQ�FRPLQJ�WR�IUXLWLRQ�WKURXJK�GHYHORSPHQW�LQ�WKH�/RZHU�0DQKDWWDQ�FRPPXQLW\�ZLOO�KDYH�PDMRU�EHQH¿WV�IRU�WKH�DUHD��ERWK�HFRQRPLF�DQG�RWKHUZLVH���³$OO�RI�WKLV�FRPLQJ�WRJHWKHU�KDV�XQGRXEWHGO\�QRW�MXVW�EHQH¿WHG�WKH�FRPPXQLW\��EXW�UHDOO\�UHPDGH�WKH�community in exciting ways,” she said.

� 6LQFH�������WKH�'RZQWRZQ�$OOLDQFH�KDV�EHHQ�/RZHU�0DQKDWWDQ¶V�SUH-PLHUH�DGYRFDF\�RUJDQL]DWLRQ��ZRUNLQJ�ZLWK�WKH�FRPPXQLW\�WR�UHEXLOG�DQG�UHLQ-

YHQW�'RZQWRZQ��/DSSLQ�VD\V�WKH�RUJDQL]DWLRQ�KDV�KDG�WKH�SOHDVXUH�RI�FRQWULEXW-LQJ�WR�DQG�REVHUYLQJ�VXFK�D�PHVPHU�L]LQJ�DQG�LQQRYDWLYH�WUDQVIRUPDWLRQ��³2XU�YLVLRQ�LV�IRU�WKLV�WR�EH�D�G\QDPLF��������PL[HG�XVH�FRPPXQLW\��DQG�ZH�WKLQN�ZH�are well on our way. It’s the city’s oldest neighborhood, it’s an historic treasure,

WKHUH�LV�DFFHVV�WR�WKH�ZDWHUIURQW��DQG�LW¶V�DQ�H[FHOOHQW�WUDQVSRUWDWLRQ�KXE��/RZHU�0DQKDWWDQ�KDV�FRPH�VR�IDU�RYHU�WKH�ODVW����\HDUV��LW�KDV�EHHQ�H[FLWLQJ�WR�VHH��DQG�we want to harness that momentum, build on that growth and continue to make

LW�D�SODFH�WKDW�SHRSOH�ZDQW�WR�OLYH�DQG�WR�ZRUN�´�VKH�VDLG�� :KLOH� ������ WKH� ����� JOREDO� ¿QDQFLDO� FULVLV� DQG�+XUULFDQH� 6DQG\� LQ������SRVHG�D�KXJH�WKUHDW�WR�WKH�YLWDOLW\�RI�WKH�QHLJKERUKRRG��'RZQWRZQ�1HZ�York City has shown its strength and resilience, overcoming so many hurdles to

HPHUJH�DV�RQH�RI�WKH�PRVW�XQLTXH�DQG�H[FLWLQJ�QHLJKERUKRRGV�LQ�WKH�ZRUOG��1RZ�we celebrate the rebirth of Lower Manhattan as a renewed, vibrant and

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