Tribeca’s name is a derived from its location. The triangular downtown neighborhood is bounded to the north by Canal Street and Park Place to the south, covering the area from Broadway to the Hudson –the “triangle below Canal.” Tribeca has a long industrial history and fell on hard times in the middle of the previous century. Tribeca was rescued by the many artists who illegally populated empty industrial lofts in the 1960s. The last forty years have seen Tribeca transform from a mostly abandoned, high crime area to a vital downtown scene and a thriving upscale destination.
What to do:
Tribeca is home to some of New York’s classiest nightspots as well as homey, quintessential downtown bars. Tribeca’s bustling shopping and club scenes have plenty to offer.
Tribeca loft culture:
The Tribeca and Soho loft scenes have a lot in common. Tribeca is home to many vintage loft conversions with the classic trimmings: huge industrial windows, hardwood floors, 14-20 foot ceilings, exposed pipes and more. Tribeca lofts include live/work, residential and commercial spaces and are highly sought-after, leading to very high property values. Tribeca’s newer loft conversions and developments are very luxurious and in sharp demand. Nearly every possible convertible space in Tribeca has been renovated, limiting supply of new lofts and making Tribeca home to some of most exclusive luxury living anywhere.
