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TriBeCa Information
TriBeCa is a neighborhood in downtown Manhattan. The name is a syllabic
abbreviation of "Triangle Below Canal Street." It runs roughly from Canal Street
south to Park Place, and from the Hudson River east to Broadway.
TriBeCa was an industrial district, dominated by warehouse structures, that in
the last decade has undergone a major revitalization. Many warehouses have been
converted to livable residential lofts and new businesses which emerged make the
neighborhood much more like a community than an industrial district. Residents
like the neighborhood for its vibrancy, as well as for the solitude and harmony
achieved by mixed zoning.
TriBeCa is now a fashionable residential neighborhood with an affluent population. Many of the streets are lined with boutique shops and high-end restaurants such as Nobu, Chanterelle and Bouley. TriBeCa is also home to the TriBeCa Film Festival. The neighborhood is a frequent filming location for movies, including the 1984 hit movie Ghostbusters, which took place in a TriBeCa firehouse.
Many celebrities reside in TriBeCa, including Mariah Carey, Harvey Keitel, M. Night Shyamalan, James Gandolfini, Michael Imperioli and Robert DeNiro (who had a very high profile in the district's revival, such as by establishing the annual TriBeCa Film Festival in 2002). David Letterman has a residence there, as did the late John F. Kennedy, Jr..
After the September 11, 2001 attacks, TriBeCa initially suffered financially. However, government grants and incentives provided an infusion of capital and the area rebounded. Amidst the real estate boom of the mid 2000s Tribeca housing prices outpaced even that of the red-hot Manhattan market. Forbes Magazine ranked the 10013 zip code in TriBeCa as the 12th most expensive zip code in the United States in 2006.