The Tribeca Neighborhood is known for its reconverted Loft apartments as well as up and coming designer luxury buildings that offer truly unique layouts.
The Tribeca Neighborhood, actually named after an abbreviation of ‘Triangle Below Canal Street’, is one of Manhattan’s most popular and most sought-out neighborhoods. It originated as a farmland and was only converted into a living and residential area around the beginning of the 19th Century. Since its residential status was set, the Tribeca neighborhood underwent a transformation as being a neighborhood of textile and cotton production, to finalize its neighborhood identity as an artist and actor haven. The Tribeca Film Festival is now home to the neighborhood, strengthening the artistic and acting community. The overall aesthetic of the neighborhood as well as building availability is predominantly former industrial buildings and reconverted spaces that are now lofts.
The overall rental market in Tribeca is one of the most sought-out in Manhattan due to its beautiful luxury rental buildings as well as the fact that the neighborhood is dense in actors and celebrities. The most popular buildings in the neighborhood are the Powell Building, located on Hudson Street since 1892; the infamous NYTelephone Company Building located on 140 West Street, known for its unique architecture and design.
The neighborhood and the buildings within it saw a tremendous rise in popularity in the late 1960’s due to the fact that many of the industrial spaces and lofts were very cheap to move into. As such, many artists came to these buildings for its peaceful environment and large indoor floor plans. The neighborhood has risen in prices and popularity ever since and is known today, according to Bloomberg, as the 5th richest zip code in the US! It has also become a popular hotspot for many celebrities such as Steven Spielberg, Jennifer Lawrences, Taylor Swift and many more.