[1] Because there are no municipally defined boundaries for the neighborhood, a precise population cannot be quoted, but several sources have suggested that it was one of the fastest-growing locations in New York City between 2010 and 2020, related to the influx of young adults and significant development of new housing units.
Anchored by Wall Street and the Financial District in Lower Manhattan, New York City is the leading global center for finance and fintech.
At the island's southern tip is Battery Park, near the Bowling Green; City Hall is north of the Financial District.
[11] The Dutch West Indies Company subsequently imported African slaves to serve as laborers; they helped to build the wall that defended the town against English and native attacks.
The Dutch Republic sent additional forces to the aid of Kieft, leading to the overwhelming defeat of the Native Americans and a peace treaty on August 29, 1645.
Historians believe their alarm was mostly fabrication and fear, but officials rounded up 31 blacks and 4 whites, all of whom were convicted of arson and executed.
[21] In 1754, Columbia University was founded under charter by George II of Great Britain as King's College in Lower Manhattan.
The city became the political and military center of operations for the British in North America for the remainder of the war and a haven for Loyalist refugees.
New York grew as an economic center, first as a result of Alexander Hamilton's policies and practices as the first Secretary of the Treasury and, later, with the opening of the Erie Canal in 1825, which connected the Atlantic port to the vast agricultural markets of the North American interior.
[25][26] Immigration resumed after being slowed by wars in Europe, and a new street grid system, the Commissioners' Plan of 1811, expanded to encompass all of Manhattan.
The area's demographics stabilized, labor unionization brought new protections and affluence to the working class, the city's government and infrastructure underwent a dramatic overhaul under Fiorello La Guardia, and his controversial parks commissioner, Robert Moses, ended the 'blight' of many tenement areas, by demolishing slums, factories, and working-class neighborhoods through public works such as the High line, the West Side Highway and FDR Drive, built housing projects, expanded new parks, rebuilt streets, and zoning controls, especially in Lower Manhattan.
The original DLMA plans called for the "world trade center" to be built along the East River, between Old Slip and Fulton Street.
[40] Rather than dumping the spoil at sea or in landfills, the fill material was used to expand the Manhattan shoreline across West Street, creating Battery Park City.
Several of the city's leading jazz clubs are still located in Greenwich Village, which was also one of the primary bases of the American folk music revival of the 1960s.
Punk rock and its musical derivatives emerged in the mid-1970s largely at two Lower Manhattan venues, CBGB on Bowery in the western edge of the East Village, and Max's Kansas City on Park Avenue South.
At the same time, the area's surfeit of appropriated industrial lofts, played an integral role in the development and sustenance of the minimalist composition, free jazz, disco, and electronic dance music subcultures.
The area's many nightclubs and bars, though mostly shorn of the freewheeling iconoclasm, pioneering spirit, and do-it-yourself mentality that characterized the pre-gentrification era, still draw patrons from throughout the city and the surrounding region.
In the early 21st century, the Meatpacking District, once the sparsely populated province of after-hours BDSM clubs and transgender prostitutes, gained a reputation as New York City's trendiest neighborhood.
The 7 World Trade Center was not struck by a plane but uncontrolled fires that were caused by falling debris resulted in the building's collapse; a first in the history of steel framed skyscrapers.
[48] About 400,000 people, including rescue workers and residents of the area were exposed to toxic dust and debris; many developed serious respiratory illnesses, cancers, and other harms arising from the attack, and 3,496 died.
This was largely due to growth and diversification in the local workforce with gains in employment sectors like Technology, Advertising, Media and Information, as well as Hotel, Restaurants, Retailing, and Health care.
[55] On October 29 and 30, 2012, Hurricane Sandy ravaged portions of Lower Manhattan with record-high storm surge from New York Harbor, severe flooding, and high winds, causing power outages for hundreds of thousands of Manhattanites and leading to gasoline shortages and disruption of mass transit systems.
The storm and its effects have prompted the discussion of constructing seawalls and other coastal barriers around the shorelines of Manhattan and the New York City metropolitan region to minimize the risk of destructive consequences from another such event in the future.
[62] The Village Voice, based at 80 Maiden Lane in the Financial District and historically the largest alternative newspaper in the United States, announced in 2017 that it would cease publication of its print edition and convert to a fully digital venture.
The new office towers built since the attack (including One World Trade Center) have transformed the skyline of Lower Manhattan.
[68] Similarly, Chinatown, which was spawned just east of the original Five Points neighborhood of Lower Manhattan, was born in the 1850s and continues to be the epicenter of culture for the Chinese diaspora.
Lower Manhattan contains many more historical buildings and sites, including Castle Clinton, Bowling Green, the old United States Customs House (now the National Museum of the American Indian), Federal Hall National Memorial commemorating the site where George Washington was inaugurated as the first U.S. President, Fraunces Tavern, New York City Hall, the Museum of American Finance, the New York Stock Exchange Building, South Street Seaport, the Brooklyn Bridge, South Ferry (the embarkation point for the Staten Island Ferry), and Trinity Church.
In 1966, the commercial district of Radio Row on Cortlandt Street was demolished to make way for construction of the former World Trade Center.
The phrase Lower Manhattan may apply to any of these definitions: the broader ones often if the speaker is discussing the area in relation to the rest of the city; more restrictive ones, again, if the focus is on business matters or on the colonial and early post-colonial history of the island.
The largest hub, Fulton Center, was completed in 2014 after a $1.4 billion reconstruction project necessitated by the September 11, 2001, attacks, and involves six separate stations.