The area is located north of the neighborhood of Bakklandet, west of Møllenberg, and south of Nyhavna.

In the late 1990s, the borough went through a major renovation, resulting in a new and expensive area close to the city centre with business, shopping, restaurants, pubs, and housing.

Almost all buses running from the east into town stop at Nedre Elvehavn, as does the commuter train service Trønderbanen at Lademoen Station.

The industrial site became disused in the late 1990s and turned into a new high-end area, though some of the original buildings and artifacts have been kept, including a dry dock and a crane.

Across the street from Nedre Elvehavn is Trondheim Art Academy, part of the Norwegian University of Science and Technology.