Tribeca is an acronym based on the words “Triangle Below Canal Street”. The area was among the first residential
neighborhoods during colonial times beginning in the late 18th century. Because of its proximity to the docks and to the Hudson
River it became a center of industry, primarily textiles, with a large number of stores and factories. The western edge of
the area also became a grocery center for New Yorkers with fresh produce, dairy and meat. The streets of Washington Market
(as it was known then) were clogged with buyers and vendors. It was a chaotic mess contrasting with beautiful Italian and
Romanesque Revival buildings built by wealthy families who owned businesses in the area.
By the 1960s the factories were long abandoned in much the same way as what happened in SoHo. The large spaces attracted artists,
musicians and bohemians who returned the neighborhood to its original residential leanings.
Today Tribeca is
one of the more fashionable and desirable neighborhoods. In 2006 Forbes ranked its 10013 zip code as New York City’s
most expensive. It is known for its celebrity residents. Robert DeNiro moved into the area in the 1990s bringing with him
The Tribeca Film Festival.
Tribeca is bounded
on the north by Canal Street, south by Vesey Street, east by Broadway and west by the Hudson River.
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