Due to its location and alleged shape on a map, Tribeca is a portmanteau of ‘Triangle Beneath Canal Street.’ We’re not sure who’s coming up with the place names because it’s more of a trapezoid shape, but we’ll let it slide because this is an excellent lower Manhattan neighborhood.
In the 1980s and 1990s, Tribeca transformed from an industrial area to an upscale residential neighborhood. After the terrorist attacks of September 11, 2001, which severely harmed business in this city area, de Niro (and others) founded the now-famous Tribeca Film Festival to attract investment and acclaim to the site.
It worked: today is the result. Tribeca is a vibrant, safe neighborhood, but it’s also one of the city’s most expensive. Living in one of the lovely renovated homes or new luxury condos will set you back a large amount of money: the median home price in this area is $4.4 million. The community vibe and friendly, laid-back people, on the other hand, are praised by both residents and visitors. It also has one of the city’s best public schools. Expats make up nearly one-fifth of the population.
Tribeca doesn’t have the dense shopping that some surrounding neighborhoods do, but it has a mix of unique stores and necessities, such as a grocery store. There are numerous dining options available, ranging from fast food to fine dining.
SoHo bounds Tribeca on the north, Chinatown and the Civic Center on the east, the Financial District on the south, and the Hudson River on the west.