TRIBECA

TRIBECA

The character of Tribeca is defined by its industrial past. Tribeca’s landmarked loft conversions provide a richly textured, historic streetscape, side by side with some of the best modern architecture.

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About Tribeca

As a former long-time Tribeca resident and neighborhood expert,  Peter knows the buildings, community, local schools, restaurants, transportation, parks, and other area amenities. Tribeca is the wealthiest zip code in New York by per capita income, and ranks fifth in the country according to Bloomberg News. Tribeca’s loft conversions and high-rise new developments are some of the largest, most luxurious and priciest in the city. It is home to celebrities, entrepreneurs, and the upper echelons of American business.

Unlike Soho’s evolution into a busy, mixed-use, retail shopping district; Tribeca has stayed truer to its original low-key character. Nightlife in Tribeca is subdued and more of a destination for fine dining than late-night partying. There are restaurants and boutiques, but Tribeca remains relatively quiet and understated. The annual Tribeca Film Festival, which began in 2002 in response to the 9/11 attacks which impacted the area, has turned the name Tribeca into a global brand. The triangle is bounded by Canal Street, the Hudson River, Broadway, and Chambers Street.

Most of Tribeca’s buildings date from the late 19th and early 20th centuries, when it was a center of the textile industry and the bread basket  of the NYC. In its early days, the piers along the Hudson received barges of fresh meat, dairy, and produce from upstate and sold them at the Washington Market on Tribeca’s southern border. The area fell into decline in the 1960s as its industrial base moved to the Hunt’s Point Market in the Bronx. Its current incarnation, as well as its name, dates from the 1970s, as it transitioned from manufacturing to live-work residential. Tribeca or TriBeCa stands for the ‘Triangle Below Canal Street’.

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As in neighboring Soho, artists attracted by large, cheap, loft spaces in manufacturing buildings, breathed new life into the area. These stately palaces of 19th century industrial-age cast-iron loft buildings, with oversized spaces were often neglected. They were saved by adaptive reuse as the homes and studios of artists, who reinvented the neighborhood and planted the seeds of modern Tribeca. In 1992 the first Tribeca Historic District (https://hdc.org/borough/tribeca/) was established to preserve the splendid architectural beauty of the area. The lofts remain today and their value has soared. New additions like Herzog & De Meuron’s ‘Jenga’ tower at 56 Leonard Street feature cutting edge architecture, and offer a more modern residential lifestyle.

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Peter Comitini has helped clients to make sense of the NYC real estate marketplace for two decades, by providing boutique brokerage services and superior marketing to power their deals to the closing table. Results speak. He’s consistently ranked in the top 1% of his company’s agents nationally. If you’re talking about buying or selling a home, Peter should be a part of that conversation.

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