Hailed as the most expensive neighborhood in NYC several years in a row, Tribeca is home to more celebrities, artists, and entrepreneurs than any other suburb in the city. But this beautiful area is not all about luxury. Indeed, the wealthy suburb oozes character thanks to its old industrial buildings and cobblestone streets filled with boutiques and restaurants. The more recent luxurious developments haven’t taken from the unique charm of this historic neighborhood.
Just like glitzy SoHo, Tribeca is notable for its countless renovated warehouses that have been turned into immense luxury lofts with massive windows, high ceilings, and high-end finishes. The lofts and penthouses usually harmoniously blend gorgeous original features and modern luxurious additions.
Tribeca is the place to be for affluent professionals and families, and emerging artists looking for a peaceful retreat amid The Big Apple.
Now, you might find the name ‘’Tribeca’’ pretty unusual, and it is. The name was coined by artists in the 1970s. It is actually short for the “Triangle Below Canal Street.”
Located in Lower Manhattan, Tribeca is bordered by the financial district and the trendy suburb of SoHo. It stretches from Broadway in the west to the Hudson River in the east and extends from Canal Street to Vesey Street, at the corner of the World Trade Center.
During colonial times, what we now call Tribeca was the first residential community to be built outside of the city. And in the 1800s, it became an industrial and commercial center.
But what few people know is that the bustling Canal Street used to be a saltwater swamp surrounded by rolling hills. Between 1800 and 1806, the water was drained, and the land flattened to develop real estate. As a result, Manhattan was extended out onto the Hudson River, creating Tribeca.
In 1817, the construction of the Erie Canal helped connect New York to Europe and West America. The completion of the project significantly contributed to propelling NYC as the number one seaport in America. In 1825, Tribeca became the industrial heart and soul of Manhattan until the early 20th century.
What’s more, the neighborhood was also known as the Butter and Egg District. Indeed, several buildings in Tribeca were designed to keep food cool thanks to their thick walls. There was also a pumping system pumping water from the Hudson to keep the ice inside the buildings cold. This would, in turn, allow produce vendors to keep their milk, butter, and eggs fresh.
The former New York Mercantile Exchange is located in the Tribeca West Historic District and was a place where buyers and sellers would trade commodities.
Today, Tribeca combines pre-Civil War architecture with Neo-Grec designs and wrought-iron facades adorning low-rise lofts, luxurious towers, and modern lower buildings.
Education, Culture, and Lifestyle
The vibrant suburb is packed with fun and exciting things to do. Along the streets, you’ll find hip boutiques, lively eateries, and countless trendy bars.
If you’re a bit of a breakfast addict and love a good coffee, you can’t go wrong with Two Hands.
This Australian cafe is an institution in Tribeca. It has a very relaxed atmosphere, and the incredible coffees will transport you right to a classic Melbourne cafe. The food is also delicious and features many Australian specialties, such as the popular walnut banana bread or smashed avocado on sourdough with poached eggs.
After breakfast, head on over to the Hudson River Park to soak in some of the best views the city has to offer, among which are the Statue of Liberty and the Empire State Building. The 555-acre park features many facilities and can be a lot of fun. On a nice day, you can either ride a bike along the river, play a game of volleyball on a sand court at the famous Pier 25, or just relax under a tree.
For lunch, head to Odeon, a French bistro, or to Tiny’s and the bar upstairs, an American-inspired restaurant set in an historical 1810 townhouse with outdoor seating.
Later, enjoy the best of Tribeca’s nightlife and make your way to the Brandy Library for an indulgent cocktail. End the perfect day at the Rattle and Roll Pianos for some live music.
Tribeca is also home to 368, an incubator for creators to collaborate, and the Poets House, where visitors can attend poem readings.
Are you a culture enthusiast? Founded by Robert DeNiro to increase Lower Manhattan’s appeal after 9/11, The Tribeca film festival takes place every year in spring. It showcases various films, games, talks, and music performances.
Transit and Real Estate
There are plenty of modes of transportation connecting Tribeca to the rest of the city. The easiest way to travel is by subway.
The 1 train stops at Canal, Franklin, and Chambers. Chambers is also served by the 2 and 3 express lines. Canal St station near West Broadway is served by the A, C, and E trains.
You’ll also find buses and taxis in the area.
The average rent for a 1-bedroom apartment in Tribeca is $3,800. After all, sharing the same neighborhood as celebrities comes at a price. While Tribeca is cheaper than the trendy nearby SoHo Neighborhood, the median sale price for a home still is $3.85 million, with some properties reaching a whopping $40 million +.
If we were to describe the suburb’s attributes in a few words, we’d go for ‘’classical yet modern architecture in a vibrant and sophisticated atmosphere blessed with a central location, priceless views, and incredible amenities’’. And of course, all this doesn’t come cheap!