Environmental Data Record or Log Page

NYC 9/11 Public Portal Document

There has never been r a more exciting time to be a part of downtown. Thanks to the Giuliani administration's plan, for Downtown New York, have formed an the downtown area is evolving into a 24-hour alliance to market 120,000 sq. ft. of newly neighborhood. Already a corporate hotel renovated, Internet-ready space to meet the with restaurant has opened, as have two art needs of smaller, growing information tech­ galleries. Restaurants and retail stores are nology firms. By having a central downtown appearing all over the area. (See box below.) location in New York City's "Silicon Alley," Development deals for hotels, restaurants, businesses on the cutting edge can communi­ stores and apartments are on the drawing cate with each other, network with other board. technology innovators and benefit from dollars-and-cents business initiatives, all in '/I One of the first buildings to take advantage 1. New York City’s nerve center of information of the Lower Manhattan Revitalization Plan technology. The high-tech space, occupying was the New York Information Technology I 320,000 sq. ft. of the seven buildings (includ­ 'Center (NYITC), located at 55 Broad Street. ing NYITC), will provide state-of-the-art It is one of New York City's most innovative telecommunications facilities and business office spaces. Using the NYITC as a model, ( development services to companies involved the owners of six downtown buildings, along in new media, information technology and with the City of New York and the Alliance software development.

t Lower Manhattan Activity • 110 new businesses have opened since the plan took effect, inclutfing the recently renovated lyindote.s on the fi'orld, Morton « of C/dcugo Steak House, flail Street Kitchen K Bar, Bearer Breiring Co., Borders Bookstore and an expanded Stnind Bookstore. Other major retail chains are scouting for space as well. • 850 apartments have been started, 2,000 more are in the pipeline and an estimated total of 7,000 units will be converted to residential use in tlie. next seven years. as

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