363:
hosted compliance solutions for financial services opened its new data center in the region with 10 job creation. By that time, Level 3 Communications indicated that it would not build the fiber optic link unless more financial services firms commit to locate in the region and buy services from them. Part of the difficulties in attracting more companies was that many financial institutions were more comfortable with the shorter range of 70 kilometres (43 mi) from
Manhattan which caused many financial firms to build out their new data centers in
28:
392:
110:
1172:
490:
in 1890 and the Ideal Cement
Building in 1907. By that time, 17th Street had begun to be referred to as the "Wall Street of the West." After the Colorado National Bank (First National Bank) was constructed in 1911, it reaffirmed its central business district's Wall Street status. 17th Street was also
507:
was born. The district continued to flourish for many decades until the 1960s when companies started shifting toward the western part of the downtown area. By the early 1980s, partly due to bank mergers and consolidations, many buildings were empty and the Spring Street showed no sign of its past as
241:
The boom since 2001 was short-lived. By 2007, the vacancy rate had increased and some financial firms had scaled down their plans. UBS changed their plans to fully occupy the newly constructed building. Goldman Sachs only partially occupied its building and planned to build a new headquarters in New
326:
cable from New York City to the region. The region was chosen as it was still within 125 miles (201 km) from
Manhattan which was considered far enough to sustain a major disaster but still within the range of instantaneous data transmission via fiber optics. The first project was Penn Regional
465:
have become more prominent features of the financial district and neighboring Union Square. Theories advanced range from crime, drugs, and homelessness, to the West Coast's and particularly San
Francisco's challenge to remain a relevant commercial and financial center given its relative geographic
362:
in New Jersey. This was to address the shortcoming of direct high-speed communication which was required by Wall Street firms. However, by June 2008, the initiative was unable to attract any Wall Street firm to the region with an exception of one financial services related company. A company which
531:
offices, railroad offices and other support businesses. The business grew to the peak at 1944 which processed 5,277,496 head of livestock. After that year, the livestock exchange business started to decline until its low point in 1986. The
Livestock Exchange Building is now a historical site.
1180:
478:, Colorado, the city started picking up some shares of commercial buildings in the late 19th century. There was a push by the local politicians to transform its Seventeenth Street to become the "Wall Street of Denver" as seen in an 1892 pamphlet in promoting the
221:
area. Office space in Jersey City's waterfront became boom again due to its proximity to Lower
Manhattan and the ferry services which were not affected by the attacks. By the end of September 2001, ten of the largest 18 firms from the
425:
Montgomery Street in San
Francisco started its transformation from the street with wood shacks, warehouses and retail stores in the 1850s. By the 1870s, more notable buildings were constructed to replace the old wood shacks and the
561:, February 4, 2016. Accessed July 18, 2017. "Development along the Hudson River waterfront led to the development of the 'Wall Street West' financial district, one of the largest centers of banking and finance in the nation."
217:, there were renewed interests from financial firms to diversify their workforce to be outside of Manhattan. At the same time, there was an immediate need to find office space for misplaced workers who used to work in the
502:
also picked up a share of financial companies starting in the early part of the 1900s. The new financial buildings were concentrating along South Spring Street. The title of "Wall Street of the West" was used and the
330:
At the beginning of the initiative, Ben
Franklin Technology Partners of Northeast Pennsylvania (BFTP/NEP), a state-funded economic development network, worked closely with the Pennsylvania Department of
336:
322:
in nine counties: Northampton, Berks, Monroe, Carbon, Pike, Wayne, Luzerne and
Lackawanna. He also pledged to invest in office space construction, infrastructure improvement and installation of
1379:
The Union Square area of downtown has been struggling with an increase in crime in recent years, coupled with losing several big retailers since 2020, including Crate & Barrel, DSW and Gap.
1325:
The Union Square area of downtown has been struggling with an increase in crime in recent years, coupled with losing several big retailers since 2020, including Crate & Barrel, DSW and Gap.
430:. The street continued to develop from that point with financial services companies located in that area. The Montgomery Street has been known as "Wall Street of the West" to date. The
340:
198:
was started in the late 1980s. It was planned as a mixed-use community with office, residential and retail buildings. By early 2001, Newport had gained major tenants including
519:
was known as the "Wall Street of the West" starting in the early 1900s similarly to Los
Angeles's South Spring Street. However, it was not the financial companies that gave
249:
As the economy started to recover between 2011 and 2012, large leases started to pick up again, especially in the Newport area with major financial institutions such as
246:. The office space vacancy rate spiked as investment bank tenants started collapsing. The downturn economy dampened real estate growth in the area for many years.
1140:
1906 San Francisco Earthquake Centennial Field Guides: Field Trips Associated With the 100th Anniversary Conference, 18-23 April 2006, San Francisco, California
332:
949:
892:
600:
558:
735:
303:
258:
370:
Without a commitment from financial services companies, the decision was made in 2009 to expand the Wall Street West mission to include healthcare,
295:
1337:
550:
422:
has been known by that nickname to date. Other places were known by that name for a period of time until the industry moved out to other areas.
458:
709:
483:
1229:
1506:
974:
318:, announced the creation of "Wall Street West" initiative to attract 20 potential Wall Street firms to move their backup facilities to
223:
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443:
431:
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683:
504:
761:
631:
243:
344:
289:
145:
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accelerated a continuing exodus of business from the downtown core of San Francisco. Significantly high levels of crime and
306:
recommended that the data backup facilities of Wall Street firms should be moved away from New York City with a different
922:
268:
jobs in Jersey City. Within the Financial Service cluster, there are three major sectors: more than 60 percent are in the
866:
657:
1109:
1007:
149:
479:
435:
153:
113:
1366:
1312:
210:
By that time, the "Wall Street West" expanded to include the entire waterfront area from Newport to Exchange Place.
1202:
359:
319:
207:
141:
1032:
527:
trading. In 1902, the Livestock Exchange Building was constructed to house many livestock commission companies,
1489:"National Register of Historic Places Inventory - Nomination Form: Spring Street Financial District, at page 8"
1488:
900:
608:
491:
called the "Wall Street of the Rockies" at a later time as it attracted other premier financial institutions.
434:
has been expanded to cover the triangular area east of Grant Avenue, south of Washington Street, west of the
1299:
On any given week in San Francisco, office buildings are at about 40 percent of their prepandemic occupancy.
1255:
133:
90:
55:
34:
572:
351:
157:
27:
1033:"Early Implementation of Generation I WIRED Initiative 2007 Site Visit Highlights Wall Street West WIRED"
238:
at the time were planning to move its headquarters to the new building being constructed in Jersey City.
520:
407:
466:
isolation from other North American commercial centers in a era of increasingly ubiquitous e-commerce.
547:
1563:
447:
254:
214:
195:
165:
161:
101:
downtown made median rental rates in Jersey City among the highest of any city in the United States.
86:
31:
1536:
454:
giving the shorter name of the financial district than its typical name as Wall Street of the West.
812:
364:
269:
171:
Another major development in Exchange Place started with a plan to redevelop the 34-acre former
1514:
1144:
516:
415:
395:
371:
176:
172:
140:
had a major relocation to it in 1985. Other major financial firms followed shortly after with
129:
40:
1391:
981:
227:
78:
840:
554:
487:
439:
299:
218:
188:
311:
265:
203:
17:
1557:
419:
399:
235:
231:
184:
137:
71:
1256:"New York is roaring back from the worst of the pandemic. Why isn't San Francisco?"
462:
125:
59:
44:
391:
194:
On the northern end of Jersey City's waterfront, another major development called
1436:
1138:
499:
354:
for a $ 40 million project to build a new fiber optic network from Manhattan to
323:
180:
75:
486:. Other buildings were constructed at other corners of 17th Street such as the
528:
315:
307:
98:
94:
63:
1413:
975:"Your Gateway to Opportunity, Enterprise Zone Five Year Strategic Plan 2010"
813:"Construction of ISO Commercial Tower/Newport IV Building Ahead of Schedule"
524:
375:
277:
250:
121:
67:
264:
Currently, "Wall Street West" employment contributes to one-third of the
787:"Knight/Trimark Group Signs Lease for New World Headquarters at Newport"
261:
also moved the majority of its workforce from Manhattan to Jersey City.
109:
1487:
Tim Sitton (Los Angeles County Museum of Natural History) (July 1977).
427:
343:(WIRED). The management was later turned to an independent unit called
450:, the protesters went through the financial district under the banner
475:
350:
In June 2007, the initiative received an $ 8 million commitment from
1353:
One of the most significant factors is..the isolation of our market.
390:
108:
82:
66:
in the United States to call particular streets or places west of
26:
632:"This New Jersey city is now America's most expensive to live in"
1468:. United States Department of the Interior National Park Service
923:"New Jersey's 'Wall Street West' Quakes Amid Namesake's Turmoil"
273:
1230:"Downtown San Francisco is dying. This bill could help save it"
1115:. Ben Franklin Technology Partners of Northeastern Pennsylvania
116:, the southern part of Wall Street West in Jersey City, in 2010
1203:"Occupy Wall Street West: New Movement Rises In San Francisco"
1110:"Bringing Energy to Economic Development - Annual Report 2009"
980:. Jersey City Economic Development Corporation. Archived from
199:
1228:
San Feancisco Chronicle Editorial Board (August 21, 2022).
120:
In the 1980s, some financial companies started moving from
1394:. Center of the Colorado & the West at Auraria Library
710:"Lehman Bros. to Move 900 Back-Office Jobs to Jersey City"
950:"In Jersey City, a LeFrak Office Project Awaits a Tenant"
1283:"What Comes Next for the Most Empty Downtown in America"
414:" has been used in the latter part of the 19th century.
1367:"The Container Store near Union Square plans to close"
1313:"The Container Store near Union Square plans to close"
97:. By the early 2020s, the construction of residential
1132:
1130:
341:
Workforce Innovation in Regional Economic Development
339:
to develop a proposal for the federal grants through
1280:
Conor Dougherty; Emma Goldberg (December 17, 2022).
136:. The area earned the name "Wall Street West" after
168:were planning to have their major workforce there.
1281:
684:"Real Estate; Jersey City Project on Colgate Site"
314:than New York. In 2006, Governor of Pennsylvania,
156:was built with anticipation of more relocations.
1392:"Spirits and Scandals on 17th and Stout Streets"
148:(DLJ) moved into a new 20-story building in the
1338:"California shows perils of imported oil habit"
242:York. Wall Street West suffered further by the
234:moved some of their operations to Jersey City.
860:
858:
843:. Jersey City Economic Development Corporation
595:
593:
1143:. Geological Society of America. p. 17.
175:soap factory in 1988. The first building was
8:
736:"On the Hudson, a City Within Jersey City"
559:United States Department of Transportation
1416:. HMdb.org The Historical Marker Database
658:"On the Jersey City Docks, Wall St. West"
548:A Vision for Smart Transit in Jersey City
304:Office of the Comptroller of the Currency
259:Depository Trust and Clearing Corporation
85:. The most notable for that is along the
1537:"A History of the Fort Worth Stockyards"
1008:"Pa. Wants to Become 'Wall Street West'"
144:building its domestic subsidiary there.
1459:"Historic Resources of Downtown Denver"
1137:Prentice, Carol S. (28 February 2006).
708:Deutsch, Claudia H. (14 October 1993).
540:
296:U.S. Securities and Exchange Commission
459:COVID-19 pandemic in the United States
347:with a 17-member Executive Committee.
893:"NJ waterfront vacancies remain high"
656:Williams, Winston (28 October 1988).
573:"Model of urban future: Jersey City?"
7:
1505:Rafter, Michelle (5 November 1997).
1466:National Register of Historic Places
1085:"Why Wall Street West Has Struggled"
1059:"Wall Street West Gets Level 3 Link"
1006:Rubinkam, Michael (8 October 2006).
891:Kornreich, Leron (17 October 2007).
762:"UBS Nears Jersey City Office Lease"
734:Hevesi, Dennis (13 September 1998).
294:After the September 11 attacks, the
1494:. Los Angeles Conservancy web site.
374:and diversified manufacturing, and
142:National Westminster Bank of London
1365:Tessa Mclean (November 30, 2022).
1311:Tessa Mclean (November 30, 2022).
682:Lyons, Richard D. (15 June 1988).
444:San Francisco's Financial District
337:Community and Economic Development
327:Business Center in Monroe County.
74:that have a high concentration of
25:
1437:"Denver's Famous Street Lighting"
607:. 28 October 2001. Archived from
601:"Jersey City: "Wall Street West""
865:Gelsi, Steve (9 February 2002).
760:Herman, Eric (13 January 2001).
605:Bloomberg Business Week Magazine
505:Spring Street Financial District
484:Equitable Life Assurance Society
146:Donaldson, Lufkin & Jenrette
1173:"TV Taking Stock of 1929 Crash"
948:Hughes, C. J. (17 April 2012).
817:Cushman Wakefield Press Release
630:Mary K. Jacob (July 29, 2022).
571:Hampson, Rick (16 April 2007).
378:and transportation industries.
358:with a branched-off network in
290:Wall Street West (organization)
523:its Wall Street name, but the
508:one of the financial centers.
1:
1435:Gentry, Garland (July 1908).
1254:Roland Li (August 13, 2022).
1057:Miller, Rich (13 June 2007).
310:, transportation network and
47:, is dubbed Wall Street West.
1414:"Wall Street of the Rockies"
1179:. p. G1. Archived from
1171:Smith, Cecil (22 Jul 1980).
1083:Miller, Rich (26 May 2008).
1038:. Berkeley Policy Associates
839:Cadenilla, William (2002).
406:For those locations in the
154:Harborside Financial Center
1580:
553:December 26, 2016, at the
287:
382:"Wall Street of the West"
320:Northeastern Pennsylvania
284:Northeastern Pennsylvania
208:Insurance Services Office
867:"Wall Street moves west"
1260:San Francisco Chronicle
1234:San Francisco Chronicle
452:Occupy Wall Street West
412:Wall Street of the West
134:Jersey City, New Jersey
87:Hudson River waterfront
18:Wall Street of the West
1507:"Spring Hopes Eternal"
403:
352:Level 3 Communications
117:
56:real estate developers
48:
1089:Data Center Knowledge
1063:Data Center Knowledge
521:Fort Worth Stockyards
446:as a continuation of
442:had a protest at the
408:Western United States
402:'s financial district
394:
244:2008 financial crisis
179:with more than 3,000
112:
30:
1369:. Hearst Corporation
1315:. Hearst Corporation
791:Knight Press Release
448:Occupy San Francisco
438:. In 2012, when the
272:; 20 percent are in
255:Fidelity Investments
215:September 11 attacks
166:Chase Manhattan Bank
162:Royal Bank of Canada
128:to settle along the
1539:. stockyards Museum
1012:The Washington Post
929:. 17 September 2008
841:"The Sixth Borough"
611:on October 19, 2012
276:; and 8 percent in
270:securities industry
150:Exchange Place area
124:to the west of the
79:financial companies
1288:The New York Times
987:on 28 October 2013
954:The New York Times
819:. 22 February 2000
740:The New York Times
714:The New York Times
688:The New York Times
662:The New York Times
480:Equitable Building
432:Financial District
404:
372:advanced materials
365:Central New Jersey
333:Labor and Industry
224:World Trade Center
191:moved in by 1993.
118:
54:is a name used by
49:
1511:Los Angeles Times
1209:. 18 January 2012
1177:Los Angeles Times
517:Fort Worth, Texas
416:Montgomery Street
396:Montgomery Street
177:101 Hudson Street
173:Colgate-Palmolive
43:, located on the
16:(Redirected from
1571:
1549:
1548:
1546:
1544:
1533:
1527:
1526:
1524:
1522:
1517:on March 7, 2014
1513:. Archived from
1502:
1496:
1495:
1493:
1484:
1478:
1477:
1475:
1473:
1463:
1455:
1449:
1448:
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1190:
1188:
1183:on June 30, 2013
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912:
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908:
899:. Archived from
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853:
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848:
836:
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356:East Stroudsburg
345:Wall Street West
228:American Express
158:Daiwa Securities
52:Wall Street West
39:
21:
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1207:Huffington Post
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579:
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555:Wayback Machine
546:
542:
538:
514:
497:
488:Boston Building
472:
440:Occupy movement
389:
384:
300:Federal Reserve
292:
286:
226:area including
219:Lower Manhattan
189:Lehman Brothers
107:
37:
23:
22:
15:
12:
11:
5:
1577:
1575:
1567:
1566:
1556:
1555:
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1550:
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1497:
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1441:Public Service
1427:
1405:
1383:
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1342:Herald-Tribune
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1303:
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1220:
1194:
1163:
1149:
1126:
1101:
1075:
1049:
1024:
998:
966:
940:
914:
903:on 28 May 2013
883:
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537:
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510:
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471:
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388:
385:
383:
380:
285:
282:
266:private sector
204:Knight Capital
114:Exchange Place
106:
103:
60:city officials
24:
14:
13:
10:
9:
6:
4:
3:
2:
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1150:9780813700076
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897:The Real Deal
894:
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842:
835:
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793:. 17 May 2000
792:
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767:
766:NY Daily News
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636:New York Post
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460:
457:However, the
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