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Upswing of Families in Financial District


By

Jen Chung

Published Feb 22, 2009

Modified Feb 22, 2009


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By

Jen Chung

Published Feb 22, 2009

Modified Feb 22, 2009


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The financial firms may be doing poorly on Wall Street, but there's a baby boom in the Financial District! The NY Times dubs the area the "Diaper District" and speaks to doormen at condo 80 John Street who say 22 babies were born to residents last year—"And we have about two or maybe three more expecting. There were so many, we lost count"—as well as parents who explain the migration—"A lot of people that I know from the group lived in rentals in TriBeCa and Battery Park City, and when it came time to buy, they couldn’t afford to stay where they were, but the Financial District offered more space for less money." Services for families are emerging, like preschools, more diapers at stores, children's clothing stores, though some residents still want more retail and restaurant options. Hey, this might be a great idea for laid-off investment bankers—developing services to cater to the families downtown...they know the neighborhood, after all! And one mom approved of neighborhood, "It’s a weird mix of baby carriages and people rushing to the rat race, but it works.”

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Diaper District

families

financial district

ny times


Jen Chung

Jen Chung is a former WNYC and Gothamist editor.

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Gothamist is funded by sponsors and member donations


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