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A Retail Reinvention of Manhattan's Financial District

Published Tuesday, January 01, 2008

For decades, Manhattan's Financial District held zero cachet as a shopping destination. Its crooked street grid, which bears little in common with the uniform retail corridors of Madison Avenue and Fifth Avenue, didn't help. Manhattan's southernmost tip also became a ghost town every weekend. But over the past six years, Lower Manhattan has undergone a dramatic transformation. As both locals and tourists alike continue to flock to the downtown area, blue-chip retailers are following them into the nation's third largest business district. Here are some recent examples: In June, luxury retailer Hermes opened a 4,000 sq.

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