FIDI News
The Financial District – FiDi
The Financial District – known as FiDi is located in the borough of Manhattan in New York City.
FiDi is a neighborhood on the southeastern side of Manhattan which comprises of the offices and headquarters of many of the city’s major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. The neighborhood roughly overlaps the boundaries of the New Amsterdam settlement in the late 17th century. As a district, it encompasses roughly the area south of City Hall Park but excluding Battery Park and Battery Park City. The heart of the Financial District is often considered to be the corner of Wall Street and Broad Street, both of which are contained entirely within the district.
Kent Swig has played a large part in helping regenerate FiDi into a thriving commercial hub. In fact, Kent is credited with creating the fun-sounding acronym FiDi as highlighted in this New York Post Article. It is certainly through his efforts that Swig Equities has purchased and/or is in the process of developing in excess of $3 billion of properties, which include holdings in Downtown Manhattan’s FiDi (Financial District) neighborhood comprising of 110 William Street, a 900,000 square foot office building; 80 Broad Street, a 420,000 square foot office building; 90 Broad Street, a 400,000 square foot office building; 44 Wall Street, a 350,000 square foot office building; 48 Wall Street, a 324,000 square foot office building; 5 Hanover Square, a 335,000 square foot office building; 770 Lexington Avenue, a 175,000 square foot commercial office building located in Midtown Manhattan among others.
FiDi in the News
- Two Online Platforms Sign on at 123 William Street, Building Nearly Full
Commercial Observer, January 19th, 2016 - News Corp Remaining in Midtown, 2 WTC Fate in Question
Commercial Observer, January 15th, 2016 - GroupM snatches another 170k sq ft at 3WTC
NY Post, January 4, 2016 - Silverstein signs SNY at 4 WTC
Real Estate Weekly, November 12th, 2015 - Vox nears deal for NYC office at 85 Broad
The Real Deal, November 12th, 2015 - 70 Pine Street adds flavor with new Food Market
NY Post, November 2, 2015 - Interview with Kent Swig
Leaders Magazine, October 2015 - Fashion Trends: The Next Wave of Creative Tenants Moving Downtown
Newmark Grubb Knight Frank Research, September 2015 - 2 WTC to mark FiDi’s “creative” transformation
The Real Deal, September 2, 2015 - Downtown Rebirth
AM New York, May 7, 2015 - Report: Fidi Rules Manhattan’s New Development Roost
The Real Deal, March 31, 2015 - FiDi hospitality king Peter Poulakokos Unveils Le District Food Market at Brookfield Place
NY Daily News, March 25, 2015 - Lower Manhattan 2014 Year in Review
Downtown Alliance, February 18, 2015 - Wall Steet reshaped by office conversions
Jones Lang Lasalle / Downtown Alliance, January 26, 2015 - Emmes Asset Management converting FiDi office tower to residential
The Real Deal, January 29, 2015 - The New New York
Vogue, February 2015 - Ad Firm Cement Bloc Latest Firm to Move Downtown
Crain’s NY Business, December 22, 2014 - One World Trade Center adds advertising co. in leasing route
Real Estate Weekly, November 19, 2014 - BNY Mellon to move HQ to Brookfield Place
Crain’s NY Business, June 26, 2014 - Deal eyed to restart work on 3 WTC
Crain’s NY Business, June 23, 2014 - Westfield Group filling World Trade Center Retail with Ease
Commercial Observer, June 9, 2014 - Westfield’s Underground Mall at World Trade Center Draws Marquee Retailers
Wall Street Journal, June 8, 2014 - Time Inc. Leases 700,000 square feet at Brookfield Place
Crain’s NY Business, May 22, 2014 - A Might Ferry Connection Between Two Far West Sides
Downtown Express, May 22, 2014 - Residential Skyscraper in the works near South Street Seaport
The Real Deal, May 21, 2014 - A Retail Revival in Lower Manhattan
New York Times, May 20, 2014 - Condos Stack up in Downtown Manhattan
Wall Street Journal, May 16, 2014 - Pending Downtown Office Leases could fill 2 million square feet
The Real Deal, May 13, 2014 - WTC Retail Takes a Soho Turn
The Real Deal, May 12, 2014 - 110 William Street Sold for $261.1 Million
Various, May 2014 - Eataly to ‘Ciao Down’ at 4 World Trade Center
NY Post, April 23, 2014 - Brookfield’s $250M Development Rocks Downtown
NY Post, April 21, 2014 - Another Big Media Outfit Moves Downtown
Crain’s NY Business, March 25, 2014 - Time Inc. May Join Media Exodus to Lower Manhattan
New York Times, March 20, 2014 - Lower Manhattan’s Luxury Condos and Upscale Retail May Only Widen the Gap
Commercial Observer, March 20, 2014 - Revlon says so long to Midtown, hello to One New York Plaza
NY Post, March 14, 2014 - Lower Manhattan Off to Strong Start in 2014 per Cushman & Wakefield Data
Commercial Observer, March 4, 2014 - High-Rise Rental Coming to Pine Street
NY Post, March 3, 2014 - Office Conversions, and their Financings, Are Prevalent Downtown
Commercial Observer, March 1, 2014 - Port Authority Funds PATH Link to Newark Airport
Wall Street Journal, February 4, 2014 - Higher Ed Goes Downtown
Wall Street Journal, January 27, 2014 - Downtown leads Manhattan office leasing in 3rd Quarter
The Real Deal, December 2, 2013 - FiDi Investors Bet on Office Developments
The Real Deal, October 10, 2013 - Swig Equities Announces New Lease at 110 William Street
Perspective New York, October 9, 2013 - Chinatown developer plans 26-story Fidi hotel
The Real Deal, September 6, 2013 - Downtown Schooled
NY Post, August 7, 2013 - A Beach Comes to Lower Manhattan
Globe Street (New York), August 1, 2013 - Droga5 Inks 92,000 SF Lease at 120 Wall Street
CoStar Group Research, July 26, 2013 - Residents follow business on migration to Manhattan South
Real Estate Weekly, June 12, 2013 - Transportation drives development and value in NYC
Real Estate Weekly, June 5, 2013 - W. New York Downtown – A Trophy by a Tower
New York Times, May 19, 2013 - New York City to Freshen Water Street
Wall Street Journal, May 7, 2013 - Downtown is back in business
Downtown NYC Magazine, May 1, 2013 - Downtown Office Activity Soars to New Heights
Globe St, April 1, 2013 - 7 Reasons Downtown Is So Compelling
Real Estate Bisnow (NY), January 14, 2013 - 7 Reasons Downtown Is So Compelling
The Real Deal, January 14, 2013 - 7 Reasons Downtown Is So Compelling
The Commercial Observer, October 23, 2012 - Swig Equities Appoints Joseph Shearin Chief Engineer of 80 BroadStreet in FiDi
New York City Biz List, October 10, 2012 - Kent Swig Interview on NYC Residential Market
Leaders Magazine, October 1, 2012 - New Face of Downtown
Real Estate Weekly, October 3, 2012 - Tourist Surge Brings Calls For Services
Wall Street Journal, September 28, 2012 - Media Turning to New Page
Wall Street Journal, August 12, 2012 - Retail Rush Downtown
Wall Street Journal, July 29, 2012 - Lenders Compete for $230M Refinancing at 100 Church Street
Real Estate Weekly, July 18, 2012 - Sundered Greenwich Street Poised to Reopen and Regain Prominence
NY Times, July 17, 2012 - Swig announces 30,230 sf lease at 110 William Street
Real Estate Weekly, July 4, 2012 - Port Authority Approves Plan for GSA Lease at 1 WTC
Real Estate Weekly, June 29, 2012 - Lease Beat: Situs Holdings
The Commercial Observer, January 17, 2012 - Swig Equities Announces Over 53,000 SF of FiDi Leases
Perspective New York, January 12, 2012 - Cocktail/Coffee Bar Demi Monde to Open Next Month
Eater, January 11, 2012 - Real Estate Advisor Situs Takes Space at 48 Wall
The Real Deal, January 11, 2012 - Swig Equities Completes Repair and Restoration of Coppered Eagle Cupola at 324,000 SF 48 Wall Street
New York Real Estate Journal, April 4, 2008 - Restored Landmark Cupola Graces Skyline at 48 Wall
Real Estate Weekly, February 13, 2008 - Winged Victory for a Historic Preservation Project
eOculus, February 5, 2008 - Swig Celebrates Full House at 48 Wall
Real Estate Weekly, July 7, 2007