TriBeCa (an acronym for the words "Triangle below Canal Street") is a neighborhood in downtown Manhattan bounded by Canal Street to the north, West Street to the west, Broadway to the east, and Vesey Street to the south.
Tribeca, like its neighbor SoHo to the north, was once primarily a light manufacturing area but by the 1960s its industrial base had all but vanished. The predominance of empty loft space attracted many artists to the area in the 1970s. Since the 1980s, large scale residential redevelopment has transformed Tribeca into an upscale residential area. Today the building stock is mostly composed of residential condominiums in converted loft buildings as well as a sprinkling of townhouses and boutique hotels.
Tribeca is one of America's most fashionable and affluent neighborhoods and is known for its celebrity residents. While Tribeca and SoHo are very similar both in terms of architecture and character, there is far less traffic in Tribeca and fewer tourists. There are numerous excellent restaurants and bars in Tribeca but there are few grocery stores. Transportation access in Tribeca is excellent with the exception of those areas closer to the Hudson River.