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Exchange Place is a street in the
Financial District A financial district is usually a central area in a city where financial services firms such as banks, insurance companies and other related finance corporations have their head offices. In major cities, financial districts are often home to s ...
of
Lower Manhattan Lower Manhattan (also known as Downtown Manhattan or Downtown New York) is the southernmost part of Manhattan, the central borough for business, culture, and government in New York City, which is the most populated city in the United States with ...
, New York City. The street runs five blocks between
Trinity Place Church Street and Trinity Place form a single north–south roadway in Lower Manhattan, New York City. Its northern end is at Canal Street and its southern end is at Morris Street, where Trinity Place merges with Greenwich Street. The dividing ...
in the west and Hanover Street in the east. Exchange Place was created by 1657 as part of the street plan for the Dutch colony of
New Amsterdam New Amsterdam ( nl, Nieuw Amsterdam, or ) was a 17th-century Dutch settlement established at the southern tip of Manhattan Island that served as the seat of the colonial government in New Netherland. The initial trading ''factory'' gave rise ...
(modern-day Lower Manhattan), as recorded in the
Castello Plan The Castello Planofficially entitled ''Afbeeldinge van de Stadt Amsterdam in Nieuw Neederlandt'' ( Dutch, "Picture of the City of Amsterdam in New Netherland")is an early city map of what is now the Financial District of Lower Manhattan from an ...
. It is composed of parts of two colonial Dutch roads and survives largely as it existed in 1660, although it has been renamed multiple times and was extended in 1836. The current name, which dates from 1827, was derived from the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
's presence near Exchange Place. Several points of interest are located along Exchange Place, including the
New York Stock Exchange Building The New York Stock Exchange Building (also the NYSE Building), in the Financial District of Lower Manhattan in New York City, serves as the headquarters of the New York Stock Exchange (NYSE). It is composed of two connected structures occupyin ...
,
20 Exchange Place 20 Exchange Place, formerly the City Bank–Farmers Trust Building, is a skyscraper in the Financial District of Lower Manhattan in New York City. Completed in 1931, it was designed by Cross & Cross in the Art Deco style as the headquarters of ...
, and 55 Wall Street.


History

Exchange Place was created by 1657, as outlined in the
Castello Plan The Castello Planofficially entitled ''Afbeeldinge van de Stadt Amsterdam in Nieuw Neederlandt'' ( Dutch, "Picture of the City of Amsterdam in New Netherland")is an early city map of what is now the Financial District of Lower Manhattan from an ...
, a street map for the Dutch colony of
New Amsterdam New Amsterdam ( nl, Nieuw Amsterdam, or ) was a 17th-century Dutch settlement established at the southern tip of Manhattan Island that served as the seat of the colonial government in New Netherland. The initial trading ''factory'' gave rise ...
(modern-day Lower Manhattan); the street still survives largely as it existed in 1660. The street incorporates parts of two colonial Dutch roads: ''Heere Dwars Straet'' and ''Tuyn Straet''. Heere Dwars Street (literally The Lord's Cross Street) ran two blocks between Broadway and Broad Street. Tuyn Street, named after gardens, ran one block from Broad Street to William Street. In colonial times, the area was swampland; to drain the swamp, a canal was dug from Exchange Place, along which Broad Street was subsequently built. The area surrounding Broad Street and Exchange Place was known as the "Schaap Weyte" or sheep pasture. In 1692, a
Dutch Reformed Church The Dutch Reformed Church (, abbreviated NHK) was the largest Christian denomination in the Netherlands from the onset of the Protestant Reformation in the 16th century until 1930. It was the original denomination of the Dutch Royal Family a ...
was erected at Exchange Place and Broad Street. The first church building was replaced in 1807, and the second church building burned down in 1835. The church's congregation sold off the site in the 1840s rather than rebuild it. Tuyn Street was renamed Church Street in 1695 and Garden Street in 1797. Garden Street and Oyster Pasty Alley were renamed Exchange Place in 1827, after the Merchants Exchange Building at Wall and William Streets was built that year. In 1836, Exchange Place was extended from William Street to Hanover Street. By the 1830s, the demand for commercial space had increased significantly on Exchange Place and surrounding streets. Many residential buildings on the street were subsequently demolished, and commercial buildings were erected in their place. Exchange Place was a center for financial activity; in 1867, it was reported that $1.6 million had been stolen from one of the banks on Exchange Place. The 1939 '' WPA Guide to New York City'' stated that Exchange Place, together with
Wall A wall is a structure and a surface that defines an area; carries a load; provides security, shelter, or soundproofing; or, is decorative. There are many kinds of walls, including: * Walls in buildings that form a fundamental part of the super ...
and Broad Streets, formed the core of Manhattan's Financial District.


Notable buildings

Exchange Place contains several landmarks and other structures along its route.
1 Wall Street 1 Wall Street (also known as the Irving Trust Company Building, the Bank of New York Building, and the BNY Mellon Building) is a skyscraper in the Financial District of Lower Manhattan, New York City, on the eastern side of Broadway between Wal ...
, a
New York City designated landmark The New York City Landmarks Preservation Commission (LPC) is the New York City agency charged with administering the city's Landmarks Preservation Law. The LPC is responsible for protecting New York City's architecturally, historically, and cu ...
, is located on the north side of the street between
Broadway Broadway may refer to: Theatre * Broadway Theatre (disambiguation) * Broadway theatre, theatrical productions in professional theatres near Broadway, Manhattan, New York City, U.S. ** Broadway (Manhattan), the street ** Broadway Theatre (53rd Stre ...
and New Street. The
New York Stock Exchange Building The New York Stock Exchange Building (also the NYSE Building), in the Financial District of Lower Manhattan in New York City, serves as the headquarters of the New York Stock Exchange (NYSE). It is composed of two connected structures occupyin ...
at 8–18 Broad Street, a
National Historic Landmark A National Historic Landmark (NHL) is a building, district, object, site, or structure that is officially recognized by the United States government for its outstanding historical significance. Only some 2,500 (~3%) of over 90,000 places listed ...
and New York City designated landmark, is on the north side of Exchange Place between New and Broad Streets. The
Broad Exchange Building The Broad Exchange Building, also known as 25 Broad Street, is a residential building at Exchange Place and Broad Street in the Financial District of Lower Manhattan in New York City. The 20-story building was designed by Clinton & Russell an ...
is located at the southeast corner of Broad Street and Exchange Place, while the Continental Bank Building is on the southwest corner of that intersection and
15 Broad Street 15 Broad Street (formerly known as the Equitable Trust Building) is a former office building in the Financial District of Manhattan, New York City, on the eastern side of Broad Street between Wall Street and Exchange Place. It has entrances at ...
is on the northeast corner. The easternmost block of Exchange Place is taken up by two buildings: 55 Wall Street (a
National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic ...
listing and New York City landmark) on the north side and
20 Exchange Place 20 Exchange Place, formerly the City Bank–Farmers Trust Building, is a skyscraper in the Financial District of Lower Manhattan in New York City. Completed in 1931, it was designed by Cross & Cross in the Art Deco style as the headquarters of ...
(a New York City landmark) on the south side. In addition, the
New York City Subway The New York City Subway is a rapid transit system owned by the government of New York City and leased to the New York City Transit Authority, an affiliate agency of the state-run Metropolitan Transportation Authority (MTA). Opened on October ...
's Broad Street station, serving the , has entrances at Exchange Place and Broad Street.


References


External links

* {{Manhattan streets Financial District, Manhattan Streets in Manhattan