Tribeca is a neighborhood in Lower Manhattan, New York City. Its name is an acronym from "Triangle Below Canal Street";the "triangle" – actually closer to a trapezoid, or a triangle with the peak cut off – is bounded by Canal Street, West Street, Broadway, and Vesey Street. Tribeca is dominated by former industrial buildings that have been converted into residential buildings and lofts, similar to those of the neighboring SoHo-Cast Iron Historic District. In the 19th and early 20th centuries, the neighborhood was a center of the textile/cotton trade.
During the late 1960s and '70s, abandoned and inexpensive Tribeca lofts became hot-spot residences for young artists and their families because of the seclusion of lower Manhattan and the vast living space.
Tribeca is one of America's most fashionable and desirable neighborhoods and is known for its celebrity residents. In 2006 Forbes magazine ranked its 10013 zip code as New York City's most expensive. As of 2010, Tribeca was the safest neighborhood in New York City, according to NYPD and CompStat statistics. The neighborhood is home to the Tribeca Film Festival.
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