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2015 Annual Repor t

PROGRESS

HISTORY TRADITION

NEWPAST PRESENT

TRANSFORMATION

OLD

RESIDENTIAL

ORIGINAL

COMMERCIAL

CUTTING-EDGE

THE POWER OF CONTRAST

“Lower Manhattan is back.”— Condé Nast Traveler

ADNY Annual Report 2015 | 3| ADNY Annual Report 20152

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2016 22 27

8 10 14A MESSAGE FROM THE CHAIR & PRESIDENT

OUR WORK: LOWER MANHATTAN HQ

LOWER MANHATTAN: THE POWER OF CONTRAST

OUR WORK: OPERATIONS

SURGING AHEAD:LOWER MANHATTAN’S ECONOMIC REVIVAL

OUR WORK: COMMUNICATIONS

OUR WORK: ECONOMIC DEVELOPMENT

FINANCIALS

INDEX


A MESSAGE FROM THE CHAIR & PRESIDENT

In the past year, it was hard to keep up with all that was changing in the landscape of Lower Manhattan: a bevy of brand-new places to shop and eat; state-of-the-art office buildings opening; and the introduction of new tourist attractions, hotels and apartment buildings. The unveiling of the reinvented Brookfield Place ushered in a host of intriguing dining and shopping options and offered a glimpse of what is to come. One World Observatory debuted as a marquee attraction at the top of One World Trade Center, drawing more than 1 million visitors in its first three months alone, while the National September 11 Memorial Museum welcomed 3 million people in 2015. Overall, tourism had a great year in Lower Manhattan, with a 14 percent annual increase in visitors.

Santiago Calatrava’s spectacular Oculus and Transit Hub opened at the World Trade Center, and the shops are expected to open before the end of the year. A rejuvenated Battery yielded new bike paths and walkways, a lush new greenspace called the “Battery Oval” and the magnificent SeaGlass Carousel — a destination for all ages. On the east side, the continuing revitalization of the Seaport District and the reinvigoration of the Water Street Corridor — a long-time Alliance priority — have contributed to the district’s vibrancy.

And we hit another different kind of milestone in the area: Private sector employment in 2014 reached its highest level since the 9/11 attacks, and should only keep growing. According to a new Alliance report (see page 10), Lower Manhattan’s powerful economic momentum — driven by an increasingly diverse combination of new industries and the public’s investment of billions of dollars in capital projects — will unleash unprecedented growth and opportunities in the years ahead.

The commercial market is now more diverse than ever before, and many companies — including Time Inc. and Condé Nast — settled into their downtown digs in 2015. These new arrivals are changing not only the area’s economic makeup, but also its social and cultural fabric. Lower Manhattan is now one of New York’s hottest neighborhoods, with an undeniable energy pulsing in the streets. In order to tap into that energy and to better serve newcomers and long-timers alike, the Downtown Alliance launched a first-of-its-kind collaboration

and innovation hub called LMHQ. Located at 150 Broadway, LMHQ serves as an annex to the traditional office space, supporting new ways to work and conduct business. It features conference rooms and a large event space for rent to the public and has both individual and corporate members. It opened last July, and we’ve been excited by the great response to this cutting-edge new facility (learn more on page 16). Please come by and check it out.

In addition to opening LMHQ, the Alliance collaborated with our partners in the private and public sectors last year in a myriad of other ways to advance the best interests of this unique neighborhood. We advocated successfully for incentives to improve the business climate, expanded our free public WiFi network, revamped our website, significantly grew our collection of video and photographic assets to better market the neighborhood, overhauled and enhanced our free bus service and also helped secure critical resiliency funding for Lower Manhattan.

We also worked hard to keep the area clean and safe. In fiscal year 2015, our operations team made 891,817 public safety contacts, removed 148,866 bags of trash, improved our parks and green spaces, and provided basic information to nearly 1 million visitors. In support of the city’s historic ticker-tape “Canyon of Heroes” parade for the U.S. Women’s soccer team on July 10th, our staff supplied around two tons of confetti and also provided supplemental security and sanitation services to help clean that all up! We also organized a wide-ranging series of events — from our wildly popular food fair (Dine Around Downtown) to our summer programming series (GameOn!) — that promoted Lower Manhattan businesses and highlighted much of what this dynamic neighborhood has to offer.

Lower Manhattan’s growing mix of companies and people fuels our vitality. As this unique neighborhood continues to evolve, the Alliance will keep working with our partners, new and old, to feed Lower Manhattan’s new era of optimism.

Jessica Lappin President

Alan M. Scott Chair


“It’s as if the island’s center of gravity has shifted.”

— The New York Times


LOWER MANHATTAN:THE POWER OF CONTRAST

It is steeped in tradition, yet also thrives on innovation. It is a place of staying power and adaptability, resiliency and evolution. Lower Manhattan is old and new, residential and commercial, charming and tough, historic and cutting-edge. It is a neighborhood of bankers and tech gurus, of students and tourists, of young families and retirees.

The blend of diverse elements and people is the key to Lower Manhattan’s strength. The idea of a mixed-use neighborhood was the centerpiece of a plan hatched more than 20 years ago to reinvent the area — to make it a robust, dynamic, 24/7 neighborhood, a place to work, live and play. In 2016, that vision is succeeding beyond anyone’s expectations. To cite one example, the area’s leasing activity demonstrates the swiftly changing mix of industries that now make up the private sector (see chart on opposite page).

The area’s new and powerful economic momentum — driven by an increasingly robust combination of new industries and the investment of billions of dollars in capital projects — has set the stage for even more remarkable progress in the years ahead.

Professional Services - Coworking/Flex Office

Professional Services — Other

TAMI (Technology, Advertising, Media, Information)

FIRE (Finance, Insurance,

Real Estate)

Other — Retail Trade

Nonprofit

Government

Other Services

Health Care

Education

23%

9%

26%19%

6%

5%5%

2%3%1%

NEW LEASING ACTIVITY BY INDUSTRY IN LOWER MANHATTAN, 2015*

Source: Jones Lang LaSalle

*Figures may not add up to 100% due to rounding.


POST 9/11 236,737 Q4 2001

GREAT RECESSION 199,491 Q4 2009

PEAK SINCE2001 227,069 Q4 2014

40,000 NEW JOBS OVER5-YEAR PERIOD 267,069 Q4 2019

Most of Lower Manhattan’s workforce — a total of 70 percent — lives in the city’s five boroughs (see the graphic on the right).

The next several years will usher in even more employment growth and economic activity in Lower Manhattan, according to a Downtown Alliance report released in 2015. “Surging Ahead: Lower Manhattan’s Economic Revival and What It Means for New York,” based on an analysis by Appleseed, Inc., anticipates the addition of up to 40,000 new private sector payroll jobs to the district between the first quarter of 2015 and the fourth quarter of 2019. This would transform Lower Manhattan’s once-lagging economy into a powerhouse that will generate substantial increased tax revenues for the city and state and, even more importantly, provide new employment oppor-tunities to New Yorkers from all backgrounds and those living in every neighborhood of the city.

By the end of 2014, after a surge of business relocations and the opening of new

retail and hotels, private sector payroll employment in Lower Manhattan hit a

post-September 11th peak of 227,069 workers — up 14 percent from its low point

in 2009. While the district’s post-recession employment trailed the city’s growth,

2014’s rise in employment signals strong growth ahead.

Total MANHATTAN Residents Employed in Lower Manhattan:

Total BROOKLYN Residents Employed in Lower Manhattan:

63,519

73,954

Total QUEENS Residents Employed in Lower Manhattan:

51,218

Total STATEN ISLAND Residents Employed in Lower Manhattan:

13,792

Total BRONX Residents Employed in Lower Manhattan:

22,830

PRIVATE SECTOR PAYROLL EMPLOYMENT, 2001—2014, AND PROJECTED GROWTH THROUGH 2019

SURGING AHEAD:LOWER MANHATTAN IS NOW AN EPICENTER OF NYC EMPLOYMENT

Lower Manhattan QUEENS


“What was once a neighborhood that was a little behind the rest of New York … has been reborn as a thriving, multipurpose, 24 - hour neighborhood, a symbol for many people of a city’s post - 9/11 rebirth, with the new

tower an exclamation point on the idea.”

— Vogue


In addition to producing regular quarterly and annual reports on the Lower Manhattan real estate market, the research staff created numerous original reports last year. Among them was “Surging Ahead: Lower Manhattan’s Economic Revival and What It Means for New York.” Based on an analysis by Appleseed, Inc., the report predicts major advances in Lower Manhattan’s economy over the next five years (see page 10 for more information).

The research team also released an update to its “Brain Gain Report” on how the region’s shifting demographics continue to favor the Lower Manhattan business district. Previously released in 2012, the new

data shows an even stronger trend. To read the team’s reports, go to: downtownny.com/research-statistics.

Economic development’s planning division helped to advance the revitalization of the Water Street corridor last year by working with city agencies on plans for a streetscape project and also by submitting an application for a zoning text amendment to enliven and improve arcades and plazas. By conducting a popular summer programming series called “Game On!,” the planning team helped bring more than 10,000 people to the Water Street area. It also worked to fulfill the vision for the completion of Elizabeth H. Berger Plaza.

By conducting rigorous market analysis, tracking leasing activity, assisting prospective commercial and retail tenants, surveying visitors to the district and producing a series of incisive, original research reports on a variety of real estate and other trends, the Alliance’s economic development team provides a clear, up-to-date picture of Lower Manhattan’s economic health and encourages investment and growth in the area.

The team analyzes real estate and economic trends in Lower Manhattan on a quarterly basis. It monitors retail vacancies and maintains a list of available space on the Alliance website. Staff members work closely with brokers to market Lower Manhattan as a retail and commercial destination. Every year, economic development staff meet with tenants considering relocating to Lower Manhattan and participate in REBNY (Real Estate Board of New York) meetings and roundtables. The Alliance is proud to be regarded as the go-to authority for information on Lower Manhattan. That information comes from the economic development’s meticulous research team, which regularly tracks key metrics for the area south of Chambers Street. These include development pipelines, private sector employment (which reached a post-9/11 peak in 2015) and tourism (which reached a record 14.2 million unique visitors in 2015).

ECONOMIC DEVELOPMENT OUR WORK:


perspective. It is a place for forging new partnerships, where companies can come together to activate and accelerate their growth. LMHQ staff have organized a rigorous programming schedule, which has included monthly women’s breakfasts (sponsored by Verizon), monthly happy hours, discussion series on disruptions in various industries and numerous “Future Of” forums (focused on topics such as real estate, finance, radio, education and museums). The site has also hosted outside events, ranging from offsite meetings held by major companies to corporate town halls to nonprofit brainstorms.

In October, LMHQ premiered the Alliance’s new video “Down Is What’s Up” at a special event co-hosted by musician and local resident Questlove (who stars in the video) and Wired magazine. In collaboration with the Downtown Brooklyn Partnership, it hosted a special, day-long, two-part summit in December that featured numerous conversations on how Lower Manhattan and Downtown Brooklyn are, together, rebranding and redefining New York City’s “new Downtown.”

Both individual and company memberships are available at LMHQ. Corporate members have included Architizer, NYC Economic Development Corporation and Per Scholas. Founding members include Pace University, Intersection, AREA Founder and entrepreneur David S. Rose, Annalect, Continental Advisors and Streeter Technologies. LMHQ has partnered with ConEdison to launch the “Bright Ideas Grant” pro-gram, which offers free meeting space to nonprofits.

The inspiring, modern facility has attracted significant media interest and has been featured in numerous outlets such as Forbes, The Commercial Observer, Fox 5 News and NY1.

Since opening, LMHQ has held 35 curated events attended by a total of over 3,000 people and has also rented out space for nearly 100 additional events that brought in nearly 6,000 people.

For more information, visit lmhq.nyc.

On July 1st, the economic development division of the Downtown Alliance unveiled a first-of-its- kind endeavor — a collaboration and innovation hub located at 150 Broadway. The state-of-the-art, 12,500-square-foot facility, which provides a unique and affordable resource for Lower Manhattan’s growing tech and creative communities, has seen an enthusiastic response.

Supporting new ways to work and conduct business, LMHQ was designed as an annex to the traditional office space, with all the amenities employees need more of: conference rooms, event space, work and social space and a full-service coffee bar operated by Tea People. It is helping to serve some of the more than 800 creative companies who already call Lower Manhattan home.

Not a co-working site, LMHQ is instead a space for collaborative team meetings and a dose of refreshed

LOWER MANHATTAN HQ

FOUNDING MEMBERS:

OUR WORK:


“The best of Lower Manhattan is yet to come.”

— New York Post


OPERATIONSIn February 2016, the Alliance honored 11 public safety officers for particularly exceptional service. Among the citations:

• Officer Ronald Washington helped secure emergency medical attention for someone who had lost consciousness.

• Officers Jerry Marcus and Tenille Templeman helped a tourist get money back from a predatory vendor selling fraudulent tickets.

• Officer Joseph Zapata sparked an NBC 4 New York news investigation into a hot-dog vendor over-charging the public.

• Officers Nathaniel Turner and Bernard Bonnaire helped break up and report an assault involving a Taser.

• Supervisor Rosa Ellis — along with officers Saidi Ali, Ivan Rivera, Brian Flowers and Juan Mora — alerted the NYPD to a suspicious package on the street and immediately secured the area until help arrived.

In 2015, the operations

team … made 891,817

public safety contacts…

removed 148,866 bags of trash … cleaned

up 1,603 incidents

of graffiti.

Even people who know very little about the Alliance know about the “red coats.” The men and women who comprise our operations team are the Alliance’s public ambassadors, known and respected not only in Lower Manhattan but throughout New York City. And no wonder. When litter hits the pavement, they sweep it up. When snow clogs the sidewalks, they remove it. When graffiti blemishes a building, they clean it up. When people need assistance, they provide it. And when crisis strikes — whether a lost child, a crime or a medical emergency — they are always there to help.

Every day, at 5 a.m., our 58 sanitation officers start serving the district. They empty 407 trash and recycling containers throughout Lower Manhattan (including 174 solar-powered BigBelly garbage receptacles). The Alliance’s 60-member public safety crew works with the New York City Police Department to keep

crime rates in Lower Manhattan among the lowest in the city. They return misplaced cell phones, provide helpful advice and directions to residents and visitors alike and intervene when someone is in harm’s way.

In its fifth year of partnership with Trinity Church and the Bowery Residents Committee, the Alliance operations team continued to provide homeless outreach services. During Fiscal Year 2015, officers helped make 5,800 contacts with homeless individuals, resulting in 47 housing and recovery program placements.

The operations division provides a range of other valuable services. Last year, public safety and information services staff operated three mobile informational kiosks and one fixed indoor kiosk, handed out more than 600,000 pieces of Alliance collateral and served nearly

1 million residents, workers and tourists. Also last year, the sanitation crew maintained 10 parks and public spaces, tended to 148 planters and maintained 1,589 pieces of street furniture. It also oversaw the Alliance’s annual “Green Around” events — which help build an environmentally sustainable community — and helped execute the popular “Game On!” programming series, which drew an estimated 10,000 attendees to a series of four events along the Water Street corridor.

The Alliance’s free Downtown Connection bus service is operated by the operations division and served an estimated 635,000 riders in the last fiscal year. On November 15th, the Alliance unveiled a fleet of seven brand-new, state-of-the-art buses providing free service between the South Street Seaport and Battery Park City. The revamped Downtown Connection buses, whose bright red exteriors were designed by the Alliance’s very own Bathsheba Parker, make 37 stops at important destinations from river to river. The new buses include periphery seating for 22, also allow for standing riders and are all equipped with GPS technology.

Operations helped make history last year by supplying around two tons of confetti for the “Canyon of Heroes” parade for the U.S. Women’s Soccer Team in July. It also provided supplemental security and sanitation services for the momentous occasion.

OUR WORK:


The communications division oversees the Alliance’s free public WiFi program and significantly expanded this service last year. The initiative, which began in 2003, now provides 3.7 million square feet of free coverage throughout Lower Manhattan and is one of the largest sources of free Internet access in New York City.

To showcase Lower Manhattan’s thriving food scene and promote local eateries, communications staff organized the Alliance’s summer dining promotion campaign, #GetLow. Offering a 20 percent discount at 32 restaurants throughout Lower Manhattan on Tuesdays between May 26th and September 1st, the program drew more than 2,000 participants and 3,500 social media followers. In September, the Alliance also brought back the wildly popular community tasting event, Dine Around Downtown, that featured nearly 50 restaurants. Co-presented by Fosun International, the food fair took place at what is now called 28 Liberty Plaza and attracted more than 15,000 attendees.

The Alliance’s eighth annual holiday campaign was created by the communications team to highlight Lower Manhattan businesses in print, digital and social media and on BigBelly trash receptacles. As part of the campaign, more than 50,000 copies of the Alliance’s 2015 Lower Manhattan Shop Dine Guide

were distributed to homes and businesses south of Chambers Street. The campaign in local and citywide media was worth nearly 1 million impressions.

The communications team also launched a major redesign of the Alliance’s award-winning website, which now offers more eye-catching photos and vid-eos, features an improved and interactive map and is optimized for mobile devices. The site provides a vast array of information on news, events and deals; features regular posts on our blog; exhibits Alliance original research reports; provides resources for lo-cal businesses; promotes new openings and cultural programming; spotlights seasonal promotional campaigns, such as New York City Restaurant Week; links to various social media outlets; and publishes photos and videos that capture the compelling and quirky character of life in Lower Manhattan. Our mo-bile apps, which help residents, workers and visitors alike figure out what to do and where to go in Lower Manhattan (and include a helpful link to our free Downtown Connection bus service), have surpassed 50,000 downloads since they were created.

Working with the operations division, the communi-cations division helped kick off our summer program-ming series called “Game On!,” which drew more than 10,000 people for a variety of activities and events in Water Street’s public spaces.

Lower Manhattan is at a crossroads, a pivotal time in its history — and it’s the job of the Downtown Alliance communications team to capture this unique moment and to tell our district’s dramatic, evolving story.

Part cheerleader, part champion, part storyteller, part organizer — the Alliance communications team creates a rich array of media, programs and activities to promote this multifaceted, growing neighborhood and to highlight all it has to offer. Last year, communi-cations staff produced and oversaw the distribution of a wide range of collateral, including a print and digital newsletter and more than 1 million guides and maps. Our public affairs arm helped shape the conversa-tion on the neighborhood’s continuing evolution and the many opportunities that lay ahead. Our director of tourism markets Lower Manhattan to tourists the world over, by — among other things — conducting special familiarization tours, developing incentive programming, hosting tourism roundtables and representing the district at international conferences.

In an effort to advance our integrated marketing strategies, the division made a major investment

last year in building video and photographic assets. We unveiled two series of videos attesting to Lower Manhattan’s standing as the city’s top neighborhood offering unparalleled potential for growth and success for companies across all sectors. The testimonials feature industry leaders in top companies — from media giants to innovative upstarts to boldface hospitality names. In addition to the individual testimonials, the Alliance released a feature compilation video, which includes a diverse mix of the many voices that have attested to the district’s dynamic energy.

In the fall of 2015, the team also debuted a new feature video, “Down Is What’s Up,” showcasing the neighbor-hood’s powerful transfor-mation. The widely distrib-uted video stars Questlove,

musician, producer, tastemaker and resident of Lower Manhattan. In the 90-second piece, he communicates the romance and majesty of the changes sweeping the area and invites viewers to visit his neighborhood and experience the area for themselves through a new lens.

COMMUNICATIONSOUR WORK:


“Downtown has evolved from solely a center for banks and financial companies to an emerging shopping destination.”

— Wall Street Journal


Amounts are summarized from the audited financial statements provided by Skody Scot & Company, CPAs, dated October 11, 2015.

The Alliance for Downtown New York Financial Statements

STATEMENTS OF ACTIVITIES

June 30, 2015 June 30, 2014Support and RevenuesAssessment Revenues $15,900,000 $15,780,000 Other Revenues 3,916,449 3,165,738

Total Revenues 19,816,449 18,945,738

ExpensesPublic Safety 3,716,212 3,699,667 Sanitation 4,918,120 4,960,936 Promotion and Marketing 4,687,053 3,204,491 Economic Development 2,273,333 2,336,673 Transportation 2,254,837 2,032,649 Social Services 436,924 452,972 Management and General 1,641,970 1,729,669 Fundraising 21,776 21,776

Total Expenses 19,950,225 18,438,833

Excess Revenues over Expenses (133,776) 506,905

STATEMENTS OF FINANCIAL POSITION

AssetsCash and Cash Equivalents 6,747,437 8,600,449 Accounts Receivable 665,000 347,610 Investments 0 0 Property and Equipment 1,994,188 122,932 Other Assets 442,158 424,842

Total Assets 9,848,783 9,495,833

Liabilities and Net Assets

Liabilities 1,434,481 947,755 Total Net Assets 8,414,302 8,548,078

Total Liabilities and Net Assets $9,848,783 $9,495,833


“Lower Manhattan’s economic growth will impact and benefit far beyond the district’s borders, into each of the five boroughs. Every neighborhood of New York City will benefit from employment opportunities south of Chambers Street.”

— Real Estate Weekly


Alan M. Scott, Chair Deutsche Bank

Honorable Bill de Blasio Mayor of the City of New York

Honorable Gale A. Brewer Manhattan Borough President

Jill Bright Condé Nast

Honorable Margaret S. Chin Council Member, City of New York

Ric Clark Brookfield Asset Management

Betty Cohen Century 21 Department Stores

John V. Connorton Hawkins Delafield & Wood LLP

Fern Cunningham The Nielsen Company

Robert R. Douglass Milbank, Tweed, Hadley & McCloy LLP

K. Thomas Elghanayan TF Cornerstone Inc.

David V. Fowler The Bank of New York Mellon

Rachelle Friedman J&R Music and Computer World

Stephen J. Friedman Pace University

Robert J. Giuffra Sullivan & Cromwell

Brett S. Greenberg Jack Resnick & Sons

Francis J. Greenburger Time Equities, Inc.

Erik Horvat Fosun Property Holdings

Thomas M. Hughes Resident Representative

Shari C. Hyman Battery Park City Authority

Richard T. Kennedy Cushman & Wakefield, Inc.

Stephen Lefkowitz Fried, Frank, Harris, Shriver & Jacobson LLP

John “Janno” N. Lieber World Trade Center Properties LLC

Catherine McVay Hughes Chair, Manhattan Community Board No. 1

Ross F. Moskowitz Stroock & Stroock & Lavan LLP

Antonio Perez Borough of Manhattan Community College

Edward V. Piccinich SL Green Realty Corp.

Seth Pinsky RXR Realty

Peter A. Poulakakos Ahead Realty/HPH Hospitality Group

William C. Rudin Rudin Management Company, Inc.

Frank J. Sciame F.J. Sciame Construction Co., Inc.

Allan G. Sperling Cleary, Gottlieb, Steen & Hamilton

Honorable Scott M. Stringer Comptroller, City of New York

Kent M. Swig Swig Equities, LLC

Matthew Van Buren CBRE Group, Inc.

Jessica Lappin, President

BOARD OF DIRECTORS STAFFSTAFFDaniel AckermanAlison BaumannAdam BernsteinWilliam BernsteinDenise BlackwellCharles BoveRenee BraunsteinAndrew BreslauTracy CandidoNancy CascellaMary CliffordSarita DanRon DizonEdward DrivickThomas DunnArlene EganMargarita FernandoAdam FifieldTeresa FigarioFrank FutiaDaniel GiacomazzaJeannie GonzalezJarrod GrimHans GuillaumeShadendra HarrisDave HarvinSean HayesCarl HomwardJamel HomwardEddie HudsonAlice IttyDwayne JacobsRebecca JimenezRon KearneyMichael KetringJoseph LanaroJessica LappinNicole LaRussoJoseph MaggioAlexandra MontalbanoJoshua NachowitzLauren O’TooleBathsheba ParkerRoe PerniceTaina PradoCraig RaiaJason RiveraAnthony RivettiChristine SapienzaJeremy SchneiderRichard SerranoFred ShamDaria SiegelMaria Tirado-QuinonesAnna UmanskyRon WolfgangJane Wolterding

Andrew Breslau & Adam Fifield – the Alliance for Downtown New York, Inc.

IMAGE CREDITS:

INFORMATION SOURCES:

WRITING & EDITING:

Andrew Bordwin (bordwin.com) - Cover, 1, 2, 3, 6, 13, 19, 25, 26, 29, Back Inside Cover, Back Page Junichi Ito - 20Courtesy of Silverstein Properties, Inc. – 11Ben Stone – 16Pete Thompson – 4, 8, 9, 14, 15, 21Mark Weinberg – 8, 9Joe Woolhead – 11

The Alliance for Downtown New York, Inc.Appleseed, Inc.Appleseed, Inc. report: “Economic Growth and Opportunity: Building New York City’s Future in Lower Manhattan”Audience Research & AnalysisJones Lang LaSalleNational September 11 Memorial MuseumOne World ObservatoryQuarterly Census of Employment and Wages (New York State Department of Labor)

ART DIRECTION & DESIGN: Bathsheba Parker – the Alliance for Downtown New York, Inc.

“Lower Manhattan’s burgeoning development is driving economic growth at a rate that is outpacing the rest of New York City.”

— Commercial Observer

The mission of the Alliance for

Downtown New York is to provide

service, advocacy, research and

information to advance Lower

Manhattan as a global model of

a 21st Century Central Business

District for businesses, residents

and visitors.

Alliance for Downtown New York, Inc.120 Broadway, Suite 3340New York, New York 10271

www.DowntownNY.com

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