92-614: Bankenviertel ( German pronunciation: [ˈbaŋkŋ̍ˌfɪʁtl̩] ; banking quarter ) is the name of the central business district in Frankfurt , Germany where many banks, insurance companies, and other financial institutions are located. It is the most important German financial hub, if not one of the largest in Europe along with La Défense in the Paris aire urbaine and London 's City and Canary Wharf . Having no official or strict borders, it
184-403: A Democrat, was elected in 1955, in the era of machine politics . In 1956, the city conducted its last major expansion when it annexed the land under O'Hare airport, including a small portion of DuPage County. By the 1960s, white residents in several neighborhoods left the city for the suburban areas – in many American cities, a process known as white flight – as Blacks continued to move beyond
276-486: A heart attack soon after. Washington was succeeded by 6th ward alderperson Eugene Sawyer , who was elected by the Chicago City Council and served until a special election. Richard M. Daley , son of Richard J. Daley, was elected in 1989. His accomplishments included improvements to parks and creating incentives for sustainable development , as well as closing Meigs Field in the middle of the night and destroying
368-660: A model for the new field of social work . During the 1870s and 1880s, Chicago attained national stature as the leader in the movement to improve public health. City laws and later, state laws that upgraded standards for the medical profession and fought urban epidemics of cholera , smallpox , and yellow fever were both passed and enforced. These laws became templates for public health reform in other cities and states. The city established many large, well-landscaped municipal parks , which also included public sanitation facilities. The chief advocate for improving public health in Chicago
460-472: A new grade with the use of jackscrews for raising buildings. While elevating Chicago, and at first improving the city's health, the untreated sewage and industrial waste now flowed into the Chicago River , and subsequently into Lake Michigan , polluting the city's primary freshwater source. The city responded by tunneling two miles (3.2 km) out into Lake Michigan to newly built water cribs . In 1900,
552-674: A newly built business district near the Potsdamer Platz . The city's historic center (home to the Reichstag building , as well as the Brandenburg Gate and most federal ministries) was largely abandoned when the Berlin Wall cut through the area. Only after the reunification with the redevelopment of Potsdamer Platz , and the construction of numerous shopping centers, government ministries, embassies, office buildings and entertainment venues,
644-579: A single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialised goods and services compared to other parts of the city. Midtown Manhattan is the largest central business district in New York City and in the United States. In Chicago , the Chicago Loop is the second-largest central business district in the United States. It is also referred to as
736-523: A whole. Singapore's CBD is the historic heart of the city-state, which makes it a mix of a tourist attraction and a business center. The CBD includes several multinational corporate headquarters, Singapore Management University , and historical buildings and museums. As of 2016, the Singaporean government intends to redevelop Jurong East into a second CBD in Singapore. The area has also been earmarked as
828-617: Is Government Hill , the site of the old government headquarters. As the Hong Kong SAR Government Headquarters moved to Tamar, Admiralty, the nearby area is also considered part of the CBD. In Quarry Bay , Taikoo Place and areas nearby, including Admiralty , Wan Chai and Causeway Bay , and Tsim Sha Tsui , Kwun Tong , and Kowloon Bay are regarded as major business districts of Hong Kong. India 's capital New Delhi has been known for its CBD at Connaught Place . For
920-901: Is a concentration of business in Botafogo harbor and in Barra da Tijuca , a newer Rio de Janeiro suburb located in city's west region. The largest CBD in Colombia is Bogotá 's Centro Internacional , where some of the tallest buildings in South America have been repurposed as national headquarters for Scotiabank Colpatria , Davivienda , and Bancolombia , among others. Over the years, Bogotá has developed minor business districts, which include Avenida Chile , Ciudad Salitre , with companies like Avianca , Rappi , Johnson & Johnson , Terpel , Hilton , Hyatt , Marriott , Sheraton , Ramada , City Express , Aloft and Novotel ; or Complejo Santa Bárbara ,
1012-530: Is also one of the most important business districts of Pakistan. Gulberg, Lahore has a large number of important office buildings as well as many high-rises and shopping malls. Pakistan established its first central business district, Lahore Central Business District, also known as Central Business District Punjab (CBD Punjab) by an ACT of Parliament (LCBDDA Act, 2021) in February 2021. Jinnah Avenue in Islamabad
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#17328453217551104-620: Is commonly defined as the western part of the Innenstadt , the southern part of the Westend and the eastern part of the Bahnhofsviertel . Its most central square is the Opernplatz . The Bankenviertel is not an official city district and has no officially or strictly defined borders. It stretches across three city districts: the western part of the Innenstadt , the southern part of the Westend and
1196-407: Is known to botanists as Allium tricoccum and known more commonly as "ramps". The first known reference to the site of the current city of Chicago as " Checagou " was by Robert de LaSalle around 1679 in a memoir. Henri Joutel , in his journal of 1688, noted that the eponymous wild "garlic" grew profusely in the area. According to his diary of late September 1687: ... when we arrived at
1288-554: Is routinely ranked among the world's top six busiest airports by passenger traffic , and the region is also the nation's railroad hub. The Chicago area has one of the highest gross domestic products (GDP) of any urban region in the world, generating $ 689 billion in 2018. Chicago's economy is diverse , with no single industry employing more than 14% of the workforce. Chicago is a major destination for tourism , including visitors to its cultural institutions , and Lake Michigan beaches . Chicago's culture has contributed much to
1380-433: Is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district . Geographically, it often coincides with the " city centre " or " downtown ". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its traditional city center, and there may be multiple CBDs within
1472-597: Is the most populous city in the U.S. state of Illinois and in the Midwestern United States . With a population of 2,746,388, as of the 2020 census , it is the third-most populous city in the United States after New York City and Los Angeles . As the seat of Cook County , the second-most populous county in the U.S., Chicago is the center of the Chicago metropolitan area , often colloquially called "Chicagoland" and home to 9.6 million residents. Located on
1564-660: Is the first of its kind in Indonesia, and one of the largest commercial center developments in the city. Jakarta started developing its business district in the early 1960s before hosting the Asian Games in 1962 . Surabaya in East Java built its first central business district in the Darmo region. The construction was expected to be completed by 2018 with 150 SOHO units and 500 residences. In Italy , business districts do not coincide with
1656-466: Is the main business district of the city. Blue Area is the central business district of Islamabad . D Ground is the central business district of Faisalabad and Saddar is the main central business district of Rawalpindi . In Peru , the central business district is San Isidro , in Lima , which hosts the majority of Peru's financial industry headquarters. Although still a largely residential district,
1748-473: The Black Belt . While home loan discriminatory redlining against blacks continued, the real estate industry practiced what became known as blockbusting , completely changing the racial composition of whole neighborhoods. Structural changes in industry, such as globalization and job outsourcing, caused heavy job losses for lower-skilled workers. At its peak during the 1960s, some 250,000 workers were employed in
1840-647: The COEX mall, are major thoroughfares in Seoul. The tallest buildings in Gangnam include Tower Palace One , a residential complex, Trade Tower , Gangnam Finance Center, and Parnas Tower. Seoul's third business district is Yeouido , an island located in central Seoul in the Yeongdeungpo District . Yeouido was developed in the 1970s; since the 1990s, however, it has become Seoul's financial center. Smaller in geographic size that
1932-699: The Calumet River in the industrial far South Side—flow either entirely or partially through the city. Chicago's history and economy are closely tied to its proximity to Lake Michigan. While the Chicago River historically handled much of the region's waterborne cargo, today's huge lake freighters use the city's Lake Calumet Harbor on the South Side. The lake also provides another positive effect: moderating Chicago's climate, making waterfront neighborhoods slightly warmer in winter and cooler in summer. When Chicago
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#17328453217552024-548: The Chicago School , the development of the City Beautiful movement , and the steel-framed skyscraper . Chicago is an international hub for finance, culture , commerce, industry, education, technology, telecommunications, and transportation . It has the largest and most diverse finance derivatives market in the world, generating 20% of all volume in commodities and financial futures alone. O'Hare International Airport
2116-580: The Great Lakes to connect to the Mississippi River. A flourishing economy brought residents from rural communities and immigrants from abroad. Manufacturing and retail and finance sectors became dominant, influencing the American economy . The Chicago Board of Trade (established 1848) listed the first-ever standardized "exchange-traded" forward contracts, which were called futures contracts . In
2208-525: The Jefferson Township , which now makes up most of Chicago's Northwest Side . The desire to join the city was driven by municipal services that the city could provide its residents. Chicago's flourishing economy attracted huge numbers of new immigrants from Europe and migrants from the Eastern United States . Of the total population in 1900, more than 77% were either foreign-born or born in
2300-503: The Miami , Sauk and Meskwaki peoples in this region. The first known permanent settler in Chicago was trader Jean Baptiste Point du Sable . Du Sable was of African descent, perhaps born in the French colony of Saint-Domingue (Haiti), and established the settlement in the 1780s. He is commonly known as the "Founder of Chicago." In 1795, following the victory of the new United States in
2392-578: The New Negro Movement , in art, literature, and music. Continuing racial tensions and violence, such as the Chicago race riot of 1919 , also occurred. The ratification of the 18th amendment to the Constitution in 1919 made the production and sale (including exportation) of alcoholic beverages illegal in the United States. This ushered in the beginning of what is known as the gangster era, a time that roughly spans from 1919 until 1933 when Prohibition
2484-803: The Northwest Indian War , an area that was to be part of Chicago was turned over to the U.S. for a military post by native tribes in accordance with the Treaty of Greenville . In 1803, the U.S. Army constructed Fort Dearborn , which was destroyed during the War of 1812 in the Battle of Fort Dearborn by the Potawatomi before being later rebuilt. After the War of 1812, the Ottawa , Ojibwe , and Potawatomi tribes ceded additional land to
2576-463: The University of Chicago , Northwestern University , and the University of Illinois Chicago , among other institutions of learning . Professional sports in Chicago include all major professional leagues , including two Major League Baseball teams. The name Chicago is derived from a French rendering of the indigenous Miami–Illinois word shikaakwa for a wild relative of the onion ; it
2668-663: The Washington and Jackson Parks. During World War I and the 1920s there was a major expansion in industry. The availability of jobs attracted African Americans from the Southern United States . Between 1910 and 1930, the African American population of Chicago increased dramatically, from 44,103 to 233,903. This Great Migration had an immense cultural impact, called the Chicago Black Renaissance , part of
2760-490: The 1800s, Chicago became the nation's railroad hub, and by 1910 over 20 railroads operated passenger service out of six different downtown terminals. In 1883, Chicago's railway managers needed a general time convention, so they developed the standardized system of North American time zones . This system for telling time spread throughout the continent. In 1893, Chicago hosted the World's Columbian Exposition on former marshland at
2852-477: The 1850s, Chicago gained national political prominence as the home of Senator Stephen Douglas , the champion of the Kansas–Nebraska Act and the "popular sovereignty" approach to the issue of the spread of slavery. These issues also helped propel another Illinoisan, Abraham Lincoln , to the national stage. Lincoln was nominated in Chicago for U.S. president at the 1860 Republican National Convention , which
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2944-636: The 555-metre tall Lotte World Tower , Guro Digital Complex, Gasan Digital Complex, the Magok Business District, the Sangam Digital Media City, the Munjeong Administrative Town, and Mapo Avenue. The area near Yongsan Station , including the proposed Yongsan International Business District , is considered an emerging major commercial district that will exist in synergy with nearby Yeouido . Chicago Chicago
3036-681: The 57th mayor of Chicago. Chicago is located in northeastern Illinois on the southwestern shores of freshwater Lake Michigan. It is the principal city in the Chicago Metropolitan Area , situated in both the Midwestern United States and the Great Lakes region . The city rests on a continental divide at the site of the Chicago Portage, connecting the Mississippi River and the Great Lakes watersheds . In addition to it lying beside Lake Michigan, two rivers—the Chicago River in downtown and
3128-654: The Bankenviertel is located on both sides of the Taunus- and Gallusanlage, an inner-city parkway, and the surrounding streets (Neue Mainzer Straße, Junghofstraße, Kaiserstraße), and the central square of the Bankenviertel is the Opernplatz . Furthermore, the area on both sides of the Mainzer Landstraße from Taunusanlage to Platz der Republik and the Bockenheimer Landstraße, beginning at the Opernplatz , are part of
3220-566: The CBD. An example is Parramatta , which is considered the financial hub of Western Sydney . São Paulo is a multipolar city, with several business districts. Avenida Faria Lima and the neighboring districts, Itaim Bibi and Vila Olímpia , now concentrate a large part of the financial activities in São Paulo and Brazil . Avenida Paulista and nearby streets is a well-established financial center that has several banking offices and corporate headquarters, as well as hospitals. Its Historic Center
3312-455: The Chicago River were devastated; by 1933 over 50% of industrial jobs in the city had been lost, and unemployment rates amongst blacks and Mexicans in the city were over 40%. The Republican political machine in Chicago was utterly destroyed by the economic crisis, and every mayor since 1931 has been a Democrat . From 1928 to 1933, the city witnessed a tax revolt, and the city was unable to meet payroll or provide relief efforts. The fiscal crisis
3404-527: The Mississippi River. In 1871, the Great Chicago Fire destroyed an area about 4 miles (6.4 km) long and 1-mile (1.6 km) wide, a large section of the city at the time. Much of the city, including railroads and stockyards , survived intact, and from the ruins of the previous wooden structures arose more modern constructions of steel and stone. These set a precedent for worldwide construction. During its rebuilding period, Chicago constructed
3496-818: The Philippines. In Poland , the terms śródmieście or centrum are often used to describe the central business district. The largest central business district in Russia is the Moscow International Business Center (MIBC) in Moscow , a commercial development located just east of the Third Ring Road at the western edge of the Presnensky District in the Central Administrative Okrug of
3588-562: The South arrived in the city to work in the steel mills, railroads, and shipping yards. On December 2, 1942, physicist Enrico Fermi conducted the world's first controlled nuclear reaction at the University of Chicago as part of the top-secret Manhattan Project . This led to the creation of the atomic bomb by the United States, which it used in World War II in 1945. Mayor Richard J. Daley ,
3680-612: The United States in the 1816 Treaty of St. Louis . The Potawatomi were forcibly removed from their land after the 1833 Treaty of Chicago and sent west of the Mississippi River as part of the federal policy of Indian removal . On August 12, 1833, the Town of Chicago was organized with a population of about 200. Within seven years it grew to more than 6,000 people. On June 15, 1835, the first public land sales began with Edmund Dick Taylor as Receiver of Public Monies. The City of Chicago
3772-775: The United States of foreign parentage. Germans , Irish , Poles , Swedes , and Czechs made up nearly two-thirds of the foreign-born population (by 1900, whites were 98.1% of the city's population). Labor conflicts followed the industrial boom and the rapid expansion of the labor pool, including the Haymarket affair on May 4, 1886, and in 1894 the Pullman Strike . Anarchist and socialist groups played prominent roles in creating very large and highly organized labor actions. Concern for social problems among Chicago's immigrant poor led Jane Addams and Ellen Gates Starr to found Hull House in 1889. Programs that were developed there became
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3864-618: The area. The Bankenviertel also includes the areas near the Opernplatz on its eastern side, notably the Frankfurt Stock Exchange 300 meters (980 ft) east of the Opernplatz, as well as a number of banks in its immediate vicinity. The Bankenviertel is very well accessible with the public transport system . Eight of nine suburban S-Bahn lines (S1-S6, S8, S9) serve the stations Hauptwache , Taunusanlage and Frankfurt Central Station . All inner-city U-Bahn lines have stops within
3956-465: The area: U1-U3 at Willy-Brandt-Platz and Hauptwache, U4 and U5 at Willy-Brandt-Platz and Frankfurt Central Station, U6 and U7 at Hauptwache and Alte Oper. The tram lines 11 and 12 stop at Frankfurt Central Station and Willy-Brandt-Platz, and the lines 16 and 17 link the central station and the Frankfurt Trade Fair area. Central business district A central business district ( CBD )
4048-560: The central business district. These terms can be literally translated as " inner city " and "city center". Some of the larger cities have more than one central business district. For example, Berlin alone has three. Due to Berlin's history of division during the Cold War , the city contains central business districts both in West ( Kurfürstendamm ) and in East Berlin ( Alexanderplatz ), as well as
4140-553: The city include the central business district, called the Loop , and the North, South , and West Sides . The three sides of the city are represented on the Flag of Chicago by three horizontal white stripes. The North Side is the most-densely-populated residential section of the city, and many high-rises are located on this side of the city along the lakefront. The South Side is the largest section of
4232-408: The city was affected by a series of tenant rent strikes , which lead to the formation of the Chicago Tenants Protective association, passage of the Kessenger tenant laws, and of a heat ordinance that legally required flats to be kept above 68 °F during winter months by landlords. Chicago was the first American city to have a homosexual-rights organization. The organization, formed in 1924,
4324-431: The city's CBD. In South Korea , the national capital of Seoul includes three central business districts. The Downtown Seoul , a historic area inside the Fortress Wall of Seoul in the Jongno and Jung districts has historically been the city's political, social and cultural heart, and still houses many corporate headquarters and political institutions in South Korea. It is also the most popular area for tourists and
4416-415: The city's first African American woman mayor and its first openly LGBTQ mayor, was elected to succeed Emanuel as mayor in 2019. All three city-wide elective offices were held by women (and women of color) for the first time in Chicago history: in addition to Lightfoot, the city clerk was Anna Valencia and the city treasurer was Melissa Conyears-Ervin . On May 15, 2023, Brandon Johnson assumed office as
4508-424: The city's first female mayor, was elected. She was notable for temporarily moving into the crime-ridden Cabrini-Green housing project and for leading Chicago's school system out of a financial crisis. In 1983, Harold Washington became the first black mayor of Chicago. Washington's first term in office directed attention to poor and previously neglected minority neighborhoods. He was re‑elected in 1987 but died of
4600-412: The city's history. Cities with strong preservation laws and maximum building height restrictions to retain the character of the historic and cultural core may have a CBD quite a distance from the city centre (and in some cases, outside the city limits itself). This distinction is quite common in European cities such as Paris , Moscow , Vienna , Prague and Budapest . The New World grew quickly after
4692-590: The city's main commercial district. While the district has a high density of high rise buildings, the tallest building, the SK Building, only reaches a height of 160m due to historic preservation regulations. The second main district, located in the southeast part of Seoul, is Gangnam District , an area that was developed in the 1980s and is now among the city's most affluent neighborhoods. The Gangnam District has concentration mainly in economic power of Seoul, as many of prominent company HQs are located on Teheran Avenue . Gangnam Avenue and Yeondong Avenue, which includes
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#17328453217554784-410: The city. As of 2021, it is still under development. The construction of the MIBC takes place on the Presnenskaya Embankment of the Moskva River , approximately 4 kilometers (2.5 mi) west of Red Square , overlooked by the Third Ring Road. The project occupies an area of 60 hectares. The second-largest central business district is Yekaterinburg-City in Yekaterinburg , the fourth-largest city in
4876-515: The commercial and business activity located in or in the vicinity of the area. It has a permanent population of around 63,000 inhabitants and, during weekday business hours, a floating population that exceeds 700,000 daily commuters from other districts in Lima , the national capital. San Isidro is served by three stations of El Metropolitano , Lima's bus rapid transit system: Estación Javier Prado , Estación Canaval y Moreyra (with over 16,000 daily passengers) and Estación Aramburú . In
4968-407: The convention hall, with anti-war protesters, journalists and bystanders being beaten by police. Major construction projects, including the Sears Tower (now known as the Willis Tower , which in 1974 became the world's tallest building ), University of Illinois at Chicago , McCormick Place , and O'Hare International Airport , were undertaken during Richard J. Daley's tenure. In 1979, Jane Byrne ,
5060-434: The core of the city's downtown. Mexico City also has its own historic city center , the colonial era "Centro Histórico", along with two CBDs: the mid-late 20th century Paseo de la Reforma in Polanco , and the new Santa Fe , respectively. Russia 's largest central business district is the Moscow International Business Center in Moscow . The shape and type of a central business district almost always closely reflect
5152-476: The country. It is located on the Iset River , and is under development as of 2021. The area occupies five hectares. Saudi Arabia has several business districts, including: In Singapore , the CBD is in the Downtown Core , one of the constituent planning areas of the Central Area , the country's city center . Its densest point is centered around Raffles Place , where most of Singapore's skyscrapers are located. The CBD sometimes also describes Central Area as
5244-432: The district and forcing a shutdown of electrical power. The area was shut down for three days and some buildings did not reopen for weeks; losses were estimated at $ 1.95 billion. On February 23, 2011, Rahm Emanuel , a former White House Chief of Staff and member of the House of Representatives , won the mayoral election. Emanuel was sworn in as mayor on May 16, 2011, and won re-election in 2015. Lori Lightfoot ,
5336-404: The early 21st century, the southeastern district of Surco experienced a significant increase in upscale corporate developments in the area comprised by avenues Manuel Holguín, El Derby, El Polo, and La Encalada due to lower restrictions to grant construction permit and proximity to residential middle and upper class districts and is set to become, after traditional San Isidro and Miraflores ,
5428-402: The eastern part of the Bahnhofsviertel . Many of the largest banks in Germany, e.g. Deutsche Bank , DZ Bank , Commerzbank and Helaba , have their corporate headquarters here, as well as many representation offices of foreign banks. It is also the place where most of Frankfurts high-rises and skyscrapers are located, which gave it also the nicknames Bankfurt and Mainhattan . The heart of
5520-452: The emergence of modern transport, therefore a single centre often included many of the region's tallest buildings and served as both a commercial and cultural city centre. In the 21st century, increasing urbanisation has led to the development of megacities that often have multiple CBDs scattered across the urban area. Downtown sections of cities, especially in North America , often are distinct from CBDs and city centres. No two CBDs have
5612-406: The extended area of Gomti Nagar , and Aminabad in old Lucknow. Kolkata also has central business districts, including B.B.D. Bagh , Park Circus , Esplanade , Salt Lake Sector V , and New Town . The largest CBD in Indonesia is the Golden Triangle ( Segitiga Emas in Indonesian ) in Jakarta . Sudirman Central Business District , a super block that is located within the Golden Triangle,
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#17328453217555704-416: The fair was technological innovation over the century since Chicago's founding. During World War II , the city of Chicago alone produced more steel than the United Kingdom every year from 1939 – 1945, and more than Nazi Germany from 1943 – 1945. The Great Migration, which had been on pause due to the Depression, resumed at an even faster pace in the second wave , as hundreds of thousands of blacks from
5796-496: The financial capital of the country, the famous CBD is The Bandra Kurla Complex in Mumbai . In Mumbai itself there is Nariman Point , which is another CBD including Andheri and Parel . Parry's Corner and Nungambakkam are among the main CBDs of Chennai . Bangalore has five notable business districts: UB City , Brigade Gateway, Koramangala , Indiranagar , and Electronic City . Lucknow has three business districts, including Hazratganj Market , Gomti Nagar Extension at
5888-404: The fourth in the world. La Défense hosts 19 of the world's biggest 500 companies , whilst the Paris region as a whole hosts 29 of the world's 500 largest companies, establishing itself as the first city in Europe (and the third worldwide) for the number of companies classified in Fortune Fortune Global 500 . In Germany , the terms Innenstadt and Stadtzentrum may be used to describe
5980-421: The geographical centers of the city because the city center is the historical center of the city, and usually not very suitable to function as a modern business district. A precursor to modern business districts is EUR in Rome , which is now home to several national and international companies and public bodies. The EUR, the Napoli business district , the Milan business district , and City Life , are among
6072-403: The last of which features the only W Hotel in the city. Colombia's other notable CBDs include Parque Berrío in Medellín , Bocagrande in Cartagena (the largest touristic CBD in the country), and Paseo de Bolívar in Barranquilla . La Défense , west of Paris , is France 's largest central business district. La Défense was in 2017 ranked as the leading CBD in continental Europe, and
6164-451: The lowest points are along the lake shore at 578 ft (176.2 m), while the highest point, at 672 ft (205 m), is the morainal ridge of Blue Island in the city's far south side. Lake Shore Drive runs adjacent to a large portion of Chicago's waterfront. Some of the parks along the waterfront include Lincoln Park , Grant Park , Burnham Park , and Jackson Park . There are 24 public beaches across 26 miles (42 km) of
6256-399: The master planning of Bonifacio Global City. Ortigas Center (fourth), with an area of more than 100 hectares (250 acres), is the Philippines' second most important business district after the Makati CBD and is home to Asian Development Bank. Meanwhile, the Makati Central Business District (third), also known as the Makati CBD, is the leading financial and the largest central business district in
6348-423: The most important commercial areas in Italy. Other important business and financial centers are present in Genoa and Brescia . In Pakistan, a central business district or a large, concentrated urban setting within a settlement is called a shehar . Karachi is Pakistan's largest city and the country's economic hub; the I. I. Chundrigar Road acts as Karachi's main financial district. Shahra-e-Faisal in Karachi
6440-418: The new financial center of Lima . The Philippines has three major central business districts, which are all located in Metro Manila. Bonifacio Global City (second) is the newest and one of the largest central business districts in the Philippines. The Bases Conversion and Development Authority (BCDA), Ayala Land, Inc. and Evergreen Holdings, Inc. controls Fort Bonifacio Development Corporation, which oversees
6532-403: The other two business districts, Yeouido has some of Seoul's tallest skyscrapers, including Parc1 Tower , International Finance Center Seoul , and the 63 Building . Yeouido is where the National Assembly of South Korea and many media companies and political institutions are based. Smaller but notable central business districts in South Korea include the Jamsil area, which is the location of
6624-498: The present location of Jackson Park . The Exposition drew 27.5 million visitors, and is considered the most influential world's fair in history. The University of Chicago , formerly at another location, moved to the same South Side location in 1892. The term "midway" for a fair or carnival referred originally to the Midway Plaisance , a strip of park land that still runs through the University of Chicago campus and connects
6716-593: The problem of sewage contamination was largely resolved when the city completed a major engineering feat. It reversed the flow of the Chicago River so that the water flowed away from Lake Michigan rather than into it. This project began with the construction and improvement of the Illinois and Michigan Canal, and was completed with the Chicago Sanitary and Ship Canal that connects to the Illinois River , which flows into
6808-584: The runways. After successfully running for re-election five times, and becoming Chicago's longest-serving mayor, Richard M. Daley declined to run for a seventh term. In 1992, a construction accident near the Kinzie Street Bridge produced a breach connecting the Chicago River to a tunnel below, which was part of an abandoned freight tunnel system extending throughout the downtown Loop district. The tunnels filled with 250 million US gallons (1,000,000 m ) of water, affecting buildings throughout
6900-596: The said place called "Chicagou" which, according to what we were able to learn of it, has taken this name because of the quantity of garlic which grows in the forests in this region. The city has had several nicknames throughout its history, such as the Windy City , Chi-Town, Second City, and City of the Big Shoulders. In the mid-18th century, the area was inhabited by the Potawatomi , an indigenous tribe who had succeeded
6992-441: The same spatial shape, but there are certain common geometric patterns, which are largely a result of centralised commercial and industrial activities. In Australia , the term CBD is widely used officially and colloquially, in the sense of city centre. The two biggest cities, Melbourne and Sydney , have large CBDs. Sydney features growing micro central business districts, which serve as the hub for their respective areas outside
7084-486: The shore of Lake Michigan , Chicago was incorporated as a city in 1837 near a portage between the Great Lakes and the Mississippi River watershed . It grew rapidly in the mid-19th century. In 1871, the Great Chicago Fire destroyed several square miles and left more than 100,000 homeless, but Chicago's population continued to grow. Chicago made noted contributions to urban planning and architecture , such as
7176-530: The site of the rail terminus for the Kuala Lumpur–Singapore High Speed Rail . South Africa 's largest cities, Cape Town , Durban , Johannesburg , Pretoria , and Port Elizabeth , have CBDs that include the corporate headquarters for many of South Africa's largest companies, its convention centers , and many of the country's tallest buildings. Cape Town has one of South Africa's most iconic skyline (which includes Table Mountain ) and
7268-570: The steel industry in Chicago, but the steel crisis of the 1970s and 1980s reduced this number to just 28,000 in 2015. In 1966, Martin Luther King Jr. and Albert Raby led the Chicago Freedom Movement , which culminated in agreements between Mayor Richard J. Daley and the movement leaders. Two years later, the city hosted the tumultuous 1968 Democratic National Convention , which featured physical confrontations both inside and outside
7360-551: The unemployed. In the spring of 1937 Republic Steel Works witnessed the Memorial Day massacre of 1937 in the neighborhood of East Side. In 1933, Chicago Mayor Anton Cermak was fatally wounded in Miami, Florida , during a failed assassination attempt on President-elect Franklin D. Roosevelt . In 1933 and 1934, the city celebrated its centennial by hosting the Century of Progress International Exposition World's Fair . The theme of
7452-625: The visual arts, literature , film, theater , comedy (especially improvisational comedy ), food , dance, and music (particularly jazz , blues , soul , hip-hop , gospel , and electronic dance music , including house music ). Chicago is home to the Chicago Symphony Orchestra and the Lyric Opera of Chicago , while the Art Institute of Chicago provides an influential visual arts museum and art school . The Chicago area also hosts
7544-644: The waterfront. Landfill extends into portions of the lake providing space for Navy Pier , Northerly Island , the Museum Campus , and large portions of the McCormick Place Convention Center. Most of the city's high-rise commercial and residential buildings are close to the waterfront. An informal name for the entire Chicago metropolitan area is "Chicagoland", which generally means the city and all its suburbs, though different organizations have slightly different definitions. Major sections of
7636-525: The world's first skyscraper in 1885, using steel-skeleton construction. The city grew significantly in size and population by incorporating many neighboring townships between 1851 and 1920, with the largest annexation happening in 1889, with five townships joining the city, including the Hyde Park Township , which now comprises most of the South Side of Chicago and the far southeast of Chicago, and
7728-431: Was John H. Rauch, M.D. Rauch established a plan for Chicago's park system in 1866. He created Lincoln Park by closing a cemetery filled with shallow graves, and in 1867, in response to an outbreak of cholera he helped establish a new Chicago Board of Health. Ten years later, he became the secretary and then the president of the first Illinois State Board of Health, which carried out most of its activities in Chicago. In
7820-467: Was called the Society for Human Rights . It produced the first American publication for homosexuals, Friendship and Freedom . Police and political pressure caused the organization to disband. The Great Depression brought unprecedented suffering to Chicago, in no small part due to the city's heavy reliance on heavy industry. Notably, industrial areas on the south side and neighborhoods lining both branches of
7912-462: Was founded in 1837, most of the early building was around the mouth of the Chicago River, as can be seen on a map of the city's original 58 blocks. The overall grade of the city's central, built-up areas is relatively consistent with the natural flatness of its overall natural geography, generally exhibiting only slight differentiation otherwise. The average land elevation is 579 ft (176.5 m) above sea level . While measurements vary somewhat,
8004-566: Was held in a purpose-built auditorium called the Wigwam . He defeated Douglas in the general election, and this set the stage for the American Civil War . To accommodate rapid population growth and demand for better sanitation, the city improved its infrastructure. In February 1856, Chicago's Common Council approved Chesbrough 's plan to build the United States' first comprehensive sewerage system. The project raised much of central Chicago to
8096-521: Was incorporated on Saturday, March 4, 1837, and for several decades was the world's fastest-growing city. As the site of the Chicago Portage , the city became an important transportation hub between the eastern and western United States. Chicago's first railway, Galena and Chicago Union Railroad , and the Illinois and Michigan Canal opened in 1848. The canal allowed steamboats and sailing ships on
8188-455: Was repealed. The 1920s saw gangsters , including Al Capone , Dion O'Banion , Bugs Moran and Tony Accardo battle law enforcement and each other on the streets of Chicago during the Prohibition era . Chicago was the location of the infamous St. Valentine's Day Massacre in 1929, when Al Capone sent men to gun down members of a rival gang, North Side, led by Bugs Moran. From 1920 to 1921,
8280-469: Was resolved by 1933, and at the same time, federal relief funding began to flow into Chicago. Chicago was also a hotbed of labor activism, with Unemployed Councils contributing heavily in the early depression to create solidarity for the poor and demand relief; these organizations were created by socialist and communist groups. By 1935 the Workers Alliance of America begun organizing the poor, workers,
8372-582: Was the area revived. In Frankfurt am Main 's city center, there is a business district called the " Bankenviertel ". In Düsseldorf , there is a business district which is located around the famous high street Königsallee with banks, shops and offices. Traditionally, the Central Business District "CBD" of Hong Kong is Central , where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as
8464-507: Was the city's first business center; There, the São Paulo Stock Exchange is located. The region comprising Avenidas Berrini, Doutor Chucri Zaidan, and Nações Unidas, the city's newest commercial district, has offices of multinational companies and also commercial services. In Rio de Janeiro , Brazil's second-largest city, the main business district still is in downtown, where Petrobrás and Vale headquarters are located, but there
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