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50-483: Downtown is the central business district of Seattle, Washington . It is fairly compact compared with other city centers on the U.S. West Coast due to its geographical situation, being hemmed in on the north and east by hills , on the west by Elliott Bay , and on the south by reclaimed land that was once tidal flats . It is bounded on the north by Denny Way, beyond which are Lower Queen Anne (sometimes known as "Uptown"), Seattle Center , and South Lake Union ; on

100-726: 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 ,

150-674: 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,

200-523: 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

250-617: 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

300-530: 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

350-639: Is connected to Seattle Center by a monorail . Downtown Seattle's Columbia Center has 76 floors, a greater number than any other building west of the Mississippi River (although there are taller buildings in Texas and California ). Smith Tower , in the Pioneer Square area, once held the title of tallest American building west of the Mississippi. Other notable buildings are the 1201 Third Avenue (formerly

400-540: 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 is a concentration of business in Botafogo harbor and in Barra da Tijuca ,

450-660: 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

500-645: 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 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

550-592: Is the largest employment center in the Puget Sound region , with an estimated employee population of 243,995 in 2013, accounting for half of the city's jobs and 21 percent of King County jobs. Several Fortune 500 companies headquartered in Downtown Seattle include Amazon , Nordstrom , and Expeditors International . The United States Postal Service operates the Seattle Main Post Office (also known as

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600-466: 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,

650-446: 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 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

700-647: 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

750-560: The Denny Party moved across the then-named Duwamish Bay in April 1852 to a low level marsh situated with a safe deep water harbor, located roughly in the city's Pioneer Square district. They named this new frontier "Duwamps". In the late 1850s, present day downtown Seattle became the main residential outskirts of the city. After the Great Seattle Fire , the business district was moved to

800-423: 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 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

850-668: 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 . Seven hills of Seattle Walt Crowley considered

900-760: The Midtown Post Office) at 301 Union Street at Third Avenue. Seattle City Hall is located at 600 4th Ave, adjacent to the King County Courthouse . Downtown is serviced by the Downtown Seattle Transit Tunnel , which carries Link light rail trains between Westlake and Chinatown–International District. The terminus for the Seattle Center Monorail is located at Westlake Center. A large number of bus lines also run through; those operated by Metro were previously free of charge while in

950-818: 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

1000-600: The Washington Mutual Tower), Two Union Square , Nordstrom 's flagship store , Benaroya Hall , the Seattle Central Library designed by Rem Koolhaas , and the main building of the Seattle Art Museum (built 1991, expanded 2007), the main facade of which was designed by Robert Venturi . Downtown parks include Westlake Park , Freeway Park , and Victor Steinbrueck Park . The Olympic Sculpture Park

1050-449: The area. Several of the city's hills around downtown were regraded starting around 1876. With about 65,000 people living in Seattle's core neighborhoods as of 2015, the downtown area's population is growing. Downtown saw a 10 percent increase in the number of occupied housing units and an 8 percent increase in population between 2010 and 2014, outpacing growth in the city as a whole. As of

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1100-560: 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

1150-501: 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 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

1200-588: 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

1250-644: 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

1300-690: 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

1350-515: 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

1400-637: 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

1450-459: 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 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

1500-404: 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 ,

1550-457: The east by Interstate 5 , beyond which is Capitol Hill to the northeast and Central District to the east; on the south by S Dearborn Street, beyond which is Sodo ; and on the west by Elliott Bay, a part of Puget Sound . Belltown , Denny Triangle , the retail district, the West Edge, the financial district, the government district, Pioneer Square , Chinatown , Japantown, Little Saigon, and

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1600-471: The end of 2014, there were 32 apartment and 2 condominium projects under construction, representing over 5,000 units. In 1989, building heights in Downtown and adjoining Seattle suburbs were tightly restricted following a voter initiative. These restrictions were dramatically loosened in 2006, leading to the increase in high-rise construction. This policy change has divided commentators between those who support

1650-673: 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,

1700-591: 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

1750-563: 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

1800-562: 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

1850-624: The increased density and those who criticize it as " Manhattanization ." As of 2018, Downtown Seattle has 82,000 residents and 300,000 jobs, including 48,000 added since 2010 in the Denny Triangle area. The downtown area has 71 million square feet (6,600,000 m) of office space, representing 79 percent of citywide inventory and 55 percent of commercial properties in the city. Office construction continues apace in Downtown Seattle, with 6.4 million square feet (590,000 m) planned to open in 2019, along with 161 projects. Downtown Seattle

1900-558: 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

1950-709: The main candidates for the seven hills to be: The hills above were associated with seven boulders in the City of Seattle's Seven Hills Park. Other hills people sometimes consider among the "seven hills of Seattle" include: Seattle's topography is due largely to Pleistocene ice age glaciation. Nearly all of the city's seven hills are characterized as drumlins (Beacon Hill, First Hill, Capitol Hill, Queen Anne Hill, Mount Baker) or drift uplands (Magnolia, West Seattle). The Seattle-Bergen Sister City Association ( Sister Cities International ) sponsors an annual "Seven Hills of Seattle" walk. Seattle's sister city, Bergen, Norway ,

2000-527: 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

2050-568: 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

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2100-518: 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 was the city's first business center; There, the São Paulo Stock Exchange

2150-414: 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 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

2200-473: 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

2250-433: The now-defunct Ride Free Area . Other buses from the suburbs operated by Sound Transit Express and Community Transit also terminate in downtown. Central business district A central business district ( CBD ) 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

2300-403: 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

2350-450: 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

2400-427: The western flank of First Hill west of Broadway make up downtown Seattle's chief neighborhoods. Near the center of downtown is the Metropolitan Tract which is owned by the University of Washington ; prior to 1895 it served as the location of the university's campus. Downtown is Seattle's financial and commercial maritime hub as well as its center of nightlife and shopping. The downtown shopping mall Westlake Center

2450-466: Was completed on the Belltown waterfront in January 2007. Downtown is also home to the landmark Pike Place Market , the oldest continually operating farmers' market in the United States and the core of activity in the area. The neighborhood had dozens of street clocks in the early 20th century to advertise businesses; by 1950, only 24 were left in the entire city. As of 2024, downtown has four remaining street clocks. After abandoning " New York Alki ",

2500-514: 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

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