Tribeca is a trendy Lower Manhattan neighborhood. The name is an acronym of the larger moniker Triangle Below Canal Street. This nickname came about when a reporter covering a community meeting mentioned one of the civic groups in attendance. The organization identified their group as the Tribeca Block Association. The name soon came to describe the entire neighborhood. The neighborhood encompasses the area within the boundaries of Canal Street, Broadway, Vesey and Wall Streets.
As New York grew after the colonial period, Tribeca was one of the first areas to experience residential development. The neighborhood underwent extensive commercial development in the late 19th and early 20th centuries. In the late 1960s, many commercial buildings became vacant. These historic buildings attracted artists because of their high ceilings and large numbers of windows that were a source of abundant natural light. Since the late 1980s, Tribeca has become a high-end residential neighborhood and home to a large number of celebrities. It plays host to the annual Tribeca Film Festival.
The neighborhood contains several National Landmarks and historic buildings including the Powell Building, the Textile Building and the former New York Mercantile Exchange. The entrances and exits of the Holland Tunnel are in the northwest corner of the neighborhood. The Tribeca firehouse that is home to Hook and Ladder #8 was the backdrop for the movie Ghostbusters.