Financial District, Boston facts for kids
|Neighborhood of Boston|
The Financial District as seen from Boston Harbor
|Time zone||Eastern (UTC-5)|
|Area code(s)||617 / 857|
Like many areas within Boston, the Financial District has no official definition. It is roughly bounded by Atlantic Avenue, State Street, and Devonshire Street. Parts of the Financial District are in various USPS postal ZIP Codes, including 02108, 02109, 02110, and 02111.
The area includes Post Office Square, the Exchange Place and International Place complexes, and the landmark Custom House Tower (now a private condominium), and borders Quincy Market and Faneuil Hall.
The Financial District also contains the headquarters of the mutual fund companies Fidelity Investments, Putnam Investments, and DWS Scudder Investments; the world headquarters for State Street Bank and Eastern Bank; accounting firms Wolf & Company, P.C., PricewaterhouseCoopers, RSM McGladrey and BDO USA, LLP; loan advisor The Debt Exchange; the law firms of Bingham McCutchen, Goodwin Procter, WilmerHale, Kirkpatrick & Lockhart Nicholson Graham, and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, PC; the local headquarters of Bank of America (formerly Fleet Bank) and Sovereign Bank; the Langham Hotel Boston and Hilton Hotel; and the local offices of Merrill Lynch and other brokerages.
Dewey Square, One Financial Center, and the plaza and towers housing the Federal Reserve Bank of Boston are located near South Station, adjacent to and just south of the area defined above. Also part of the Financial District are 33 Arch Street, One Federal Street, the First National Bank Building, 100 Summer Street, and 101 Federal Street. The area contains many of Boston's highrise buildings in a fairly densely packed area, significantly more than the Back Bay which contains Boston's two tallest highrises, the Prudential Center and the John Hancock Tower.
There has been some recent development and construction in the area. Russia Wharf was recently completed along the Fort Channel and rises up to 395 feet and 32 stories. Construction of South Station Tower was scheduled to begin in 2009 but has been put on hold. If completed the tower would rise to 621 feet and 41 stories. One Franklin Street has recently been reworked by developers and construction on a 600 ft tower will begin in the near future. Other towers in the area such as the Aquarium Garage Development and the Congress Street Towers if approved could significantly change the Boston Skyline as well.
Financial District, Boston Facts for Kids. Kiddle Encyclopedia.