#NewYork #5thAvenue #Manhattan
#FifthAvenue is a major thoroughfare in the borough of #Manhattan in #NewYorkCity. It stretches north from #WashingtonSquare Park in #GreenwichVillage to #West143rdStreet in #Harlem. It is considered one of the most expensive and elegant streets in the world.
#5thAvenue was originally only a narrower thoroughfare but the section south of #CentralPark was widened in 1908, sacrificing its wide sidewalks to accommodate the increasing traffic. The midtown blocks, now famously commercial, were largely a residential area until the turn of the 20th century. The first commercial building on #FifthAvenue was erected by #BenjaminAltman who bought the corner lot on the northeast corner of #34thStreet in 1896. In 1906 the B. Altman and #CompanyBuilding was erected, occupying the whole of its block front. The result was the creation of a high-end shopping district that attracted fashionable women and the upscale stores that wished to serve them. #TheLord & #TaylorBuilding, formerly Lord & Taylor's flagship store and now a WeWork office, is located on #FifthAvenue near the #EmpireStateBuilding and the #NewYorkPublic #LibraryMainBranch.
In the 1920s, traffic towers controlled important intersections from 14th to 59th Streets.
#FifthAvenue originates at #WashingtonSquarePark in #GreenwichVillage and runs northwards through the heart of #Midtown, along the eastern side of #CentralPark, where it forms the boundary of the #UpperEastSide and through #Harlem, where it terminates at the #HarlemRiver at 142nd Street. Traffic crosses the river on the #MadisonAvenueBridge. #FifthAvenue serves as the dividing line for house numbering and west-east streets in #Manhattan, just as Jerome Avenue does in #theBronx. It separates, for example, #East59thStreet from #West59thStreet.
From this zero point for street addresses, numbers increase in both directions as one moves away from #FifthAvenue, The building lot numbering system worked similarly on the #EastSide as well, before #Madison&LexingtonAves. were retrofitted into the street grid, confusing the building numbers. Confusingly, an address on a cross street cannot be predicted at the intersection of #MadisonAve. or #LexingtonAve., as these were added decades after the building numbers. It's as if the two retrofitted avenues are not counted for purposes of cross street addresses.
The "most expensive street in the world" moniker changes depending on currency fluctuations and local economic conditions from year to year. For several years starting in the mid-1990s, the shopping district between 49th and 57th Streets was ranked as having the world's most expensive retail spaces on a cost per square foot basis. In 2008, Forbes magazine ranked Fifth Avenue as being the most expensive street in the world. Some of the most coveted real estate on Fifth Avenue are the penthouses perched atop the buildings.
The American Planning Association (APA) compiled a list of "2012 Great Places in America" and declared #FifthAvenue to be one of the greatest streets to visit in America. This historic street has many world-renowned museums, businesses and stores, parks, luxury apartments, and historical landmarks that are reminiscent of its history and vision for the future. By 2018 portions of #FifthAvenue had large numbers of vacant store fronts for long periods, part of a citywide trend of vacant store fronts attributed to high rental costs.
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