All articles tagged with #financial district
A water main break in San Francisco's Financial District caused a small sinkhole to form at the intersection of California and Montgomery streets, with water shooting 5-10 feet in the air. The California cable car line was unaffected, but nearby customers may experience low water pressure or service interruption as crews work to repair the break.
Three people were stabbed and one person was assaulted in San Francisco's Financial District. The incident occurred near Market Street and Battery, and an unidentified man was detained by the police. The suspect was arrested in connection to the crime, but the motive remains unknown. The condition of the victims is currently undisclosed.
Barbacco, an Italian restaurant located in San Francisco's Financial District, is closing after almost 14 years due to struggles caused by the COVID-19 pandemic. The restaurant had hoped for a return to pre-pandemic levels by 2023, but foot traffic never fully recovered. Customers can still visit Barbacco's sister restaurant, Perbacco, which is also an Italian restaurant located on the same street. The closure highlights the challenges faced by businesses in San Francisco, including remote work and increasing rent costs.
Century 21 department store has reopened in the Financial District after closing twice in the last two decades. The flagship store at 22 Cortlandt St. offers high-end, off-price fashion and has been a staple for over 60 years. The store filed for bankruptcy and closed all 13 of its East Coast stores in 2020 due to the financial impact of the COVID-19 pandemic. The new iteration houses four floors instead of the original six but promises to continue offering value and luxury. Mayor Eric Adams joined the ribbon-cutting ceremony and called the FiDi store a tourist attraction and a difference maker in the lives of everyday New Yorkers.
Two Manhattan residents have filed a $100 million class-action lawsuit against the owners, operators, and managers of a Financial District parking garage that collapsed on April 18, killing one person and injuring five others. The plaintiffs claim negligence and "reckless and wanton disregard for human life and property" on the part of the garage owners. The collapse is believed to have been caused by too many cars on the roof, along with heavier electric vehicles, and the garage had a long history of violations. Two other lawsuits have also been filed seeking unspecified damages.
An underground equipment failure caused a power outage affecting thousands of PG&E customers in San Francisco on Wednesday night. As of Thursday morning, less than 500 customers are still without power, but they are major customers in the Financial District and the Cruise Ship Terminal at Pier 29. The areas most affected are the Financial District, North Beach, and Nob Hill. The outage is expected to last until Saturday due to a vault fire that caused the equipment failure.
Most of the PG&E customers who lost power in San Francisco have had their power restored, except for about 500 customers in the Financial District, who are expected to have their power restored by 10 a.m. Saturday. The outage affected over 9,000 customers in the Financial District, North Beach, Russian Hill, and Nob Hill neighborhoods, and was caused by a vault fire. The outage occurred during a heatwave in the Bay Area, with temperatures reaching up to the high 80s or even 90 in some areas.
The former home of National Enquirer, Daily News, and JPMorgan Chase bank in New York City will be converted into residential living, creating 1,300 new apartments inside. The project will be the largest office-to-residential conversion in America. The new owners plan to raise the height to 32 stories while still complying with density restrictions. The building is expected to open up for rent in 2025.
A parking garage in New York City's Financial District collapsed, killing one worker and injuring five others. The collapse caused concrete floors to fall on top of each other, crushing cars and causing a fearsome rumbling. Authorities believe they have accounted for everyone inside the building, but searches continue to make sure no one is in any of the squashed cars. The cause of the collapse is unknown, and the building is considered completely unstable.