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63-602: Glasgow City Centre is the central business district of Glasgow , Scotland . It is bordered by the Saltmarket, High Street and Castle Street to the east, the River Clyde to the south, and the M8 motorway to the west and north. It is made up of the areas of Garnethill , Blythswood Hill , and Merchant City , though parts of Cowcaddens , Townhead , Anderston and Calton also fall within its boundaries. The city centre

126-636: A shipyard with a considerable floor area on which the lines produced by a naval architect can be laid off in their full dimensions. After that the full-size drawings can be copied with the aid of wooden moulds to which, in turn, the steel frames or, in the case of wooden vessels, the hull moulds, are fashioned (see lofting ). An elevated area or gallery in a shipyard where workers stand while fitting rigging . A large, open, high ceilinged space where parachute riggers re-pack parachutes into parachute containers. A large open space used by sailmakers to make sails . The floor has to be big enough to lay out

189-439: A fireplace. Loft apartments are apartments that are generally built from former industrial buildings. When industrial developments are developed into condominiums instead of apartments, they may be called loft condominiums . The general term warehouse-to-loft conversions may sometimes be used for development of industrial buildings into apartments and condominiums. "Loft-style" may also refer simply to developments where

252-425: A loft is an upper room or storey in a building , mainly in a barn, directly under the roof , used for storage (as in most private houses). In this sense it is roughly synonymous with attic , the major difference being that an attic typically constitutes an entire floor of the building, while a loft covers only a few rooms, leaving one or more sides open to the lower floor. In British usage, lofts are usually just

315-399: A loft to create an extra room in order to prevent needing to move to a new house. The most common additions are an extra bedroom or study. The attic area of a building tends to be unused, but when converted can add a large amount of floor space. Housing for domestic pigeons is often called a pigeon loft. Pigeon lofts consist of a large cage or aviary and sometimes a nest box . They were

378-700: 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,

441-448: A roof space accessed via a hatch and loft ladder, while attics tend to be rooms immediately under the roof accessed via a staircase. Lofts may have a specific purpose, e.g. an organ loft in a church , or to sleep in (sleeping loft). In barns a hayloft is often larger than the ground floor, since it would store a year's worth of hay. An attic or loft can often be converted to form a functional living accommodation (see Loft conversions in

504-599: 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 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

567-471: A street-level business occupies the first floor while apartment "lofts" are placed above the first floor. Sometimes, loft apartments are one component of municipal urban renewal initiatives that also include renovation of industrial buildings into art galleries and studio space as well as promotion of a new part of the city as an " arts district ". Originally popular with artists , they are now highly sought-after by other bohemians and hipsters, and

630-534: 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

693-635: 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

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756-922: Is a concentration of business in Botafogo harbor and in Barra da Tijuca , 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 ,

819-495: Is a residential unit located in a commercially zoned building that has either been issued a certificate of residential occupancy or meets specific criteria making it eligible for the protection of loft laws, which vary state by state. For example, in New York State a live/work loft must meet the following criteria: Loft Law was designed to protect artists and other entrepreneurs that are remote workers . To qualify for

882-540: 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

945-419: Is based on a grid system of streets, similar to that of Barcelona or American cities, on the north bank of the River Clyde. The heart of the city is George Square , site of many of Glasgow's public statues and the elaborate Victorian Glasgow City Chambers , headquarters of Glasgow City Council . To the south and west are the shopping precincts of Argyle Street , Sauchiehall Street and Buchanan Street ,

1008-549: Is home to most of Glasgow's main cultural venues: The Theatre Royal (home of Scottish Opera and formerly Scottish Ballet which now resides in The Tramway Theatre ), The Pavilion , The King's Theatre , Glasgow Royal Concert Hall , Glasgow Film Theatre , Gallery of Modern Art (GoMA), Mitchell Library , the Centre for Contemporary Arts, McLellan Galleries and The Lighthouse Museum of Architecture, Design and

1071-433: 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 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

1134-1124: Is the demand for these spaces that real estate developers have taken to creating ready-made "lofts" in urban areas that are gentrifying or that seem primed to do so. While some of these units are created by developers during the renovation of old buildings, a number of them are included in the floor plans of brand new developments. Both types of pre-fab loft offer buyers or renters proximity to urban amenities afforded by traditional lofts, but without perceived safety risks of living in economically depressed formerly industrial areas. Real estate industry distinguishes between two kinds of lofts. "Hard lofts" are former industrial buildings converted to residential or live/work use. Many of these conversions retain open ceilings with exposed beams, electrical wiring, and HVAC ducts, instead of covering them with modern suspended ceilings or sheetrock ceilings. "Soft lofts" are loft-style residential buildings built entirely anew. They are open-concept spaces with high ceilings, large windows, brickwork, and cement ceilings. Soft lofts can look more residential and have modern finishes, but lack

1197-680: 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

1260-470: 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,

1323-669: 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

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1386-669: The Royal Bank of Scotland . The Ministry of Defence have several departments and Clydeport , the Glasgow Stock Exchange , Student Loans Company , Scottish Executive Enterprise, Transport and Lifelong Learning Department , BT Group , Scottish Qualifications Authority and Scottish Enterprise also have their headquarters in the district. 55°51′46″N 4°15′15″W  /  55.86279°N 4.25424°W  / 55.86279; -4.25424 Central business district A central business district ( CBD )

1449-646: The gentrification of the former manufacturing sectors of medium to large cities is now a familiar pattern. One such sector is Manhattan 's Meatpacking District . The adoption of the Adaptive Reuse Ordinance (2001) in the City of Los Angeles (primarily the Arts District ) is another example of such legislation to encourage the conversion of no longer economically viable industrial and commercial buildings to residential loft communities. Such

1512-685: 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 . Loft#Loft apartment In US usage,

1575-571: 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 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

1638-411: The City . The world's tallest cinema, the eighteen-screen Cineworld , is situated on Renfrew Street. The city centre is also home to four of Glasgow's higher education institutions: The University of Strathclyde , The Royal Conservatoire of Scotland , Glasgow School of Art and Glasgow Caledonian University . To the east is the commercial and residential district of Merchant City . The Merchant City

1701-731: The Loft Law protection, the unit must be primarily residential with the commercial purpose being clearly incidental to the residential use; utilising no more than 49% of the total space; with no more than 3 employees; and be carried on by the actual occupant of the unit. Historically, loft residents consisted of artists and other artisans taking advantage of cheap rents, large spaces and load-bearing floors. Loft residences were illegal and loft dwellers resided under commercial leases, forgoing basic residential rights such as domestic hot water and sanitation . To relieve their uncertain status, many state legislatures enacted loft laws. A long building at

1764-874: 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

1827-475: The Saltmarket and Trongate , and at the heart of the annual Merchant City Festival . The area has supported a huge growth in art galleries, the origins of which can be found in the late 80s when it attracted artist-led organisations that could afford the cheap rents required to operate in vacant manufacturing or retail spaces. The artistic and cultural potential of the Merchant City as a 'cultural quarter'

1890-511: The Square , Merchant Square, and the City Halls . A large part of Glasgow's LGBT scene is located within the Merchant City. This includes many clubs, along with a couple of saunas. Recently the city council defined (and perhaps expanded) the area known as Merchant City as far west as Buchanan Street , marking these boundaries with new, highly stylised metal signage. To the western edge of

1953-588: The United Kingdom ). In modern Norwegian and in English, "loft" is used for the upper room or the space just under the roof in larger buildings. The word originates from Old Norse lopt, loft which also could mean air or being elevated (as in the related word løfte , English "to lift"). In older Scandinavian usage, loft referred to a two-storey unheated building used for storage and bedroom, in contrast to dwelling buildings that were one-storey with

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2016-464: The area fell out of favour with residents. From the late 1980s onwards, the Merchant City has been rejuvenated with luxury city centre apartments and warehouse conversions . This regeneration has supported an increasing number of cafés and restaurants. The area is also home to a number of high end boutique style shops and some of Glasgow's most upmarket stores. The Merchant City is the centre of Glasgow's growing 'cultural quarter', based on King Street,

2079-575: 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

2142-515: The character and history of hard lofts. A commercial loft refers to upper storey space, usually in a commercial or industrial building with higher ceilings; a second storey area for storage or offices above may be added within the original space used by a previous business occupant, effectively becoming a mezzanine area within the commercial loft space. Such adaptation of loft space, can result in better operating efficiencies for ongoing light industrial, commercial and work/live use. A Live/work loft

2205-534: The city centre, occupying the areas of Blythswood Holm and the southern edges of Blythswood Hill , lies Glasgow's financial district, known officially as the International Financial Services District (IFSD), although often irreverently nicknamed by the contemporary press as the "square kilometre" or "Wall Street on Clyde". Since the late 1980s the construction of many modern office blocks and high rise developments have paved

2268-605: 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

2331-468: 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 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

2394-650: 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

2457-724: 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

2520-515: 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

2583-488: 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 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

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2646-656: 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

2709-404: 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 ,

2772-514: 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 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

2835-703: 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,

2898-599: 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

2961-581: 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

3024-574: 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

3087-574: 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

3150-666: The latter featuring more upmarket retailers and winner of the Academy of Urbanism 'Great Street Award' 2008. The main shopping centres are Buchanan Galleries and the St. Enoch Centre , with the up-market Princes Square and the Italian Centre specialising in designer labels. Glasgow is generally recognised as the United Kingdom 's second largest and most economically important retail sector after Central London . The city centre

3213-546: 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

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3276-581: 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

3339-479: 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

3402-522: 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

3465-407: The sail as the canvas is marked and cut ready for sewing. Some churches have a choir loft , where the singers stand or sit during services. Sometimes the church organ is located in an organ loft, which may or may not have space for musicians apart from the organist. Churches may also contain triforiums with projecting watching-lofts. It is fairly common to convert all or part of a home into

3528-441: 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 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

3591-450: 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

3654-668: The way for the IFSD to become one of the UKs largest financial quarters. With a reputation as an established financial services centre, coupled with comprehensive support services, Glasgow continues to attract and grow new business. Of the 10 largest general insurance companies in the UK, 8 have a base or head office in Glasgow - including Direct Line , Esure , AXA and Norwich Union . Key banking sector companies have also relocated some of their services to commercial property in Glasgow - Resolution , JPMorgan Chase , Abbey , HBOS , Barclays Wealth, Tesco Personal Finance, Morgan Stanley , Lloyds TSB , Clydesdale Bank , BNP Paribas , HSBC and

3717-458: Was formerly the residential district of the wealthy city merchants in the 18th and early 19th centuries, particularly the Tobacco Lords from whom many of the streets take their name. As the Industrial Revolution and the wealth it brought to the city resulted in the expansion of Glasgow's central area westward, the original medieval centre was left behind. Glasgow Cross, situated at the junction of High Street , Gallowgate, Trongate and Saltmarket

3780-413: Was harnessed by independent arts organisations and Glasgow City Council , and the recent development of Trongate 103, which houses galleries, workshops, artist studios and production spaces, is considered a major outcome of the continued partnership between both. The area also contains a number of theatres and concert venues, including the Tron Theatre , the Old Fruitmarket, the Trades Hall, St Andrew's in

3843-514: 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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3906-441: Was the city's first business center; There, the São Paulo Stock Exchange 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

3969-426: Was the original centre of the city, symbolised by its Mercat cross . Glasgow Cross encompasses the Tolbooth Clock Tower; all that remains of the original City Chambers , which was destroyed by fire in 1926. Moving northward up High Street towards Rottenrow and Townhead lies the 15th century Glasgow Cathedral and the Provand's Lordship . Due to growing industrial pollution levels in the mid to late 19th century,

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