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59-675: The area surrounding the Jiefangbei monument tower makes up the main central business district of the Yuzhong District of Chongqing and is one of the most prominent CBDs in the interior Western China . Thousands of shops, bars, and restaurants are located in Jiefangbei CBD including numerous large international department stores , upscale designer boutiques, local street food stalls, movie theaters , bars, and dance clubs; all clustered in pedestrian only streets surrounding

118-541: A central business district located away from its traditional city center, and there may be multiple CBDs within 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 ,

177-799: 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 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

236-534: 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

295-719: 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 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

354-535: Is a neighborhood in the Miguel Hidalgo borough of Mexico City . Polanco is an affluent colonia , noted for its luxury shopping along Presidente Masaryk Avenue , the most expensive street in Mexico , as well as for the numerous prominent cultural institutions located within the neighborhood. Originally a residential area of large single-family homes , the land use of the neighborhood began to change in

413-549: Is a well-established financial center that has several banking offices and corporate headquarters, as well as hospitals. Its Historic Center 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,

472-582: Is an area bordering Polanco to the north across Avenida Ejercito Nacional. It contains the Antara Polanco and Plaza Carso shopping malls, the Museo Soumaya and Museo Jumex , establishments which are sometimes incorrectly reported as being in the Polanco neighborhood. The population of Polanco is 27,322, distributed as follows across the colonias : Polanco enjoyed a construction boom in

531-467: Is flanked by a large number of large multinational department stores, streetfront luxury boutiques, and upscale restaurants, as well as commercial supertall skyscrapers . There are podiums offering additional retail options both streetside and underground. Jiefangbei is the heart of Chongqing city. It is located immediately uphill from the Chaotianmen Port; which itself is at the confluence of

590-495: Is in Polanco. A Field of Mars , it is used for military and government events, as well as equestrian events. In addition to the above-mentioned shopping and dining, Polanco and Nuevo Polanco together are one of the primary areas for Class A office space in the city and metro area. As of 2017 Polanco was the second fastest-growing area of new construction of office space. Samsung, Coca-Cola, Visa, GM, Nestlé, Telmex/Grupo Carso and many more multinationals have their headquarters in

649-556: Is not part of the Polanco neighborhood. However, Polanco and Nuevo Polanco are sometimes grouped together. The colonia takes its name from a river that crossed what is now the Avenue Campos Elisios (Elysian Fields Avenue), named in memory of the Spanish Jesuit Juan Alfonso de Polanco , a secretary of Ignatius of Loyola , whose relatives, members of the Polanco family, were members of board of

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708-605: 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 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

767-525: Is one of the most expensive real estate markets in Latin America . A newer development north of Polanco, popularly termed " Nuevo Polanco ", is a business district that is home to BBVA, WeWork and Telecel while also housing important cultural institutions such as the Museo Soumaya and the Colección Jumex . Nuevo Polanco , officially in the colonias of Granada and Ampliación Granada,

826-499: Is quite common in European cities such as Paris , Moscow , Vienna , Prague and Budapest . The New World grew quickly after 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

885-645: Is served by the Polanco and Auditorio stations of the Mexico City metro (subway). The western terminus of the double decker buses of the Reforma line of the Metrobús ( bus rapid transit ) is in Polanco. Peseros (minibuses), city buses and trolleybuses ply numerous streets in Polanco continuing to and from other parts of the city. Schools in Polanco include: The mansion of The Exterminating Angel ,

944-871: Is the Golden Triangle ( Segitiga Emas in Indonesian ) in Jakarta . Sudirman Central Business District , a super block that is located within the Golden Triangle, 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

1003-565: Is the Moscow International Business Center in Moscow . The shape and type of a central business district almost always closely reflect 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

1062-470: 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,

1121-669: 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

1180-468: The Chicago Loop is the second-largest central business district in the United States. It is also referred to as 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

1239-818: The Cold War , the city contains central business districts both in West ( Kurfürstendamm ) and in East Berlin ( Alexanderplatz ), as well as 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

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1298-599: The Jialing and Yangtze Rivers . 29°33′26″N 106°34′37″E  /  29.557194°N 106.576969°E  / 29.557194; 106.576969 Being the prominent CBD for the city, Jiefangbei is well served by public transportation. Chongqing Rail Transit (CRT) has three metro subway lines crossing the CBD and there are numerous municipal bus routes to other parts of the city. Taxis and shuttle buses are readily available to hail streetside or at hotel taxi stands throughout

1357-721: The 1940s, when large single-family residences were built. The architectural style of most of these buildings was "Colonial Californiano", inspired by the Mission Revival Style in the Southwestern United States , with pseudo- baroque quarry windows, front-side gardens and inside halls. Some of these mansions have been renovated and converted into businesses and restaurants; many others have simply been torn down and replaced with new buildings. Notable restaurants in Polanco include Pujol , Biko , Nobu , Morimoto , and Mr. Chow . Frequently named as

1416-741: The 1960s, the first department store arrived in the neighborhood, forever transforming the face of Polanco. In the 1970s, the last piece of land to be developed was sold, the triangle of Ejército Nacional, Ferrocarril de Cuernavaca and Periférico , where no stand-alone housing was built, only apartment buildings. The 1985 Mexico City earthquake reshaped the city layout, and Polanco was no exception; restaurants, embassies, boutiques and corporate business slowly moved from Zona Rosa and established themselves in Polanco. Big houses were torn down and replaced with new buildings. The former inhabitants typically moved to neighborhoods such as Bosques de las Lomas and Lomas de Tecamachalco . Land prices have become some of

1475-681: 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 . Polanco (Mexico) Polanco

1534-481: 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 the financial capital of the country, the famous CBD is The Bandra Kurla Complex in Mumbai . In Mumbai itself there

1593-592: 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 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

1652-510: 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 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

1711-410: The Jiefangbei monument and pedestrian square. The Jiefangbei pedestrian square itself is lined with numerous giant mega-shopping malls with jumbotron LED screens and illuminated advertising billboards located alongside the city's tallest commercial skyscrapers , world class international hotels, and luxurious residential accommodations. According to Women's Wear Daily , in 2013, Jiefangbei Square

1770-625: The Kings of Spain in the 17th century and came to Mexico as officers of the Crown. In a plan made by Francisco Antonio de Guerrero y Torres and dated 1784, a "ruined house Polanco" is located on the grounds of the Hacienda de San Juan de los Morales. This hacienda sits on land donated in the sixteenth century to Hernán Cortés by the King of Spain, under the jurisdiction of Tacuba . At the beginning of

1829-730: 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

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1888-574: The best restaurant in Mexico, in 2022 Pujol ranked 5th in The World's 50 Best Restaurants . Part of the city's iconic park, Chapultepec , falls within Polanco's borders. Parque Lincoln is the neighborhood park most associated with Polanco. The park's clock tower has become a symbol of Polanco. Other parks in Polanco are the smaller Parque América , Parque Machado and the Plaza Uruguay . The most important cultural institution located in

1947-426: The central business district. Central business district A central business district ( CBD ) 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

2006-605: 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

2065-650: 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

2124-724: 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

2183-578: The colonial times, parts of this land (near the current center of the Hacienda) were occupied for planting mulberry trees for breeding silkworms (hence the name "los morales"). The hull of the Hacienda as currently known dates from the eighteenth century. Extension lands belonging to the estate began to be divided in the late 1920s. Polanco was developed in 1937 by the Aleman family, the same developers of Ciudad Satélite and San José Insurgentes districts, on

2242-515: 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

2301-519: 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 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

2360-656: 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

2419-404: 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 ,

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2478-602: 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 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

2537-471: The hub for their respective areas outside 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

2596-413: The land that was originally the Hacienda de los Morales, just north of Molino del Rey town and Bosque de Chapultepec . The first area to be built is now called Polanco Reforma and lies just north of Paseo de la Reforma , the entrance to the new neighborhood marked by a tiled obelisk to Simon Bolivar facing Reforma. In those days, there were only mansions surrounded by gardens and tree lined streets. By

2655-659: The largest department store in Latin America is the flagship Palacio de Hierro Polanco, designed by Javier Sordo Madaleno . Polanco also has a freestanding Liverpool department store, which at 37,000 m2 is the largest in the chain . There is a Sears in the Pabellón Polanco mall. The defunct París-Londres had a branch in Polanco at Horacio 203, now an Innovasport superstore, as did Saks Fifth Avenue from 2010 to 2020 . Shopping centers include: Four other large shopping centers are located across

2714-731: The main business district still is in downtown, where Petrobrás and Vale headquarters are located, but there 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

2773-399: 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

2832-676: The middle of Polanco. The highest-priced street and the one with the most upscale boutiques in Latin America , it is compared by some to Beverly Hills ' Rodeo Drive or New York City 's Fifth Avenue . The Avenue was named by President Lázaro Cárdenas in honor of Tomáš Masaryk , the first President of Czechoslovakia . Shops include Louis Vuitton , Cartier , Chanel , Corneliani , Salvatore Ferragamo , Tiffany & Co. , DKNY, Ermenegildo Zegna , Brioni , Burberry , Bulgari , Chopard , Gucci , Hermès , Frette , Marc Jacobs , Max Mara , Hugo Boss , Rolex , Jaeger Le Coultre, Galerias Tehran, and Berger Joyeros. Measuring 55,248 m ,

2891-1000: The most expensive in the city, as zoning rules forbid skyscrapers in the area. There are few mansions remaining which are protected by INBA , therefore large building projects cannot be undertaken like the ones in Lomas de Chapultepec , or Santa Fe , two areas which have an edge on attracting new inhabitants. Ruben Darío Avenue, facing Chapultepec Park, and Campos Eliseos Avenue are two of the most expensive streets in Mexico City, with apartments ranging up to US$ 15 million. Polanco consists of five officially recognized colonias , called "Polanco I Sección", "Polanco II Sección", "Polanco III Sección", "Polanco IV Sección", and "Polanco V Sección". The borders of Polanco are: Formerly Polanco contained nine colonias whose names were: Bosque de Chapultepec, Bosque de Chapultepec Polanco, Chapultepec Morales, Chapultepec Polanco, Los Morales - Sección Palmas, Los Morales - Sección Alameda, Polanco Reforma, Polanco Chapultepec, and Rincón del Bosque. Nuevo Polanco

2950-433: The neighborhood is the National Museum of Anthropology , located in the area of Chapultepec Park that is officially part of Polanco. Other institutions located in Polanco include the Museo Tamayo (in Chapultepec) and the Sala de Arte Público Siqueiros (highlighting the work of David Alfaro Siqueiros ). The address of the Campo Marte , a venue under the administration of the Secretariat of National Defense (SEDENA)

3009-418: 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

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3068-403: 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

3127-469: The reunification with the redevelopment of Potsdamer Platz , and the construction of numerous shopping centers, government ministries, embassies, office buildings and entertainment venues, 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,

3186-492: The second half of the 20th century. Particularly after the 1985 Mexico City earthquake , the former residences were replaced by commercial properties and high rise buildings. Today, Polanco is best known as a shopping district . Polanco is often called the " Beverly Hills of Mexico", having one of the country's densest concentrations of luxury shopping, with the most upscale restaurants, high-net-worth individuals , upscale hotels, and diplomatic missions and embassies . It

3245-450: 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

3304-619: The street from the northern edge of Polanco: Antara , Plaza Carso , Miyana and Centro Comercial Polanco. Polanco is bordered on the west by the Anillo Periférico ring road and the Avenida Río San Joaquín freeway is just to the north, connecting the Periférico via Polanco to central Mexico City. Main east-west thoroughfares include (south to north:) Paseo de la Reforma , Avenida Presidente Masaryk , Ave. Horacio, Ave. Homero, and Ave. Ejercito Nacional. Main north-south thoroughfares include (east to west): General Mariano Escobedo, Molière, Ferrocarril de Cuernavaca and Juan Vásquez Mella. Polanco

3363-539: The urban area. Downtown sections of cities, especially in North America , often are distinct from CBDs and city centres. No two CBDs have 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

3422-492: 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 , 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

3481-579: Was popular with "young, stylish people to meet and shop at stores like Cartier , Ermenegildo Zegna , Louis Vuitton , Gucci and Rolex ." Chongqing Haochi Jie, which is a popular food street is not far away from Jiefangbei and is a popular destination among locals and tourists. Jiefangbei Shopping Square was completed in 1997. Jiefangbei consists of a large pedestrian square surrounding the 27.5-meter (90 ft)-tall People's Liberation Monument (celebrating China's victory in World War II). The 25,000 square meters (270,000 sq ft) shopping square

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