NEIGHBORHOOD OF THE WEEK: Flatiron District

Flatiron District is named after the Flatiron Building at 23^rd Street, Broadway and 5^th Street.

The Flatiron District encompasses within its boundaries the Ladies' Mile Historic District and the birthplace of Theodore Roosevelt, a National Historic Site. The Flatiron District was also the birthplace of Silicon Alley, a metonym for New York's high technology sector, which has since spread beyond the area. The rapid growth of internet companies during the 1990s, known as the Dot-com bubble, came to a rapid halt during the early 2000s recession. During this economic contraction, many internet companies in Silicon Alley folded. The recession also affected publications that covered the sector.