51689
The Central Business District in Houston, Texas, USA.
Prior to the arrival of the Streetcar in Houston in the 1870, the area that is now the Central District of the city was the main residential area of the city.
While generally focused on the most prosperous areas of town, the Houston City Street Railway extended one line a full mile south of the centre of the city, making it the first streetcar network designed to spur residential development.
By the 1890s, new, larger local streetcar companies finally accumulated the capital necessary to begin constructing streetcar suburbs beyond the conventional boundaries of the city.
This led to the development and rapid growth of areas like the Houston Heights and Montrose Residential development subsequently moved out of the central business district; Quality Hill previously being Houston's first upscale neighbourhood was left virtually abandoned by the turn of the 20th century.
This spurred the redevelopment of the district into becoming the home to nine Fortune 500 corporations, 3,500 businesses, and approximately 150,000 workers. Major employers include Chevron, JPMorgan Chase, and United Airlines. It contains between 35% and 40% of the Class A office locations of the overall business districts in Houston
Information sources:
www.logically.ai/factchecks/library/f66dfe84
en.wikipedia.org/wiki/Downtown_Houston#Economy
51689
The Central Business District in Houston, Texas, USA.
Prior to the arrival of the Streetcar in Houston in the 1870, the area that is now the Central District of the city was the main residential area of the city.
While generally focused on the most prosperous areas of town, the Houston City Street Railway extended one line a full mile south of the centre of the city, making it the first streetcar network designed to spur residential development.
By the 1890s, new, larger local streetcar companies finally accumulated the capital necessary to begin constructing streetcar suburbs beyond the conventional boundaries of the city.
This led to the development and rapid growth of areas like the Houston Heights and Montrose Residential development subsequently moved out of the central business district; Quality Hill previously being Houston's first upscale neighbourhood was left virtually abandoned by the turn of the 20th century.
This spurred the redevelopment of the district into becoming the home to nine Fortune 500 corporations, 3,500 businesses, and approximately 150,000 workers. Major employers include Chevron, JPMorgan Chase, and United Airlines. It contains between 35% and 40% of the Class A office locations of the overall business districts in Houston
Information sources:
www.logically.ai/factchecks/library/f66dfe84
en.wikipedia.org/wiki/Downtown_Houston#Economy