Once a bastion of poor and working class Irish Americans, Hell's Kitchen's location in Midtown has changed its personality since the 1970s. Though Hell's Kitchen's gritty reputation had long held real-estate prices below those of most other areas of Manhattan, by 1969, the City Planning Commission's Plan for New York City reported that development pressures related to its Midtown location were driving people of modest means from the area. Since the early 1990s, the area has been gentrifying, and rents have risen rapidly. Located close to both Broadway theatres and the Actors Studio training school, Hell's Kitchen has long been a home to learning and practising actors, and, in recent years, to young Wall Street financiers.
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