In Colonial days the rich folks in residential Society Hill whispered of those who lived "north of Market," for this area, between Front and 5th streets and Chestnut and Vine streets, was the city's commercial district for industry and wholesale distributors, filled with wharves and warehouses and taverns. It also held the modest homes of craftsmen and artisans. Old City (as it became known more than 40 years ago, to distinguish it from the national park area around Independence Hall) is aptly named: it's one of the city's oldest and most historic neighborhoods, home to Elfreth's Alley; the Betsy Ross House; and Christ Church, where George Washington and John Adams came (across the tracks!) to worship at services. There's evidence of the Quaker presence here, too, in the Arch Street Meeting House.
Today the Old City neighborhood is Philadelphia's version of New York's SoHo. Many cast-iron building facades remain, though the old warehouses, with telltale names such as the Sugar Refinery and the Hoopskirt Factory, now house well-lighted loft apartments popular with artists and architects. There are small theaters—the Painted Bride, the Arden Theatre Company—and numerous art galleries and boutiques. The Old City Arts Association hosts a festive, popular event the first Friday of each month—known, appropriately enough, as First Friday—when the galleries throw open their doors during evening hours.