Yb) FAN i STUDY BLAS, ANNE DE LEON, JUSTINE MERCADO, BETHINA SAMANIEGO, KEREN PLANNING 2 PROF_GACUTANHISTORY ‘One of the oldest streets in Manila, Escolta was cteated in 1596. Its mame ‘was derived from the Spanish word ‘escoltar, meaning "to escort". Escolta ‘was known for its concentration of immigrant merchants, mainly from Fujian, China, who came to make their fortune during the Manila~Acapulco Galleon trade. The street was lined with shops and boutiques selling imported goods from China, Europe and ‘elsewhere in Latin America that arrived in the nearby port of San Nicolas. By the late 19th centary, Escolta flourished intoa fashionable business district hosting the city's tallest buildings as well as the Manila Stock Exchange. The shops were replaced by modern department stores and an electric tram line known as tranvia plied the street. Escolta served as the city's primary ‘commercial district until its decline in the 1960s when the center of business gradually shifted to Makati Source; WikipediaLocation: Escolta Street is a historic east-west street located in the old downtown district of Binondo in Manila, Philippines. It runs parallel to the Pasig River, from Plaza Santa Cruz to Plaza Moraga and Quintin Paredes Street. Land Area: The total land area of Escolta street is approximately 60000km42 with less than kilometer as its length.