Downtown Port of Spain Finance) and the new Nicholas Tower, a commercial office building. Recently completed was the Richmond street Government Campus Plaza and the International Waterfront Centre Towers including the Hyatt Regency Hotel, with Towers C and D standing as the tallest buildings in Trinidad and Tobago and seventh and eighth tallest in the entire Caribbean region. Frederick Street, which runs north through the city to the Queen's Park Savannah, is Port of Spain's major avenue, connecting the two downtown squares with the uptown park, and very approximately dividing downtown into retail (east) and office (west) districts. One block east, lower Henry Street
Port of Spain east with an estimated population of 600,000. The city serves primarily as a retail and administrative centre and it has been the capital of the island since 1757. It is also an important financial services centre for the Caribbean and is home to two of the largest banks in the region. Port of Spain was also the "de facto" capital of the short-lived West Indies Federation, which united the Caribbean. Caricom was established in Chaguaramas, west of Port of Spain. The city is also home to the largest container port on the island and is one of several shipping hubs