Downtown is the historic cultural, financial, and commercial center of South Florida, tracing its history back to the 19th century. In recent years, the area has grown to become the fastest-growing area in Miami. Downtown is home to many major museums, parks, schools and colleges, banks, courthouses, government offices, theaters, shops and historic buildings. Recent mass construction of high-rise residential buildings and office towers has revitalized Downtown with new shops, bars and restaurants opening up, thus attracting many new residents and serving as a destination for nightlife. Downtown Miami is home to the American Airlines Arena and is only 5 minutes from Miami Beach.