The Fleetinsel, the Fleet Island, is located between the Old City and the new part, between two canals, the Herrengrabenfleet and the Alsterfleet, and between the underground stations, Stadthausbrücke and Baumwall. The island is connected via bridges. A few warehouses and shipping companies" offices have been preserved in the vicinity. At the beginning of the 90s, modern hotels such as the Steigenberger and other office buildings sprang up around the local market called Fleetmarkt.