It is a mixed socio-economic region consisting of working class , culturally and ethnically diverse waterfront neighborhoods such as Locust Point and Riverside around the large park of the same name ; The historic Federal Hill area , just south of the `` Inner Harbor '' , is now home to many working professionals , pubs and restaurants .
It is home to the ethnically diverse neighborhood of Locust Point , , the historic neighborhood Federal Hill , and poor residential neighborhoods like Cherry Hill .