I was always amused that "pine" street in San Francisco is transliterated to "plank" in chinese. Broadway, incidentally, is "avenue of 100 old people".
[0] https://www.google.com/search?q=%E6%96%B0%E9%87%91%E5%B1%B1
See also: "New Forest", England, 1079.
It also happened just a few years (very much less than a decade) after the California Gold Rush, and there were other gold rushes after that, so I'm not sure why it's "new" either.
Chinese translators really like to translate names and locations which impart some meaning but still sound kinda similar to actual word. Bai-lao-hui sounds kinda like Broadway to a Chinese person. Also, presumably NYC's Broadway is an avenue of a hundred old people because affluent (older) people go to watch musicals more.