David C, May 21, 2020, Commercial Construction & Renovation:
New York is a city full of historic landmarks. From the Statue of Liberty to the Empire State Building over to the Brooklyn Bridge, these and hundreds of other historic structures located throughout the five boroughs require regular maintenance and occasional restorative investments to remain standing in good condition.
For the majority of the city’s lesser-known landmark buildings, it’s these efforts towards preservation and restoration that contribute to their continued existence. Other notable buildings – those lacking the fame or free-market incentive needed to keep them upright – are now nothing but memories.
Driving much of the energy and initiative behind preserving historic buildings are New York’s leading property developers and investment firms. For example, HFZ Capital is a Manhattan-based real estate investment and development firm with a history of buying and renovating landmark buildings throughout the city. Some of the more notable historic structures under their ownership and management include The Astor and The Belnord, two residential buildings built in the early 1900s.
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