Press Release

Restoration of Historic Chatsworth Nears Completion

New York, NY – June 30, 2017 – HFZ Capital Group, LLC, a leading Manhattan-based real estate development and investment company, announced it is nearing the completion of the restoration of The Chatsworth. Built in 1904, at the dawn of the 20th Century, The Chatsworth redefined prestigious living and is an iconic example of Beaux-Art pre-war architecture.

When HFZ Capital Group began the restoration of The Chatsworth in 2015, it approached the project with precision. John Simonlacaj, HFZ’s Managing Director of Development, explained, “We take pride in our ability to restore and preserve historic buildings to their original grace and refinement. We are able to do so because we have tremendous respect for what makes such historic buildings great in the first place.”

Under HFZ’s guidance, The Chatsworth is being modernizedwith the features and amenities befitting of a contemporary luxury residence. Each of the new apartments feature large, open spaces defined by beautiful finishes and high ceilings designed by Pembrooke and Ives, and modernized infrastructure that brings the building services into the 21st Century. The residents will share a host of new amenities including a lounge room; a children’s playroom; a game room with a private theater; and a well-appointed and spacious gym.

For all of the modern upgrades given to The Chatsworth, its historical and original underpinnings were carefully maintained and enhanced – both on the exterior and interior. HFZ’s team of designers and craftsmen painstakingly breathed new life into existing features and details to ensure a continuity between past and present. For Mr. Simonlacaj, the job of bringing such a rich history into the present was a challenging balancing act. “Buyers of this market demand the newest and the very best,” he noted. “We are designing not only for the today’s expectations, but for homes that will feel current well into the future. At the same time, we tap into the building’s history and character to create a story and offering befitting of its unique context. All of this is done with extreme attention and consideration.”