March 2008 Manhattan Construction Crane Collapse
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March 2008 Manhattan Construction Crane Collapse
303 East 51st Street is a skyscraper in the Turtle Bay neighborhood in Manhattan, New York City, New York, United States. The residential building is with 32 floors. The building was under construction when, on March 15, 2008, the luffing-jib tower crane used to construct the skyscraper snapped off and fell, killing seven people in what Mayor Michael Bloomberg called the worst construction accident in New York City's recent history. History The original design for the skyscraper was a 40-story building that stood tall. On December 19, 2007, during the building's construction, the developer decided to scale up the building slightly to 44 stories for 117 residential units and tall. It was only a few months later that the crane collapsed and construction was halted. Construction at the site was completed in 2015. The finished building, the Halcyon Building, has 32 floors and its street address is 305 East 51st Street. Crane collapse On March 15, 2008, a crane owned by New Y ...
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HFZ Capital Group
HFZ Capital Group is a real estate development and investment company based in New York City. Ziel Feldman founded HFZ in 2005 and serves as chairman. As of 2019, HFZ manages more than $10 billion worth of development. History Prior to launching HFZ in 2005, Feldman was principal at the national development firm Property Markets Group (PMG), which he co-founded with Kevin Maloney in 1991. At PMG, Feldman also worked with Gary Barnett of Extell Development Company. In 2013, HFZ and partner Fortress Investment Group purchased four Manhattan rental buildings, including The Astor, from Westbrook Partners for more than $610 million. HFZ then converted the properties into for-sale condominiums. In March 2015, HFZ acquired The Belnord on the Upper West Side of Manhattan from Extell for about $575 million. HFZ hired architect Robert A. M. Stern for the renovation and conversion of the pre-war building into a condominium. In May 2015, HFZ acquired a full-block site in Chelsea, Manhat ...
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