Olshan Client Magnetic Construction Group Corp. Restores Historic Hotel

Firm News

The Wall Street Journal (subscription required) featured the renovation of the Knickerbocker Hotel in Times Square in a story highlighting the recent and continuing trend of the conversion of landmarked properties into luxury hotels. The Knickerbocker, a Beaux-Arts gem at the corner of 42nd Street and Broadway, was built by John Jacob Astor IV, and in its heyday was a magnet for celebrities like Enrico Caruso and F. Scott Fitzgerald. The $125 million renovation, being constructed by Olshan client Magnetic Construction Group Corp., will feature the restoration of the building’s many historic details, together with the addition of a central courtyard and several hospitality and recreation spaces.  Alexander Ferrini is representing Magnetic in connection with the construction of the project.

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.