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is heading," says Zachary Aarons, co-founder of MetaProp, the venture capital fund running the tech
of buildings converting to condominiums. Now 6sqft reports that developer HFZ Capital has tapped starchitect
into the reserve fund and pay for looming capital projects, including replacement of the 15 buildings’ roofs
capital improvement costs for subways and buses; about $250 million would fund Fair Fares, the proposal
payment,” says Jared Epstein, vice president and principal of Aurora Capital Associates, which
to bite the property. When it was time to do some capital work and the board began looking for alternate
investing in capital improvements and new technology, we try to stay on top of the latest innovations
renovations and a sale to luxury developer Brack Capital Real Estate would provide funds to break ground
raise rents to cover the cost of major capital improvements. The City Council’s new action, which
. “Mandating the tremendous capital expenditure for sprinklers will surely divert scarce funds and attention

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