Construction Today - Volume 16, Issue 1 - 37

oped," Hornig says. His personal involvement with every development ensures
that it stays on track. "It's not like we're
giving projects to a low-level development person," he says. "You'll see me at
every meeting."
That hands-on approach helps Hornig
Capital adjust to challenges in the market.
Cost is an issue on every project, but Hornig
says the company must also keep a careful
eye on absorption - how many tenants are
out there to fill a space. Absorption is less
of an issue in dense city centers such as
Manhattan and downtown Chicago where
a new businesses are always ready to move
in; however, the availability of tenants is
a factor in outer areas like the New York

boroughs where some of Hornig Capital's
projects are located.
It's vital to design those developments
to fill a need in the area so they will attract
users. "In these emerging neighborhoods
you don't have as much of the musical
chairs," he explains.
Hornig Capital is up to that challenge.
Whether it is a redevelopment of a former
Schlitz Brewery or a ground-up 48-unit
luxury condominium building at 211
Schermerhorn St. in Boerum Hill, Brooklyn, Hornig says the work is fulfilling.
His greatest joy is seeing how residents,
shoppers and businesses enjoy living
and working within the structures. "The
buildings will outlive me," he says.

Hornig Capital designs its
developments to fill a need in
an area and attract users.

«
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Table of Contents for the Digital Edition of Construction Today - Volume 16, Issue 1

Contents
Construction Today - Volume 16, Issue 1 - Cover1
Construction Today - Volume 16, Issue 1 - Cover2
Construction Today - Volume 16, Issue 1 - 1
Construction Today - Volume 16, Issue 1 - Contents
Construction Today - Volume 16, Issue 1 - 3
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