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CONSIDERATIONS
BEFORE COMMENCING
A HISTORICAL
RESTORATION
PROJECT
Stuart Hansen
Introduction
• Stuart Hansen serves as a vice president of Marquee Asset
Management, LLC, where his responsibilities include managing real
estate investments and seeking investors from China, Japan and
other Asian countries. Shelter Asset Management, a division of
Marquee Asset Management under Stuart Hansen’s leadership, led
the renovation of numerous apartment complexes in theWestern
United States.
Before deciding whether to renovate or restore an apartment
building, stakeholders consider a variety of factors, such as the
site’s physical condition, competitive position and market demand.
Restoration
• In addition to evaluating the historical value and current state of a
property, developers also must ensure the rehabilitation or
renovation work complies with current codes. Issues such as lead
paint and asbestos should be addressed by an experienced
restoration professional to avoid adversely impacting historic
finishes. Renovation projects also must consider how to meet the
accessibility requirements of the Americans with DisabilitiesAct of
1990 with minimal changes to a historic building.A deep
understanding of Fair Housing Act is also of critical importance.

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Considerations before Commencing a Historical Restoration Project

  • 2. Introduction • Stuart Hansen serves as a vice president of Marquee Asset Management, LLC, where his responsibilities include managing real estate investments and seeking investors from China, Japan and other Asian countries. Shelter Asset Management, a division of Marquee Asset Management under Stuart Hansen’s leadership, led the renovation of numerous apartment complexes in theWestern United States. Before deciding whether to renovate or restore an apartment building, stakeholders consider a variety of factors, such as the site’s physical condition, competitive position and market demand.
  • 3. Restoration • In addition to evaluating the historical value and current state of a property, developers also must ensure the rehabilitation or renovation work complies with current codes. Issues such as lead paint and asbestos should be addressed by an experienced restoration professional to avoid adversely impacting historic finishes. Renovation projects also must consider how to meet the accessibility requirements of the Americans with DisabilitiesAct of 1990 with minimal changes to a historic building.A deep understanding of Fair Housing Act is also of critical importance.