in 1982 by Edward B. Boettner (1933-2000) and Pres Kabacoff, HRI is
dedicated to the pursuit of rebuilding neighborhoods and recreating
entire communities. Through its subsidiaries, HRI has completed 70
large-scale projects for a total funding value of $2 billion which
include 5,114 apartment units, 4,116 hotel rooms, over 1,300,000
square feet of office and retail space.
HRI’s first project, the rehabilitation of the Federal Fiber Mills
into luxury apartments, led the transformation of New Orleans’
Warehouse District; propelled the transition of residents moving
back into the heart of the city; and marked the upsurge of museums,
art galleries, restaurants and hotels. The previous ghost town of
abandoned and decaying warehouses was transformed into a vibrant
community of over 3,500 residents and 250 new businesses. The
Warehouse District has become a blueprint for creating communities
where its residents can live, work and play.
HRI is constantly evolving to meet new challenges and stay
technologically advanced to better serve its customers. The demand
in the marketplace, inventory of empty buildings, HRI’s reputation,
and its portfolio of successful projects are HRI’s introduction to
cities and governmental units, but it is the interest in physical
neighborhoods and the restoration of the area as a whole which
makes HRI unique among developers. HRI seeks to create viable
neighborhoods. It looks for additional projects to enhance and
increase economic development around newly developed buildings.
Ernst & Young chose HRI as the national and regional 1998
Entrepreneur of the Year in real estate development because of its
mission and its unique approach to developing cities and
HRI has earned numerous awards for its restoration projects and
community service, including the National Preservation Honor Award,
conferred by the National Trust for Historic Preservation. Most
recently, HRI received the Sold on St. Louis Award for its
development initiatives in St. Louis.
HRI continues its mission by developing technically innovative and
aesthetically pleasing landmarks in cities throughout the country
and keeps a keen focus on its core values: respect for all,
teamwork/interdependence, and passion based on belief in the firm’s
HRI has established strategic financial alliances with The Related
Companies, Bank of America, U.S. Bank Corp., Kimberly Clark
Corporation, Advantage Capital, Chevron, Texaco, Prudential and
other major corporations.