Webb and Knapp was an 20th century American real estate development firm.
Overview The company is most famous for redeveloping the Roosevelt Airfield, which was the launching site of the transatlantic flights of Charles Lindbergh and Amelia Earhart. It was also the firm at which famed architect I. M. Pei first worked from 1948 to 1956.
History The company was founded in 1922 by Robert C. Knapp and W. Seward Webb.
William Zeckendorf joined the firm in 1938 and acquired it in 1949.
In 1965, the company filed for bankruptcy protection and Roosevelt Airfield was sold to Corporate Property Investors. The company's total assets of about million (equivalent to $million in ) were dwarfed by its total liabilities of about $60million (equivalent to $million in ) and contingent tax liabilities of $29.4million (equivalent to $million in ).
Notable projects
Roosevelt Field (shopping mall)
See also
Mills Corporation Simon Property Group
References