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Julie Harper, a local lawyer, and her husband, Jason, a stockbroker, rescued a mid-19th-century Georgian home, renovating it into their offices and two rental apartments four years ago.
The Pratt Area Community Council, a nonprofit affordable-housing organization, bought a dilapidated Washington Avenue building from the city with the intention of renovating it into rental apartments, but it turned out to be beyond repair.
Koos and Michelle van der Merwe purchased a sports complex in Kleinzee in 2014, renovating it into a vacation resort.
Mr. Kritikos, who has owned the building nine years, said he had spent $300,000 renovating it into a business catering to a natural clientele.
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They included Ian Schrager, of Studio 54 fame, who tried but failed to renovate it into apartments.
The town has begun taking steps to designate the house a landmark in order to buy it and renovate it into a John Coltrane museum.
With the proceeds from the sale of her West Village studio, she was able to buy an interest in the house and help pay to renovate it into a space they now call their own.
BP, the energy behemoth, is spending an estimated $600,000 to renovate it into a carpeted, air-conditioned dormitory where more than 300 workers can sleep after long days of helping to clean up BP's catastrophic oil spill in the Gulf of Mexico — a spill that has tainted the waters of this coastal parish, still grappling with its last calamity.
Four years ago Mr. Pilevsky, a former partner of the hotelier Ian Schrager, bought a 30-year-old rundown hotel in Great Neck for $7 million and spent $8 million to renovate it into an upscale New York City-style boutique hotel called the Andrew.
Then, in the early 90's, the Metropolitan Pier and Exposition Authority, which oversees the pier as well as the McCormick Place convention facility further south on the lakefront, spent $150 million to renovate it into an urban amusement park with rides, restaurants, museums and theaters.
Together they bought a derelict finca called Ca'n Pep Toniet in the countryside east of Sant Antoni and they decided to renovate it into a hotel.
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