During the renovation, crews will replace HVAC, electrical, plumbing, and lighting systems.
In some areas, he said, the city may have to replace old plumbing running from the mains to the buildings.
They replaced plumbing, heating/cooling, and electrical systems, added new lighting, planted trees, and repaved the lot.
Alan Wasserman, one of the buyers, said last week that his group had done major rehabilitation, including replacing or upgrading the heating, plumbing and electrical systems.
A large part of the corporate financing is now helping subsidize poor people's rents instead of simply replacing bricks, mortar, windows and plumbing.
It has cost the Players about $750,000 over the last few years to replace outmoded plumbing and electrical systems and to upgrade furnishings.
He has spent more than $1 million stripping walls and woodwork, rebuilding chimneys, raising sunken floors, rerouting heating pipes and replacing plumbing and electrical systems.
Workers installed new walls, ceilings and floors, reconfigured the electrical wiring, and replaced failed plumbing.
The renovation would replace plumbing, wiring and more than 65,000 windows in the 130-acre development.
This included removal of escalators in the lobby, tearing out and replacing all electrical and plumbing.