Webb and Knapp
IndustryReal estate development
Founded1922; 102 years ago (1922)
FounderRobert C. Knapp
W. Seward Webb

Webb and Knapp was a real estate development firm.

The company is most famous for developing 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.[citation needed]

History

The company was founded in 1922 by Robert C. Knapp and W. Seward Webb.[citation needed]

William Zeckendorf joined the firm in 1938 and acquired it in 1949.[1]

In the 1960s, the company filed for bankruptcy protection and Roosevelt Airfield was sold to Corporate Property Investors.[2][3] The company at that time had total assets of about $21,500,00 and total liabilities of about $60 million, plus contingent tax liabilities of $29,400,000.[4]

References

  1. ^ "Mr. Knickerbocker's Face Lifting". Time. October 14, 1946.(subscription required)
  2. ^ BARMASH, ISADORE (June 5, 1977). "Roosevelt Field: A Shopping Giant at a Crossroads". The New York Times.
  3. ^ BEDINGFIELD, ROBERT E. (February 13, 1970). "Liquidation Asked For Webb & Knapp". The New York Times.
  4. ^ Supreme Court, United States (1971). United States Reports: Cases Adjudged in the Supreme Court. Banks & Bros., Law Publishers. p. 419.
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