Apple has long been taking over old buildings of historical and architectural importance for restoring them to the company's needs. Such an effort from the iPhone maker over the years, has finally earned the company 'The New York City Landmarks Conservancy Chairman's Award' for preservation and restoration of a handful of locations within the New York City.

According to a recent report on (translated), The NYC Landmarks Conservancy has announced Apple as the winner of the Chairman's Award 2016 in recognition of its invaluable contribution towards restoring some notable historic buildings in NYC such as the Upper East Side retail store, Grand Central Terminal's retail space, West 14 Street and the company's SoHo location.

Each of these locations reportedly has some historical significance. Apple's contribution includes renovation of former banking complex built in 1921 and an old US Post Office.

It is reported that the Grand Central Terminal is the busiest of all in NYC, given its location at the heart of the transportation hub wherein 700,000 people commute through the station every day.

The Chairman's Award was reportedly launched in 1988 to recognise "exceptional commitment to the protection and preservation of the rich architectural heritage of New York". Apple is expected to receive its award at a Chairman's luncheon on 9 March.