The "Historic Core", refers to the area around the fort in the center of Statia's capital city, Oranjestad, where the first Europeans settled in the early 17th century. The historic Caribbean atmosphere of the town is specifically defined by the traditional small wooden-framed dwelling houses that are concentrated in this area. The government-sponsored Historic Core Renovation Project is unique in the special attention that is being paid to the consolidation, preservation and restoration of this heritage. During the eight years of the project many buildings have been restored in keeping with the unique historic atmosphere of Statia. The results are a tribute to the outstanding dedication and skills of Statia's craftsmen. Now the St. Eustatius Historical Foundation and the Monuments Foundation manages some of the restored properties in the Historic Core. It is hoped that eventually some of the properties will be used as guesthouses.