SBA 504 Loans Now Allow Refinancing of Small Business Debt

SBA Administrator, Karen Mills, announced that the new refinance regulations for the SBA 504 loan guarantee program have been implemented. The refinance provision for SBA 504 loans was part in the 2009 American Recovery & Reinvestment Act (ARRA) passed earlier this year. The new refinancing provisions will open up credit and potentially free up working capital for America’s small businesses by improving cash flow.

(Vocus) June 30, 2009 — During a press conference on June 24 with Eric Zarnikow, Associate Administrator of SBA’s Office of Capital Access and Chris Crawford, President of NADCO – the trade association of America’s Certified Development Companies – Mills outlined the new refinancing provisions for small businesses that are expanding their stores, facilities or fixed assets.

The new refinancing provisions will also provide flexibility for banks and other small business lenders who want to reduce their credit risk on existing mortgage loans that are maturing in the next few years that were made to qualifying borrowers. By utilizing the benefits of SBA loan guarantees, lenders will reduce their loan-to-value ratio and maintain their banking relationships with their business borrowers while reducing their cost of reserves.

By making additional credit available to small business borrowers, this refinancing program will also provide more opportunities for them to purchase new real estate assets at more favorable prices in many markets. Not only can these firms expand their plants, these transactions will help local economies by reducing the inventory of commercial properties or bank-owned real estate. In turn, this can help stabilize local commercial real estate prices, restore these properties to active use and expand local tax bases.

SBA 504 debentures are also TALF eligible collateral for investors. Administrator Mills noted that over $80 million in 504 20-year debentures have been used to secure new loans by investors in the past two months under TALF guidelines issued by the New York Federal Reserve Bank.

Chris Crawford indicated that NADCO and the SBA are in the process of reviewing proposed Congressional legislation that could temporarily extend the benefits of mortgage debt refinancing to certain qualifying small businesses – specifically those that simply need to refinance mortgages that are soon coming due. He stated that 504 cannot stray from its Congressional mandate of job creation through small business expansion, however in today’s recession, 504 loans are often being used to retain jobs at small businesses by temporarily enabling them to roll over mortgages that contain short-term “balloon” payments. This allows businesses to work with their primary bank lenders to secure improved terms and stabilize their businesses, thus avoiding potential future defaults and additional bank losses.

Mills and Crawford encouraged small businesses to contact their local SBA offices, go to www.sba.gov for information on the 504 program, or talk to their local bank lenders about refinancing opportunities through 504. Additionally, small businesses planning to expand should contact the Certified Development Companies (CDC) in their communities who can provide details on applying for financing. A directory of CDCs is available on the NADCO web site www.nadco.org.

About the National Association of Development Companies

Created in 1981, the National Association of Development Companies is the trade association for America’s Certified Development Companies (CDCs). Certified by the U. S. Small Business Administration, CDCs are community-based economic development organizations that serve their local communities and states, and are dedicated to the promotion of small business expansion and job creation through SBA’s 504 Loan Program. In addition to the 504 program, many CDCs also provide small businesses with access to other Federal, state, and local economic development loan programs.

Based in the suburbs of Washington, D.C., NADCO provides legislative and regulatory support for the 504 Loan Program on behalf of CDCs, the program’s lending partners (including first mortgage lenders, attorneys and others allied to the industry), and 504 small business borrowers. For more information, please call (703) 748-2575 or visit www.nadco.org.

###

For the original version on PRWeb visit: http://www.prweb.com/releases/SBA_504_loan/NADCO/prweb2589444.htm

As the Economy and Real-Estate Market Struggles, Property Management Companies Flourish

While the economic grip tightens around the world, people are being forced to rent and lease at an increased rate. The combination of the credit crunch, foreclosures, and the need for a lower cost of living is pushing more and more Americans into the rental market. As a result, property management companies are generating record numbers with respect to clients and revenue.

Phoenix, AZ (PRWEB) June 29, 2009 — Primary Residential Management is pleased to announce that despite the lagging economy, the company is prospering in the Phoenix Metropolitan area. They have been in business since 2005 and are currently engaged in residential property management in the Phoenix Metropolitan Area. PRM prides itself on providing quality service to their clientele and their success shows this being accomplished. Credibility and reputation excel with PRM. They are an accredited business with the Better Business Bureau and affiliated with other Associations as well. Despite the downturn in the housing market, PRM has been prospering over local competition because of the way in which they are structured and managed.

PRM Services
PRM currently manages 600 plus homes for 500 plus investors/owners. PRM is comprised of five departments: Phoenix Metro Property Management, Leasing, Maintenance, Accounting, and New Owner Signups. PRM’s Maintenance Department is equipped with a licensed contractor which allows greater opportunity to produce income.

"We maintain proven systems for attracting, screening and securing quality tenants and provide all aspects of property support with a complete administrative staff for accurate & timely statements/disbursements," said Josh Mihaylo, a PRM employee.

Primary Residential Management has dedicated departments and personnel that facilitate all marketing, leasing, billing & accounting with a full service maintenance department to support issues that may arise. They believe in the management of your investment with quality service & consistent communication. This support is also reflected in their flat fee structure.

Fixed monthly fees for management are very competitive, and include all of the following:

– Monthly Rent Collection (including all legal postings & notices to Tenants)
– Monthly Accounting Statements
– Monthly Privilege Tax Collection (rental tax collected from Tenants)
– Quarterly/Monthly allocation of collected Privilege Tax to appropriate city
– Statutory Agent Service (receive legal notices on your behalf)
– HOA enforcement & compliance (including notices to Tenants)
– City compliance and enforcement upon documented violation
– Maintenance Coordination (includes working with Builder/Home Warranties)
http://www.AZPRM.com

###

For the original version on PRWeb visit: http://www.prweb.com/releases/phoenixpropertymanagement/azprm/prweb2591744.htm

Empire Breaks Ground at The Modern – Construction to Commence Soon on This Spectacular Condominium

Empire Breaks Ground at The Modern – Construction to commence soon on this spectacular condominium. Signaling confidence in the Toronto condominium market, progress was full speed ahead at The Modern as developer Empire Communities celebrated groundbreaking at this 343-suite Toronto condominium yesterday.

Toronto, Ontario (PRWEB) June 29, 2009 — Signaling confidence in the Toronto condominium market, progress was full speed ahead at The Modern as developer Empire Communities celebrated groundbreaking at this 343-suite condominium yesterday. Cheered on by over 120 enthusiastic purchasers and industry onlookers, Empire Principals Daniel Guizzetti, Paul Golini Jr., Andrew Guizzetti and Paul Golini Sr. made the official dig and dirt toss with "silver" ceremonial shovels. Following the ceremony, guests mingled with their future neighbours while enjoying a barbecue and live entertainment.

Offering modern living at Richmond and Sherbourne in one of Toronto’s most amenity-rich areas, this popular condominium is situated in the midst of trendy bars, cafes, restaurants and close to the designer districts on King and Queen.

"This is an important milestone for Empire Communities and our purchasers," said Daniel Guizzetti, President, Empire Communities. "The start of construction also means the creation of approximately 680 jobs industry-wide, which is great news for the many suppliers of the products and services needed to build and complete this condominium."

The Modern is handy to the TTC, and just blocks from the tree-lined streets along Front that provide charming opportunities to shop and enjoy the vibrancy of the city. The St. Lawrence Market, The Sony Centre for the Performing Arts, Air Canada Centre, Distillery District – so many of Toronto’s fabulous amenities are all only minutes away.

Building amenities include the M Lounge rooftop terrace with barbecues, an outdoor shower and hot and cold plunge pools; Mod Club with a fireplace, bar, billiards, TV, fitness area, yoga studio, table for 10 and catering gallery. Suites feature French balconies and/or balconies or terraces, engineered flooring, Euro-chic kitchens with stone counters and stainless steel appliances, and spa-like bathrooms.

One-bedroom, one-bedroom + den and two-bedroom layouts in sizes from 450 to 905 sq. ft. are priced from $212,900 to just over $380,000. Occupancy is scheduled for spring 2011.

The Modern is now showcased in Empire’s Condo Living Store at 49 Spadina Avenue, just north of Front (entrance on the north side of the building facing Clarence Park). For more information on The Modern, call 416-979-1333 or visit www.themoderncondos.com. For an overview of Empire’s many fine communities, visit www.empirecommunities.com.

# # #

For the original version on PRWeb visit: http://www.prweb.com/releases/2009/06/prweb2583804.htm

Historic Ocean House to Re-open in Watch Hill, Rhode Island

One of New England’s Original and Iconic Grand Hotels Comes Back to Life

Watch Hill, Rhode Island (PRWEB) June 29, 2009 — A slice of 19th century history in Watch Hill, RI, that has engaged vacationers since just post Civil War begins a 21st century iteration next spring.

Continuing its 136 year history, the Ocean House, one of the last grand hotels in New England, will re-open its doors in June 2010.

The Ocean House will be a five star hotel featuring 49 guestrooms and 23 private residences perched high on the bluffs in Watch Hill Rhode Island with sweeping views of the Atlantic Ocean, Montauk and Block Island.

"We are thrilled to re-open the doors of the Ocean House to our guests and friends," said Daniel Hostettler, Managing Director of Ocean House. "For generations, the Ocean House provided a summer homecoming to returning guests year after year and we are excited to revive the tradition in a casually elegant yet sumptuous setting."

Because of its age, the original structure was dismantled in 2004 after the property closed in 2003. Longing to preserve this centerpiece of Watch Hill history, a community group came to its rescue. Bluff Avenue LLC, led by Charles M. Royce, Nicholas C. Moore, Donna Simmons and Grant Simmons, was formed to preserve the Ocean House site as a hotel, community asset and significant cornerstone of the Watch Hill and Westerly neighborhood for generations to come.

"The Ocean House is a reminder of a simpler time," said Mr. Royce. "The friendships and family bonds that were forged here have lasted a lifetime. Our goal is to recreate the environment of those golden days and provide the chance for people to once again gather and enjoy this grand and extraordinary spot."

Famously known for its warm yellow façade and stunning views of the Atlantic, the Ocean House was built in Watch Hill just after the Civil War. The Victorian-style hotel has always been a gracious and genteel resort where generations of families and guests from across America would come "to summer."

The new Ocean House will be open year-round and will cater to leisure and business travelers seeking a serene, first-class, beachfront hotel. Guests will be treated to "farm to table" cuisine in both the fine and casual dining venues. A private Club Room and bar will offer light fare and a convivial atmosphere. An impeccably designed spa will feature six treatment rooms, an ocean view lap pool and a state-of-the-art fitness center. A 1,000 foot expanse of private beach will provide guests with an oceanfront playground replete with staffed cabanas and an array of water sports and area activities.

The Ocean House will feature over 10,000 square-feet of indoor and alfresco events space to accommodate private gatherings, corporate retreats, business conferences and weddings.

In addition to the hotel, the Ocean House will feature 23 private residences ranging from sumptuous studios to stately two bedrooms, all with stunning ocean views and each featuring the privacy of home combined with the elegant services of the finest of hotels: world-class cuisine, breakfast in bed, private beach and cabana access, spa and fitness centers and all the exceptional touches that make Ocean House living an unparalleled experience.

Nightly rates at Ocean House are from $450 depending on the season. For additional information on Ocean House, please visit www.oceanhouseri.com or call (401) 315-5599.

Press Contact:
Rebecca Widness
Widness & Company Public Relations
T: 646-375-2239

###

For the original version on PRWeb visit: http://www.prweb.com/releases/2009/06/prweb2578044.htm

USGBC Certifies 11 More PNC Bank Green Branch® Locations; Brings PNC’s Industry-Leading Total To 66 Buildings

The U.S. Green Building Council (USGBC) has certified 11 more Green Branch® locations of PNC Bank based on environmentally friendly construction and design, increasing its industry-leading total to 66.

Washington, DC (PRWEB) June 29, 2009 — The U.S. Green Building Council (USGBC) has certified 11 more Green Branch® locations of PNC Bank based on environmentally friendly construction and design, increasing its industry-leading total to 66. PNC has built more certified green buildings than any company on Earth.

PNC (NYSE: PNC), whose leadership in Green construction was recognized by the U.S. Patent & Trademark Office when it was granted a registered trademark for the term "Green Branch" in 2007, began its aggressive building program in 2000 with the construction of PNC Firstside Center, the first building certified under LEED® 2.0 in October 2000.

Based in Washington, D.C., the USGBC is the nation’s leading coalition of corporations, builders, federal and local agencies working together to promote buildings that are environmentally responsible and healthy places to live and work. The USGBC awards certification based for construction and design.

Starting in 2002, PNC is the first major U.S. bank to design and construct branches based on green building standards.

Features of PNC’s Green Branch® locations include:

- Recycling: more than 50 percent of the branch is locally manufactured or made from recycled or green materials.

- Energy & Water Efficiency: energy usage is reduced 34 percent or more compared to a traditional branch; Water usage is reduced by 4,000 gallons a year.

- Pollution Control: construction waste is recycled or salvaged and the cooling system is designed to protect the ozone.

The newly certified Green Branch® locations are in five states, as follows:

- Delaware – Fenwick Island (Bayside)
- Maryland – Germantown; LaPlata (Hawthorne Road) and Waldorf (Berry Road)
- New Jersey – Emerson; Hackettstown and Montvale
- Pennsylvania – Wexford (Pine Township)
- Virginia – Dumfries (Lake Montclair); Fairfax (Fair Lakes) and Woodbridge (Hoadley Road).

In addition, PNC has two major buildings that are certified: The 650,000 square foot Firstside Center in Pittsburgh and the PNC Global Investment Servicing Headquarters in Wilmington, Del., Delaware’s first LEED® certified green building.

PNC currently has 11 more branches either soon to be submitted or in process of being certified, with six Green Branch® locations under construction with the goal of opening by the end of 2009.

Two more major green buildings are near completion: Three PNC Plaza in Pittsburgh, which is expected to be the largest mixed use green building in the world when completed in late 2009 and will have numerous LEED certifications, and 800 17th Street PNC Place, regional headquarters for PNC in Washington, D.C., which is scheduled to open in 2010, and is planned to be certified as LEED® Platinum.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.

###

For the original version on PRWeb visit: http://www.prweb.com/releases/2009/06/prweb2582224.htm

Walton Completes Land Sales for Roseburgh Phase 1

Roseburgh is 86th land syndication completed by Walton in Ontario

Calgary (PRWEB) June 29, 2009 — Walton International Group Inc. announced today the successful completion of land sales in Walton’s Roseburgh Phase 1 project.

On April 28, 2009, Walton completed the sale of undivided interests in land located in Brant County in Ontario, Canada, known as Roseburgh Phase 1, to 186 purchasers, for an aggregate purchase price of $5,470,000 CAD.

Roseburgh Phase 1 is strategically located in Brant County, approximately 4 km northwest of the city of Brantford, Ontario. The property is situated approximately 3 km north of Ontario Provincial Highway 403 and 16 km west of Highway 401. These highways connect to the NAFTA Super Highway, a major north-south international trade route.

Walton has been researching and participating in North American real estate investment markets for thirty years, and identifying strategic land in Ontario for over 8 years. To date, Walton and its affiliates have completed the syndication of 86 land projects in Ontario, encompassing a total of approximately 11,400 acres of land.

So far in 2009, Walton has announced the completed syndication of eight projects in Texas, Arizona, Georgia and Ontario. This Roseburgh Phase 1 project closing follows announcements of completed land syndications for the Ottawa Region Limited Partnership, Camino Real Phase 1, Walton AZ Toltec LP/LLC, Phoenix Sawtooth View 1, Walton Bluff Springs Land, LP, Walton AZ Silver Reef LP 3, and Walton GA Arcade Meadows LP 1 projects.

About Walton: Walton International Group Inc. and the other members of the Walton group of companies constitute one of North America’s leading land-based real estate investment groups. Over the past 30 years, Walton firms have acquired more than 49,600 acres of quality land strategically located in the development path of some of North America’s leading urban growth areas. Walton companies are innovative leaders in the research, selection, acquisition, syndication, planning, development management and sale of land, having to date syndicated over USD $1.8 billion of land (CAD $2.1 billion) in Alberta, Ontario, Arizona, Texas and Georgia with over 54,700 investors and clients

For more information, please visit www.waltoninternational.com

# # #

For the original version on PRWeb visit: http://www.prweb.com/releases/2009/06/prweb2583314.htm

Flooring Supplies Report ‘Unreal Response’ to Real Wood Flooring Offer

If you thought real wood flooring was out of your league, then think again. As household budgets remain squeezed, the UK’s leading online flooring supplier has seen sales increase in certain sectors by over 50% after introducing a quality real wood flooring range for only £17.85 m2.

Theftord, Norfolk (PRWEB) June 29, 2009 — ‘We may be in the middle of a recession, but provide value for money and the people will keep coming’. That’s the view of Adrian Lee, Managing Director of Flooring Supplies.

And that is exactly what they have done by launching their Natura plank oak flooring range for just £17.85 m2 +vat. The range comes in three finishes; Oak Boston (lacquered satin finish), Albany (lacquered matt finish) and Madison (oiled finish). Reaction since its release earlier this month has been extremely positive with the Natura range outselling many other laminate and real wood ranges.

‘This is not the first time we have traded through a downturn, the company has been trading for 25 years now, 10 of them on-line, so we have seen these conditions before and have come to know what home improvers are looking for’ continues Mr Lee. ‘While others are trying to tempt the market by lowering the prices of already cheap ranges, we have taken a quality range and made it affordable to more pockets.’

Flooring Supplies pride themselves on their customer and delivery service, for which they have won many awards down the years. They also offer a Price Promise on all ranges to reassure customers that they won’t be able to source the same products at lower prices, anywhere in the UK.

At a time when some high profile on-line competitors have been lost from the market, Flooring Supplies do provide some much-needed peace of mind to customers.

- Natura Oak Boston Plank -

A natural grade oak plank with a satin lacquer finish. Oak plank floors are very popular and at this price is likely to sell very well. An advantage of this plank floor is the width, it is ideally suited for use in narrow hallways as well as larger areas, in fact you could fit it throughout the whole house.

- Natura Oak Albany Plank -

Quite often selected but not limited to modern themed rooms, a matt lacquer floor such as Oak Albany offers a hardwearing protective lacquer with very little reflection, similar to an oiled finish. This natural grade plank is a stylish option for those that like to set a trend.

- Natura Oak Madison Plank -

Oak Madison is a natural grade board, with an oiled finish, but dont let that put you off. An oiled floor only needs a wipe over with fresh oil once a year, and even then it is down to personal preference, you might prefer the worn in look that gives an oak floor that unique characteristic.

For further details about Flooring Supplies, call FREE on 0800 592739

- Amtico flooring at competitive prices
- Follow us on Twitter for offers and deals

FlooringSupplies.co.uk has traded for over 25 years, supplying the trade, builders and architects as well as domestic end-users. In fact, the client base covers anyone requiring flooring materials at the right price, supported by a personal, reliable service.

###

For the original version on PRWeb visit: http://www.prweb.com/releases/flooring/supplies/prweb2578094.htm

Etched Glass Block Turn a Window, Wall or Sign into a Work of Art

Who says a work of art cannot serve a dual purpose as a window, wall or even a sign. Using a seal beamed laser process glass blocks can now be custom etched with virtually any image to create a work of art in one block or over an entire grouping of blocks. With a building owner’s or homeowner’s custom image, or one of over 25 standard images, clear or colored glass blocks can now become the focal point of any room or exterior. This process can also be applied to glass block vases and banks for to make a personalized glass gift.

Columbus, Ohio (PRWEB) June 29, 2009 — A key in design today is being distinctive while staying within a budget. Creating a one of kind window, wall, or directional sign can now be achieved without breaking the bank. Using a computer controlled sealed beam laser etching equipment it is now possible to put unique images and patterns into a glass block at a cost effective price.

Columbus Glass Block is introducing a glass etching service for individual glass blocks, a grouping of blocks into a mural, or even personalized glass block gifts. Using a carbon dioxide laser beam this service is capable of up to 600 dots per inch of resolution allowing images of people, pets, hobbies, sports, or architectural patterns into the blocks surface. The beam is controlled to a .001" diameter (which is 100 times smaller than the period at the end of a sentence) which provides sharper detailing than engraving or sandblasting glass.

Mike Foti, President of Columbus Glass Block says, "This new service will allow us to revolutionize the use of glass blocks. With the ability to create customization, or use standard patterns, without a minimum order quantity we can create really cool windows, walls, showers or gifts with glass blocks. Right now we’re even working with an architect and interior designer on a project where they are looking to combine the etched glass with colored glass block in a storefront for a day care center. The design possibilities are endless."

The etched glass can be used as a structure for a glass block wall, glass block window or a glass block shower. The window products can be prefabricated with or without vinyl frames for easy installation. The walls can be pre-made with vinyl stack spacers and anchored and stacked for showers, partitions, or directional signs and company logos in lobbies. Color glass blocks can mixed in for more style and interest. The blocks are put together with mortar or a glass block silicone sealant. There are ends, corners, and angle blocks to create shaped walls and finished edges. The etched blocks can be used for outside or inside applications.

This process can also be used is to create personalized glass gifts. Using a glass block vase, bank or pre-drilled glass block light images and text can be etched for awards, holidays, momentous, weddings, anniversaries, or baby shower gifts. A wedding favor can be created with a glass block vase with the image of the couple getting married and the wedding date. An award can be customized with the logo of the organization and the recipient’s name, or a keepsake for a special friend or relative.

For additional assistance with designing or ordering etched glass blocks for a project or gift contact Mike Foti or visit:

etched glass block for a window, wall, shower or personalized gift

About Columbus Glass Block & Mike Foti:
Columbus Glass Block is a nationwide supplier and installer of glass block showers, windows, walls and colored and custom etched glass blocks. Mike Foti, President, has written over 25 articles on glass blocks and is available via phone at 216-310-1074 or email for interviews.

Contact:
Mike Foti, President
Columbus Glass Block
216-310-1074 (cell)
877-668-5888 (nationwide)
614-252-5888 (Columbus office)

# # #

For the original version on PRWeb visit: http://www.prweb.com/releases/2009/06/prweb2585404.htm

"There has been a Miracle on the Coast of the Gods!" – VFI Overseas Property Release Their New 5 Star Beach Front Development – La Torretta Beach Club

In the Mists of Time the Gods Chose this Idyllic Stretch of Coast in Calabria in Southern Italy as the Perfect Hideaway for their Children — For Centuries Calabria Stayed a Well Kept Secret — Until VFI Overseas Property Came Along. The exclusive gated community of La Torretta Beach Club, just 165m from a perfect white beach washed by the heavenly turquoise waters of the Tyrrhenian Sea, has been carefully designed to reflect the rustic charm of Southern Italy.

Calabria, Italy (PRWEB) June 29, 2009 — The low level homes combine cool, restful interiors with stylish, top quality fittings. The seven larger town houses offer three bedroom, two bathroom accommodation and the one bedroom, one bathroom apartments have a spacious quality. Every apartment enjoys stunning views out over the Coast of the Gods, with the larger town houses positioned carefully to take full advantage of the colourful, landscaped grounds and the resort’s facilities.

All are clustered round the stylish La Torretta Beach Club Sky Bar and Restaurant complex, the ideal place to eat and drink looking out over one of the most beautiful views in the Mediterranean. There is also a luxurious spa with a sauna and beauty salon.

La Torretta Beach Club is close to the buzzing town of Tropea, Italy’s answer to St Tropez. There are restaurants and bars to enjoy along the charming narrow streets and a brand new marina which is a centre for a wide range of activities, from sailing to windsurfing and boat trips to the magical Aeolian Islands.

Calabria is Europe’s fastest growing property hot spot and La Torretta Beach Club is an up and coming area within this region. It offers a great deal to both investors and to clients looking for a heavenly lifestyle.

Just over two years ago Antonio Verlado, whose family has a long and distinguished history in the construction industry, launched VFI Overseas Property. The company has gone from strength to strength with a turnover in 2008 of E300m, boasting a network of over 400 registered agents worldwide. The company is the largest developer in Southern Italy and is attracting considerable investor interest.

Customer confidence is vital to the company and each VFI property is secured and verified by a firm of Italian lawyers, there is a due diligence report and planning permission paperwork is also available. Each building is covered by an insurance bond, adding to the financial security clients can trust in.

Award winning VFI Overseas Property, which scooped the 2009 Overseas Luxury Living Lifestyle Award for the most luxurious developments in Southern Italy, is keen to share the secret of the Coast of the Gods and La Torretta Beach Club. This aquatic paradise is magical and once seen it is impossible not to fall under its spell.

###

For the original version on PRWeb visit: http://www.prweb.com/releases/2009/06/prweb2582144.htm

"Teutonia will be Treated With Respect," Developer Asserts MetroPartners Completes Purchase of Downtown Yonkers Building and Commits to Working Closely With LPB

Teutonia Hall on Buena Vista Avenue in Yonkers has been purchased by MetroPartners, the developers responsible for completing the revitalization of the Trolley Barn on Main Street. Planning and investigation have begun, and the developer has committed to keeping the Landmark Preservation Board (LPB) fully informed and consulted every step of the way.

Yonkers, NY (Vocus) — Teutonia Hall on Buena Vista Avenue in Yonkers has been purchased by MetroPartners, the developers responsible for completing the revitalization of the Trolley Barn on Main Street. Planning and investigation have begun, and the developer has committed to keeping the Landmark Preservation Board (LPB) fully informed and consulted every step of the way.

MetroPartners is assembling a team of architects, planners, engineers, and cultural resource consultants who will develop over the next six months a proposed site plan that takes into account a wide range of factors.

MetroPartners spokesman, Kenneth Dearden asserts, "We have committed to helping the waterfront area become a vibrant and thriving community hub. We look forward to developing a plan that meets the needs of the many people who live and work in the area, while respecting its past, and caring about its future."

According to MetroPartners, the contemplated project will consist of a phase II expansion to Metro92 along Buena Vista Avenue. The project includes two significant buildings known as "Teutonia Hall" and "Trolley Barn."

MetroPartners is a Yonkers-based developer who in recent years completed 66Main and the restoration of the Trolley Barn both located on Main Street in downtown Yonkers. Their focus is building and managing community-friendly properties in urban areas. For more information, call 914-410-9090 or go to www.metropartnership.com

Contact:
Marijane Funess
914.969.2900

###

For the original version on PRWeb visit: http://www.prweb.com/releases/2009/06/prweb2577964.htm