Warburton Garage, Yonkers, New York

Warburton Garage

Name:  Warburton Garage

Location: Yonkers, New York

Business Description:
The Warburton Garage is one part of a continuing revitalization effort to attract residential and small business investment in downtown Yonkers. The 300 space garage serves area small businesses as well as tenants of the adjacent iPark commercial, industrial and research and visitors to the Yonkers Public Library. A critical component of this comprehensive redevelopment initiative will be a new small business incubator and complementary $2 million loan fund.

Solomon Hess’s participation in Loan:
$14,000,000

Reason for Solomon Hess Investment:
The facility is located in a low income community.