Mayor Spano, L+M Development Partners Inc. and Yonkers IDA Break Ground on Warburton Lofts Development

Yonkers, NY – March 12, 2012 – (RealEstateRama) — Mayor Mike Spano, L+M Development Partners Inc. (L+M) and the Yonkers Industrial Development Agency (IDA) symbolically broke ground today marking the start of construction on Warburton Lofts, a historic restoration of loft-style rental apartments and retail space located at 44-50 and 54 Warburton Avenue (aka 6-8 Wells Avenue) across from Philipse Manor Hall. The $10 million mixed-use project is the latest in a series of developments that is bringing new economic investment to downtown Yonkers, improving the quality of the city’s housing stock for all income levels and continuing the downtown’s renaissance.