Fund shows its faith in city restaurant.Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). Financial, through its Palisades Regional Investment Fund (PRIF PRIF Peace Research Institute Frankfurt (Germany) ), has provided a $5 million construction loan for the ground up construction of a six-story plus penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. , mixed-use apartment building. Located at 180 Hester Street in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the proceeds of this financing will be used to complete the construction of this apartment building with a two-story restaurant. The property will be an expansion of Caffe Napoli, located across the street from its world-renowned restaurant of 25 years. "Palisades Financial believed in our business and our vision to create an expansion of our restaurant, that we have rented the space for over a quarter of a century. "We can now own our building and our business," commented Anthony Fontana, a principal in the borrowing entity. |
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