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GDC Breaks Ground on $64.5 Million Project to Transform Former Convent Site in Peekskill into Tourist Destination with Luxury Rentals, Townhomes, Inn, Spa, Restaurant and Parkland

Fort Hill Apartments at the Abbey Inn is GDC’s Latest Resort-Style Luxury Rental Project in the Hudson Valley

PEEKSKILL, NY (June 2017) – Ginsburg Development Companies, the Hudson Valley region’s leading developer of resort-style luxury rentals, today joined with Peekskill and Westchester County officials on June 13 to break ground on a $64.5 million mixed-use project that will transform the former St. Mary’s convent property into a resort-style tourist destination featuring luxury rentals apartments as well as a spa, inn and restaurant.

Called Fort Hill Apartments at the Abbey Inn, the project will feature 178 luxury one-, two- and three-bedroom rental apartments in three 5-story buildings arranged in a quad around a wooded knoll. Located on the newly dedicated Fort Hill Road at John Street, the new buildings would complement the existing stone-and-brick structures, which were designed by prominent architects of the 1800s. Amenities will include a fitness center, club room and outdoor pool. Some of the apartments will have Hudson River views.

The development will also include the Abbey Inn, a 42-room hotel with restaurant and spa located in the former St. Mary’s Convent building. The restaurant will feature outdoor dining with Hudson River views. The Chapel will become a special place for gatherings and events. Leasing is expected to begin in the spring of 2018.

The development will be enhanced by GDC’s donation of 52 acres to expand the historic Fort Hill Park which will feature a variety of existing and new hiking trails. The public park will include new features including an observation deck with breathtaking views of the Hudson River.

“Fort Hill will become an important tourist destination in the Hudson Valley, attracting people from New York City and throughout the tri-state region,” said Martin Ginsburg, Founder and Principal of GDC. “Fort Hill Apartments at the Abbey Inn will offer a unique residential experience fully integrated into a destination inn and spa resort. Peekskill is being discovered as a unique historical rivertown with an influx of restaurants and art centric venues. Fort Hill and the Abbey will add an exclamation point, ” he added.

Ginsburg noted that development of Fort Hill will include preserving existing historical architecture on the site while combining it with new architecture and hiking trails as well as a first-class restaurant. “This is a very exciting project for our company. We are creating something very special and unique to this market. We anticipate the same strong demand that we have experienced at our Harbor Square development in Ossining, which is now over 90% leased” he said.

“The City of Peekskill has been working diligently with Martin Ginsburg and GDC for quite some time to develop a first rate, high quality complex on Fort Hill. The City is thrilled that this project is coming to fruition in 2017, and we are confident that it will highlight Peekskill as the premier ‘go-to’ destination in the Hudson Valley,” said Peekskill Mayor Frank Catalina.

“Congratulations Ginsburg Development Companies on the start of another great property here in Westchester,” said Westchester County Executive Robert P. Astorino. “The Fort Hill Apartments at the Abbey Inn will not only attract more visitors, but the region’s best and brightest to call Westchester home.”

GDC has emerged as the most active residential developer of luxury rentals in the region north of New York City. In the past 12 months, GDC has opened four major luxury rental projects in Westchester County – 330-unit River Tides at Greystone in Yonkers; 188-unit Harbor Square on the Ossining waterfront; 66-unit The Lofts on Saw Mill River in Hastings-on-Hudson, and The Metro, a 124-unit rental building in downtown White Plains. GDC is completing construction of [email protected], a new 55-unit luxury rental apartment building located in the Greystone neighborhood of Yonkers. GDC is also the developer of the Riverside at Harbors-at-Haverstraw, a 106-unit luxury rental building in Rockland County that opened two years ago.

GDC Celebrates the Grand Opening of 3 Westerly Bar & Grill, a New Waterfront Restaurant at Harbor Square in Ossining

OSSINING, NY (June 1, 2017) – Ginsburg Development Companies (GDC) today joined with County and Village officials to celebrate the grand opening of 3 Westerly Bar & Grill, a new nautical-themed restaurant located at the Harbor Square luxury rental complex on the Ossining waterfront.

“Today’s grand opening of 3 Westerly Bar & Grill represents the final stage of our Harbor Square development which has transformed a former industrial site into a thriving mixed-use residential community with a public park and riverfront promenade. With the addition of this exciting new restaurant, people can enjoy first-class cuisine while experiencing the timeless beauty of the Hudson River,” said GDC Founder and Principal Martin Ginsburg.

“Surrounded by a beautiful park, right at the Metro North station, and with the world’s most glorious sunsets — 3 Westerly has picked a winning location! We are thrilled to welcome this new business to the Ossining waterfront,” said Victoria Gearity, Mayor of the Village of Ossining.

“Westchester County and its Industrial Development Agency are proud to have partnered with Ginsburg Development Companies on the Harbor Square project,” said Westchester County Executive Robert P. Astorino. “Now complete, Harbor Square’s innovative development is an attractive community for families, empty nesters and millennials alike, looking to move or stay right here in Westchester. Congratulations to Martin Ginsburg and the GDC team on this milestone.”

Housed within a distinctive free-standing lighthouse, 3 Westerly Bar & Grill features a variety of indoor/outdoor dining options all of which offer stunning panoramic views of the scenic Hudson River waterfront. Under the direction of award-winning Executive Chef Dmitri Petriakov, formerly the Executive Chef at B.L.T. Prime in New York City, 3 Westerly Bar & Grill offers a wide array of dining options with a pronounced seafood emphasis.

A dramatic main dining area, which seats up to 100, houses exposed I-beam light pendants hanging over the main dining area, while the banquet seating is illuminated by the rugged elegance of steampunk lighting. The elegant main bar features a black granite bar surface and raised-booth seating with walls adorned with HD TVs, where up to 75 people can comfortably stop in to watch the big game or enjoy a quiet drink after work.

A full-service outdoor beer garden & sunset terrace, is capable of entertaining up to 125 guests, while the sunset terrace on the west side has lounge sofas with arm chairs and dining tables under an elaborate trellis ceiling design. The restaurant’s garden deck on the mezzanine level takes full advantage of the breathtaking Hudson River vista. There is also a private dining room lit by distinctive nautical rope chandeliers that seats up to 75 guests and is perfect for special events or meetings.

The 300-seat restaurant is operated by Jeremy Casilli, an innovative restaurateur whose other venues include TriBeCa’s AOA Bar and Grill, Pier 115 in Edgewater, N.J., and Soho and Tribeca Grand Hotels.

“After much anticipation, we are thrilled to bring this project to fruition and open our doors to the Ossining residents and the Westchester community. 3 Westerly Bar and Grill will be an iconic destination for people seeking a nautical indulgence. We have worked diligently to create a universal hub for all types of guests. We look forward to sharing our breathtaking views of the Hudson River while dining under our free standing light house structure,” said Casilli.

The grand opening of 3 Westerly Bar & Grill represents the completion of Harbor Square, a $65 million mixed-use luxury rental complex featuring 188 luxury rental apartments, a new public park with children’s playground, waterfront promenade with monumental sculptures and a dock that serves the NY Waterway Haverstraw-to-Ossining commuter ferry. Located across from the Ossining Metro North station, Harbor Square has a mix of studios and 1-, 2- and 3-bedroom apartments, many with balconies with breathtaking views of the Hudson River. Resort-style amenities include full service concierge, rooftop club lounge; rooftop pool and deck with cabana seating, BBQ stations and outdoor bar with TV; first-class spa and fitness center offering available personal trainers and spa treatments.

For further information about 3 Westerly Bar & Grill visit www.3westerly.com. For more information about Harbor Square and other GDC Rentals properties visit www.gdcrentals.com or call the Harbor Square Leasing Center at 914-945-0008

GDC is fully committed to Equal Housing Opportunity and we fully comply with the Federal Fair Housing Act. We do not discriminate against any person because of race, color, religion, sex, disability, familial status, or national origin. All applications are judged on the same standards; Income Verification, Rental History, Credit History and a Criminal Background Check, one person or family at a time, on a first come first serve basis.