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GDC Unveils Plans for Luxury Rental Building Overlooking Hudson in Greystone Neighborhood

From left, Yonkers Councilman Michael Sabatino; Yonkers Planning Commissioner Wilson Kimball; Yonkers Deputy Mayor Steve Levy; GCD Principal Martin Ginsburg; State Senator Andrea Stewart-Cousins, and Irene Ginsburg

55-Unit Building One Block from GDC’s River Tides Project is Company’s Sixth Luxury Rental Project in Hudson Valley

YONKERS, NY (July 21, 2015) – The Ginsburg Development Companies (GDC) unveiled a plan today for a 55-unit luxury apartment building in the Greystone neighborhood of Yonkers as the latest project in its GDC Rentals brand.

The three-story building at 1175-1183 Warburton Avenue would be built one block north of River Tides at Greystone, GDC’s much larger, 330-unit complex that is under construction.

Apartments in the new building would boast 10-foot ceiling heights, oversized windows, wood laminate flooring, contemporary kitchen and bath designs and indoor garage parking. A deck over the parking would become a landscaped courtyard.

Residents would have their own gym and club room in the building, and would also be able to use the full amenities of River Tides, including the fitness center, spa, pool and sundeck – as well as a private path to the Greystone Metro-North Train Station.

The four-parcel site was the location of a planned residential development by a previous owner that failed during the real estate crash of 2008. GDC expects to break ground in spring 2016 with construction on the building expected to take approximately one year.

“We are making a major investment in the Greystone neighborhood of Yonkers with River Tides,” said GDC Principal Martin Ginsburg, whose firm presented the latest plans to the Yonkers Zoning Board of Appeals on July 21. The proposal is compliant with the site’s zoning in terms of building height, density, unit count and parking requirements. GDC is seeking some minor area variances to accommodate bay windows and balconies and a site coverage variance to allow for the landscaped deck and courtyard. “We believe that this blighted assemblage of four deteriorating homes was hurting the value of the neighborhood. So we are excited to propose this project to add an attractive, highly desirable building that will enhance the entire neighborhood.”

The 1177 Warburton Avenue project is the sixth luxury rental project under construction or in development by GDC in the Hudson Valley corridor. Like most of the other projects, 1177 Warburton Avenue would feature spectacular Hudson River views and easy access to mass transit for commuters to New York City.

Altogether, GDC Rentals projects are adding almost 900 luxury apartments and townhomes to the region, half of them in Yonkers.

Last month, the company celebrated the grand opening of the 106-unit Riverside at Harbors-at-Haverstraw. Also last month GDC announced plans to build 178 apartments and 20 townhomes in a Peekskill project that would also transform the former St. Mary’s Convent into a tourist destination with a spa, inn and restaurant.

Last year, GDC began construction of Harbor Square, a 188-unit luxury rental development on the Ossining waterfront, and the River Tides at Greystone. Both will be ready for occupancy in 2016. Last month in Hastings-on-Hudson, GDC broke ground on The Lofts on Saw Mill River, which will feature 66 loft-style rental apartments in three buildings.

GDC and Ossining Celebrate Raising of Monumental Sculpture at Harbor Square

From left, GDC Principal Martin Ginsburg; Ossining Village Mayor Victoria Gearity, State Assemblywoman Sandy Galef and sculptor Peter Lundberg

42-Foot Tall Sculpture by Renowned Sculptor Peter Lundberg to be Featured at New Waterfront Park Being Built by GDC at Harbor Square

OSSINING, NY (June 22, 2015) – Ginsburg Development Companies (GDC) and Ossining Village officials met today to raise a monumental sculpture that was molded in the earth at the new public waterfront park and promenade being built at GDC’s Harbor Square luxury rental complex in Ossining.

The towering 42-foot tall, 80-ton sculpture, which was commissioned by Harbor Square developer Martin Ginsburg, is the creation of internationally known sculptor Peter Lundberg, whose work is in collections around the world.

The sculpture was made by framing trenches dug on the site with stainless steel and pouring concrete into the trench. It will face the Hudson River and serve as the centerpiece for the new waterfront park and promenade that GDC is building as part of the Harbor Square complex. The park will also include a children’s playground and new riverfront restaurant which is currently under construction. Dedication of the new park and promenade is scheduled for September at which time a second monumental sculpture from a sculptor in Portugal is expected to be installed at the park.

“We are delighted to have this magnificent sculpture by renowned sculptor Peter Lundberg as the showpiece of the beautiful public waterfront park and promenade we are building at Harbor Square. Art is a very important part of our daily lives and we are proud to incorporate it into the public spaces of our residential communities,” said Mr. Ginsburg.

Mr. Ginsburg has a passion for public art at his residential communities. Just across the Hudson River from Harbor Square, Lundberg sculptures are featured at GDC’s Harbors at Haverstraw development. In June, GDC will be finishing the Sculpture Trail & Promenade at Harbors which will include another large monumental sculpture. It will be the fourth major sculpture on the 1.5-mile long public promenade at the Harbors waterfront in Haverstraw.

Mr. Ginsburg, whose company has been building homes in the Hudson Valley for more than 50 years, has a vision of creating sculpture trails along other rivertown waterfronts from New York City to Albany and combining with Dia Art Foundation in Beacon and Storm King Art Center in New Windsor to create the largest outdoor museum in the world. “What better place to showcase world-class sculpture than along one of the world’s greatest and most beautiful rivers,” said Mr. Ginsburg.

“I am delighted to continue to work with Martin Ginsburg to create significant pieces of public art along the Hudson River. The experience of creating this piece was made all the more special by staying in the Village of Ossining and getting to know the people of Ossining during its fabrication. I hope all area residents, especially the children, will come and enjoy this new waterfront park and this new beacon on the river that we raise today,” said Mr. Lundberg.

Mr. Lundberg’s sculptures are in collections in eight U.S. states and five countries including Australia, China, Germany, Norway and Sweden). Locally, his work can also be seen at the Storm King Art Center and at the entrance of the George Washington Bridge off the Henry Hudson Parkway.

Meanwhile, construction is moving ahead at Harbor Square, a $65 million luxury rental complex featuring 188 luxury rental apartments. Located across from the Ossining Metro North station, Harbor Square will have a mix of studios and 1-, 2- and 3-bedroom apartments, many with balconies with breathtaking views of the Hudson River. Resort-style amenities will 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. Occupancy at Harbor Square is scheduled for spring 2016.

Harbor Square is the latest resort-style luxury rental community under development by GDC in the Hudson Valley. Last fall, GDC broke ground on River Tides at Greystone, a 330-unit luxury rental complex in Yonkers. GDC began construction in May on The Lofts on Saw Mill River in Hastings-on-Hudson, and this month in Rockland County GDC opened the leasing center for Riverside, a 106-unit luxury apartment residence at the Harbors-at-Haverstraw community.

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.