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News - Ginsburg Development Companies

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 Celebrates Grand Opening of River Tides at Greystone, a New Luxury Rental Building Featuring Resort-Class Amenities and Spectacular River Views

$100 Million Development in Yonkers is GDC’s Third Major Luxury Rental to Open in Westchester in Less Than a Year

YONKERS, NY (May 16, 2017) – Continuing the momentum as the region’s leading developer of resort-style luxury rentals, Ginsburg Development Companies (GDC) today joined with Yonkers Mayor Mike Spano along with other City, County and State officials to celebrate the grand opening of River Tides at Greystone. The new 330-unit luxury rental building features resort-class amenities and spectacular views of the Hudson River and Palisades. The $100 million project is GDC’s third major luxury rental development to open in Westchester in less than a year.

“When we broke ground for River Tides at Greystone nearly three years ago, it marked the launch of our new GDC Rentals brand of luxury rental apartment buildings. Since then we have opened luxury rentals in Ossining, Hastings-on-Hudson, Haverstraw and now Yonkers as well as acquired a rental property in downtown White Plains for a total of 814 rental units. And there’s more on the way. This fall, we will be opening a new 55-unit luxury rental apartment building located just up the road in the Greystone neighborhood called [email protected],” said Martin Ginsburg, Principal of GDC.

“As with our other recently completed rental communities, River Tides at Greystone sets a new standard of excellence with high quality design, finishes and amenities unlike anything seen before in today’s luxury rental market. Every day residents will feel like they are coming home to vacation” he added.

“River Tides is the new definition of luxury living in Yonkers,” said Yonkers Mayor Mike Spano. “Developments like this are popping up on our waterfront — providing the convenience of public transportation, along with the tranquility and beauty of living along the Hudson River. Thank you to Ginsburg Development Companies for their commitment and vision to help make Yonkers a better place to live, work and play.”

“The opening of the River Tides at Greystone is great news as Westchester continues to develop as an accessible place to live,” said Westchester County Executive Robert P. Astorino. “Located just a 32-minute train ride to Manhattan, the River Tides at Greystone makes Westchester even more attractive as a place where residents can live, work and play.”

Located in a quiet residential neighborhood on Warburton Avenue near the Hastings-on-Hudson city line, River Tides at Greystone features a mix of studio, 1-bedroom, 2-bedroom and 3-bedroom units, many with spectacular river views. The apartments feature stainless steel appliances, Euro-style cabinetry, stone countertops, bay windows and terraces. Monthly rents start from $1,925 for a studio, $2,425 for a one bedroom, $2995 for a two bedroom and go up to $6,000 for a corner penthouse apartment.

Luxury amenities at Rivers Tides at Greystone include 24 hour front desk concierge service, elegant two-story lobby, club lounge; fitness center with available personal trainers and yoga classes, a unique and inspiring spa center with licensed massage therapists; and a spectacular resort-style swimming pool and deck with cabana seating, an indoor “café” with a demonstration kitchen and an all weather barbeque shelter with seven barbeque stations, a kiddie playground and outdoor firepit lounge. As a transit oriented development, River Tides at Greystone has a direct walkway to the Greystone Metro-North platform, which is just a 30-minute commute to Grand Central.

River Tides at Greystone is the latest GDC luxury rental development to open in Westchester. The company’s other developments include 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,building in downtown White Plains.

GDC will soon break ground on Fort Hill, a mixed-use development in Peekskill that will feature the Abbey Inn and Restaurant, as well as a spa, luxury rentals apartments and the Gateway Townhomes. The project is located on the former St. Mary’s Convent property overlooking the Hudson River and will have direct access to over 60 acres of woodland trails.

For more information about River Tides at Greystone and other GDCRentals, please visit www.gdcrentals.com.

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.