GDC Breaks Ground on The Lofts on Saw Mill River

Pictured from left to right are Hastings Mayor Peter Swiderski, GDC Principal Martin Ginsburg and Westchester County Executive Rob Astorino

Pictured from left to right are Hastings Mayor Peter Swiderski, GDC Principal Martin Ginsburg and Westchester County Executive Rob Astorino.


HASTINGS-ON-HUDON, NY (May 7, 2015) – Building upon the recent launch of its new GDC Rentals brand of luxury apartment living, Ginsburg Development Companies (GDC) today began construction of The Lofts on Saw Mill River, a $34.9 million development in the Village of Hastings-on-Hudson.

Located on a 7.45-acre site on Saw Mill River Road (Route 9A), The Lofts will feature 66 loft-style rental apartments in three buildings. Two 3-story buildings will each include 27 units and one 2-story building will include 12 affordable workforce housing units. The 12 affordable units will count towards the affordable units mandated by the County’s affordable housing settlement with the federal government.

Monthly rentals for the market rate apartments will range from $2,900 for a large one-bedroom unit (950 SF) to $5,000 for the largest 3-bedroom unit (1,656 SF). The affordable units will range from $874 for a studio to $1,484 for a three-bedroom unit. Of the 12 affordable units, three will be available for households earning up to 50 percent area median income (AMI) and nine for households up to 60 percent AMI. First residential occupancy is expected in summer 2016.

As part of the project, GDC has dedicated 1.8 acres of “Great Lawn” to the Village and will create for the public a 10-space parking lot and pedestrian bridge to the South County Trailway, which runs by the property. The site is a former industrial parking lot that GDC has owned since 2005.

Speaking today at a groundbreaking ceremony attended by County and Village officials, Martin Ginsburg, Principal of Ginsburg Development Companies, said, “The Lofts on Saw Mill River will bring unique contemporary loft-style rental apartments to Westchester County as well as affordable workforce housing.” He added, “We are also pleased to dedicate open space to the Village with public access to the South County Trailway. As with all GDC developments, enhancing the neighborhoods where we build is an important component of our company mission.”

“Westchester County is delighted to have provided Ginsburg Development Companies with incentives and financial support to make this exciting new development, which will create high quality rental apartments and construction jobs, a reality,” said Westchester County Executive Robert P. Astorino.

“The Village is very excited about The Lofts on Saw Mill River because it represents the opportunity for high quality rental apartments plus the 12 units of much-needed affordable housing. Ginsburg Development Companies has a reputation for building outstanding developments and we’re confident that they will deliver on these new rental apartments as well as the affordable units,” said Hastings-on-Hudson Village Mayor Peter Swiderski.

The Lofts is GDC’s fourth new luxury rental development to recently break ground that offers contemporary design and condo-quality finishes. Last year, GDC began construction of Harbor Square, a 188-unit luxury rental development on the Ossining waterfront, and River Tides at Greystone, a 330-unit luxury rental complex overlooking the Hudson in Yonkers. In Rockland, GDC will open next month Riverside at Harbors-at-Haverstraw, a 106-unit luxury rental building on the Hudson River.

Click links below for coverage of The Lofts on Saw Mill River Groundbreaking:

The Journal News/LoHud

New York YIMBY

Rivertowns Daily Voice

GDC Brings Smoke-Free Apartments to All New Luxury Rentals in Hudson Valley

VALHALLA, NY (April 28, 2015) – Ginsburg Development Companies (GDC), one of the largest residential developers in the Hudson Valley, is implementing a policy of smoke-free apartments in all of its new rental complexes.

The new smoke-free policy applies to almost 700 luxury rental units coming on line in Yonkers, Ossining, Hastings-on-Hudson and Haverstraw. Residents and their guests will be prohibited from smoking in their apartments, the common areas and even outdoor areas such as pools, cabanas and other property amenities.

“This is an idea whose time has come,” said Martin Ginsburg, Founder and Principal of Valhalla-based GDC. “People, especially young adults, are more health-conscious and more sensitive to secondhand smoke than ever before. We’ve had residents complain about smoke drifting in from their neighboring apartments. Even one or two people smoking in a building can make a lot of other residents uncomfortable.”

Ginsburg’s move was applauded by Maureen Kenney, Director of POW’R Against Tobacco, an organization that works to reduce tobacco use in Putnam, Orange, Westchester and Rockland counties.

“Everyone deserves to breathe fresh air,” Kenney said. “As consumers are becoming more aware of the dangers of secondhand smoke, the demand for smoke-free housing options has steadily trended upward over the past decade.”

She cited a study showing that 60 percent of the air in an apartment building comes from surrounding units – a sobering fact in light of a 2014 report from the U.S. Surgeon General which concluded that there is no safe level of exposure to secondhand smoke. Secondhand smoke increases risk of heart disease, cancer and strokes in adults. Children and infants exposed to secondhand smoke are more susceptible to respiratory problems, middle ear disease and Sudden Infant Death Syndrome, according to the Surgeon General.

“We hope that many developers across New York State and across the country will follow Martin Ginsburg’s lead,” Kenney said. “This is a policy decision that will no doubt improve the health and quality of living of his tenants.”

Read the Journal News/LoHud coverage of this story HERE.