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.

Ginsburg Breaks Ground on $100 Million River Tides at Greystone Luxury Rentals – Yonkers Project Marks Debut of New GDC Rentals Brand

YONKERS, NY (October 21, 2014) – Construction of one the largest residential developments to be built in Yonkers in recent years got underway today as City officials joined with executives of Ginsburg Development Companies (GDC) to break ground for River Tides at Greystone, a new $100 million, 330-unit luxury rental complex overlooking the Hudson River.

(Pictured from left to right are Yonkers City Council Minority Leader Michael Sabatino, Council Member Dennis Shepherd, City Council President Liam McLaughlin, Mayor Mike Spano, Developer Martin Ginsburg, New York State Assembly Member Shelley Mayer, Council Member Christopher Johnson, Majority Leader John Larkin and Council Member Mike Breen at the Groundbreaking Ceremony of GDC’s River Tides luxury rental development.)


Located just a short walk from the Greystone Metro-North station, River Tides at Greystone will set a new standard for luxury rental living in Westchester County offering Manhattan-style finishes and amenities as well as breathtaking views of the Hudson River and the Palisades.

The debut of River Tides at Greystone marks the launch of the Ginsburg’s new GDC Rentals brand of luxury rental apartment buildings. “Set against the backdrop of one of the most spectacular views in North America, we are extremely excited to break ground on River Tides, which will become a flagship property of the new GDC Rentals brand,” said Martin Ginsburg, Principal of GDC, which currently has riverfront luxury rental communities under way, Riverside in Haverstraw and Harbor Square in Ossining.

Designed in a stunning contemporary architecture with expansive exterior corner walls of glass, the 10-story River Tides at Greystone will feature a mix of studio, 1-bedroom, 2-bedroom and 3-bedroom units, many with direct views of the Hudson. Luxury amenities include full concierge service, elegant two-story lobby, elegant club lounge; fitness and wellness center with available personal trainers, yoga classes and spa treatments; and a spectacular resort-style swimming pool and deck with cabana seating, seven barbecue stations, playground and outdoor firepit lounge. The apartments will feature stainless steel appliances, Euro-style cabinetry, stone countertops, bay windows and terraces, many with river views.

Located in a quiet residential neighborhood near the picturesque Untermyer Park, River Tides at Greystone will have a direct walkway to the Greystone Metro-North station which is just a 30-minute commute to Grand Central.

“There are absolutely no residential rental buildings in Westchester to compare with what we are offering at River Tides at Greystone,” Mr. Ginsburg said. “We are taking luxury rentals to a new level of elegance and resort-style living. We anticipate a broad market for the apartments at River Tides, from singles and young couples who are not yet ready to purchase a home, to New York City rail commuters, to empty nesters who want a truly exciting residence where they can live in a resort-like environment all year long.” First residential occupancy is expected in Fall 2016.

GDC has owned the site in the Greystone section of Yonkers since the 1970’s, a neighborhood where the firm previously built more than 600 rental and condo units. “This is our prime site in the neighborhood. Until now all of the factors didn’t come together to develop it,” said Mr. Ginsburg.

“The City of Yonkers is delighted that Martin Ginsburg’s commitment to invest in our city has never wavered and today we welcome the beginning of River Tides, a project that will certainly establish Greystone as one of the premier apartment neighborhoods in Westchester,” said Yonkers Mayor Mike Spano. “We are particularly pleased that River Tides will have its own walkway to the Greystone Station of Metro-North Railroad, reflecting our commitment to Transit-Oriented-Development.”

River Tides at Greystone is receiving benefits from the Yonkers Industrial Development Agency that include $3.7 million in mortgage recording tax and sales tax exemptions. “The public-private partnership between GDC and our IDA demonstrates the willingness of our city to work with the private sector to stimulate investment in Yonkers,” said Mayor Spano, Yonkers IDA Chairman. “This property, which has been taxed as vacant land for decades, will now become an important addition to the city’s tax base.”

In addition to generating new tax revenue for Yonkers, River Tides at Greystone is expected to create more than 300 construction jobs over a period of two years.

Westchester-based GDC has been the leading builder of luxury townhome condominiums in the northern suburbs of New York City over the last several decades. River Tides at Greystone, along with the ongoing construction of Harbor Square in Ossining and Riverside in Haverstraw, represents a new company focus on building luxury rental apartments.


GDC Breaks Ground on Harbor Square in Ossining

Ossining, N.Y. (June 12, 2014) – Harbor Square, a $65 million mixed-use development by Ginsburg Development Companies (GDC), officially broke ground – marking the realization of a project that is a critical component of the Village of Ossining’s plan to revitalize both their Hudson River waterfront and downtown business district. Construction has commenced with pile drivers installing piles up to 150 feet deep for the foundation.


Pictured left to right is Ingrid Richards, Village of Ossining’s Manager of Downtown and Economic Development; Valerie Monastra, Village Planner; Lori Lee Dickson, Village Attorney; Victoria Gearity, Village Trustee; Richard Leins, Village Manager; Village of Ossining Mayor William R. Hanauer;Martin Ginsburg, Principal of Ginsburg Development Companies (GDC); Deputy County Executive KevinPlunkett; Nick Barbato, Cooper-Horowitz, Inc; Dan Mulvey, Executive VP of GDC; Joe Dziegelewski, Senoir VP of GDC; Adam Horowitz, Cooper-Horowitz, Inc; and Westchester IDA Director Jim Coleman


Members of the Village Board, Mayor William R. Hanauer, and developer Martin Ginsburg were joined by local and state officials to kick-off the construction of the Harbor Square project, which is expected to create more than 300 construction jobs over a period of two years. The project is comprised of a 188-unit full service luxury rental building offering market-leading amenities, a 5,000 square foot destination waterfront restaurant, and a new Hudson River waterfront park and promenade to be distinguished by several monumental public sculptures and a creative children’s playground. Pursuant to Ossining’s policy, 10% of the units (19) will be dedicated to affordable workforce housing for those making up to 80% of Westchester County’s median income.

“We are very excited to see this project finally come to fruition after years of careful planning and an unavoidable delay due to the economic downturn. Now we look forward to the future and the many positive impacts that Harbor Square will bring to our Village… from increasing the economic diversity of our residents living near the downtown, which will benefit Main Street businesses, to the greater tax revenues. Harbor Square’s spectacularly scenic waterfront restaurant will be a major draw throughout the region and the new park along the Hudson River will extend Ossining’s River Walk and enhance the quality of life for all of those who visit,” said Mayor Hanauer.

Harbor Square marks the post-recession return of GDC to development in Westchester County, where the firm was founded 50 years ago in 1964. GDC has built more than 35 luxury residential projects throughout the region with a company focus on properties along the Hudson River, including the Harbors-at-Haverstraw community in Rockland County where 330 units have been built to date.

“GDC is thrilled to finally begin building this exciting new development. We had a lot of time to perfect the design! I am even more thrilled to be back on the Hudson River. It has been over 12 years since we initiated the ferry connecting Haverstraw and Rockland County with Ossining and Westchester. We have another opportunity here to turn a former industrial brownfield site into an important riverfront attraction and economic driver for the Village of Ossining. The residential building at Harbor Square will be unique to this marketplace, with world-class architectural style, beautiful interior design and finishes, unparalleled amenities including a rooftop pool, fitness center and an exciting spa, as well as full concierge services. When given the opportunity to develop a unique Hudson River site adjoining the Metro-North Train Station, we must do something truly exceptional. The Village wants it to be so and we are delivering it,” said GDC Principal Martin Ginsburg.

GDC anticipates a broad market for the units at Harbor Square, from singles and young couples who are not yet ready to purchase a home, to empty nesters who want a truly exciting residence where they can live in a resort-like environment all year long. First residential occupancy is expected in March 2016.

“The county’s Industrial Development Agency is proud to support this incredible project with more than $2.3 million in sales and mortgage tax incentives,” said County Executive Robert P. Astorino. “This visionary development will create jobs for our residents and provide tax revenue for our schools and local services. This partnership between the county, the village, the town and one of our most accomplished developers is Westchester at its best.”

Harbor Square is the first of four groundbreakings for residential rental projects that GDC will begin constructing this year. The others are a 330-unit project in the Greystone neighborhood of Yonkers, a 110-unit building representing the next phase of Harbors-at-Haverstraw, and a 66-unit project along the Saw Mill River in Hastings-on-Hudson.

“As we celebrate our 50th Anniversary, we at GDC have a historic period of activity ahead,” concluded Ginsburg.



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