News: Owners Developers & Managers

Ginsburg Development Companies joins with Peekskill officials in groundbreaking for new townhomes

Shown (from lef) are: Joseph Dziegelewski, senior VP, GDC;
council member Kathleen Talbot; Kevin Marrinan, director of dev., GDC;
Kevin Plunkett, deputy Westchester County executive; Martin Ginsburg,
principal, GDC; mayor Frank Catalina; Richard Leins, city manager;
Westchester County legislator John Testa; council member
Joseph Torres; NYS assembly member Sandy Galef.

Peeskill, NY Continuing a commitment to the revitalization of Peekskill, Ginsburg Development Companies (GDC) principal Martin Ginsburg joined with mayor Frank Catalina and other city officials and dignitaries on September 14th for a groundbreaking ceremony to mark the start of construction of Gateway Townhomes.

 Located at 700 Main St. at the gateway to the city from Rte. 9, Gateway Townhomes features 16 rowhouse townhome-style condos with a selection of triplex two and three-bedroom homes ranging in size from 1,649 s/f to 1,915 s/f. The first floor of each townhome will feature an entrance hall, home office/guest room and a two-car garage. The second floor will consist of the living and dining rooms with a large eat-in kitchen, with the top floor featuring two or three bedrooms.

The city asked GDC to develop the former municipally-owned site as a for-sale homeownership project when GDC began the approval process for its Fort Hill Apartments community located nearby.

“We recognized the importance of this site as a gateway to the city of Peekskill and its downtown and was happy to make this neighborhood townhome development part of our holistic commitment and investment in the city,” said Ginsburg. “We are pleased to offer GDC quality townhomes at prices that are very reasonable for new construction condominiums in Westchester County, ideal for both first-time homebuyers and empty-nesters looking to downsize who want to enjoy the convenience of downtown living.” 

“Thanks to Ginsburg Development Companies and everyone who has made this project a reality” said County Executive Robert P. Astorino. “The continued revitalization of Peekskill and developments like these being built all over Westchester proves over and over again that our county is a top tier location to live, work, go to school, and raise a family”

“I cannot express my joy and excitement at the commencement of this project. It represents the first new construction in this area of Main St. in over 65 years.  We thank Martin Ginsburg and the Ginsburg Development Corp. for staying in Peekskill and accepting this challenging project. He is a true visionary who is changing the face of Peekskill forever and we thank him,” said mayor Catalina.

“Thanks to Ginsburg Development Companies and everyone who has made this project a reality” said county executive Robert Astorino. “The continued revitalization of Peekskill and developments like these being built all over Westchester proves over and over again that our county is a top tier location to live, work, go to school, and raise a family.”

The townhomes, which are located within an easy walk to downtown restaurants and shops, will share a shuttle bus to the Peekskill Metro-North Station with GDC’s Fort Hill development. Sales are expected to begin in the Summer of 2018. 

MORE FROM Owners Developers & Managers

JVP Development names new sales team at 250 West 96th St.

Manhattan, NY JVP Development has appointed Team Arceon, led by Corcoran Top 25 broker Kristen Suh, as the exclusive sales and marketing team for 250 West 96th St., the 131-residence luxury condominium on the Upper West Side designed by renowned Danish designer Thomas Juul-Hansen. The official announcement comes on the heels of 250 West 96th St.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.
New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations