In a major commitment to the revitalization of downtown Peekskill, Ginsburg Development Companies (GDC) today joined with Peekskill Mayor Andre K. Rainey and Deputy County Executive Ken Jenkins and other city and county officials to celebrate the Grand Opening of Gateway Townhomes.
Located at the “Gateway” to Peekskill at 700 Main Street, Gateway Townhomes is the first new construction in this area of Main Street in more than 65 years. The $5.2 million development features 16 rowhouse townhome-style condominiums with a selection of triplex three-bedroom homes. Fourteen of the townhomes will be sold at market rate prices, starting at $335,000. Two two-bedroom units will be offered as affordable workforce housing for those making up to 80% of the Westchester County Median Income.
“This wonderful new residential development will provide an attractive gateway to the City of Peekskill which is undergoing an exciting renaissance. We are particularly pleased to offer reasonably priced condominium living that is convenient to Downtown Peekskill and its many great restaurants and shops. We look forward to continuing our commitment to Peekskill’s revitalization with the grand opening soon of our new Fort Hill Apartments development which is just up the road from this project,” said Martin Ginsburg, Principal of GDC.
Joining the grand opening ceremony were several county officials including Deputy County Executive Ken Jenkins, Deputy Director of Economic Development Bridget Gibbons, County Department of Planning Commissioner Norma Drummond and County Legislator John Testa. Westchester County assisted the City of Peekskill in purchasing the site prior to GDC’s involvement in the project.
With the completion of Gateway Townhomes, GDC is moving ahead with a grand opening in September of the first phase of Fort Hill Apartments at the Abbey Inn. Located on Fort Hill Road in Peekskill, the $64.5 million mixed-use project is transforming 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.