GDC Celebrates Groundbreaking of Transit-Oriented Project in Yonkers

In what represents the first big step toward the transformation of Yonkers Ludlow neighborhood into a vibrant mixed-use transit-oriented community, BCW Member Ginsburg Development Companies Founder and Principal Martin Ginsburg joined with Mayor Mike Spano and other city officials this week for the groundbreaking of 70 Pier Street, a four-story multifamily building.
Located adjacent to the Metro-North Ludlow train station, the $11.5 million development will feature 36 apartments over a ground floor that would include retail space as well as the building’s lobby and amenities for residents. There would be indoor parking for 35 cars.
As a later part of the project, GDC will also undertake the revitalization of the existing public space known as Abe Cohen Plaza in cooperation with the City of Yonkers, which secured a $1.2 million grant from Empire State Development for improvements to the plaza and other streets near the Ludlow Metro-North Station. The newly revitalized plaza is planned to include new paving, landscaping, sidewalks, benches, lighting, an entrance arch, a new flagpole, a sculpture and a new clock tower.
“Seventy Pier Street and the revitalization of Abe Cohen Plaza are relatively small projects that will have a big impact as they create an exciting new gateway to the Ludlow neighborhood for those arriving at the Metro-North Station. We will create a new sense of place with market-rate rental apartments, new neighborhood retail, and a beautiful new public space in Abe Cohen Plaza,” said Martin Ginsburg.
70 Pier Street is the first of three multifamily buildings proposed by GDC for the city’s Ludlow section. Plans have been approved for Phase One of Bridgewater North located at 150 Downing Street, a $65 million, seven-story building.
Both 70 Pier Street and 150 Downing Street are in the area covered by the city’s Ludlow Street Transit Oriented Development Plan designed to guide reviving the area. This area of the City has not seen meaningful economic development and new construction in over 40 years.
Similar News Items
The BCW is among 37 business organizations statewide that are urging Gov. Hochul to veto S.8432 (Hoylman-Sigal)/A.8662 (Gallagher), which would require small businesses organized as Limited Liability Companies (LLCs) to disclose confidential and personally identifiable information to the New York State Department of State (DOS). The group notes that if signed into law, the legislation […]
The ongoing revitalization of Yorktown’s retail centers continues with construction under way on the $10 million renovation of the Triangle Shopping Center. On Tuesday, Yorktown Town Officials met with executives of The Hakim Organization, which owns the 208,000-square-foot retail center, to survey the progress of work which includes updating store facades and installing new sidewalks […]
With the dismantling of the U.S Department of Education and colleges and universities, along with student loan forgiveness, under attack, there is some very good news for Westchester. BCW Member SUNY Westchester Community College in Valhalla announced this week that it received a $306,514 grant from the U.S. Department of Education through the federal TRIO Student […]
Become A Member
Join the county’s largest and most influential business organization today.
JOIN NOW!
Leave a Comment
You must be logged in to post a comment.