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.
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