GDC Opens Luxury Residences in Yonkers

The transformation of southwest Yonkers took another step forward on Tuesday when BCW member Ginsburg Development Companies (GDC) celebrated the grand opening of 70 Pier Street, a boutique building featuring 36 luxury rental apartments.

Located adjacent to the Ludlow Train Station and across from a completely renovated Abe Cohen Park & Plaza, 70 Pier Street is the first of three buildings to be built by GDC in the neighborhood, which will total over 400 units.

“70 Pier stands at the gateway to Ludlow Park for those arriving by train. Together with the new park and plaza, it will welcome residents and visitors to an exciting new transit-friendly community that is just 35 minutes to Grand Central Terminal,” said GDC Principal Martin Ginsburg at a ribbon-cutting ceremony held at the property.

GDC is a member of the BCW’s Coalition for Smart Growth, and 70 Pier Street is the first implementation of a new Ludlow Community Master Plan and Rezoning initiated by the City of Yonkers, GDC, and the community to create a new mixed-use district south of the Ludlow Park neighborhood. This district will allow housing and extend the neighborhood’s residential character. The master plan includes building a new Waterfront Park on the Hudson River, a Bridge Street Park & Promenade to be constructed in front of the next phase of GDC’s development, and the restoration of O’Boyle Park on Hawthorne Avenue, creating a string of parks and public open spaces.

“The completion of 70 Pier is the first of many phases in the comprehensive revitalization of the Ludlow community,” said Yonkers Mayor Mike Spano. “GDC’s ongoing investment in this waterfront neighborhood will create renewed open green spaces, parks, improved infrastructure and homes that will spark economic growth for all.”

70 Pier Street offers alcove studios starting at $2,250, one-bedrooms starting at $2,550, and two-bedrooms starting at $3,995. It features high-end finishes, including wide-plank flooring, white lacquer and wood grain cabinetry, porcelain tiled baths with Kohler fixtures, window shades, ceiling fans in the primary bedroom, and a state-of-the-art GE washer/dryer combination unit in every apartment.

GDC is one of the leading residential developers in the northern suburbs of New York City. GDC specializes in creating special places along the Hudson River. Martin Ginsburg has been a pioneer in the development of luxury transit-oriented rental properties in Yonkers. The company’s three other properties in Yonkers include River Tides, Stratus-on-Hudson, and 1177 @Greystone. They are all located on Warburton Avenue at the Greystone Metro-North Station on the Hudson Line.