GDC Holds Grand Opening for Yonkers Development

YONKERS—The transformation of Yonkers' Ludlow Park neighborhood took another major step forward on Oct. 1 as Ginsburg Development Companies Founder and Principal Martin Ginsburg joined with Yonkers Mayor Mike Spano and other city officials for the grand opening of 70 Pier St.

The newly completed boutique building featuring 36 luxury rental apartments and an array of amenities, including a club lounge, fitness center, business center and roof deck.

Located adjacent to Metro-North's 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 more than 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.

“The completion of 70 Pier is the first of many phases in the comprehensive revitalization of the Ludlow community,” said Mayor 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 St. 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.

70 Pier St. 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. 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.

GDC’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 MTA’s Hudson Line.