Construction Begins on $100M Waterfront Apartment Project

YONKERS, NY—Developer Martin Ginsburg was joined by a host of city officials, including Yonkers Mayor Mike Spano, on Tuesday to turn the first dirt on his firm’s more than $100-million River Tides at Greystone apartment project here.

Ginsburg, principal of Ginsburg Development Companies of Valhalla, NY, has owned the property that overlooks the Hudson River and has an unobstructed view of the Palisades since the 1970s. Noting that he had tried to develop the parcel a number of times over the years, he said the time is now right for his luxury, 330-unit rental apartment building.