The Real Deal New York

Ginsburg Development to lead $83M Westchester Financial Center overhaul

April 19, 2018 11:48AM

Valhalla-based Ginsburg Development Companies and Robert Martin Company will spend $83 million to buy the two office buildings that make up the Westchester Financial Center. The firms plan to redevelop the area into a new “City Square” with green space, apartments, retail and renovated offices. The deal includes a 15-story tower with 309,000 square feet of office space and another tower that’s just a story shorter with 262,000 square feet. They share a block with a 124-unit apartment building that Ginsburg had bought last year for $35 million. [CNBC]