Ginsburg Development to lead $83M Westchester Financial Center overhaul

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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]