YONKERS, NY—Developer Martin Ginsburg wasjoined by a host of city officials, including Yonkers MayorMike Spano, on Tuesday to turn the first dirt on hisfirm's more than $100-million River Tides at Greystone apartmentproject here.

Ginsburg, principal of Ginsburg DevelopmentCompanies of Valhalla, NY, has owned the property thatoverlooks the Hudson River and has an unobstructed view of thePalisades since the 1970s. Noting that he had tried to develop theparcel a number of times over the years, he said the time is nowright for his luxury, 330-unit rental apartment building.

“What I think we have done here is used all of the experiencethat we have had over the years to really create a masterpiece,”Ginsburg said. “This is going to be the premier residence inWestchester.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.