Creative use of existing buildings
Developer Martin Ginsburg, founder and principal of Ginsburg Development Cos., opened the first apartment building in Westchester County to be converted from what had been a Class A office building at 1 Martine Ave. in White Plains into a 188-unit luxury apartment building. Ginsburg estimates the investment in this project totaled $43.7 million. It was one of his most challenging projects because unlike constructing other residential buildings, each apartment in this one had to be individually designed to make it compatible with the existing construction.
The apartments have 11-foot ceilings, large windows, track lighting, exposed ductwork and range in size from 425 to 1,170 square feet. Monthly rents range from $2,250 to $5,450.
Ginsburg said, “”¦It”™s been an experience from the design point of view and from the construction point of view. We reached a good point here and we”™re pleased with the results we”™ve achieved so far. We think this will turn out to be a landmark project.”
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