Ginsburg’s Harbor Square project breaks ground

Developer Martin Ginsburg and Ginsburg Development Cos. will hold a ceremonial groundbreaking June 11 for Harbor Square, the Valhalla company”™s 188-unit luxury apartment building and 5,000-square-foot restaurant on the Ossining waterfront.

The residential building is scheduled for occupancy in March 2016.

Ossining Mayor William R. Hanauer will host the ceremony with the developer at 12:30 p.m. at the Harbor Square site on Westerly Road.

The groundbreaking for the approximately $40 million construction project comes about nine years after Ginsburg Development formed a joint venture with another Valhalla-based developer, Louis Cappelli and Cappelli Enterprises Inc., for a mixed-use luxury condominium development on the Hudson River site near the Ossining Metro-North train station. Foundation work had begun on Harbor Square when the project was halted in the recession and credit crisis of 2008.

Cappelli later withdrew from the Ossining venture. Ginsburg revived the project in early 2012 as a rental development with studios and one-, two- and three-bedroom apartments.