Page 24 - The Business Council of Westchester - 2018 Relocation Guide

COVER STORY
Paradigm Shift:
The Rise of Transit-Oriented Development
L ong commutes are often the norm, especially in the suburbs; however, wouldn’t it be ideal to live where you work and play? This concept is the growing real estate trend known as transit-oriented development — the building of lively, sustainable communities centered around public transportation. These pedestrian-oriented developments maximize
residential, business, and leisure spaces for everyone from Millennials to empty nesters.
22
LIVING IN WESTCHESTER AND THE HUDSON VALLEY | RELOCATION & MOVING GUIDE
Created by Ginsburg Development Companies in Valhalla, the elegant River Tides at Greystone in Yonkers (above) is a prime example of the rise of transit-oriented development projects in the Hudson Valley.
T ransit-oriented development revi- talizes communities by creating real estate developed around railroads and bus routes, encouraging the use of public transportation while fostering reduced dependence on personal vehicles. This, in turn, reduces the carbon footprint by bringing more foot traffic to the area,
which can boost business for local shops. Developers are building in Westches- ter and the Hudson Valley because of the area’s prime location, with its proximity to
New York City, active population and easy access to public transit. Cities such as New Rochelle, Yonkers, White Plains, Ossining and Peekskill in Westchester County, Nanu- et in Rockland County, Brewster in Putnam County, and Woodbury in Orange County, are just some of the new territories current- ly undergoing a renaissance featuring this type of urban development.
Ginsburg Development Companies (GDC) is one of the major developers of such real estate in Westchester and Rock-