WPCNR MAIN STREET JOURNAL. By John F. Bailey. December 23, 2004.: A spokesperson for the Ginsburg Development Corporation, Westchester's largest residential developer,  gave Martin Ginsburg's reaction to the Louis Cappelli "New 221 Main" proposal last night.

They are going to take up Louis Cappelli's suggestion last night and ask the council to consider a new Pinnacle configuration in January, the direction of which up, down or sideways is being created. Their spokesman disclosed that the new configuration would not need the use of any Louis Cappelli real estate.

 Bill Madden, speaking for Mr. Martin Ginsburgh said Ginsburgh Development was prepared to build his  Pinnacle project without inclusion of the 240 Main Street (Corner Nook-Bookstore-Deli) property, and also without need for 100,000 square feet of easement adjacent to the City Center garage. According to the way the direction the company is moving, Madden said the company no longer need the two properties to make the project work.

"We're considering possibilities," Madden said.

Mr. Madden told WPCNR, Ginsburgh was continuing to negotiate with Mr. Cappelli, but was moving on developing a redesign of the project which he said the company would present to the Common Council in January. "We intend to seek the same height bonus, which we originally suggested, in exchange for affordable housing," Madden said. Asked if that meant an increase in height, Madden said the proposal had not been completed yet.

Asked if Ginsburgh was going to take the building up to 400 to 500 feet, (making it taller than Trump Tower at City Center) Madden declined to comment. Louis Cappelli's main objection to the Ginsburgh Pinnacle project is that it would block the views to the East North East of Trump Tower residents. Wednesday evening, Cappelli challenged the Ginsburgh contingent, there to observe, to lower the spire 50 feet to 235 feet and he'd be comfortbale with that.

 WPCNR asked if the new proposal coming in January would require a special permit. A special permit would be required especially if Ginsburgh wanted to take the building higher than 280 feet (where the present spire stops).  Madden said they did not know at the present time if a Special Permit was needed because alternatives were being examined.

Asked if Ginsburgh Development had received offers on the old A & P Main Street property where the Pinnacle is proposed. Madden said, "We're Westchester's largest residential developer. We build things. We don't sell."