Farmingdale-based Terwilliger & Bartone Properties today announced the start of leasing for The Cornerstone Westbury, a modern luxury residential community located 1,000 feet from the Westbury Train Station at 461 Railroad Avenue. The milestone is marked with the launch of a new leasing website, cornerstonewestbury.com, where prospective residents can learn more about the 112 market rate residences slated to open in Fall 2023 (Phase I) and early 2024 (Phase II).
The announcement comes on the heels of over 1,200 applications submitted for The Cornerstone Westbury’s 18 workforce housing units before the application period closed on July 24, 2023. The Long Island Housing Partnership (LIHP), in coordination with The Cornerstone Westbury and Village, will conduct a lottery this month for applicants who qualify for LIHP’s Affordable Rental Housing Program.
“We are thrilled to achieve this exciting milestone as we begin leasing for the first project made possible by the Village of Westbury’s new Transit Oriented Development zoning,” said Anthony Bartone, Managing Partner of Terwilliger & Bartone. “Smart revitalization is essential to the vitality of Long Island’s downtowns, and The Cornerstone Westbury addresses the urgent need for quality multifamily with amenities close to transit, while catalyzing economic development in the heart of Westbury for years to come.”
The Cornerstone Westbury will offer modern luxury living in a professionally managed community with 72 units available in Phase I and 58 units in Phase II.
Apartments will feature open concepts, high ceilings, designer kitchens, and modern finishes. Best-in-class community amenities will include direct access to the LIRR platform, rooftop patio, valet living, firepits, an oversized clubhouse for entertaining, modern fitness center, and secure parking on-site as well as resident events and activities.
Phase I alone is expected to swell the Village of Westbury’s tax base by 450 percent, generating more than $2 Million in net fiscal benefit to the School District over 20 years.
For additional information, please visit: www.cornerstonewestbury.com.