Leasing for The Cornerstone Westbury, a modern luxury residential community located 1,000 feet from the Westbury Train Station at 461 Railroad Avenue, is taking leases according to the developer, Farmingdale-based Terwilliger & Bartone Properties. The company also launched a new leasing website 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.
The Cornerstone Westbury promises 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. Amenities 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.
According to the developer, Phase I is expected to swell the Village of Westbury’s tax base by 450%, generating more than $2 million in net fiscal benefit to the school district over 20 years.