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Leasing Has Begun for Two New Apartment Buildings in Westbury

The construction of two new apartment buildings in Westbury has reached the leasing phase. The project, called the Cornerstone at Westbury, consists of two buildings located on Railroad Avenue. These buildings will provide a total of 130 apartments, with 72 units expected to be completed by this fall in phase one, and the remaining 58 units to be finished in phase two early next year.

To cater to the demand, the Cornerstone at Westbury will offer 112 market-rate apartments. The monthly rents for these apartments will start at approximately $2,600 for a studio and go up to around $3,500 for a two-bedroom unit. The managing partner of Terwilliger & Bartone Properties, Anthony Bartone, provided this information.

The apartments themselves will boast high ceilings, designer kitchens, and modern finishes. Additionally, tenants will have direct access to the platform of the Westbury Long Island Rail Road station. The building will also incorporate a rooftop patio, a clubhouse for entertaining, a fitness center, and on-site parking. These amenities aim to enhance the living experience for residents.

The demand for the complex was evident, as more than 1,200 applications were submitted for the 18 workforce housing units before the application period closed on July 24. The Long Island Housing Partnership (LIHP), in conjunction with The Cornerstone Westbury and the Village of Westbury, will hold a lottery this month to determine the qualifying applicants for LIHP’s Affordable Rental Housing Program.

In a company statement, Anthony Bartone expressed his enthusiasm for reaching this significant milestone. He highlighted the significance of smart revitalization for Long Island’s downtown areas and the urgent need for multifamily housing with close proximity to transit options. The Cornerstone Westbury project aims to not only fulfill this need but also catalyze economic development in the heart of Westbury for many years to come.

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The AI legalese decoder can aid in this situation by providing legal support in the leasing process for these new apartment buildings. With the intricacies involved in leasing agreements, AI technology can assist in navigating complex terms and conditions, accurately interpreting legal jargon, and ensuring that all parties involved fully comprehend the contracts they are entering. This advanced tool can streamline the leasing process, saving time and effort for both the developers and prospective tenants.

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