Gotham Plots 157-Unit Complex Next to Westbury Train Station

Gotham Organization is getting its ducks in a row for a transit-oriented Long Island development.

The New York City-based developer is set to file applications for a five-story, 157-unit mixed-use project adjacent to the Westbury Long Island Railroad station, Newsday reported.

The Metropolitan Transportation Authority selected David Picket’s firm for the project earlier this year. Gotham locked in a 99-year lease with a base rent of $500,000 annually, which will jump 12.5 percent every five years.

The $100 million development will be built on the site of a former MTA-owned parking lot. Notable aspects of the project include 10 percent of units being income-restricted, 15,000 square feet of retail space and a public plaza.

There will also be residential amenities, such as a co-working space, a fitness center, a roof terrace with barbecue grills and a multisport simulator.

While the necessary applications have yet to be submitted, Gotham anticipates starting a 20-month construction process in 2027.

The site has been in play multiple times over the years. In 2022, Florida-based Mill Creek Residential earned the blessing of the MTA to develop the site. But Mill Creek failed to make progress on a development, leading the MTA to reopen its Request for Proposals last May.

A stop away on the morning train to Manhattan, Farmingdale-based Terwilliger & Bartone Properties is planning a $61 million project on Jerusalem Avenue near Hicksville’s high-trafficked train station. The development will include 106 apartments across its two-acre footprint; construction is expected to begin in the second half of next year.

Meanwhile, Gotham and the Carlyle Group recently received a $260 million floating-rate loan to refinance a luxury rental building at 200 West 67th Street in Manhattan’s Lincoln Square neighborhood. The financing from Natixis will be used by the owners for apartment renovations and updates to the building’s amenities, including the fitness center and an outdoor terrace.

— Holden Walter-Warner