Seritage Growth Properties proposes apartments for Sears space in Hicksville

A real estate investment trust hopes to turn a former Sears store in Hicksville into a mixed-use development, Long Island Business News reported. Seritage Growth Properties, which was spun off by Sears Holdings, has proposed a project that includes 425 rental apartments, as well as “retail and office space, restaurants, a grocery store, cinema, fitness center and food-service kiosks,” according to the outlet. The Town of Oyster Bay plans to hold a public hearing to discuss the proposal on March 10. The former Sears site spans 26.4 acres. [LIBN]