After Oyster Bay rezoning, 141-unit Hicksville project moves forward

Developers receive preliminary approval for 240K sf mixed-use development, which would no longer require variances

Tri-State /
Aug.August 05, 2021 02:40 PM
After Oyster Bay rezoning, 141-unit Hicksville project moves forward

76 N. Broadway would be demolished to make way for Fieldstone at North Broadway7 (Google Maps)

A 141-unit mixed-use development could be the first project enabled by an updated zoning code intended to spur development near the Hicksville Long Island Rail Road station, according to Newsday.

Developers Robert DiNoto and Paul Posillico have received preliminary approval from Nassau County to construct the Fieldstone at North Broadway, a 240,000-square-foot development, which won’t require any variances under the new code. Adopted in February, the rezoning is meant to create “a vibrant and walkable downtown,” Town Supervisor Joseph Saladino said at the time.

The developers hope to close on three adjacent parcels for the project by the end of the year. Along with apartments, about 10 percent of which would be set aside as affordable, the development would include retail space and underground parking.

DiNoto and Posillico are seeking $3 million in sales and mortgage tax breaks, along with a 20-year Payment in Lieu of Taxes package, according to Newsday.

The Oyster Bay Town Board adopted a new zoning code for downtown Hicksville — centered on the LIRR station — in February. The goal of the rezoning is to attract mixed-use development to create “a vibrant and walkable downtown,” said Town Supervisor Joseph Saladino.

Farther east, the town of Riverhead is also seeking to redevelop the area around its LIRR station. Earlier this year, the town began accepting requests for qualifications for a redevelopment site near the station.

[Newsday] —Dennis Lynch


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