May 21

Cornerstone Apartments Approved by Town of Oyster Bay Planning Advisory

The Town of Oyster Bay’s Planning Advisory Board has officially approved Cornerstone Hicksville, the newest major Transit-Oriented Development (TOD) project in the ongoing transformation of downtown Hicksville. The approval advances Hicksville’s 2021 downtown rezoning plan, leveraging one of the busiest transit hubs on the Long Island Rail Road (LIRR) to drive local development. The developer behind the newly approved Cornerstone apartments in Hicksville is Terwilliger & Bartone Properties.

Project Specifications: Cornerstone Hicksville

The newly approved development injects massive private investment directly into the perimeter of the transit hub:

  • A $61 million, four-story mixed-use building spanning 184,214 square feet on a two-acre site situated on Jerusalem Avenue.
  • 106 multi-family residential units designed to appeal to young professionals and downsizing seniors looking to remain on Long Island.
  • More than 4,000 square feet of ground-floor retail space (specifically targeted at 3,247 square feet for active storefronts) to encourage pedestrian foot traffic.
  • A two-level, 241-space parking garage built into the complex to manage the density without straining surrounding street parking.
  • Timeline: Construction is projected to officially break ground in early 2027.

Hicksville’s Downtown Transformation Wave

Cornerstone Hicksville isn’t acting alone. It joins a major wave of neighborhood upgrades and public-private projects currently reshaping the area, supercharged by a $10 million state grant under New York’s Downtown Revitalization Initiative (DRI).

Economic Implications

With the LIRR’s massive modernization, including the third track system enabling faster Manhattan connectivity, town officials like Supervisor Joseph Saladino anticipate that these high-density, mixed-use pockets will successfully retain Long Island’s workforce. By placing housing, public park spaces, and retail within walking distance of a premier transit hub, the town is deliberately positioning Hicksville to become a premier walkable downtown center in Nassau County.

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