Westbury, also known as a “community for all seasons”, is a great place to live and to do business. You’d be hard pressed to find someone who hasn’t seen a show at the Westbury Music Fair (NYCB Theatre), or who is unfamiliar with the fantastic home and garden items at Hicks Nurseries, or hasn’t seen the beautiful grounds at Old Westbury Gardens. The Village of Westbury, which prides itself on its diverse population and mass transit-friendly, walkable area, is the gateway to all of these places. Check out this vibrant, fun, up and coming downtown area that's centrally located in Nassau County!
Location, Location, Location!
As is widely known in the real estate world, location is everything! Westbury is centrally located in Nassau County with a number of major roadways intersecting it, making it very accessible for vehicular traffic to access the area. The north - south corridor of Post Avenue is widely used by nearly 22,000 vehicles per day!
Mass Transit Friendly
Aside from the intersecting highways and streets making for favorable vehicular traffic, Westbury is a village that is very mass transit friendly with multiple bus routes and the Long Island Railroad having dedicated stops within the village.
According to the most recent census, Westbury’s population of over 15,000 people has a breakdown which is 55% white, 27% hispanic, 22% black, and 6% asian or other races. Aside from the racial mix you will find a number of different ethnic, cultural, religious, and LGBT cross sections within the makeup of the Westbury population all living and working together in a positive, friendly, and cohesive atmosphere. Diversity is the strength of Westbury as it provides a wide array of businesses which mirror the community around it. The authentic cuisine found in the Village of Westbury is very appealing to those with an domestic and international palate! Westbury is a village where differences are welcomed and embraced truly making it a “community for all seasons”.
The Village of Westbury is surrounded by a handful of colleges within an approximate 5 mile radius of the downtown area. With Nassau Community College, Hofstra University, SUNY Old Westbury, Adelphi University, New York Institute of Technology, and Long Island University Post, there is no shortage of higher education within reach of the village. Part of the NY State DRI Grant is to rezone the downtown area in the hopes of creating affordable housing to a younger demographic such as grad students.
NY State Downtown Revitalization Initiative
The Village of Westbury received a $10 million funding award (July 2016) through the State of New York’s Downtown Revitalization Initiative (DRI) to further downtown Westbury’s revitalization. The DRI Planning Team, with input from the Local Planning Committee (Village residents and stakeholders), have been hard at work developing priority projects to help make Westbury’s downtown the best it can be for all.
The Revitalization Benefits include:
- The rezoning is expected to catalyze $450 million in investment to construct 300,000 square feet of commercial, 1 million square feet of residential, and 55,000 square feet of open space development, and 2,000 parking spaces.
- An estimated 2,500 new residents will move into housing units and support the retail and cultural establishments, catalyzing business growth.
- New housing units will enable existing seniors to stay in place and young residents to locate in the community.
- New housing options (e.g., large, moderate, small and micro units; senior and student housing; rental and purchase) will attract new residents seeking a vibrant and diverse walkable, transit-oriented community.
- New residents and commercial tenants will increase the local tax base.
- An estimated 300,000 square feet of new commercial space is expected to attract a projected 700 new jobs.
- Residents will benefit from the development of new housing options, as well as commercial and open space.
- Businesses will benefit from new commercial real estate options and population density to expand their consumer base.
- Property owners in the rezoning area will benefit from increased options for development of land.
- The Village of Westbury will benefit from increased density and tax revenue associated with new real estate development and residents.
- Nassau County will collect additional tax revenue associated with new real estate development, additional residents, and retail spending.
- The MTA/LIRR will benefit from increased population living close to the LIRR Station and ridership increases.
- This project is expected to catalyze $450 million in private investment, 300,000 square feet of new commercial space, and one million square feet of new residential space.
- The rezoning will not create any direct permanent jobs. It has the capacity to leverage $450 million in private development, which is expected to generate more than 2,000 construction worker years. Increased residential density will support retail establishments in the downtown, and may encourage hiring.