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 […]

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