Are you ready to indulge in the pinnacle of luxurious living during your extended stay in Long Island? Look no further than The Selby and Vanderbilt, two of the most prestigious residences in Westbury. Whether you're a snowbird looking for a summer stay, a traveling nurse, or a visitor in need of temporary accommodations, The Selby and Vanderbilt offer the perfect blend of executive convenience and the comfort of home.

Treat yourself to the ultimate luxury experience and head to Long Island for a stay in one of its many world-class hotels. From luxurious spas, fine dining, breathtaking views, and top-notch service, there are countless reasons why you should consider staying at a luxury hotel on Long Island.

Stay at Westbury’s Most Distinctive Residences

The Selby and Vanderbilt welcome you home to our boutique collection of meticulously curated residences. After experiencing the unparalleled comfort and sophistication of these fully furnished, residential-style suites, you’ll never want to leave. Among the most refined rental residences in Long Island,  The Selby and Vanderbilt are designed to foster a sense of community and enhance your daily experiences. Whether you're looking for opportunities to improve your health and wellness, entertain guests, relax and unwind, or pursue professional endeavors, you'll find everything you need at these unique residences.

Luxury stays like these are the perfect solution for the snowbirds out there seeking a temporary summer home,  medical professionals in need of short-term housing near hospitals, a potential resident looking to explore Long Island before settling down, looking to downsize, or for those hosting visiting family and guests. Our high-end extended stay residences provide a level of service and amenities that go beyond what standard hotels can offer.

Executive Convenience with the Comfort of Home

As soon as you step through the doors of these stunning extended stay residences, you'll be struck by the careful attention to every detail. The Selby and Vanderbilt are more than just places to stay – they cater to an atmosphere of relaxation and comfort.

Each executive suite is spacious and well-appointed, featuring vaulted ceilings, expansive windows, designer baths, and custom wood features. Whether you're staying for a season or several months, you'll feel right at home with laundry on-site, and dry cleaning services just a dial away. You also get the option of choosing a kitchenette or full kitchen depending on your stay needs.

But the amenities don't stop there. The Vanderbilt also offers an on-site restaurant, bar service, and a poolside menu for your dining pleasure. Visit The Selby’s on-site restaurant after the summer season! And if you need to get some work done, the business center, conference rooms, and club rooms provide the perfect setting to stay productive. During the warmer months, take a dip at the terrace pool near the fire pits and soak in the sun. The amenities are simply unmatched.

Location is Everything

Of course, location is everything when it comes to an extended stay, and The Selby and Vanderbilt are perfectly situated to take advantage of all that Long Island has to offer. Just 25 miles from New York City, you can find yourself in the city just minutes from your doorstep. The residences also offer easy access to transportation including the Westbury train station, as well as world-class dining, shopping at Long Island’s largest mall, Roosevelt Field, and entertainment options, all within a short drive. Plus, with close proximity to the 930-acre Eisenhower Park, you'll have access to endless opportunities for recreation and outdoor activities like golf.

And don’t forget about the picturesque beaches of Long Island just a short distance away. And if you consider yourself a foodie, you’re in for a treat. Westbury boasts a worldly, inspired culinary scene. Trendy new restaurants, old-time diners and local favorites provide an array of experiences from breakfast to late night dinner.

Whether you're visiting Long Island for work or pleasure, The Selby and Vanderbilt by Beechwood Homes are the ideal home away from home. With exceptional amenities, personalized services, and a central location, these extended-stay residences offer the ultimate luxury living. Book your stay today and experience the very best that Long Island has to offer. 

Juniper at The Vanderbilt (990 Corporate Dr., Westbury) is a sustainably driven American Grill highlighting the food and wine of New York and Long Island, which will offer diners a string of wonderful brunch dishes and drink deals on Easter Sunday. Options include Arugula Salad topped with Pear, Walnut, Gorgonzola, and Balsamic dressing, Butternut Squash Soup, Smoked Salmon Benedict served, House Pancakes topped with Strawberries, Blueberries, Raspberries, or Bananas with Butter, or upgrad to a large format meal of Lamb Chops with Roasted Root Vegetables. Creme Brûlée or Flourless Chocolate Cake for dessert. Easter Brunch offered from 11am - 4pm and is priced at $75 per person.  Ask about drink specials. 

Photo: Juniper at The Vanderbilt                                                                              

Bar Marseille in the Rockaways (190 Beach 69th St) will serve a delightful Brunch menu and drink specials for Easter! The brunch, priced at $65 per person, includes options such as French Onion Soup, Steak Tartare with Cornichon, Crispy Zucchini With Za’atar Yogurt, and Lemon, Bar Marseille Cheeseburger with Caramelized Onions, Secret Sauce, and Fries, French Toast with Catskills Maple Syrup, and Berries, Steak Frites featuring a New York Strip, and Herb Compound Butter. Guests can up their brunch experience by ordering the Lamb Chops with Carrots, Asparagus, Potatoes, and Mint Au Jus.  

Photo: Bar Marseille                                                                                        

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To read the entire article, visit https://www.newsday.com/classifieds/real-estate/luxury-senior-55-over-communities-rxmb9ib0

Seeking community, fun

A slice of the 55-and-older crowd — relatively more affluent and active than their parents might have been at their age — are seeking that laid-back lifestyle and often expect high-end amenities at the communities they are choosing.

That pool of customers is growing: In 2021, there were about 744,000 residents in Nassau and Suffolk counties over the age of 60, or 26% of the population on Long Island, according to the U.S. Census Bureau. That was an increase of 160,000 from a decade earlier, when those 60 and older made up 21% of the Island.

Developers of the rapidly growing complexes, whether with units for rental or for purchase, are taking notice and upping the ante, incorporating private dining rooms, fully equipped gyms and saunas, in-house movie theaters, pickleball courts and clubhouses that serve as spacious, glamorous hubs for activities.

“We are selling a lifestyle,” said Diane Maier, sales agent for The Vineyards at Center Moriches and at Mount Sinai, where prices range from $749,000 to $899,000.

All those perks are factored into the costs of buying or renting at these complexes.

At Country Pointe in Plainview, 90% of the suites and villas are reserved for those 55 and older. Two-bedroom units range from $765,000 to $1.4 million, with homeowners association fees from $540 to $897 and annual taxes varying by model.

On the top floor of a three-level clubhouse there is a ballroom with a bar where galas are held a few times a year, said Robert Spiotto, Country Pointe’s events director. Recent bashes held around the pool and in the ballroom include a black-and-white party and a ’60s revival night.

Many of the events draw up to 300 residents. Even smaller ones, such as “The Joy of Oy” Catskills-style comedy show held in July and a concert by singer Tommy Sullivan, a founding member of the 1960s group The Brooklyn Bridge, draw crowds of 200 members. 

“There is a feeling of camaraderie here,” Spiotto noted. “That is what we provide.”

In addition to elegant clubhouses and large swimming pools, the biggest reason people move to these communities is the socializing. After raising children and holding demanding jobs, living in a resort-like atmosphere often comes with new friendships with others at the same stage of life.

Rentals, too 

Rental communities are also training their eyes on the luxe market. While not specifically for those 55 and older, the units rent to many seniors for the easy lifestyle and conveniences they offer, both inside and outside the developments.

The Selby, a six-story apartment complex overlooking Eisenhower Park in Westbury, opened in September with 210 units and 27 long-term executive suites that rent from $3,200 for a studio to $9,500 a month for a 2,200-square-foot, three-bedroom unit. More than 40% are already leased, according to Suzee Foster, a spokesperson for the Beechwood Organization, which developed the complex.

Built in a French chateau-style, the Selby offers residents a 75-foot outdoor pool and terrace, a great room with garden views, club room with an indoor-outdoor bar, a 6,000-square-foot dining room, fitness room with yoga studio, a tranquility space and private parking with electric car charging.

Beechwood principal Steven Dubb said the new complex follows the success of the luxury rentals at the nearby Vanderbilt, where rents range from $4,300 to $8,000 and was fully leased within six months. There, renters enjoy an outdoor heated pool with cabanas, yoga and fitness studios, fine dining restaurant and cafeteria.

“Whether year-round or part of the year, our residents want a new, well-constructed home with resort amenities and concierge services reflective of their coveted quality of life,” Dubb said.

For Jenkins, the retired correction officer, that means saying goodbye to the days of cutting grass and thinking about oil bills, he said. Now he spends time by the pool at his complex in the summer, meeting friends at the clubhouse, which features a gym and card/game room.

“I worked a long career, 26 years, and it feels good to live a laid-back lifestyle,” Jenkins said.

To read the entire article, visit https://www.newsday.com/classifieds/real-estate/luxury-senior-55-over-communities-rxmb9ib0

Juniper (990 Corporate Dr., Westbury)
Once the domain of Tom Schaudel’s Kingfish, this year-old New American eatery is still a bit under-the-radar, perhaps owing to its location on the ground floor of the Vanderbilt, a high-end apartment complex. But Restaurant Week is about new adventures, and this chic spot (monochromatic look, blond wood accents, potted juniper trees, the latter native to LI) is worth seeking out. Entree highlights include roasted Cascun Farms half-chicken and Faroe Island grilled salmon, while the wild mushroom flatbread makes for a fine and substantial appetizer. And while we haven’t tried them, the desserts, especially the Tahitian vanilla cheesecake with brown butter crust, certainly sound like they're worth saving room for. More info: 516-820-1200, juniperlongisland.com

Read the full article on https://www.newsday.com/lifestyle/restaurants/long-island-restaurant-week-2022-u6rt4qkd

BY: SEBASTIAN MORRIS 7:00 AM ON OCTOBER 17, 2022

Occupancy has begun at The Selby, a 237-unit apartment complex at 695 Merrick Avenue in Westbury, New York. The complex is the latest residential development from The Beechwood Organization, a Long Island-based developer that has built nearly 10,000 homes since the 1980s.

The Selby sits on a 5.87-acre parcel next to the town’s Eisenhower Park and golf course. The complex itself measures 582,000 square feet and includes 210 rental apartments, 27 long-term stay executive suites, and a 6,000-square-foot restaurant.

Tenants also have access to a 85-foot-long outdoor pool with lounge areas, a 20,000-square-foot terrace, an indoor lounge and club room, fitness center, spa, library, game room, children’s playroom, business center, and a private dining room with a prep kitchen. There is also an enclosed parking garage with electric vehicle charging stations.

“We created The Selby to reflect the most refined tastes in sophisticated apartment living to be found east of New York City,” said The Beechwood Organization co-founder Steven Dubb. “These are Long Island’s nicest residences, with the nicest lifestyle and in the nicest location, across from Eisenhower Park in central Nassau County.”

Upon entering the building, tenants are greeted by a two-story lobby outfitted in custom millwork, a jeweled chandelier, and etched brass accents. Each home features 10-foot ceiling spans, open floor plans, oversized windows to maximize the flow of natural light and views of Eisenhower Park, and designer fixtures and appliances.

Designed by Ismael Leyva Architects, The Selby is described as French chateau-style revival inspired by the prewar residential buildings along Central Park West in Manhattan.

Homes at The Selby are priced from $3,200 per month for a studio apartment to $9,500 for a three-bedroom, three-bathroom home.

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The 237-unit building features units ranging from studios to three-bedroom apartments, and tons of amenities.

WESTBURY, NY — The Selby, a new luxury apartment complex in Westbury, opened earlier this year, and is currently accepting residents.

The Selby, located at 695 Merrick Ave. in Westbury, is a 237-unit building. The six-story building sits on 5.87 acres directly across the street from Eisenhower Park. It is managed by the Long Island-based Beechwood Organization, and was designed by Ismael Leyva Architects.

“We created The Selby to reflect the most refined tastes in sophisticated apartment living to be found east of New York City," said developer Steven Dubb, principal at The Beechwood Organization. "These are Long Island’s nicest residences, with the nicest lifestyle and in the nicest location, across from Eisenhower Park in central Nassau County. We are delighted to present The Selby and to welcome our new residents.”

The Selby features many amenities for its residents, including a 75-foot outdoor pool and 20,000 square feet of recreation space. There is a grand salon, club room with indoor/outdoor bar, fitness studio with a yoga room, a tranquility spa, an on-site library, game room, children's playroom, business center and a private dining room. A restaurant is also in the works for the building.

The apartments range from 500-square-foot studios to 2,200-square-foot three-bedroom units. Rent starts at $3,200 a month and goes up to $9,500 a month.

Beechwood also manages The Vanderbilt, located on Corporate Drive in Westbury.

“Those who live in our luxury residences enjoy a high standard of living. They are young couples or professionals with dynamic lifestyles who want turn-key living outside of, but not too far from, New York City," Dubb said. "They want to stay or live on the Island but are not ready or looking to buy. They may also be empty nesters who relish the space, comfort and privacy of a long-held family abode but not the responsibility of owning it. Whether year-round or part of the year, our residents want a new, well-constructed home with resort amenities and concierge services reflective of their coveted quality of life."

Click here to read the original article.

Architect Ismael Leyva, FAIA, has designed the new mixed-use property known as The Selby, located at 695 Merrick Ave. The architecture firm was retained by The Beechwood Organization to design the project. The Selby is open for occupancy according to Steven Dubb, principal, The Beechwood Organization.

The development contains 386,000 s/f of residential space and stands six stories. Included in the design are 237 residences, which include 210 rental apartments and 27 long-term stay hotel suites, a 6,000 s/f restaurant, and retail space. A full complement of amenities for tenants include a library lounge area, a club room with indoor-outdoor bar, children’s playroom, fitness studio, 75 ft. outdoor swimming pool and 200,000 s/f terrace, storage and private parking with electric charging station.

“We are thrilled to have worked with The Beechwood Organization on this exciting development,” said Leyva. “In designing this development, we wanted to create a functional yet modern structure with a design reference to the French chateau facades that you often see in the surrounding fine residential areas of Westbury and this region of Long Island. We designed the modern residences for those who desire to have an array of luxury amenities at their fingertips, but also within a design envelope which is a tribute to the historic charm of Westbury.”

The Selby is located on six acres with views of Eisenhower Park, just steps from the front doors of the residences. The interior design of The Selby is in a Refined Traditional Style. A contemporary design interpretation combined with traditional elements, materials and details, that create a balance between comfort and sophistication from the lobby, library and club room to the grand salon, pool terrace and each residence ranging in size from studio to three bedrooms.

“The building has a majestic feel, with unparalleled amenities in a location which maximizes views of Eisenhower Park. The stately and beautiful design captures much of the architectural vernacular seen across Old Westbury, and is reminiscent of the Gold Coast’s Gilded Age estates, as well as New York City’s grand historic co-ops overlooking Central Park,” said Dubb.

“I am grateful to Steven Dubb and The Beechwood Organization who engaged us to design this iconic new residential structure in the heart of the Long Island Gold Coast. We are thrilled to bring this level of luxury design and amenity to future residents of The Selby,” said Leyva.

Ismael Leyva, FAIA, is a Manhattan based architect, known for his iconic residential design projects such as The Greenpoint in Brooklyn, The Alyn in the Upper East Side, and the residences at 15 Hudson Yards, and numerous other developments throughout New York City and the metropolitan region.

New York City based Ismael Leyva Architects, is an internationally recognized architecture, interior design and urban planning firm with offices in New York City and Central America. The firm is recognized by the development and construction industry for its uniquely creative, iconic and practical design. Since the establishment of the firm, Ismael Leyva Architects has built a portfolio of diverse award winning projects featuring responsive designs that address technical, social, and aesthetic requirements. Ismael Leyva Architects is known for the design of prominent buildings such as Icon, The Greenpoint, The Alyn, Hudson 36, The Charles, BKLYN Air, 66 Rockwell, Hilton Garden Inn New York/Midtown Park Ave, Place 57, Oro, Yves and also the design of the luxury residences at Time Warner Center, 15 Hudson Yards and the Zaha Hadid Building.

The Selby, 695 Merrick Ave., is a 237-unit apartment building overlooking Eisenhower Park with 210 rental apartments, 27 long-stay executive suites and an array of amenity-rich spaces for relaxation, fitness, entertaining and recreation. Among these are a 75-foot outdoor pool and terrace with 20,000 s/f of recreation space, great room with garden views, club room with indoor-outdoor bar, fully equipped fitness studio with yoga room, tranquility spa, library, game room, children’s playroom, business center and private event dining room with prep kitchen. In addition, there is private parking with electric car charging and a 6,000 s/f restaurant is in the works. Located in central Nassau County, it is 25 miles from New York City, a short distance to air and commuter friendly rail transport, and minutes from local shopping, dining, sports venues, arts and entertainment centers, and picturesque beaches. Created by The Beechwood Organization, Long Island’s top residential builder, and designed for Beechwood by Ismael Leyva Architects, PC, The Selby opened for occupancy August 2022.

The Beechwood Organization ranks at the forefront of privately-owned and award-winning residential builders nationwide and on the East Coast, is one of the largest developers of single family and multifamily housing in New York State, and is the largest homebuilder and developer of sophisticated lifestyle communities on Long Island. Since 1985, Beechwood has built more than 9500 homes and 70 communities across the New York metro area with new ones on the map in New York City, Long Island from Westbury to the East End, Upstate New York in Saratoga Springs and North Carolina in Charlotte and Chapel Hill. Averaging 3.9 million s/f in new developments year-on-year since 2017, Beechwood transitioned from local builder to national leader ranking #58 of 245 Housing Giants by Professional Builder Magazine in 2020. Long Island Business News cites Beechwood as “the most prolific home builder on Long Island” and honored it as the region’s Top Multi-Family Developer for three years running in 2022, and Residential Developer of the Year for five years to 2018. Development brand names include Arverne by the Sea, Bishops Pond, Country Pointe, Harbor Pointe, Lakeside Pointe, Marina Pointe, Meadowbrook Pointe, Oak Ridge, The Latch, The Selby and The Vanderbilt.

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Purist teamed up with The Beechwood Organization for the grand opening of The Selby luxury residences in Westbury, NY. Cristina Cuomo and Steven Dubb co-hosted the bash.

Catering was by Juniper at the Vanderbilt.
Photography by Mark Kopko.

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Westbury, NY Award winning architect Ismael Leyva, FAIA, has designed the new luxury mixed-use property known as The Selby, located at 695 Merrick Ave. The architecture firm was retained by The Beechwood Organization (beechwoodhomes.com) to design the project. The Selby (theselbyli.com) is now open for occupancy announced Steven Dubb, principal, The Beechwood Organization. 

The development contains 386,000 s/f of residential space and stands six stories. Included in the design are 237 residences, which include 210 rental apartments and 27 long term stay hotel suites, a 6,000-s/f restaurant, and retail space. A full complement of amenities for tenants include a library lounge area, a club room with indoor-outdoor bar, children’s playroom, fitness studio, 75-foot outdoor swimming pool and 200,000 s/f terrace, storage and private parking with electric charging station.

“We are thrilled to have worked with The Beechwood Organization on this exciting development,” said Leyva. “In designing this development, we wanted to create a functional yet modern structure with a design reference to the French chateau facades that you often see in the surrounding fine residential areas of Westbury and this region of Long Island. We designed the modern residences for those who desire to have an array of luxury amenities at their fingertips, but also within a design envelope which is a tribute to the historic charm of Westbury. 

The Selby is located on almost six acres of land with views of Eisenhower Park. 

“The building has a majestic feel, with unparalleled amenities in a location which maximizes views of Eisenhower Park. The stately and beautiful design captures much of the architectural vernacular seen across Old Westbury, and is reminiscent of the Gold Coast’s Gilded Age estates, as well as New York City’s grand historic co-ops overlooking Central Park,” said Dubb. 

“I am grateful to Steven Dubb and The Beechwood Organization who engaged us to design this iconic new residential structure in the heart of the Long Island Gold Coast. We are thrilled to bring this level of luxury design and amenity to future residents of The Selby,” said Leyva.

Read the original article here https://nyrej.com/ismael-leyva-architects-designed-the-selby-now-open-for-occupancy

The Beechwood Organization has opened its new $125 million, 237-unit luxury apartment building in Westbury. 

Called The Selby, the 582,000-square-foot, mixed-use development is on 5.87 acres at 695 Merrick Ave. across from Eisenhower Park. The residential portion of the development has 210 rental apartments and 27 long-term stay executive suites, and a 6,000-square-foot commercial space will be home to a future restaurant. 

Among the amenities at The Selby are a 75-foot outdoor pool and terrace with 20,000 square feet of recreation space, grand salon, club room with indoor-outdoor bar, fitness studio with yoga room, tranquility spa, library, game room, children’s playroom, business center and private event dining room with prep kitchen. The property has parking for residents with electric car charging.  

Monthly rents at the Westbury complex range from $3,200 for a 500-square-foot studio apartment to $9,500 for a 2,200-square-foot apartment with three bedrooms and three baths. 

“We created The Selby to reflect the most refined tastes in sophisticated apartment living to be found east of New York City,” Steven Dubb, a Beechwood principal, said in a company statement. “These are Long Island’s nicest residences, with the nicest lifestyle and in the nicest location, across from Eisenhower Park in central Nassau County.”  

The Selby is 40 percent leased and the first residents moved in last month. 

Manhattan-based Ismael Leyva Architects, which has designed several luxury apartment buildings including the Residences at Time Warner Center, Fifteen Hudson Yards and the Zaha Hadid Building along the Highline, worked on the architectural and interior design for the Westbury project.  

“The Selby is designed as a French chateau-style revival building that pays tribute to the charm of its neighborhood with the comfort of modern living homes and an array of luxury amenities,” Ismael Leyva said in the statement. “I am grateful to Steven Dubb and The Beechwood Organization who engaged us to design this iconic new residential structure in the heart of the Long Island Gold Coast. Although these will be luxury rentals at six stories across from Eisenhower Park, they do harken back to the spacious fine high-rise luxury buildings designed along Central Park West in Manhattan by the renowned architects of the mid-twentieth century, Emery Roth and Rosario Candela. We are thrilled to bring this level of luxury design and amenity to residents of The Selby.” 

The development of The Selby follows Beechwood’s luxury rental building called The Vanderbilt, also in Westbury, which opened in 2018. Within six months of its opening in 2018, the 195-unit Vanderbilt, which has 178 apartments and 17 long-term stay executive suites, was fully leased. 

“Those who live in our luxury residences enjoy a high standard of living,” Dubb said in the statement. “They are young couples or professionals with dynamic lifestyles who want turn-key living outside of, but not too far from, New York City. They want to stay or live on the Island but are not ready or looking to buy. They may also be empty nesters who relish the space, comfort and privacy of a long-held family abode but not the responsibility of owning it.” 

Read the original article here.

The Selby has 210 luxury rental residences and 27 long-stay executive suites.

By Abby Tegnelia

As Manhattanites continue to move out of the city, and empty nesters long to right-size from larger homes to an easier way of life, the need for amenity-packed luxury apartments outside New York City has reached a crescendo. And The Selby, at press time scheduled for a late-summer grand opening, is poised to be the crème de la crème of the housing trend.

Not only does the French château-like Selby overlook Westbury’s rolling Eisenhower Park, but its focus on nature, serenity and access to fitness options merges wellness and luxury in a completely new way.

“Most apartments and amenity areas have views of Eisenhower Park, and the second-level pool features green landscaping,” says the project’s developer and The Beechwood Organization principal, Steven Dubb. “You don’t feel like you’re on an upper level of a building; it’s more of an organic extension of the park.”

In addition to the 75-foot pool deck (with an adjacent clubhouse), The Selby, home to 210 rental apartments and 27 long-stay executive suites, features an array of amenities that includes a yoga room for daily classes, two treatment rooms, an enormous gym and fitness center, a two-story “grand salon” library, a colorful children’s playroom, and a bar/lounge area that will host happy hours and other socials for residents. A 6,000-square-foot restaurant, spanning two stories and facing Eisenhower Park will be open to the public. Other additional amenity spaces include a business center, conference room, clubroom, catering kitchen, outdoor grilling areas and concierge services.

“We not only have the nicest apartments on Long Island,” says Dubb, “but we offer the nicest lifestyle on Long Island as well.”

Stepping into the majestic two-story lobby sets the stage for grand adventure. The necklace-like chandelier is a knockout, and two elegant marble staircases take your eye up the mezzanine as they curve up and around the check-in desk.

“The two-story windows look out into the open-air, landscaped courtyards, and also onto the park,” Dubb says. “Driving down Merrick Avenue at night, the lit chandelier looks spectacular through the second-story glass.”

The esteemed New York City-based firm Ismael Leyva Architects designed both the U-shaped building and the interior of the condominium-sized residences, which range from studios to three bedrooms plus den. In addition to park views, apartments offer balconies, Viking appliances, quartz countertops, plentiful windows and luxe finishes. The 27 executive suites feature the same amenities, and are fully furnished with custom-designed pieces. Only 25 miles from Manhattan, The Selby is in the heart of Nassau County near the Meadowbrook State Parkway, for an easy 35- to 45-minute drive into the city.
theselbyli.com

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A $125 million project in Westbury aims to elevate apartment living with a fitness studio and spa, a 75-foot outdoor pool and rents as high as $8,000 a month.

The Beechwood Organization this week launched a marketing website for The Selby, a 582,000-square-foot project with 210 apartments and 27 hotel units overlooking Eisenhower Park. The six-story development includes a dining room for private events, a club room with an indoor-outdoor bar, a terrace with an outdoor pool, a fitness studio that offers spa services and a 6,000-square-foot restaurant.

The residence, at 695 Merrick Ave., may not require all that much promotion, according to Beechwood principal Steven Dubb. He said "several thousand" people requested updates on the construction of The Selby and will be invited to tour the grounds as Beechwood prepares for tenants to move in this summer.

Beechwood, a Jericho-based development firm that has built more than 7,500 homes, designed a prior luxury apartment project when it got several requests for leases at one of its condo projects, Dubb said. That apartment building, The Vanderbilt, was fully leased within six months of opening in 2018, according to Beechwood. Rents there range from $4,299 to $8,000 for one-, two- and three-bedrooms.

"We had a thesis that the Vanderbilt would work, but we were surprised by how strong demand was," Dubb said. "As demographics age on Long Island and what [residents] want in housing changes, I just think it's nice to be able to build something that keeps up with those changing needs."

Both projects attract retirees, who, without children at home, don't want a house or the responsibilities that come with it, such as clearing the gutters and shoveling snow, Dubb said. Other likely tenants include former Long Islanders who are looking to move back, but don't know where they'll land on the Island.Get the Biz Briefing newsletter!

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Named for Dubb's wife, The Selby has oak floors, Viking appliances and cabinetry from the German company, Störmer. Monthly rents will range from $2,700 for a 500-square-foot studio to $8,000 for a 2,200-square-foot, three-bedroom. Most units will lease for $4,500 to $5,500 a month, Dubb said.

These are not "normal" rates on the Island, but there's a market for The Selby, according to Mitch Pally, CEO of the Long Island Builders Institute, a trade group for developers and construction firms.

"I would foresee a continuation of this type of demand," Pally said, noting that remote work may make similar residences on Long Island appealing to those who previously sought them in New York City.

The average asking rent in Nassau County is just under $2,590 a month, according to Moody's Analytics, an economic research and consulting firm. At 5.1%, the county's apartment vacancy rate is higher than its average over the past decade and than rates in Suffolk County, Moody's Analytics said. The construction of nearly 900 apartments in the past two years has helped push up the number of empty units.

"I think you'll see they will all be absorbed in the next year," Pally said. "I have not seen or heard from my members that they're having any difficulty in renting market-rate or even above-market-rate units."

Stays in the hotel units will cost about $200 to $400 a night, Beechwood said.

The developer hasn't decided who will run the restaurant on site, but said the eatery will be open to the public.

Original article from Newsday

Author: Sarina Trangle