This article was published in Long Island Business News and written by Julianne Mosher.
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Elected officials and business leaders joined executives of Tritec Real Estate and Northwell Health Tuesday at a groundbreaking ceremony for the newest phase of the Station Yards mixed-use project in Ronkonkoma.
Phase 2C at Station Yards will bring 285 apartments and 30,000 square feet of medical office space leased to Northwell in three new five-story buildings on a 6.72-acre development site bordered by Union Avenue and Carroll Avenue. The new $175 million addition to Station Yards is designed by Marc Spector of Woodbury-based Spector Companies.
Guests at the groundbreaking included Suffolk County Executive Ed Romaine; Sarah Lansdale, commissioner of Economic Development & Planning; Lisa Mulligan, CEO of the Town of Brookhaven Industrial Development Agency; Stephen Bello, executive vice president and president of Eastern Market at Northwell Health; Chris Coluccio, president of the MacArthur Business Alliance; Kelley Heck and Jimmy Coughlan, Tritec co-presidents.
As LIBN was first to report in July, Northwell aims to create a multi-disciplinary practice facility on the ground floor of one of the three new buildings in the newest phase of the $1.3 billion project across from the Ronkonkoma Long Island Rail Road station.
Northwell is the largest commercial tenant so far to lease space at Station Yards. Construction on the newest Station Yards buildings is expected to take about 18 months to complete.
In June, Tritec cut the ribbon on the second phase of The Core, which added another 175 apartments, 1,419 square feet of retail space and a second parking structure for residents to the Station Yards development. The first phase of The Core has 388 apartments, 70,000 square feet of retail space and 16,500 square feet of office space, which is now home to Tritec’s headquarters.
When completed, the Station Yards development that is reimagining some 50 acres by the train station will have 1,450 apartments, 195,000 square feet of retail space, and 360,000 square feet of office space.
David Pennetta and Stephen Cadorette of Cushman & Wakefield and Darren Leiderman of Colliers brokered the Northwell lease for landlord Tritec.