- Tritec News
Opportunities and Challenges Ahead in Long Island’s Real Estate Market
Long Island has been bustling with real estate developments recently. From mixed-use developments to affordable housing initiatives, many parts of Long Island are experiencing a surge in real estate activity. A number of impressive projects are in the works, promising to transform both the area’s skyline and the economy.
One such high-profile development currently taking place is Station Yards, a large mixed-use project that will span more than 53 acres, reshaping retail space to become a live-work-play community close to the Ronkonkoma Long Island Rail Road station. The 12-year-long development is being led by TRITEC Real Estate, and looks to revitalize local business and generate millions for the local area. It will bring 1,450 new homes to the area, 70,000 square feet of retail space, and a 10,000-square-foot village green for the public to relax in. The 12-year-long wait is almost over – residents are hoping to move in at the end of this year, with retail space opening in spring 2024.
Read the full article in the Long Island Press.