TRITEC Real Estate Company is developing Station Yards, a transit-oriented mixed-use development spread across 53 acres at the Ronkonkoma train station, the busiest commuter rail station in Suffolk County and adjacent to the region’s only airport. This project, encompassing 360,000 s/f of commercial space, 1,450 residential units, and 195,000 s/f of retail space, represents a strategic endeavor to revitalize the region and position it as a prime destination for and young professionals.
David Pennetta, SIOR, LEED GA, executive managing director at Cushman & Wakefield, brings his extensive experience in mixed-use and transit-oriented projects to manage commercial leasing efforts. TRITEC is also relocating its corporate offices into 16,500 s/f within the development, signaling a strong commitment to the project’s success.
Long Island has been experiencing a troubling exodus of young talent, with many seeking better opportunities elsewhere due to a lack of housing options and vibrant community spaces. This migration is compounded by the struggles of local businesses to attract and retain skilled workers, creating a cycle of economic stagnation.
Read the full feature in New York Real Estate Journal.
