Wednesday, January 29, 2014

Ronkonkoma Plans $475M Transit Village Development

The Long Island Regional Planning Council voted unanimously to name the 50-acre housing and retail development proposal known as the Ronkonkoma Hub a project of "regional significance," a designation sought by town officials. The $475-million Ronkonkoma plan calls for nearly 1,500 apartments, 195,000 square feet of retail space and 350,000 square feet of office and medical facilities. The project is expected to take seven years to complete.

The redevelopment of the Ronkonkoma Hub area around the Ronkonkoma train station, will be built by a Setauket company, Tritec Real Estate. and is expected to take seven years to complete.

The development will cost an estimated $475 million and feature a mix residential, commercial, hospitality, retail and entertainment among other possible uses for the area.

Ronkonkoma Hub Fact Sheet 

  •     Mixed use development on 50 acres in the Town of Brookhaven. 
  •     Located at the Ronkonkoma Train Station.
  •     Plan includes 1,450 studio, 1BR, 2BR and 3BR rental apartments. 
  •     20% will be slated as affordable housing.
  •     Rents for remaining units estimated at: studio $1300, 1BR $1850, 2BR $2450 
  •     Includes 195,000 sf retail, 360,000 sf office space and 60,000 sf flex space.
  •     Total of 615,000 square feet of commercial space over 14 acres of floor area.
  •     Buildings will be 3-5 stories in height.
  •     Project spans the Towns of Brookhaven and Islip.
  •     Islip will get a 1,000,000 gallon sewage plant and all parking for the train station.
  •     Developer has been awarded $5M in subsidies and will apply for tax abatements.

The Town of Brookhaven has named Tritec Real Estate Company, the Setauket organization that is currently building the $100 million New Village at Patchogue in the location of the former Swezey’s Department Store, as the master developer of the project.

John Durso, president of the Long Island Federation of Labor, which represents the building trades, wanted to be sure that when the Hub plans goes forward; Tritec would employ local construction workers.

It is estimated that construction will take seven years. Durso, who requested a meeting with Tritec officials said, "We want the project done correctly and with Long Islanders."

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