Transactions - MAY 18, 2022

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Public-private partnership to develop $2.8b mixed-use project on Long Island

by Andrea Zander

A public-private partnership between The Town of Islip, Suffolk County, and JLL has unveiled plans for Midway Crossing, a $2.8 billion mixed-use project that will be located on Long Island, N.Y.

The Long Island Regional Planning Council approved the project, which will be the largest commercial or residential development on Long Island in the past 50 years

Midway Crossing will span approximately 2.7 million square feet across 179 acres. Plans currently include life sciences, healthcare and hospitality, as well as a convention center and traditional retail, restaurant, and entertainment space. The development team expects these uses to collectively generate more than $4.5 billion in annual economic impact upon completion.

The property is located near the Long Island MacArthur Airport, as well as the Ronkonkoma Station of the Long Island Rail Road (LIRR).

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