Press Release - BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY CLOSES ON NEW PHASE OF STATION YARDS COMPLEX IN RONKONKOMA

07/31/26

BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY CLOSES ON NEW PHASE OF STATION YARDS COMPLEX IN RONKONKOMA

FARMINGVILLE, NY (July 31 2026) – Frederick C. Braun III, Chairman of the Town of Brookhaven Industrial Development Agency (IDA) announced that the Agency has closed on a package of economic incentives for the next stage of Tritec’s $1.2 billion Station Yards project in Ronkonkoma. The project will bring hundreds of additional apartments and medical office space to a 6.72-acre site on Carroll Avenue between Union and Railroad Avenues.

The IDA closed on the project with Tritec Real Estate Co. on July 30, 2026. The IDA gave final approval to the latest stage of the project — the fourth — on April 15, 2026.

Known as Phase 2C, the $175 million project will be the fourth section of the Station Yards development at a blighted former industrial and retail district north of the Ronkonkoma Long Island Railroad station. The master plan for the massive redevelopment calls for 1,450 apartments, 195,000 square feet of retail space, 360,000 square feet of office space, and 60,000 square feet of exhibition/hotel space. It was first presented to the IDA in 2012.

The last phase will bring an investment of $175 million by Tritec and create 180 construction jobs and about 80 full-time permanent jobs.

Jimmy Coughlan, Executive Vice President of Tritec, says the developer is halfway through with overall development. Construction began in 2017.

“The IDA continues to support this transformative project, which is helping to attract and retain a diverse and talented workforce for our community by providing much-needed rental housing. Importantly, its primary distinction is the proposed inclusion of medical offices and/or retail space,” said Braun.

About the Town of Brookhaven Industrial Development Agency 
Since 1970, the mission of the Town of Brookhaven Industrial Development Agency is to improve the quality of life for Brookhaven residents by promoting and assisting the growth of businesses that support the Town through capital investment and the creation and retention of jobs. The IDA has issued millions of dollars in tax-exempt or taxable bonds and assisted in straight lease deals to encourage companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA assists with a wide range of companies, including The Meadows at Yaphank, Bactolac Pharmaceuticals, Port Jefferson Commons, Coco Metalworks, The Grove Apartments and MS Packaging and Supply Corp. For more information, visit BrookhavenIDA.org or call (631) 406-4244.

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