Ronkonkoma/Midway Crossing
On behalf of the Suffolk County Department of Economic Development and Planning (Suffolk County), BJH led a multi-disciplinary team to perform a third party review of the proposed Midway Crossing development in Ronkonkoma, NY. Midway Crossing, as proposed, comprised almost 6.8 million square feet of new construction, including 1.7 million square feet of life science office/lab space, retail, and related uses; a 4,000 to 5,000 seat indoor arena and 5,000 to 6,000 seat outdoor soccer stadium; a 350,000 square foot convention center with 300 key hotel; a new terminal for MacArthur Airport; 14,700 structured and surface parking spaces; and a new public square at the Long Island Rail Road Station with a train-to-plane connector.
BJH, and its team including VHB, Hunden Strategic Partners, and Sherpa Construction Consulting, performed market and financial feasibility analysis, demographic analysis, infrastructure sufficiency analysis, traffic review, cost review, and provided planning input and project structuring/deal advisory (reviewing both the Developer’s projected financial returns, and the financial terms, risks and opportunities for the County).The plan was approved, with amendments, by the Suffolk County Legislature in Fall 2022 and the proponent, JLL, is moving the project toward implementation. BJH continues to advise Suffolk County on project structuring and financial terms.
