Victory at Midway: Jones Lang LaSalle has a win-win vision for Long Island with Midway Crossing, according to Vice Chairman Derek Trulson, who took center stage at Wednesday's LIBDC Town of Islip Dinner.
FEBRUARY 2, 2023
On an island where grandiose project proposals (commercial/residential megalopolises, indoor ski mountains, etc.) come and go, Midway Crossing gives pause. Not for its projected price, which is considerable ($2.8 billion), nor its size, which is impressive (2.7 million square feet of tourism, entertainment and life-sciences development, which seems an unlikely combo, but stay tuned). Midway Crossing – a “Project of Regional Significance,” according to the HIA-LI, fully endorsed by the Long Island Association and the subject of the Long Island Business Development Council’s annual Town of Islip Dinner, held Wednesday in Bay Shore – transcends for three reasons, says Derek Trulson, a vice chairman of Chicago-based commercial real estate titan Jones Lang LaSalle: a brilliant development mix, a unique location on Town of Islip-owned land between a rejuvenated railroad and an expandable airport, and the unprecedented availability of public infrastructure-development funds. According to Trulson, who was well-received at Wednesday’s dinner, “Everyone believes now is the time to make this unique infrastructure investment.”
Stacey Sikes VP Government Affairs & Communications
- February 02, 2023
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