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Long Island Real Estate is Changing

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The Ronkonkoma Hub could create a reverse commute from New York City image: tritec They’ve been called the selfie generation, entitled and lazy. But Millennials are now the largest generation and, after a decade of moving away from New York’s metro Long Island region , they are beginning to stick around. The number of people aged 20 to 34 living on Long Island rose 7 .6 percent from 2010 to 2015 according to a report released by Long Island Association in June. Despite the stereotypes, experts see the increase as reason for optimism. “It’s vitally important, particularly for businesses that make their home here,” said Robert Loscalzo, the chief operating officer of Tritec Real Estate Company, which specializes in the type of mixed-use housing this generation favors. “You need a vibrant workforce and from the standpoint of job creation it’s vital that companies have a source of labor.” But a home doesn’t necessarily mean a house, especially for Millennials. Nationwide, 34.1 percent of...

Stone Arch Apartments Open for Occupancy Sept. 1.

Business Editors/Real Estate Writers MINNEAPOLIS--(BUSINESS WIRE)--Aug. 22, 2003 New, Affordable Rental Units Located Downtown Minneapolis on the Riverfront Stone Arch Apartments , located on the Mississippi riverfront in downtown Minneapolis , opens to renters on Sept. 1. The apartment complex is at 601 Main Street S. E., at the historic Stone Arch Bridge trailhead , and has 221 rental apartments in two buildings, including a large number of affordable units . The apartments were developed by Minneapolis Stone Arch Partners , LLC - a joint venture of The Wall Companies and Lupe Development Partners, LLC - and are situated on a formerly polluted, industrial site. The location was cleaned-up to create a stunning river and downtown vantage point . The development presented complicated land use problems requiring a change in state law, street vacations, railroad abandonment, pollution clea...