From the Long Island Market Report: It’s a mixed bag when it comes to Long Island’s commercial real estate market. On the one hand, there’s notable action with Class A office properties, including the 233,000-square-foot $112-million headquarters of software company Dealertrack, due for completion this summer.
And then there’s the $260-million redevelopment of Nassau Coliseum in Uniondale and the upcoming $4-billion, 452-acre mixed-use Heartland Town Square project in Islip, which will house more than 9,000 rental apartments and condominiums, 1 million square feet of retail, 3 million square feet of office and one or more hotels. [more]