Northwell injects $45M into Yaphank development
Health care provider to occupy 46K sf across three facilities
Rose-Breslin Associates is filling three spaces at its Yaphank development with one tenant: Northwell Health.
The massive health care provider is taking more than 46,000 square feet at The Boulevard in the Suffolk County hamlet, Newsday reported. The Brookhaven Planning Board approved amendments to the site plan to allow Northwell’s tenancy.
Two buildings will be solely in Northwell’s hands: a 28,000-square-foot, multispecialty medical office building and a 16,000-square-foot, ambulatory surgery center. Urgent care provider GoHealth will occupy 2,200 square feet in a multi-tenant building.
The amount Northwell is paying for the spaces hasn’t been disclosed. But Northwell is spending $45 million on interior construction and equipment at the three facilities, which are expected to employ 100 people.
Northwell will become the second-largest tenant at The Shoppes at The Boulevard, located off William Floyd Parkway. The main anchor is a 198,000-square-foot Walmart Supercenter that opened two years ago. A Ridgewood Savings Bank also recently opened at the 296,000-square-foot shopping center, which remains a work in progress.
The Boulevard is a 322-acre, $450 million redevelopment of the former Parr Meadows racetrack that includes office, retail and residential components. Rose-Breslin — a joint venture of Allan Rose’s AVR Realty and Breslin Brookhaven LLC — manages the retail portion, while the Beechwood Organization is tasked with the upscale apartments, condos and townhomes. A Home2 Suites by Hilton hotel was completed in 2020 next to the retail center.
As health care tenants gobble up space on Long Island, Northwell has been the second most active. In 2012 it occupied just 37,000 square feet on the island, according to CoStar, but has grown to 146,000 square feet in the past decade.
CityMD, though, has supplanted Northwell as Long Island’s most prominent health care tenant. CityMD merged with SummitHealth and the combined company was acquired by VillageMD this year.
— Holden Walter-Warner