The Real Deal New York

Long Island Cheat Sheet: Triple Five bids cash for Dowling College’s 105-acre Brookhaven campus, Newsday’s Melville HQ put up for sale … & more

By Aidan Gardiner | May 29, 2018 01:30PM

Clockwise from top left: New owners of Martha Clara Vineyards want to bring luxury homes and eateries to 205-acre site, Bankrupt Dowling College gets $14M cash bid for Brookhaven campus, Newsday’s Melville HQ put up for sale and Syosset Park developer to pay for independant environmental study.

Triple Five bids $14M cash for Dowling College’s 105-acre Brookhaven campus
Triple Five Aviation, a subsidiary of the developer behind American Dream mall in New Jersey and one of the players redeveloping 1,600 acres of the Enterprise Park at Calverton, put up a $14 million all-cash bid in the bankruptcy auction for Dowling College’s 105-acre Brookhaven campus. Triple Five officials said they hoped to use the property in a broader effort to “bring back aviation to the region” with aviation research and development, according to Newsday. The property includes a 7,500-square-foot airplane hangar, a 70-room dorm, an athletic facility and a two-building office and classroom complex. Madison Hawk Partners is handling the sale. [Newsday]

New owners of Martha Clara Vineyards want to bring luxury homes and eateries to 205-acre site
The family who bought Riverhead’s Martha Clara Vineyards for $15 million from the Entenmann clan hopes to bring a kind of “town” to the 205-acre site. Maria Rivero González, CEO of her family’s Long Island business, wants to erect luxury homes, a bed-and-breakfast, a new tasting room and a restaurant on the site, Newsday reported. Rivero González, who still needs to secure town approval, expects to take five years to complete the plan. [Newsday]

Developer behind Kings Park soccer complex in settlement talks with landlord
Manhattan-based Prospect Sports Partners sued the owner of the Kings Park land where it hopes to build a 10-field soccer complex. Prospect said the landlord, Anthony Santilli and a Santilli family trust, had misrepresented the amount of valuable sand on their 44-acre site, thereby violating their 48-year lease, Newsday reported. Santilli disputed these claims. Ahead of the project, Prospect partnered with soccer club FC Barcelona to build the facilities, but construction appeared to stop in recent months. A lawyer for the landlord said the two sides are talking and hope courts can push them toward a resolution. [Newsday]

Syosset Park developer will pay to test for toxins on site
Syosset Park Development — made up of Simon Property Group, the Albanese Organization and Castagna Realty — has agreed to pay for an independent environmental study of the site of its proposed development atop a former Oyster Bay landfill. The developer plans to build 625 residences, two hotels, a 30-acre park and retail space. A prior study found that the site didn’t have higher than normal levels of radiation, but area residents still wanted an independent study, Long Island Business News reported. [LIBN]

Newsday’s Melville HQ put up for sale
Newsday’s 500,000-square-foot Melville headquarters, owned by Tribune Media Co., is up for sale. No price has been set. The 48.5-acre property is zoned for light industrial to allow for offices and warehouses or distribution services, but the buyer can apply for rezoning, Newsday reported. Phil Heilpern of CBRE is handling the listing. Newsday will stay in the building until its lease expires on July  31. [Newsday]