The Real Deal New York

Triple Five bids $14M cash for Dowling College’s 105-acre Brookhaven campus

May 29, 2018 01:39PM

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]