search

The Real Deal Logo

Trending

Major developers are converting South Florida malls into mixed-use projectsMajor developers are converting South Florida malls into mixed-use projectsGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MAnywhere says bring on the broker commission reckoningAnywhere says bring on the broker commission reckoning
New York

Riverhead town board weighs one of the largest land sales in LI history: 1,643 acres in Calverton

Sign Up for the undefined Newsletter

The Riverhead town board will vote Wednesday on whether to approve the $40 million sale of 1,643 acres in Calverton, Long Island Business News reported. About 600 square feet of the parcel is slated to be developed into an industrial park. The buyer is a partnership between Calverton Aviation & Technology, Triple Five Worldwide Group and Luminati Aerospace. The property, which was last used by the U.S. Navy and and Northrop Grumman, has sewers, rail freight service and two runways. “What we’re putting together is a very robust program geared toward manufacturing that’s going to focus on workforce development training and become a resource center for manufacturing on Long Island,” Triple Five director of business development told the outlet. [LIBN]

Tags
Long Island