The Real Deal New York

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

November 05, 2018 01:43PM

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]