Triple Five Executive Vice President Margaret Blakey, Chairman Nader Ghermezian and CAT principal Justin Ghermezian at the Sept.21, 2022 Riverhead Industrial Development Agency meeting. Photo; Denise Civiletti
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With Calverton Aviation & Technology set to hold a public forum on its plans for the Calverton Enterprise Park Wednesday evening at the Hotel Indigo in Riverhead, we thought this a good time to provide a timeline of milestones in the history of the deal, now in its seventh year.

Calverton Aviation & Technology was first introduced to the public in December 2017, when Luminati Aerospace announced it would partner with Triple Five Ventures Co. to purchase and redevelop the Enterprise Park at Calverton.

Riverhead Town had signed a letter of intent with Luminati Aerospace in April 2017. In that document, the town agreed to sell most of its remaining acreage at the enterprise park — the former Northrop-Grumman plant — to Luminati Aerospace for $40 million, subject to the negotiation of a “definitive agreement” between the parties. 

Below are links, presented in chronological order, to articles reporting on major events relating to the proposed sale to Calverton Aviation & Technology, a joint venture of a Triple Five subsidiary and Luminati Aerospace. Also included are a videos of: CAT’s presentation at a March 7, 2018 Riverhead Chamber of Commerce event where Triple Five chairman Nader Ghermezian and other CAT representatives discussed the proposed development at EPCAL; and CAT’s presentation to the Riverhead Industrial Development Agency at its Sept. 21, 2022 meeting.

Dec. 12, 2017

Luminati has a new partner: mega-mall developers Ghermezian brothers

Dec. 18, 2017

Civic coalitions to urge ‘lame duck’ town board to delay action on EPCAL sale

Dec. 20, 2017

Despite onslaught of criticism, split board sets hearing on proposed EPCAL sale

Dec. 29, 2017

EPCAL sale contract made public in advance of next month’s hearing

Feb. 27, 2018

Luminati founder Preston skips ‘qualified and eligible sponsor’ hearing

March 7, 2018: CAT’s presentation at Riverhead Chamber event

March 17, 2018

After four-hour meeting with Triple Five in NYC, Giglio reconsidering EPCAL proposal

March 18, 2018

Town releases documents from EPCAL buyer in advance of Monday Q&E hearing

March 20, 2018

Tech and aviation companies, from Maglev to space rocket developers, say they want to work at EPCAL during hearing

April 5, 2018

Giglio defends private meeting with Triple Five reps without town board’s knowledge

May 24, 2018

Tempers flare on town board over Triple Five’s financial disclosure in EPCAL deal

July 17, 2018

Tim Hubbard has a change of heart: Triple Five will be required to make financial disclosure before Q&E decision

July 26, 2018

Town board mulls extending deadline on Triple Five financial disclosure decision

Aug. 17, 2018

‘We have taken the entire board’s concerns to heart’ — A look at Triple Five’s latest document submission

Nov. 8, 2018

Riverhead green-lights Triple Five land deal at EPCAL

May 16, 2019

EPCAL contract of sale finalized

June 20, 2019

EPCAL subdivision gains preliminary approval from planning board

June 25, 2019

Triple Five maps show 10 million sq. ft. of development along both EPCAL runways

Aug. 1, 2019

Buyer in Calverton land deal sketches out vision of ‘Silicon Valley of the east’

Jan. 22, 2020

With clock ticking on contract deadline, fate of EPCAL subdivision rests with N.Y. State DEC

April 16, 2020

Supervisor, lawyers submit response to DEC’s ‘notice of incomplete application’ on EPCAL subdivision, without review by board

April 20, 2020

Riverhead Town will release documents submitted to State DEC for EPCAL permit

April 28, 2020

Triple Five agrees to provide more financial documents in EPCAL land deal

May 20, 2020

Coalition calls on town officials to pull the plug on Triple Five land deal

Nov. 24, 2020

State DEC: Riverhead’s EPCAL subdivision application still incomplete

March 30, 2021

Riverhead sues State DEC over water supply issue, permit delay at former Grumman site

June 10, 2021

Triple Five looks to reassure Riverhead officials on Calverton land deal

Oct. 27, 2021

Court dismisses Riverhead’s suit against DEC over EPCAL subdivision, water issues

Feb. 10, 2022

Riverhead unveils a new path forward to close EPCAL land deal with Triple Five

Sept. 21, 2022: Calverton Aviation & Technology’s presentation to the Riverhead IDA

Sept. 22, 2022

Air cargo logistics hub in Calverton planned by Triple Five affiliate to enhance package delivery services on Long Island

Oct. 11, 2022

EPCAL buyer says it has ‘absolutely no plans’ for air freight ‘cargo terminal’ in Calverton, as Aguiar cautions public against ‘panic’

March 29, 2023

Riverhead IDA provides update on vetting process of purchaser in $40 million Calverton land deal

April 24, 2023

Buyer in EPCAL land deal will present plans at public forum May 3 at Hotel Indigo, Riverhead Industrial Development Agency announces

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