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

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

Dec. 18, 2017

Dec. 20, 2017

Dec. 29, 2017

Feb. 27, 2018

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

March 17, 2018

March 18, 2018

March 20, 2018

April 5, 2018

May 24, 2018

July 17, 2018

July 26, 2018

Aug. 17, 2018

Nov. 8, 2018

May 16, 2019

June 20, 2019

June 25, 2019

Aug. 1, 2019

Jan. 22, 2020

April 16, 2020

April 20, 2020

April 28, 2020

May 20, 2020

Nov. 24, 2020

March 30, 2021

June 10, 2021

Oct. 27, 2021

Feb. 10, 2022

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

Sept. 22, 2022

Oct. 11, 2022

March 29, 2023

April 24, 2023

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