Business

Downtown Riverhead is one of two federally designated opportunity zones in the Town of Riverhead. The other is in Calverton, including the Calverton Enterprise Park. The zones allow investors to defer or altogether avoid capital gains taxes, providing an incentive to invest in designated areas.

Riverhead’s indoor farmers market opened for the season today, featuring more than 40 vendors of locally sourced produce, dairy products, poultry, meats, wines, baked goods and artisan wares.

Northwell Health’s Peconic Bay Medical Center received five-star ratings in multiple medical and surgical services as well as recognition for excellence in total joint replacement surgery, according to the Healthgrades’ “2020 Report to the Nation.”

The Riverhead Farmers Market will open Saturday under new management, with a fresh new look and 42 vendors, including several newcomers.

North Fork Chocolate Company is in danger of losing their store in Aquebogue. They have until Dec. 31 to get $1.25 million to buy their building.

In 20 years of offering a car as a hole-in-one prize at golf outings at least 10 times a year, Riverhead GMC never had a golfer sink the ball into the cup with one swing — until this summer.

The 3.8-acre site was sold for nearly $4.7 million to a subsidiary of the Liverpool, New York-based furniture retailer.

The Riverhead Town Police Athletic League received a $670 donation from the National Automobile Dealers Association Foundation, thanks to association ambassador Bill Fields, general manager of Apple Honda in Riverhead.

The small-batch distillery will produce bourbon, vodka, gin and rum at the 3,800-square-foot space on Second Street, where it will also site a tasting room.

John King has relocated Grapes and Greens to Bohemia and sold his food service company. Riverhead Ciderhouse will continue in operation at its present site on Sound Avenue.