205 Osborn Avenue

The Riverhead IDA accepted a revised application resetting the PILOT timeline for 205 Osborn and a tenancy application for a Hanover Bank branch on the ground floor of the building.

Developer John Paci III says construction is progressing at 205 Osborn, with ground-floor anchor tenant Hanover Bank in place, as he asks the IDA to extend a sales tax exemption and push PILOT to 2026.

Supervisor Hubbard calling the civic association forums 'inherently biased' is the 'height of hypocrisy,' writes Ron Hariri of Aquebogue.

A G2D investor who says he was defrauded in the company's "real estate ponzi scheme" is now suing company officers and its outside law firm claiming conflicts of interest and malpractice.

Investors in a stalled downtown Riverhead apartment building are committed to taking the project over the finish line without its troubled original developer, a lawyer for the investors said in an interview Monday.

The Riverhead IDA is now in contact with investors in G2D's two properties in downtown Riverhead, the agency said in a press release Thursday. RIDA said it expects both project to "make their full contribution to the town's development."

As the Riverhead IDA warns G2D Group about potential default in agreement with the agency, the Huntington developer's legal woes continue to grow.

The Riverhead Industrial Development Agency yesterday approved financial assistance for the developer of a 37-unit apartment building with street-level offices to be built at the corner of Osborn Avenue and Court Street.