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Calverton Enterprise Park

Triple Five affiliate hoped to have its application for IDA benefits approved by now, but it’s not clear the agency’s vetting...

Calverton Aviation & Technology's attorney said in September his client hoped to gain approval from the IDA by the end of 2022 or early in 2023. Five months later, it's not clear whether the IDA's vetting process has even begun.

Triple Five’s New Jersey mall slapped with $389 million lawsuit claiming construction loan default

Construction loan creditors have sued a Triple Five affiliate to collect $389 million on a defaulted loan agreement. The debt was one piece of $1.7 billion in private construction financing for the American Dream mall in New Jersey.

Town board wrap-up: Downtown development, paintball at EPCAL, more

Here's a rundown of actions taken at the Feb. 7 Riverhead Town Board meeting: approvals for two five-story buildings downtown, agreement for paintball at the Calverton Enterprise Park, hearings set on codes aimed at making downtown more family-friendly and more.

Daniel Preston, an owner of company with stake in Calverton land deal with town, dies at 52

Luminati Aerospace owner Daniel Preston, 52, died at his home in Little Falls, New York on Thursday, Jan. 12. Luminati is part owner of a join venture with Triple Five called Calverton Aviation & Technology, which is in a $40 million land deal with the Town of Riverhead.

Riverhead IDA’s law firm, representing companies suing Triple Five affiliate, says company is ‘sham vehicle’ used by principals to dodge liability

Riverhead IDA's own legal counsel in federal court filings accuses Triple Five principals, including two men involved in the Calverton land deal, of using a shell company with no assets and no records to dodge personal liability.

Riverhead reviewing applications for new warehousing, manufacturing buildings at EPCAL

Eastern Fence is proposing a 60,000-square-foot building on Scott Avenue where it will fabricate PVC fencing using material manufactured at its existing facility in the park. Hildreth Real Estate Advisors is proposing a 70,000-square-foot warehouse on an adjacent site.

Race car jumps barrier, overturns at Calverton drag racing event, injuring driver

The modified Mustang was going 75-80 mph when the driver lost control and crashed into the concrete barrier, jumping the wall and overturning. He was airlifted to Stony Brook with non-life-threatening injuries.

The Planning Board is right. Riverhead must hit the brake on development while comp plan is updated.

The proliferation of massive warehousing and logistics buildings proposed in Calverton alone can forever change our town's landscape. With development, there are no do-overs.

Town approves 14 drag racing events in Calverton next year, subject to pending sale of site

Plans for 14 drag racing events at the Calverton Enterprise Park next year gained special event approvals from the Riverhead Town Board Tuesday night.

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

The Calverton Enterprise Park will fill the need for a regional air cargo logistics hub on Long Island, representatives of Calverton Agency & Technology told the Riverhead IDA in a presentation last night.