News
Luminati Aerospace surrenders possession of Plant Six at Calverton Enterprise Park
Luminati Aerospace has agreed to surrender its portion of the Plant Six facility at EPCAL in settlement of an eviction proceeding for nonpayment of rent totaling more than $53,000 in arrears, according to court documents.
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Public hearing set on EPCAL subdivision
The proposed eight-lot subdivision of the town’s vacant land within the Calverton Enterprise Park will be the subject of a public hearing before the Riverhead Planning Board on May 2.
News
Question of developable land at EPCAL remains unanswered: lawyer
Riverhead is selling 1,643 acres of vacant land to a Triple Five affiliate for $40 million. How much can actually be built on won’t be known until long after the deal closes, the town’s legal counsel told the town board Thursday.
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Former town official is now representing Triple Five in EPCAL deal
Former Riverhead councilman and deputy supervisor Chris Kent — the ex-husband of Councilwoman Catherine Kent — has been retained by Triple Five, the company in contract to buy more than 1,600 acres of vacant land at the Calverton Enterprise Park.
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IDA grants nearly $4 million in financial assistance to Calverton manufacturer
After Island Exterior Fabricators declined a financial assistance package approved by the Riverhead Industrial Development Agency earlier this month, the board convened a special meeting Friday afternoon to increase its the property tax abatement offered by more than $1 million over 15 years.
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Court: Triple Five executive ‘intentionally defrauded’ buyer in N.J. real estate deal
Triple Five's director of business development Stuart Bienenstock provided a forged mortgage satisfaction document at a real estate closing, according to a N.J. court, which entered a $1.3 million judgment lodged against him in 2016. The trial court's decision was upheld last month by a New Jersey appellate court panel.
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EPCAL buyer extends contract ‘due diligence’ period for 90 days
The buyer's obligation to close on the $40 million deal isn't firm until its 'due diligence' opportunity is ended.
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Riverhead green-lights Triple Five land deal at EPCAL
A divided town board voted to proceed with the sale of approximately 1,643 acres of vacant land within the Calverton Enterprise Park to a company controlled by Canadian-based developer Triple Five Worldwide.
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Ethics board decision ‘a free pass’ for Giglio, says coalition that filed complaint
“The board basically excused misbehavior by narrowing its focus and did not respond to the core of our complaint," according to civic coalition that filed the complaint, which Councilwoman Jodi Giglio said had "no basis — no facts, no nothing to back it up."
News
Is CAT ‘qualified and eligible’? Town board sets vote on $40 million land sale
The Riverhead Town Board will vote on the Calverton Aviation and Technology “qualified and eligible sponsor” application on Wednesday evening, Nov. 7 at a special meeting to be convened at 6 p.m.