Featured Story
02/22/18 6:01am
02/22/2018 6:01 AM

TIM GANNON PHOTO<br /> sPower, which owns this solar farm on Edwards Avenue, is seeking to buy 1,640 acres at EPCAL

Sustainable Property Holdings LLC — best known as sPower — has withdrawn its lawsuit against Riverhead Town and Calverton Aviation & Technology, saying that the latter admitted in a court document that the 2017 letter of intent between the town and Luminati Aerospace was no longer valid. READ

Featured Story
12/23/17 6:00am
12/23/2017 6:00 AM

As 2017 came to an end, a split Riverhead Town Board voted to hold a “qualified and eligible sponsor” hearing on Luminati Aerospace and its new partner, Triple Five Ventures Co. LLC, on Jan. 17, 2018. The hearing is meant to demonstrate whether the company has the financial wherewithal to carry out its proposed $40 million, 1,604-acre purchase from the town, in order to do aviation manufacturing.  read

Featured Story
09/14/17 4:56pm
09/14/2017 4:56 PM

Luminati unveiled one of its aircraft at an open house several years ago.

Riverhead Town officials met Monday with John Catsimatidis, the billionaire CEO of New York City-based United Refining Energy Corp, to discuss the proposed deal between his company and Luminati Aerospace, which is seeking to purchase about 1,600 acres of land at Enterprise Park at Calverton. READ

Featured Story
07/06/17 12:11pm
07/06/2017 12:11 PM

Daniel Preston, the CEO of Luminati Aerospace, the firm looking to restart the aerospace industry by purchasing Riverhead Town-owned land at the Enterprise Park at Calverton, was the subject of a lawsuit in 2009 over an alleged job offer from a company offering Mr. Preston a far higher salary than he was being paid at the company he helped create, Atair Aerospace, according to court documents.

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