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    Home»Real Estate Analysis»Plans Come Into Focus for B2K’s Suffolk County Acquisition

    Plans Come Into Focus for B2K’s Suffolk County Acquisition

    Team_WorldEstateUSABy Team_WorldEstateUSAMarch 12, 2026No Comments2 Mins Read
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    A developer is making ready to construct plenty of buildings on the Flowerfield Fairgrounds within the Suffolk County hamlet of St. James, however critics aren’t prepared to surrender a battle over the positioning.

    B2K Growth is plotting to show the 49-acre website into medical places of work, an assisted residing facility and a resort, Newsday reported. The Jericho-based agency agreed to purchase the land over the summer season for $28.7 million, slicing off a piece of a 63-acre tract owned by former protection contractor Gyrodyne.

    The property is zoned for mild industrial use, however Gyrodyne beforehand referred to as for the precise makes use of B2K is pursuing for the positioning. One in all B2K’s core enterprise strains is the Bristol Assisted Dwelling chain.

    B2K intends to protect greater than 40 % of the property for open house. The agency nonetheless must file a subdivision software with the Smithtown planning board, a course of that features a listening to.

    That would give time to stoke the issues that stay for native residents and officers. Suffolk Legis. Steven Englebright stated the proposed improvement was “extreme and excessive,” calling for the county to disclaim tax breaks and a wastewater therapy system allow. He’s frightened the event might enhance flooding points and end in runoff polluting the Stony Brook Harbor.

    Suffolk County Government Edward Romaine additionally referred to as for the land’s preservation, however isn’t concerned within the allowing course of and vowed to not intervene.

    The state’s Division of Environmental Conservation beforehand expressed curiosity in shopping for the property for preservation, opening up one potential avenue if issues with B2K fail to proceed. The division stated in a press release that it “is constant discussions with the property proprietor and stakeholders on the potential for a future conservation final result.”

    B2K declined to remark to the publication.

    A number of years in the past, Head of the Harbor Village and native residents sued Gyrodyne and the City of Smithtown, trying to halt a preliminary proposal to subdivide the Flowerfield Fairgrounds into eight heaps.

    A decide dismissed the lawsuit after ruling Gyrodyne’s proposal aligned with zoning guidelines and the city’s complete plan, although a civic group appealed the ruling months later.

    — Holden Walter-Warner

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