The real estate investment and development firm SR Aviation Infrastructure announced the acquisition of Republic Jet Center and Stratosphere Development at Farmingdale Republic Airport (FRG) encompassing over 50 acres of developable land.

The company says the multi-phase development will deliver a best-in-class hangar facility with modern amenities and 28-foot hangar door heights designed to accommodate private jets, improving operational efficiency and raising the standard for private aviation infrastructure at the airport and across the region.

"Farmingdale represents a significant growth milestone for SRAI and marks the expansion of our national portfolio into one of the country's most dynamic private aviation markets," said Jonathon Reeser, President of SRAI. "This project reflects our commitment to acquiring and developing best-in-class hangar facilities at strategically located airports nationwide. Farmingdale is one of the most important private aviation airports in the New York metro area and represents a pivotal step in SRAI's continued growth and leadership in the general aviation infrastructure sector."

News 12 has reached out to the New York State Department of Transportation for comment on the development of Republic Airport, and is waiting to hear back.