Damianos was a principal and legal counsel for Smithtown-based Damianos Realty Group.
The three highest-priced home sales in Riverhead last month ranged from $460,000 to $525,000.
The selling price equates to about $473 per square foot.
There will be no shovels in the ground in the first half of this year.
The $75 million project would have brought 200 rental apartments two blocks from the Lynbrook LIRR station.
AvalonBay Communities is planning to build 172 apartments on the 11.6-acre property.
The three highest-priced home sales in Holtsville last month ranged from $429,000 to $498,000.
The new community will bring 268 apartments to 30 acres formerly owned by NYIT.
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico.
America’s Best Contacts & Eyeglasses’ new Freeport location follows recent openings in Carle Place and Elmont.