Stefan Soloviev has filed plans for a new conservation subdivision on the North Fork, aiming to further expand his presence in the region. The proposal, known as the Cole Harbor Conservation Subdivision, covers 148 acres across Mattituck and Cutchogue. According to reports from the Suffolk Times, the plan would cluster development along the Long Island Sound with 13 waterfront residential lots ranging from about 0.8 acres to just over three acres each.
The majority of the land would remain dedicated to agriculture, with an 87-acre conservation parcel and a small beach access lot included in the proposal. Access to the homes would be provided by a street extending from Oregon Road through preserved farmland.
Currently, approximately 124 acres of the property are used for farming. This approach aligns with Southold Town’s conservation subdivision rules adopted in 2006, which allow landowners to concentrate housing on part of their property while maintaining most of it as open space or farmland.
Cole Harbor is one of two major subdivision projects recently submitted by Soloviev’s Crossroads Atlantic LLC. Another project, called Colusa Conservation Subdivision, spans around 372 acres across Cutchogue and Peconic and proposes 47 residential lots while preserving about 267 acres for agricultural use. This larger project could generate significant value due to its scale.
Interest from wealthy buyers in North Fork real estate has increased in recent years. The area is viewed as a quieter alternative to the Hamptons and has attracted hedge fund executives and finance professionals seeking large waterfront properties and proximity to farmland. For example, Marc Rowan, CEO of Apollo Global Management, purchased a record-setting 103-acre East Marion property along the Sound for $23.5 million; much of that land is protected by easements held by Peconic Land Trust.
Soloviev’s strategy leverages local zoning laws designed to balance growth with preservation goals. As founder of Crossroads Atlantic and owner of an extensive agricultural business nationwide, he now controls more than 1,100 acres on the North Fork.
