Private jets are getting a lot more room to stretch their wings at Republic Airport. On Feb. 26, 2026, SomeraRoad’s aviation arm announced it has acquired more than 50 acres at Farmingdale’s Republic Airport to build new private-jet hangars serving the New York metro area. The purchase covers parcels tied to the Republic Jet Center and a long-planned Stratosphere development, and the firm says the project will add modern, large-jet capacity in a market where space is already tight. The move expands SR Aviation Infrastructure’s footprint as the company pushes into one of the nation’s most supply-constrained business-aviation markets.
According to a press release via SomeraRoad, SR Aviation Infrastructure (SRAI) has closed on Republic Jet Center and Stratosphere Development at Farmingdale Republic Airport (FRG). The company describes the site as "over 50 acres" of developable land and says it will complete already approved plans for a new hangar facility. The multi-phase project is slated to feature modern amenities and 28-foot hangar door heights that can take today’s largest business jets, a detail SRAI made a point of emphasizing in its announcement.
SRAI calls Farmingdale a significant expansion for its platform and says the deal deepens a national portfolio that already includes aviation assets in Las Vegas, San Antonio and Bozeman. The company’s description of its platform and portfolio appears on the SRAI website and in the firm’s materials laying out its strategy to invest in hangar and FBO infrastructure.
Republic Jet Center had already teed up construction plans before the sale. Last November, it announced a major expansion at FRG that included a new 30,000-square-foot hangar and roughly 100,000 square feet of additional hangar and FBO space under a broader campus plan. Republic Jet Center said work was already underway and expected to be completed in 2026, a buildout SRAI now intends to advance.
Why Farmingdale Matters
SomeraRoad and SRAI have framed Farmingdale as a kind of pressure-release valve for the crowded New York-area business-aviation scene. The company says the airport can help absorb traffic and based aircraft that have limited hangar options at heavily used fields such as Teterboro and Westchester County. In its public pitch, SRAI casts the Farmingdale parcels as a rare shot at new construction in a market with very limited greenfield hangar availability.
Hangars In High Demand
Industry coverage has been backing up that narrative. Larger, newer business jets and growing corporate flight activity have pushed hangar demand across the New York market, while pilots and operators have reported full ramps and scarce overnight space at major business hubs. AvBuyer and other trade outlets have noted that airports dedicated to private aviation frequently run at or near capacity, which in turn drives interest in secondary sites such as Farmingdale.
What Comes Next
SRAI says it plans to move ahead with the already approved development plans and bring purpose-built hangars to market, but the company did not provide a specific construction timetable in its announcement. That lack of firm dates lines up with earlier public materials about the site and the FBO expansion, which pointed to near-term construction while leaving concrete delivery timing dependent on permitting and buildout steps, as noted in reporting on the transaction. Connect Money has summarized the company’s statement and national strategy.
For local planners and aviation users, SRAI’s purchase will be one to watch. If the project lands as advertised, the new hangars could ease operational pressure for business aviation on Long Island and across the broader New York metro area, while adding another institutional owner to the region’s aviation real estate market.
