New Starbucks completes DRG’s reboot of Shirley center
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Long Island Business News - March 6, 2026
A new Starbucks that opened in the Floyd Harbor Center in Shirley last month, completed a multi-million reboot of the property by the Damianos Realty Group.
The 1,800-square-foot Starbucks opened on a newly built pad site at the 68,000-square-foot retail complex on 6.5 acres at 855 Montauk Highway, bringing the center to full occupancy.
Smithtown-based Damianos Realty Group (DRG) purchased the under-performing shopping center for $7.95 million in the summer of 2018 from its original developer, M. Parisi & Son Construction. At the time, the mostly vacant property at the corner of Montauk Highway and William Floyd Parkway had only two tenants, an Applebee’s restaurant and an AT&T store.
DRG embarked on a major renovation and repositioning of the property, investing about $5 million in improvements to the landscaping, signage and lighting, as well as constructing the pad site building for the new Starbucks, according to John Finn, DRG’s director of leasing and acquisitions.
Along the way, DRG attracted several new tenants, adding a 25,000-square-foot Aldi supermarket, a 17,000-square-foot Harbor Freight store, a 10,000-square-foot multispecialty Northwell Health medical practice, and a 3,800-square-foot Five Guys restaurant to the existing 6,800-square-foot Applebee’s and 4,000-square-foot AT&T store.
Besides the investment of capital, an expansion of the area’s wastewater system was instrumental in the Floyd Harbor project.
“We’re one of the first commercial properties to connect to the new Forge River Watershed Sewer Project,” Finn told LIBN.
Russel Helbling of Katz & Associates represented Starbucks, while Finn served as in-house representative for landlord DRG in the Shirley lease transaction that completed the property’s turnaround.
“We’re very pleased with the rich tenant mix of quality retailers that we were able to bring to the Shirley-area marketplace,” Finn said.
By: David Winzelberg