Stefan Soloviev, son of New York real estate billionaire Sheldon Solow, just purchased a 53-acre winery in Cutchogue, NY. Soloviev, who changed his name to the original Russian Jewish name, is buying the Peconic Bay Winery in Cutchogue. The closing will take place this month.

Soloviev already owns 500,000 acres in Colorado, New Mexico and Kansas on which he grows crops, raises cattle, and even has a small railway, according to Jewish News Service. He also owns about 150 acres of planted vines on the North Fork, and a total of 1,000 acres in the region. He has not yet sold any wine, and reportedly is about “two or three years away” from producing wines available for sale.

Other wealthy landowners have purchased vineyards on the North Fork. Mexican mining mogul José Antonio Rivero Larrea bought Martha Clara Vineyards in Riverhead last year, and Randy Frankel, an ex-Goldman Sachs managing director and part owner of the Tampa Bay Rays purchased Croteaux Vineyards in July.