The Real Deal New York

Hamptons Cheat Sheet: Elliman sues hedge fund bro, East Hampton’s paddleboard existentialism … & more

October 05, 2016 05:40PM
By Cathaleen Chen

Guy de Chimay, 34 Hedges Banks Drive in East Hampton and Alec Baldwin playing a piano (Inset courtesy of NBC)

Guy de Chimay, 34 Hedges Banks Drive in East Hampton and Alec Baldwin playing a piano (credit: NBC)

Douglas Elliman sues disgraced hedge funder for unpaid commission

This is what happens when you dine and dash. Douglas Elliman is suing Guy de Chimay, a former hedge manager convicted of running a Ponzi scheme, claiming the financier skipped out on the 6 percent commission fee after the brokerage helped sell his East Hampton house. Filed in Suffolk County Supreme Court, Elliman’s lawsuit claims it received the exclusive listing for the 4,400-square-foot home at 34 Hedges Banks in May 2014. In January 2015, the property sold for an undisclosed amount to Hampton Dream Properties, an LLC that specializes in foreclosed homes. But Elliman never saw a commission, the lawsuit states.  [TRD]

Popular East Hampton dine-and-wine spot hits market for $3.5M

The $700 per-square-foot price tag may seem steep, but the building at 44 Three Mile Harbor Road has a rare blessing: It’s one of South Fork’s only venues where one can legally get tipsy. The 5,000-square-foot storefront has housed more than a handful of restaurants and clubs over the years, as Curbed reported, including its current tenant, Leo nightclub and Cafe de La Musique restaurant. Past eateries include Pink Elephant, Kobe Beach Club, NV Tsunami and Le Flirt. Robert Kohr and Lori Macgarva of Douglas Elliman TRData LogoTINY have the listing. The space can seat 100 customers for a sit-down meal, and there’s room to hold 300 people in the lounge. But if a prospective buyer wants even more elbow room, there’s a potential for expanding the structure to 10,000 square feet, marketing materials claim. [Curbed]

Southampton to consider large affordable housing complex in Speonk

Southampton residents will get a chance to weigh in Thursday on the Speonk Commons development, which calls for six affordable housing apartment buildings on the west side of North Phillips Avenue, 27East reported. Pitched by the Jericho-based Georgica Green Ventures LLC, the complex will require a zone change from residential and commercial mix to multifamily residential. The project already has the approval of the Southampton Housing Authority and when complete, rents would range from $930 per month for a studio to $1,750 for a two-bedroom unit. [27East]

Brooklyn Nets coach scores Westhampton house for $2M

It’s a little bit of Brooklyn by way of the Long Island Expressway. The Nets’ new coach Kenny Atkinson just bought a home on Edgewood Road in Quogue with his wife Laura for $2 million, according to 27East. The traditional-style cottage, sitting on a half-acre lot, has four bedrooms and 3.5 bathrooms. Atkinson, a Long Island native, was tapped to be the head coach of the Nets in April after a stint with the Atlanta Hawks. [27East]

Are paddleboards boats and is yoga allowed at the marinas? East Hampton ponders

Ah, life’s big questions. The East Hampton Town Zoning Board of Appeals is taking up a new case filed by paddleboard guru Gina Bradley. Her storefront, Paddle Diva, was denied a permit to convert a former office into a retail store. In her appeal last month to the board, her attorney argued that paddleboards are essentially no different than boats (legally, that is) and deserve a place at the Shagwong Marina, the East Hampton Star reported. As for the yoga lessons that Bradley also offers at her store, she promised to take them off the calendar. “I don’t want to become the behemoth paddleboard business of the East,” she said. But some of her neighbors are skeptical. Rose Grau, who owns two parcels adjacent to the marina, said Bradley’s storefront violates permitted uses at the marina. “She has erected a 20-foot flagpole and offers soft drinks,” Grau said. The board has 62 days to consult its favorite philosophers and reach a decision on the appeal. [EHS]

The Springs School has no more space, not even for Alec Baldwin’s baby grand

As the community continues to mull the painful details of a possible expansion, conditions grow worse inside the school at 48 School Street. It’s gotten so bad, according to East Hampton Star, that when Alec Baldwin donated a baby grand piano to the school, administrators had no choice but to auction it off because there was simply no room for it. Some other highlights: The art room is so packed that teachers have resorted to storing materials on mobile carts and pushing them around from class to class. Certain classrooms have been divided into three smaller rooms with Sheetrock walls, some with no windows and no direct door access. And staff member have taken on their own sacrifices — the school psychologist, for instance, is working out of a closet and the social worker’s office used to be a foyer. [EHS]

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