Developers have started to slowly get back to work, and home sales are
rDevelopers have started to slowly to get back to work, and home sales are rebounding in Bridgehampton, as home builders adjust to the economy, which was hit hard by the financial crisis, the Wall Street Journal reported. Prices for homes and vacant land in Bridgehampton are also on the rise, according to real estate experts.

Home builder Joe Farrell of Farrell Building Company is building about 25 to 30 smaller homes a year. and is selling many of them about half the price of the large homes he built pre-recession, focusing on Bridgehampton and neighboring Sagaponack. [more]

Robert Futterman

Robert Futterman, founder, chairman and CEO of Robert K. Futterman & Associates, was charged with driving while intoxicated in Bridgehampton Saturday night, Newsday reported. The crime is classified as a felony under a law passed in New York State that imposes tougher sanctions on intoxicated drivers who have children in the car.

The police report had Futterman “failing to maintain his travel line” while driving southbound on Sag Harbor Turnpike at 10:27 p.m. Saturday, with four children in the vehicle under the age of 16. In April, Futterman told the The Real Deal that he had two children, ages 18 and 16. Futterman was also charged with four counts of endangering the welfare of a child.

It’s not the first time high-producing real estate agents have been arrested for DWI on the East End. [more]

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The New York Supreme Court has opted not to enact injunctions against
two Hamptons homes that residents say are party houses, the
Southampton Patch reported. Both houses have numerous code enforcement
violations that need to be addressed by the end of the week, said Tiffany Scarlato, an attorney for the town. The first home is at 1432 Scuttle Hole
Road in Bridgehampton, and was reportedly rented by Gilt City for
parties, classes and other events for which the company would charge admission. The second house is at 2136 Deerfield Road in Noyac, and has also
received numerous complaints from neighbors and visits from code
enforcement. Gilt City was prevented from moving into East Hampton
Village by the village board. Resident Mark Humphrey, who lives across
the street from the Deerfield Road property, said he has called the
police at least seven times this summer in the middle of the night to
complain about noise from large parties.“One time I couldn’t even find
my driveway,” he said. Scarlato said that in spite of the injunction,
the town would continue to monitor the houses. [Patch] [more]

Hamptons A-listers will be happy to know that Almond, the Parisian bistro and celebrity hangout that closed in December, will reopen at 1 Ocean Road in Bridgehampton, according to the New York Times. Almond opened in Bridgehampton at 1970 Montauk Highway in 2001 but, as The Real Deal reported, that location closed in December when lease negotiations stalled, and the property hit the market for $3.15 million. The only remaining location is in a Jeffrey Chodorow-owned space at 12 East 22nd Street that opened in 2008. [NYT]

Kelsey Grammer and the Bridgehampton home he recently sold

Former “Fraiser” star and newlywed Kelsey Grammer has found a buyer for his 7,500-square-foot Bridgehampton mansion, according to the New York Post. The undisclosed buyer paid the property’s full $9.95 million asking price. Although this recent property sale leaves Grammer without a Hamptons hideaway for the time being, the actor said he’s considering buying another East End home in the future. As for rumors that Grammer was planning to buy a Plaza pad? Totally false, said Grammer, who bought a $7.52 million, 3,000-square-foot apartment in Jean Nouvel’s 100 11th Avenue condominium last November. [more]

A home developed by David Wine, former vice chairman of Related Companies, has received the American Institute of Architects’ top prize for Long Island residential projects. The award, handed out by AIA’s Long Island chapter, honored the home at 55 Dune Road for its “design excellence.” The 3,800-square-foot Bridgehampton house, designed by Stelle Architects and developed by Oliver’s Company, which Wine founded earlier this year, includes beachfront views and an 800-square-foot pool house. The four-bedroom, four-and-a-half-bathroom home, which Wine describes as the “anti-McMansion,” sold recently for $14.25 million. TRD

Prudential Douglas Elliman’s Lori Barbaria and the $19 million Bridgehampton house

A Francis Fleetwood-designed oceanfront residence in Bridgehampton is now listed for $19 million, after slashing $1 million off its $20 million asking price, Curbed reported. The property — which boasts 2.6 acres, including 300 feet of beachfront property — has been on the market since June 2009, when it was originally listed for $22 million. The five-bedroom, six-and-a-half-bathroom house on Dune Road is being marketed by Lori Barbaria of Prudential Douglas Elliman. Amenities include a pool, master fireplace, two terraces and a three-car garage. [Curbed]

[more]

228 Surfside Drive

A 13,000-square-foot house at 228 Surfside Drive in Bridgehampton –
one of the few spec houses built on the East End of Long Island in 2009
– has gone into contract, according to Curbed. The almost-oceanfront
home was originally listed for $15 million when it hit the market in
June 2009, before climbing to $16 million by August 2009, and then
dropping to its latest listing price of $13 million in April of this
year. Although it’s not immediately clear how much the house went into
contract for, the listing — which was marketed by Prudential Douglas
Elliman — had been built on land purchased for $4.7 million in 2008.
The nine-bedroom, 10.5-bathroom home includes a wet bar, wine cellar
and a putting green. [Curbed]

[more]

While David Walentas, owner of Two Trees Management and de facto baron of Dumbo, may spend his fair share of time in Brooklyn, the property owner has made his mark out east, as well. Walentas’ Bridgehampton farm is home to the annual Mercedes-Benz Polo Challenge — and, with an asking price of $95 million, is among the priciest Hamptons listings around. The 115-acre property, which has languished on the market for 21 months, was on display for the New York Observer, which provided a peek inside the lavish property. The farm, which includes a lap pool and equine facilities , includes some of Walentas’ more outlandish decor ideas, including a moose head he’s named “Moosilini.” [NYO]

[more]

While David Walentas, owner of Two Trees Management and de facto baron of Dumbo, may spend his fair share of time in Brooklyn, the property owner has made his mark out east, as well. Walentas’ Bridgehampton farm is home to the annual Mercedes-Benz Polo Challenge — and, with an asking price of $95 million, is among the priciest Hamptons listings around. The 115-acre property, which has languished on the market for 21 months, was on display for the New York Observer, which provided a peek inside the lavish property. The farm, which includes a lap pool and equine facilities , includes some of Walentas’ more outlandish decor ideas, including a moose head he’s named “Moosilini.” [NYO]

[more]