Sotheby’s, Town & Country expand on the East End

In summer push, firms target Sag Harbor and Southampton

New York /
Jul.July 20, 2012 05:30 PM

For some, summertime in the Hamptons is all about relaxation. Not so for two of the East End’s biggest residential real estate brokerages. Town & Country Real Estate and Sotheby’s International Realty are in the process of expanding their office spaces.

Town & Country recently moved into a new 1,600-square-foot space in East Hampton that is connected to its current office at 52 Main Street, founder Judi Desiderio told The Real Deal.

Along with Desiderio’s office, the new digs will accommodate the firm’s marketing and IT executives, administrative staff, and eight agents, including six newcomers to the firm who have yet to be hired, she said.

Two months after construction started, Desiderio said her office was still strewn with ladders, and workers were finishing up the job. “I wanted them out of here by the Fourth of July, but this time of year, nothing works on schedule,” she said with a laugh.

In Southampton, Town & Country plans to open up a 2,000-square-foot building after outgrowing its current location at 50 Hampton Road. Construction is already underway, and the firm expects to move in late October or November, Desiderio said.

Meanwhile, on July 13, Sotheby’s International Realty popped Champagne corks to celebrate the expansion of its Sag Harbor office, which had previously housed marketing and administrative staff and operated as a satellite location for the firm’s Hamptons agents. Sotheby’s has additional East End locations in Southampton, East Hampton and Bridgehampton.

The full-fledged office at 7 Spring Street will house about five full-time agents, including a couple of future hires, said Debra Reece, manager of the Sotheby’s Bridgehampton office.

Interest in the Sag Harbor and North Haven markets started climbing recently, possibly because of the understated appeal of the area, Reece said. “We’ve had transactions in every price category there and are continuing to see a high degree of interest by customers,” she said.

Sag Harbor “has a lot of old world charm to it,” she added. “It has the benefit of its own waterfront and marina, restaurants and retail, but it also seems to offer quieter venues for people who are interested in a quieter spot.”


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
Kyle Barisich (iStock)

Break a leg: Broadway actor turns Hamptons broker

Break a leg: Broadway actor turns Hamptons broker
(iStock)

Evidence mounts that high-end sales powered pandemic market

Evidence mounts that high-end sales powered pandemic market
A new report finds that Hamptons prices skyrocketed as demand outpaced supply this year (iStock)

Report details Hamptons rental boom

Report details Hamptons rental boom
Sotheby’s CEO Charles Stewart and 1334 York Avenue (Sotheby's; Google Maps)

Sotheby’s gets $483M loan for its UES headquarters

Sotheby’s gets $483M loan for its UES headquarters
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman mulls listing Hamptons estate for $180M

Ron Perelman mulls listing Hamptons estate for $180M
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
32 Windmill Lane and Andrew Saunders (Realtor)

Hefty prices, robust sales: Hamptons market thrives in Q2

Hefty prices, robust sales: Hamptons market thrives in Q2
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...