Rosenstein’s “Sahara”-like sand pile infuriates East Hampton neighbors

Hedge fund partner digging foundation at 2014's priciest home 

New York /
Aug.August 11, 2015 11:10 AM

Barry Rosenstein isn’t just good at piling up money, he’s pretty good with sand too.

The billionaire hedge funder has raised a massive sand dune on his East Hampton estate, angering his neighbors in the exclusive enclave, the New York Post reported.

Rosenstein, co-manager at Jana Partners, bought the 18-acre beachfront parcel at 60 Further Lane last year for $147 million, the country’s most expensive home purchase at the time.

The sand pile was amassed in the process of excavating in order to build a new foundation.

“Barry Rosenstein’s sand mountain looms up above the trees and fills the horizon. As you face the sea, it looks like the Sahara,” a poetic neighbor told the Post.

Rosenstein Owns Another Hamptons Home Off Lily Park Lane and an apartment at 15 Central Park West. [NYP]Ariel Stulberg


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Joe Sitt and Charles Scribner’s Sons Building in Midtown (Thor, Google Maps)

Thor’s $150M loan on 597 Fifth heads to special servicing

Thor’s $150M loan on 597 Fifth heads to special servicing
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman)

Steve Witkoff buys waterfront Miami Beach lot for $8M

Steve Witkoff buys waterfront Miami Beach lot for $8M
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Compass CEO Robert Reffkin (Getty; iStock)

Compass eyes IPO in 2021

Compass eyes IPO in 2021
arrow_forward_ios

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

Loading...