The Real Deal New York

Hamptons Cheat Sheet: TRD digs into the Hamptons’ biggest commercial projects, AmEx gets kicked out of Grey Gardens … & more

By Cathaleen Chen | July 05, 2017 05:37PM

Groundbreaking of Hampton Business Park at 200 Rogers Way and Grey Gardens at 3 West End Road

What are the Hamptons’ biggest commercial projects?
The Hamptons may be traditionally wary of development, but that hasn’t kept dogged developers away. In The Real Deal’s roundup of the most anticipated projects of the Hamptons, Rechler Equity Partners’ $100 million Hampton Business Park in Westhampton takes the cake. When complete, the campus will include nine buildings totaling 440,000 square feet of commercial and industrial space. Meanwhile in Southampton, developer Renaissance Downtowns wants to revitalize the neighborhood of Riverside with a 2,267-unit housing project with nearly 200,000 square feet of commercial and retail space. Check out TRD’s full list here. [TRD]

Leave home without it: AmEx is not welcome at Grey Gardens, East Hampton officials say
Well, that was fast. Barely a week after news broke that American Express was leasing Grey Gardens for the summer, the credit card company got the boot from village officials. East Hampton’s zoning code does not allow private residences to be used for commercial purposes, a village administrator told the New York Post. Officials first heard of the problem from a newspaper ad for AmEx’s first event at the famed estate owned by Washington Post reporter Sally Quinn. [NYP]

Home of late literary agent is re-listed for $10M+
Here’s something worth writing about. The beach cottage of Rosalind “Roz” Cole, an agent to the likes of Andy Warhol and Charlie Chaplin, Jr., is now on the market for $10.25 million, the New York Post reported. It was first listed for sale in March for $9.9 million. The 1,200-square-foot spread contains two bedrooms and two bathrooms. The home has approved plans to tear down the structure and rebuild a 6,700-square-foot structure complete with a saline swimming pool on the waterfront side of the property. Douglas Elliman’s Carol Nobbs has the listing. [NYP]

Lady Gaga looks for new digs in Montauk
What’s the cure for summer heat? A summer hideaway in the Hamptons, apparently. Lady Gaga is reportedly house-hunting in the South Fork this week, having been spotted at Gurney’s Residences in Montauk with her boyfriend Christian Carino. The pair toured a $5.9 million oceanfront home with three bedrooms, according to the New York Post. Gurney’s, at 290 Old Montauk Highway, is a luxury resort that features 12 residences that opened for sale May 2016. [LLNYC]

Sag Harbor Cinema fell $1.5M short of goal, but will continue to solicit donations
Despite the efforts of celebrity donors like Billy Joel and Martin Scorsese, the Sag Harbor Cinema restoration project fell $1.5 million short of its $6 million fundraising goal. But fundraising efforts will continue, according to the Sag Harbor Express. Originally, the partnership behind the $8 million project agreed to refund all donations if the $6 million goal was not met by July 1, but those plans were scrapped this week. Gerald Mallow, owner of the Main Street cinema that was ravaged by a December fire, received a $1 million down payment on the project on Wednesday. [SHE]