Southampton buys Lobster Inn site for $8.45M

TRD New York /
Jul.July 30, 2018 12:40 PM

Two years after the site of Lobster Inn hit the market for $11.5 million, the town of Southampton laid down $8.45 million for the restaurant and marina. The town made the purchase through the Community Preservation Fund and Inlet Road Operations Corp, an affiliate of the Manna Ocean Foundation, Curbed reported. Town officials hope to preserve half the property as a public space and working marina, while allowing Inlet Road Operations Corp. to run an aquaculture farm and restaurant on the other half. David Donohue and Joe Peraino of Douglas Elliman handled the listing. [Curbed]


Related Articles

arrow_forward_ios

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

First hotel in decades could come to Babylon, waterfront Centre Island property gets $3M price cut & more Long Island real estate news

Nation’s first affordable housing development for LGBT seniors to open in Bay Shore, West Islip home with helipad hits the market & more Long Island real estate news

Jerry Wolkoff wants a new industrial building in Edgewood, former newspaper mogul’s Gold Coast mansion seeks $13M & more Long Island real estate news

Long Island’s hotel market could be headed for a downturn

Brookfield pitches $400M mixed-use project in Manhasset, Lake Success home from Whitney Houston film lists for $6.3M & more Long Island real estate news

Hamptons resi brokers remain resolute, despite a slumping luxury market

Arbor Realty CEO buys Bridgehampton’s Three Ponds Farm for $35M, Harry Macklowe’s East Hampton home lists for $21M & more Hamptons real estate news

arrow_forward_ios