Southampton buys Lobster Inn site for $8.45M

TRD New York /
Jul.July 31, 2018 02:57 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

Real estate bigwigs get into fistfight at Hamptons hotspot

Bravo reality star fights to keep Wainscott home from foreclosure, NYC developer brings a bookstore back to Sag Harbor & more Hamptons real estate news

An inside look at the Hamptons’ new hotspots this summer

Bridgehampton compound sells to Arbor Realty Trust CEO at a $14M discount

The Hamptons hotel hopscotch

Hamptons Cheat Sheet: Developer halts auction of 236 Suffolk properties, Chris Cuomo’s Southampton home finds buyer … & more

‘The Mooch’ buys in Manhasset, Christie Brinkley sells in Sag Harbor and more Hamptons & Long Island real estate news

Helmut Lang’s East Hampton compound could fetch $100M, Esprit founder unloads Sag Harbor home & more East End real estate news

arrow_forward_ios