Bay Street Theater buys Sag Harbor shops for new home

22 Long Island Avenue (Douglas Elliman)
22 Long Island Avenue (Douglas Elliman)

Bay Street Theater has confirmed it purchased the 15,000-square-foot Water Street Shops property on Long Island Avenue in Sag Harbor, according to the East Hampton Press.

The property hit the market in July for $13.9 million, but the purchase price is not known. It has eight retail units.

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Bay Street Theater officials said they to break ground on a new facility there by mid-2021. It would include “multiple theaters… [and] additional fixed and flexible spaces.”

Bay Street Theater has rented property at Long Wharf since 1991. [East Hampton Press] — Dennis Lynch