Southampton closes waterfront parcel deal with developer Jay Bialsky

Prominent Hamptons developer Jay Bialsky and officials with the Town of Southampton’s Community Preservation Fund have closed on the $10.5 million sale of a parcel on Sag Harbor’s waterfront, according to 27east. The property is at 1,3, 5 Ferry Road. Sag Harbor officials will manage the property as part of a proposed waterfront park. The park will be named after the author John Steinbeck, who lived in Sag Harbor. The parcel once held the Remkus fishing station and the John Ward professional building. Southampton officials signed Bialsky’s sale contract in May 2018. Bialsky has also been waiting for village officials to give him a permit to begin building a three-unit, 26,077-square-foot condominium project on 2 West Water Street, which is beside the parcel he sold the town. The village’s Zoning Board of Appeals and the Sag Harbor Planning Board have both approved aspects of the project. Village officials said they planned to issue the building permit soon. The Water Street property once held a motel that was converted into condos until it hosted the private home of 1-800-LAWYER founder Bruce Davis, who died last year. Bialsky demolished the structure a month ago. [27east]