Rosenstein Will Pay To Relocate Dominy Shops in East Hampton - 27 East

Real Estate News

Real Estate News / 1408921

Rosenstein Will Pay To Relocate Dominy Shops in East Hampton

author on Oct 24, 2015

Hedge fund manager Barry Rosenstein is getting closer to building his dream home on Further Lane in East Hampton.

The tycoon and the East Hampton Village Board recently agreed that he will pay for a two-part relocation of the historic Dominy woodworking shop and clock shop from his $147 million property. He will also donate $300,000, which will go toward restoring the timber-frame buildings.

The buildings will be moved to the Mulford Farm and then eventually to North Main Street, both in the village.

Attorney Leonard Ackerman, representing Mr. Rosenstein, updated the Design Review Board on the agreement with the village on Wednesday, October 21.

This is a project, personally, that I've been involved with for almost 25 years, because I represented a succession of owners who promised, promised, promised—and this one delivered," said Mr. Ackerman about his client paying for the relocation.

Mr. Ackerman was also seeking a "certificate of appropriateness" from the board so that Mr. Rosenstein can build a new accessory structure once the Dominy shops are moved.

In 2013, the village adopted its Timber-Frame Landmark program, which preserves timber-framed houses located outside historical districts. Owners of buildings designated as landmarks have to get a certificate of appropriateness from the Design Review Board before they can make changes to them.

The board approved the certificate and will issue it in two weeks. Once obtained, the move, and subsequent building on the property, will commence.

"It's going to take about six to eight weeks to prepare the move," the village's director of historic services, Robert Hefner, told the DRB.

Eventually, Mr. Ackerman will ask the Village Board to remove the timber-frame designation from the property.

Mr. Rosenstein broke real estate records in May 2014 when he purchased the 16-acre property for $147 million. The estate is a combination of three separate lots: 60, 62 and 64 Further Lane.

According to public records, the investor plans to build a 16,300-square-foot mansion with a theater and projection room, walk-in freezer, staff lounge and two wine rooms. There will also be a bar off the living room, a space for yoga and an outside area known as “Barry’s terrace.” A pool house will complement a reflecting pool as well as an 82-foot lap pool.

Christopher Browne, of Tweedy, Browne, a New York investment firm, had owned the property until his death in December 2009. The estate went to his partner, Andrew Gordon, who died in September 2013. It apparently reverted to Mr. Browne’s family and was overseen by trustees.

Mr. Rosenstein rankled neighbors this summer when noise, vibrations and a mammoth hill of sand resulted from construction on his property.

"

You May Also Like:

Southampton Estate On Meadow Lane Sells For $41 Million

A Southampton Village estate sold at the end of January for $40.91 million — a ... 21 Feb 2020 by Brendan J. OReilly

Bill Proposed To Exempt Summer Rentals From New York State Housing Law

The New York State Legislature’s monumental housing reform enacted last year cast a wider net than planned — and Hamptons summer rentals were caught in it. A provision in the Housing Stability and Tenant Protection Act of 2019, an omnibus bill that comprises many measures pertaining to the landlord-tenant relationship, prohibits landlords from collecting an advance or security deposit in excess of the equivalent of one month’s rent. It had been common practice on the South Fork for homeowners to collect payment for an entire season upfront when renting out their houses for the summer. That’s now illegal. However, Assemblyman ... by Brendan J. OReilly

Airbnb And Other Short-Term Rental Platforms Shake Up Hamptons Market

Phil Keith and his partner, Laura Lyons, are what Airbnb calls “superhosts.” With a near-perfect ... 19 Feb 2020 by Michelle Trauring

Daniel Gale Sotheby’s International Realty Launches DGNY Commercial

Daniel Gale Sotheby’s International Realty, the Cold Spring Harbor-based real estate firm with an East ... 18 Feb 2020 by Staff Writer

Chris Coleman Joins Compass

Real estate agent Chris Coleman, the top producer in Montauk, has joined Compass. Mr. Coleman ... by Staff Writer

Only House On The South Fork With A Rooftop Pool Sells For $8.5M

The only house on the South Fork with a rooftop pool just sold for $8.49 ... by Staff Writer

Pulse East End Roundtable: Analyzing 2019 In Hamptons Real Estate And Looking Forward

Was it the trade war, the global economic uncertainty, the impacts of 2017’s federal tax ... by My27east

Hamptons Real Estate Association’s Listings Website Is Growing Quickly

When new East End real estate website HamptonsRE.com debuted in December 2019, it included rentals ... 17 Feb 2020 by Brendan J. O’Reilly

Sale Of 80 Meadowmere Lane Is One Of 2019’s Biggest Hamptons Real Estate Deals

A major Southampton Village real estate deal closed at the end of December that could ... 14 Feb 2020 by Staff Writer

Three Ponds Farm Was Second-Biggest Hamptons Real Estate Sale Of 2019

Sold in June, Three Ponds Farm is a 58.7-acre, eight-structure compound with its own USGA-rated ... 13 Feb 2020 by Staff Writer
logo

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported