Business

The surge in housing demand created by Covid and urbanites’ desire to have a safe retreat outside of the city has finally started to cool, according to the most recent report by Town and Country Real Estate. Rising interest rates and the rising cost of renovations due to a tight labor market and inflation are playing a role.

It was a quiet week in Real Estate Land.

Dockside Bar and Grill, which is closing for the year on Sunday, will also be taking a bow. It was officially announced on Thursday that Stacy Sheehan and Elizabeth Barnes, the owners of the much-beloved Sag Harbor eatery, have sold the business to Eric Miller and Adam Miller and the developer Adam Potter.

People have increasingly taken note of Montauk Brewing Company's growing popularity, characterized by its always-packed tap room, cool takes on brews involving ingredients like watermelon and pumpkin, and buzzy media coverage. The international cannabis and alcohol company Tilray was among those paying attention, and on Monday, Tilray announced that it has bought the Montauk Brewing Company for an undisclosed sum.

It’s the return of the South Fork real estate transaction report . . .

On Friday, Suffolk County Supreme Court Justice Carmen Victoria St. George said Michael and Christine Aaron’s attempt to stop a brewery from being built on Toilsome Lane in East Hampton Village was “not ripe,” agreeing with the village’s zoning board of appeals that an official determination on whether the brewery is compatible with the village’s code has yet to be made.

Rita Cantina, a popular Mexican restaurant in Springs, was dealt a blow last week by the East Hampton Town Zoning Board of Appeals, whose members agreed with a determination by Ann Glennon, the town’s chief building inspector, that catering businesses on the restaurant premises are operating illegally.

The new owners of the Springs General Store are eager to get to work converting a storage shed on the property into a tiny wine store, but questions about accessibility for the disabled and exactly what type of drinking would be allowed at the site have slowed the progress of their application before the East Hampton Town Planning Board.

Imagine a world without wine. That’s the devastation that could be wrought by the spotted lanternfly, an invasive insect from Asia that’s reached Ronkonkoma and is headed east, posing a serious threat to vineyards.

French Presse, started in 2014 as a mobile linen laundering and pressing service by the late Sarah de Havenon and occupying a showroom in Amagansett Square since 2016, has settled into its niche and as of this summer is selling its own line of linens, glassware, and dinnerware.

More than a month after an oven explosion closed the Stony Brook Food Business Incubator for repairs, food producers are scrambling to keep operating by other means, but often with reduced output.

A new raft of South Fork real estate deals.

Richie Winick likes to say that his newish Montauk fine jewelry store on Main Street offers an eclectic range of merchandise for sale in a price range reflective of the hamlet’s seaside-meets-suburbia affect.

The cocktails will have to wait, but the boat slips are back in business. The Montauk mecca formerly known as Liars’ Saloon, which also was home to the Offshore Sports Marina, has a new sign out front from its new owner, Sam Gershowitz, signaling a new chapter is indeed afoot at 408 West Lake Drive in Montauk.

For years, restaurants have operated at the Springs location in apparent harmony with their surroundings. Rita Cantina has been different. Ann Glennon, the town’s principal building inspector, and nearby residents say its use of the property has risen to unacceptable levels.

The "last mile" shuttle bus service that takes passengers from the Long Island Rail Road's South Fork Commuter Connection trains to their destinations and back again expanded in East Hampton Town this week. 

The latest real estate action here.

M&T Bank has promised a smooth transition for customers who bank with People’s United Bank but now find themselves in the midst of the nuts and bolts of M&T’s long-anticipated final takeover of People’s, happening this weekend.

Many people know by now that Southampton Town has “opted in” to open cannabis dispensaries and consumption lounges one of these days, but less known is that the town is now hosting the East End’s only psychedelic healing center.

New South Fork real estate transfers.

"We joke and say it's the world's second oldest profession," said Ike Birdsall, owner of Birdsall's Hotshoe, a farrier based in Sag Harbor. Farriers, who tend to horse hooves, are an essential but unheralded segment of the $122 billion horse industry, and the job hasn't changed substantially since 400 B.C. when the earliest horseshoes were made.

From Montauk to Southampton Village, recent real estate transactions.

Real estate transfers from May through mid-July

The real estate report, South Fork edition.

Sam Gershowitz, an UpIsland recycling magnate who owns the Star Island Yacht Club in Montauk, is the new owner of Liars' Saloon and the Offshore Sports Marina on West Lake Drive in Montauk.

Curious about what’s happening in South Fork real estate? Here’s the weekly rundown.

The latest South Fork real estate transactions.

It’s the kind of real estate transaction that often flies under the radar: A high-end property never hits the market publicly but captures people’s attention once its address appears in the county’s recorded deed transfers — usually with an eye-popping price and limited-liability corporations listed as buyer, seller, or both.

More than $23 million for two Amagansett parcels alone, and much more this week in Hamptons real estate.

Molly Scheider is doing well these days, with a new job at an East Hampton veterinary practice, plans to enter Suffolk Community College in the fall, and a creative writing project in the works, but it wasn't always that way for the Pierson High School graduate, who manages major depressive disorder, anxiety, and attention-deficit/hyperactivity disorder. Her success is due in part to help from Career and Employment Options, Inc., a Hauppauge company that provides job counseling and training, internship placement, and other support services for people with disabilities.