The East Hampton Town Board is expected to vote tonight to reject a bid to purchase the town-owned office condominiums at Pantigo Place, now occupied by the Building Department, tax assessors, Planning Department, and other town departments.
Although town officials never disclosed the name of the bidder, Andrew Sabin, who owns several of the condo units and houses his corporate offices there, confirmed two weeks ago that he had submitted an initial bid of $3 million for all of the condos, then a bid of $1.2 million for four of the seven town condos. Both had been withdrawn, he said.
The town had solicited bids for the seven units, for a minimum of $3 million, based on Mr. Sabin’s offer. No other bidders came forward.
The units had been appraised at $3.7 million if sold together ($528,571 each), or $628,571 each if sold separately. The sale was based on a plan to renovate the old town hall building so that all of the town departments could be housed on one campus. The terms were to include one rent-free year in the condos for town departments.
Town Councilwoman Theresa Quigley is expected to offer a resolution tonight issuing a call for proposals to architects for the old town hall renovation, although the two Democratic board members, Sylvia Overby and Peter Van Scoyoc, have suggested first developing specific criteria. A needs assessment would be a place to start, Mr. Van Scoyoc suggested at the board’s meeting on Tuesday.