Business

The march of the millions continues.

Lacking the kind of synergy between restaurants and retail that might draw more off-season shoppers, Amagansett's Main Street on a winter weekday can feel in need of a bit of revival. That will all change when the high season arrives, but what has people talking now is the news last month of the sale of the Main Street Tavern building and how a restaurant in that spot could boost morale on Main Street.

For followers of South Fork real estate action, here’s the latest.

Real estate. It never stops.

From Montauk to Southampton Village.

New South Fork real estate transfers.

The march of the L.L.C.s continues.

New real estate transactions here.

The property on Long Island Avenue in Sag Harbor where Friends of Bay Street had planned to build a new Bay Street Theater is instead being put on the market, The Star learned this week.

The latest report from Assemblyman Fred W. Thiele Jr.’s office shows that year-to-year community preservation fund revenues in the five East End towns have fallen more than 17 percent over all.

Barnes & Noble announced Thursday that it will open a new bookstore in the Bridgehampton Commons this summer, taking over two storefronts previously occupied by Collette and Collette Annex. It will be the company's first foray into the South Fork bookselling world.

A snapshot of the South Fork real estate scene.

Read all about it, new real estate transactions.

Off-premises catering companies on the South Fork are welcoming Gov. Kathy Hochul’s signing, on Dec. 20, of legislation to close a loophole that previously restricted them from obtaining liquor licenses. Now, they will be able to apply for permanent catering permits that will ultimately enable them to add liquor, and sales of alcohol in general, to the “approved” list.

The latest reported real estate transactions across the South Fork.

It might be the shortest tally of South Fork real estate transactions ever.

Industry watchers, look here for the latest moves in South Fork real estate.

Praise the mozzarella sticks and pass the pool cue! The Sail Inn in Montauk’s dock area has been sold to the mother-son team of Colleen Croft and Luca Guaitolini, who also own the upscale Upper East Side restaurant Elio’s, but the new owners say they are not planning to go luxe on the longtime locals’ joint on West Lake Drive when it reopens in the spring.

Real estate, wall-to-wall real estate.

Sizable transactions in Amagansett lead the weekly list.

The latest in South Fork real estate transactions.

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.