Putnam Bridge, the Connecticut developer seeking to build a senior citizen housing development on the former Principi property east of the Amagansett commercial district on Montauk Highway, has downsized its plan for the development following the Town Planning Department’s critique of the proposal.
Initial plans for 555 Amagansett, as the proposed development is known, called for 63 cottages and 26 apartments, for a total of 89 units. These dwellings were to average 1,550 square feet and be priced between $850,000 and $1.8 million.