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May 23, 2013
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May 20, 2013
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May 23, 2013
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Real Estate
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Peconic Land Trust says ‘no’ to Paard Hill
The Peconic Land Trust (PLT) has officially turned thumbs down on an opportunity to take over 28.5 acres of Paard Hill horse farm to preserve as open space. Now the Town Board of Shelter Island has to decide if the town wants to accept the property, a highly unlikely result, since...
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This week in Shelter Island history
10 YEARS AGO Horseback riding lessons offered After a lengthy battle to secure Zoning Board of Appeals and Town Board approval to operate Paard Hill Farms, owners Pieter Ruig and Ellen Lear were advertising a riding program of 10 private, semiprivate or group lessons with rates ranging from $500 for 10 private...
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Board discusses home rule resolutions and Herrmann’s Castle
Two proposed home rule resolutions were under discussion at the Town Board's work session this week, on deer management and a state plan for a regional transportation authority. A bill in the state Legislature to create the authority requires a resolution from municipalities to buy into the idea. Such a proposal...
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Town not interested in Paard Hill deal
Why pay for something you can’t use? That’s the consensus of the Town Board on the issue of taking over 28.5 acres of the Paard Hill Horse farm, which by agreement must be offered to the town or the Peconic Land Trust for a sale of the complete property — about...
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Paard Hill horse farm sale imminent
A deal is done to sell Paard Hill horse farm, according to a person close to the negotiations. But not so fast, said Christopher Kent of the Bridgehampton office of the law firm Farrell Fritz, representing the sellers, Pieter Ruig and Ellen Lear. “There’s an interested party and we’re waiting for some...
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La Maison Blanche building for sale
The building that houses La Maison Blanche, the restaurant and inn whose owners are battling in court, is on the market for $3.5 million. John Sieni purchased the building 27 months ago through his firm JBS Properties Inc. for $2 million, but has made substantial improvements, according to Shelter Island tax...
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Application: Subdivide St. Gabe’s into eight lots
The Shelter Island Town Planning Board has received an application to subdivide 25 acres of the St. Gabriel's Spiritual Center for Youth property into eight lots. According to a letter to the planning board from Inter-Science, a Southampton-based development consultancy, the Passionist fathers, who own the property at the end of...
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WAC seeks landscaper input on water ban
The Water Advisory Committee is recommending a meeting with its own members, the Town Board and landscapers. The purpose of the meeting is to explore alternatives to the September 2012 implementation of a new law banning use of underground irrigation systems without cisterns filled with water from off-island sources. The recommendation came...
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The way forward, with a look back
Shelter Island powers-that-be successfully tackled a number of issues in 2012, but there are still pending issues left on the table, and various boards have full plates for 2013. Among items waiting for action are: • Implementation of the new ban on underground irrigation systems due to take effect on September 1,...
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Insurance rates, property damage slow closings
The lights are back on and debris around the Island has been picked up, but superstorm Sandy has apparently left other problems in its wake: rising rates to insure property and damage resulting in renegotiations that are slowing down some sales. No one is saying sales are being lost because of...
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Country Club sale a done deal
Gardiner’s Bay Country Club and the owners of the land on which it operates closed on a deal Wednesday, December 19 that gives the club ownership of its own property. Club President Jack Regan confirmed on Friday that the deal had successfully closed at a law office in Bridgehampton. He declined...
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This week in Shelter Island history
10 YEARS AGO Another quits planning and zoning panel David Heiman became the third member to quit a Planning and Zoning Task Force created by the Town Board to recommend zoning changes on Shelter Island. Committee member Jeffrey Simes and former task force chairman Hermann Carp Jr. both resigned previously. Mr. Heiman said...
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From the ashes: New house goes up on Artemas Ward site
Richard Hogan's new house is taking shape on the shoreline in Shorewood, incorporating the watchtower of the original shingle-style house on the site built by advertising and marketing entrepreneur Artemas Ward a century ago. Ward (1848-1925) was one of the founders of modern advertising as well as an author and a...
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DC deadlock livens up local real estate market
The “fiscal cliff” is shaping up to be more like falling into a honey pot for Shelter Island real estate professionals. Supervisor Jim Dougherty announced at the Friday, December 4 Town Board Meeting that the current balance in the town’s Community Preservation Fund — a real estate transfer tax used to...
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Gardiner’s Bay CC seeks to own its property
It appears that Gardiner's Bay Country Club will soon own the land on which is operates. The membership of Gardiner's Bay Country Club voted this fall to pursue the purchase of the land, which the club rents from heirs of the Kessler family. Closing is in the works, Supervisor Jim Dougherty...
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Real estate transfer returns spike 35 percent
Thanks to an uptick in the value of local real estate transactions this year, Shelter Island’s Community Preservation Fund is practically flush — not compared to the glory days of the booming market but compared to the darkest days of the continuing real estate slump. Receipts from the Island’s 2-percent tax...
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Legal declaration ends Paard Hill commercial horse farm option
A legal document filed in January with the Suffolk County Clerk’s Office prohibits a commercial horse farm at Paard Hill if owners Peter Ruig and Ellen Lear sell the property or die. Titled only “Declaration,” it fulfills a pledge they made to the town Appeals Board more than 12 years ago...
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Buyer in the saddle for Paard Hill horse farm?
A prospective buyer wants to continue operating the Paard Hill horse farm, which founders Pieter Ruig and Ellen Lear have had on the market for $7.95 million, Supervisor Jim Dougherty announced at Tuesday’s Town Board work session. Under a stipulation of settlement dating back years but recorded only recently, any new...
