By Susan Carey Dempsey & Julie Lane
The awnings are unfurled, extra ice is piled high, shops are bursting with new inventory and summer staffers are reporting for work. The unofficial kickoff to the long-awaited summer season is here.
Here’s a guide to restaurants and shops around the Island that will be welcoming shoppers and hungry customers for Memorial Day Weekend. (more…)
REPORTER FILE PHOTO
Is the Chequit a refinancing or a sale?
It was in February that an advertisement for realtor Cushman & Wakefield announced sale of the Chequit Inn with a $9 million price tag. (more…)
JULIE LANE PHOTO The Capital One bank building is for rent.
An iconic Island inn on the block, the ongoing effort to sell a second, and a conversion of the former Capital One Bank building into rental space are dominating the commercial real estate market on Shelter Island. (more…)
JULIE LANE PHOTO The Chequit Inn, reopened in May 2015 by new owners, is for sale.
The announcement by Manhattan real estate brokers Cushman & Wakefield that the Chequit Inn is for sale — with an asking price of $9 million — will keep the same management team in place in the event of a sale.
That’s according to David Bowd, one of the Chequit’s managers, who said Thursday that the owners have decided to sell.
But Mr. Bowd and Kevin O’Shea have a long-term management contract and will go forward with new owners in place, Mr. Bowd said
“We’ve had three amazing years,” he added, and there are weddings and other special events booked along with reservations. From a customers’ perspective, nothing will change, he said.
“It’s all good.”
REPORTER FILE PHOTO
The Ram’s Head Inn is for sale for a reduced price of $10.9 million.
The owners of the Ram’s Head Inn, which has been on the market for almost a year, dropped $1 million off the $11.9 million asking price and listed the property with a Manhattan broker, Marcus & Millichap, according to Long Island Business News reporter David Winzelberg. (more…)