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Local / East Suffolk

Affordable Housing Project In Tuckahoe

For The Summer

April 20, 2017

Officials from the Southampton Town Housing Authority said that they are finally able to submit paperwork for the 2.6-acre Tuckahoe project, dubbed Sandy Hollow, after the Town Board’s recent approval of a 38-unit affordable housing apartment complex called Speonk Commons.

 

Sandy Hollow calls for 28 studio, one-bedroom and two-bedroom apartments, intended for middle-income tenants. The tax credits obtained by the state will largely be used to fund the construction of the apartment complex, which will require that most of the apartments be offered at varying fractions of open market value, based on the income levels of potential tenants. Rent at the apartments is to start at about $950 per month, according to Southampton Housing Authority Executive Director Curtis Highsmith.

Volunteers Come Together To Protect

Hamptons Beach

April 19, 2017

About 76 volunteers on April 5 planted 5,000 plugs of beach grass and help repair a damaged dune at Sagg Main Beach in Sagaponack, according to the group. Parent, teacher, and student volunteers from Southampton Intermediate School, East Hampton Surfrider Foundation, Ross School, and Springs/East Hampton High School joined forces to lend a hand in the planting.

Modern Luxury Plans To Buy

Hamptons Magazine

April 19, 2017

Modern Luxury, a regional magazine publisher owned by the Dickey family, is buying GreenGale Media, the parent company of Hamptons Magazine, Gotham, L.A. Confidential and Ocean Drive, sources say. GreenGale was formerly known as Niche Media, which was sold to GreenGale’s predecessor company, Greenspun Media, in 2006 for a price believed to be north of $100 million.

 

The magazines have numerous overlapping titles. Modern Luxury publishes Beach during the summer months in the Hamptons and also owns Manhattan magazine. Both companies’ magazines are entirely ad supported.

 

The Dickey family, which once ran the publicly traded but struggling radio network Cumulus Media, purchased Modern Luxury for about $25 million and has had on-again, off-again talks to buy GreenGale over the past several years.

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E-mail: bilingualnews@gmail.com    •    1-800-256-8161

© Copyright 2017 to The Bilingual News | All Rights Reserved   |   Designed & Developed by The Bilingual News

 

E-mail: bilingualnews@gmail.com    •    1-800-256-8161