After years of uncertainty whether the old Lobster Inn property in Shinnecock Hills would be turned into 25 luxury condos, the Town of Southampton has preserved the bulk of the land; some of the property in fee title, protecting open space and a public marina as well as acquiring development rights to encourage an aquaculture farm with a small restaurant.
5.3 acres were preserved by the Town in fee title and Town acquired development rights on 4.5 acres both for $7.6 million through the Community Preservation Fund in a complex combination of the Town acquiring open space, water quality improvement land, a recreational area, potential road widening area and development rights. The former restaurant building and the agricultural land, was acquired by a third party aquaculture owner, Inlet Road Operations, Corp, which is affiliated with Manna Ocean Foundation.
“This transaction will help protect water quality and will preserve the neighborhood from overdevelopment,” said Southampton Town Supervisor Jay Schneiderman.
Under the agreement, the Town Department of Parks and Recreation will manage the Marina.
Contact: Connie Conway