SOUTHAMPTON GOES SHOPPING FOR LAND

July 19th, 2011 - by Judi Desiderio
Filed under: Community Preservation Fund, Southampton, town & country real estate, Uncategorized

  

SOUTHAMPTON TOWN SPENDS $10,000,000 ON LAND THROUGH THE COMMUNITY PRESERVATION FUND.

Southampton Town Board approved the purchase of 3 separate holdings. The largest of the acquisitions was a $7.5M for the development rights to farmland in North Sea we call the Lands of Corwith. It is a 50 +/- acre tract of land north of the highway on David Whites Lane. Such a purchase of development rights is the best of both worlds… the farmer gets to continue to farm the land—and we get to continue to watch while they do—and yet they are restricted from developing said property.. a win-win for all!

A 8.2 acre parcel along East Montauk Highway in Hampton Bays will be purchased outright for $1.1M. Any time we preserve vacant land along the major access roads on the East End it’s a gift to all of us. As we then get to enjoy the rural corridors that have existed for hundreds of years and is the essence of the beauty of the tips of Long Island.

The third and final acquisition was of 7 acres that were slated for subdivision in Quiogue along Aspatuck Creek owned by Oakland Farms Inc for $1.1M!

The East End is better for all three acquisitions!




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