Over the last couple of years there has been a growing buzz on the North Fork for many reasons, but the big talk is about all the big investors coming to the area buying up property. Eagle Point Hotel Partners, a hotel investment firm based in Manhattan, closed on its purchase of the 5.5-acre Soundview Hotel complex in January 2016 and last year after a 148-year run as America’s longest continuously family-owned restaurant, Claudio’s in Greenport sold. This trend keeps continuing with big names buying up some prime property on the North Fork.
According to a story in the NY POST, Stefan Soloviev — the 44-year-old son of real estate mogul Sheldon Solow — is buying the Peconic Bay Winery in October a 53-acre winery in Cutchogue, Long Island— adding to the roughly 150 acres of planted vines he already owned on the North Fork, located on the tip of Long Island. He owns 1,000 total acres in the region.
Randy Frankel, an ex-Goldman Sachs managing director and part owner of the Tampa Bay Rays, bought Croteaux Vineyards in July in partnership with Kristen and Daniel Pennessi, owners of the new boutique Menhaden hotel in Greenport. It was Frankel’s second foray into North Fork wines. In 2017, he bought the Shinn Estate Vineyards in Mattituck.
Last year, Mexican mining mogul José Antonio Rivero Larrea and his daughter, Maria Rivero Gonzalez, bought the Martha Clara Vineyards in Riverhead for $15 million. They have since rebranded the 205-acre property, which includes 85 planted acres, RGNY.
Image courtesy of Bloomberg News
