After taking a one-year hiatus–its former location was occupied by EMP Summer House last summer and will be again this year–Moby’s is back. The beloved coastal Italian eatery is being revived by partners Lincoln Pilcher, a photographer, surfer, and former model, and Nick Hatsatouris, a restaurateur, who have signed a two-year lease at East Hampton Point.
This is great, because the location and interiors are really beautiful at the Point. The food, well, not so much. Room for improvement there. The 400-seat restaurant itself is lovely, with fantastic views, and was built around the former owner’s racing sailboat (JADE, an acronym of his children’s initials). The views are to die for. Now, hopefully, the food will be as good as the view. Nick Hatsatouris told Eater, “It seemed like people really missed Moby’s, so it’s nice to be able to return at such a beautiful property with the water views, great sunsets, and the ability to pull up your boat in the afternoon. We thought this location to be a great fit for the laid back nautical vibe we’re known for.”
East Hampton Point has been for sale for practically forever at various prices. Currently the asking price is $27 million, which includes the restaurant, accommodation including 13 individual cottages and seven suites in the main house, and a full-service marina and boatyard with 58 slips. There’s also a ship’s store, pool, and tennis, all spread over five acres. The listing is repped by Anthony C. Cerio, Mitchel L. Natter, and Jared Schiavoni at Brown Harris Stevens. Back in 2006, the asking price was a frankly hilarious $55 million.
What do you think would be a reasonable asking price?
For more, click here. 295 Three Mile Harbor Hog Creek Road, East Hampton