DAN’S PAPERS
Page 54 February 7, 2014
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EVERYTHING OVER A MILLION
UNDER A MILLION
Beautiful homes sold this week
Bargains on the East End
Sag Harbor’s Watchcase Factory
T
he newly developed Sag Harbor Watchcase Factory, a luxury residential property featuring 64-units, including one-of-a-kind factory lofts, loft penthouses, town houses and bungalows, is scheduled for completion in the summer of 2014. The rebirth of this historic 1881 Bulova Watchcase Factory has been re-structured “brick by brick” and transformed into an architectural work of art. Since the beginning stages of this grand undertaking, a team of skilled and talented experts have been diligently working behind the scenes to make it become a reality. The developer of Watchcase, Cape Advisors, Inc., is familiar with the process of restoring a building to its original splendor while blending modern-day, structural design. Other properties they’ve developed include Congress Hall and the Virginia Hotel in Cape May as well as Sag Harbor’s Baron’s Cove Inn, which is presently in development. As with any project, especially one of this magnitude, challenges arise. Although the Bulova Watchcase property was purchased back in 2005, there were a few legal hurdles to overcome. But, after two and a half years and 65 hearings, development is underway and the vision is taking shape. “The most crucial part of this project was making the building structurally stable,” said David Kronman, partner at Cape Advisors Inc. Once the foundation and structure was complete,
Marketing Group. “The development Cape Advisors and a team of team has transformed what was once construction, building and design considered an ‘eyesore’ in Sag Harbor experts continued their work. The into something beautiful.” focus is to maintain the historic “Watchcase offers the best of both integrity of this iconic landmark worlds. Residents can relax in the while creating a true masterpiece, comfort of their own home, take a designed and built to the highest short walk to the village for dinner or standards. allow the concierge to lend a hand. “The Watchcase project exceeded We’ve already sold 47 units, some our expectations. It was important have been purchased by longtime East to embrace the building’s original End residents,” said Hoppe. architecture and blend it with the new Throughout every step of this design. We repurposed the original project, the skillful eyes of each granite from the building’s historic Watchcase Factory team member vaults (once used to store metal) Rendering of Watchcase were attentive to all the details. An and incorporated pieces into our kitchens and bathrooms. We also restored southern amazing work of genius was created. From the high yellow pine beams by using an environmentally safe 10- to 12-foot ceilings and wide plank wood flooring to the custom cabinetry designed by Steven Grambel technique,” said Kronman. Each of the 64 Watchcase properties are unique, each unit is one-of-a-kind. “From a development perspective, this was a from five star amenities including 24-hour doorman and resident superintendent, to concierge services once in a lifetime opportunity. We have been able to and a Watchcase Pavilion, which offers a fitness save an historic landmark and combine it with the room, yoga/aerobic studio, spa treatment rooms and perfect and most beautiful location, Sag Harbor,” lounge with fireplace and kitchen, to name only a few said Kronman. highlights. Outdoors, residents can take advantage For more information or to make an appointment for of the year-round heated 62’ x 24’ pool with beverage service during the summer, elegant gardens, patios, a Watchcase Factory showing, call 631-725-7200 and ask to speak with Cee Scott Brown or Jack Pearson of private storage and parking. “We’re very happy with the success of the Corcoran. Visit watchcasefactory.com for details and Watchcase Factory,” said Gordon H. Hoppe, Senior elegant images of individual properties. Check out Vice President, Director of Sales at Corcoran Sunshine DansPapers.com for the latest real estate information. Courtesy Corcoran Sunshine
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