Distinctive Ventures blog

Traditional Home Magazine selects Panoramic View as the setting for Oceans 3

Mon, 15 Sep 2008 00:00:00 -0400

From Traditional Home:

Traditional Home magazine is launching a one-of-a-kind design challenge, Oceans 3: Showhouse Showdown. Three design teams, each composed of an experienced pro and a protégé, will design and decorate a luxury residence for Traditional Home at the Panoramic View Residences, on the ocean in Montauk, New York.

Throughout the process, editors will create design challenges to fuel the creative competition. The pros are New York interior designers Eric Cohler, Philip Gorrivan and Amanda Nisbet. Traditional Home will also give three up-and-coming design students the chance to spend their summer internship as design protégées working with Cohler, Gorrivan and Nisbet. A television crew is planning to follow the teams as they create, design and decorate the villas for the Oceans 3: Showhouse Showdown television special to air in late 2008.

The Panoramic View residences will play host to a variety of events during the summer and fall, including a partnership with the Hamptons International Film Festival. This will include participation in the Film Festival Opening Night Screening and Gala at Gurney’s Inn, Panoramic View’s neighbor. The luxury oceanfront residences will be open for public tours on Sunday, November 9; Thursday through Sunday, November 20–23; and Thursday through Sunday, November 20-23 (11 a.m. to 4 p.m. on weekdays and 11 a.m. to 5 p.m. on weekends). Tour and event proceeds will benefit the Montauk Playhouse Community Center Foundation (www.montaukplayhouse.org).

The completed homes will be featured in Traditional Home magazine in numerous issues in 2008 and 2009. The Panoramic View Resort & Residences has been a renowned destination resort more than 50 years. Sitting on 10 hillside acres directly “over” the ocean, the property is known for its spectacular setting and beautiful white sandy beach. Distinctive Ventures purchased the property in 2007 and began a gut renovation resulting in 68 one- to five-bedroom residences ranging from 1,500 square feet to 4,500 square feet.

The luxury residences have panoramic ocean views from every room. Property amenities include beach and pool chair services, a heated pool with privacy cabanas, a state-of-the-art fitness center, concierge services, bell staff, housekeeping and complete year-round maintenance. The developer of the project is Adam Manson of Distinctive Ventures LLC, and Oak Gentry of Gentry Construction is the builder. http://www.classictastemodernlife.com/

Plum Hamptons Article - Room With A Panoramic View

Mon, 21 Jul 2008 00:00:00 -0400

Hot off the presses are the brand new oceanfront residences at the Panoramic View in Montauk, which debuted last weekend. Your pied a mer ranges from two to four bedrooms starting at $2.825 million and reaching up to $4.2 million.

Owned by the same French family for 51 years, the famous hotel on ten acres on Old Montauk Highway was purchased in January of 2007 by the Distinctive Venture Group. The group worked with the town to coordinate a slow roll out of developing the different buildings into high-end, luxury units— technically “cond-ops” with a maintenance fee, but no board approval necessary.

One has to ask, is it the amazing view from the hilltop or something in the sea air at this once revered honeymoon spot? “We’ve heard so many stories of babies that were made here,” says sales director Ed Bruehl of Distinctive Ventures. He’s finding interest from second or third homeowners as well as existing Hamptons residents who view the oceanfront units with private beach, pool, and cabanas as a slopeside, or in this case surfside, adjunct to a larger existing home. Others just don’t want to be bothered with upkeep and want a “doorman building on the ocean,” explains Bruehl, with onsite management, concierge, and rental and sales agents.

Some units are available this summer for rent starting at $100,000. Of the current ten “Hilltop” units, one is sold and two are in contract, and the next phase “Salt Sea,” with another ten units, is in pre-construction sales (www.panoramicview.com). Apparently, recessions get blown off shore by ocean breezes. Many resort developers have followed the trend of the fractional ownership (very, very fancy time share) with an existing hotel, especially with a name brand such as Four Seasons or the Ritz Carlton. Yet, in the Hamptons, the high-end chains have stayed away due to the area’s seasonal nature. Many of the existing condos or co-ops on the ocean are on the lower end in resorts built years ago.

The Villas in Southampton, on Old Town Road, opened two years ago and also took advantage of the desire for high-end living in a favored area (right off Gin Lane and near the ocean), but in a smaller luxury unit where someone else worried about the gardener and pool. Sorry, Lady Chatterley. For those honeymooners, your last chance to stay at the Panoramic View as a hotel is this summer, unless of course you register for a unit as a wedding present. Courtesy of Plum Hamptons Online

New York Times Article - Not the Hamptons. Yet.

Mon, 21 Jul 2008 00:00:00 -0400

Original article: New York Times

DEVELOPERS have bought three well-known properties in the last year: the Montauk Yacht Club, the Panoramic View Hotel and the Shepherd’s Neck Inn.

Renovations are under way, as are plans to market co-ops and hotel rooms to wealthy second-home buyers and year-round weekenders. And not far from the Sail Inn, on West Lake Drive, Gosman’s Dock, which grew from a chowder stand 60 years ago into an 11-acre waterfront complex that includes restaurants, shops and a fish market, is for sale for $55 million. For developers, who have sensed an extended summer rental season and more demand for high-end services in Montauk, which is some 120 miles from Manhattan, the time to invest here seems to be now. Distinctive Ventures, the company based in Great Neck, N.Y., that bought the Panoramic View, is converting it to 75 duplex and triplex co-ops with 24-hour concierge service year-round and, if requested, fully furnished units. The Panoramic is an oceanfront resort built into a cliff that has 1,000 feet of beach on the Atlantic. Prices will start at $2.5 million in the first phase of the project, said Adam Manson, a spokesman. The developer researched rental patterns in Montauk in 2006, he said, and found that more people were renting homes for a month or two months, rather than a hotel room. Many of the callers interested in the units, he added, already have second homes on the East End, but are tired of maintaining them.

By VALERIE COTSALAS Published: July 27, 2007

Dans Papers Article - The Panoramic View Is Changing To The Panoramic Villas

Mon, 21 Jul 2008 00:00:00 -0400

Montauk's very own, 55 year old Panoramic View is in the process of being converted into "condops," a mix of a condominium and a cooperative. Distinctive Ventures of Great Neck, NY is heading the Panoramic Villas venture. Adam Manson, President of Distinctive Ventures was kind enough to give me a moment of his time to discuss this project.

"These "condops" are perfect for people looking to own a second home without the extraordinary high prices of oceanfront living and the hassle of the maintenance," says Manson. According to Manson the "condops" will be structured like a cooperative but hold condominium rules and regulations. When purchasing one of the Villas you will receive a proprietary lease entitling you to own the unit. These "condops" will not require the approval of a board like co-ops do. Similar to a condo the Villas maintenance fees will be low due to no ground lease or ground mortgage. The monthly Maintenance fee includes real estate taxes, property amenities and services.

Manson also informed me that construction started in early January and phase one, which consists of 24 units, will be complete in the fall. Distinctive Ventures acquired this prime ten-acre Atlantic oceanfront property, in Montauk, through a stock transaction early this year. When the construction is complete in 2008, the Panoramic Villas will consist of 76 private villas, ranging from 1500 square feet to 3800 square feet, spread over five buildings. The residences will consist of anywhere from one to four bedrooms. There will also be four private single-family cottages available that have prime locations on the beach. Each owner will have 1,000 feet of ocean frontage with private beach access and terraced lawn areas.

With a professional staff of white-gloved concierge, porters and housekeepers ready to attend your every need, this will be the first of it's kind in Montauk. Panoramic Villas offers the luxurious lifestyle we all desire. When living at the Panoramic Villas enjoy a refreshing dip in their sparkling swimming pool with calming waterfall, situated just perfectly to offer you the most spectacular soothing water views. Stay fit and healthy in the state-of-the-art fitness center, request one of the on staff trainer or massage therapists, or take a short walk next door and visit Gurney's Inn and Spa for one of their lavish treatments.

Need entertainment and don't want to travel far? Distinctive Ventures has thought of that as well. Manson says there will be a billiards room, sports lounge, card room, and a children's playroom, for your convenience. There will also be an on-site library. For entertaining a large number of people, there will be a four-season entertainment room with a fireplace and catering kitchen. Panoramic Villas is expected to be as lavish on the outside as the views are.

The exterior of the units will be comprised of cedar shake walls and roofs with beautiful covered brick entry porches. Each unit will have copper gutters, stunning mahogany entrance doors and decks. Barbeque fanatics will be pleased to hear that each villa also has a built-in stainless steel barbeque. The interior of these units can come completely decorated, ready for you to move in, with just your clothes. Distinctive Ventures has three interior designers waiting to finish the interior of your new home right down to the cutlery, plates, and sheets. Already installed inside, you will find walls of glass, accented by vast cathedral ceilings, high efficiency central HVAC and custom closets with solid wood interior doors. Wood wainscoting is installed in the living and dining rooms. Enjoy walking through your "condop" on wide-planked oak wood flooring.

Master suites are equipped with walk-in closets and your master bath is finished with marble and houses a separate shower and tub. All Master suites have the most gorgeous and calming ocean view. The kitchens, as expected, are nothing but extraordinary. They are custom built with granite countertops, farmers sinks and equipped with subzero refrigerator and Viking range. You will also find a large capacity washer and dryer in your new "condop". The Panoramic View as a hotel in Montauk will be missed. This summer will be it's last operating season as a hotel and I hope you have the opportunity to pay it one last visit before the villas come to town. I have stayed there on occasion and I know I will miss it, their rooms and service are always unbelievable, but the view is what it is all about.

The Panoramic Villas cost between $1.5 million and $4 million, I, unfortunately will not be purchasing one in the near future, but to those of you who can afford it, enjoy! The view and property alone is worth every penny. I am sure that the new Villas will be exceptional just as the hotel was. For additional information on The Panoramic View and The Panoramic Villas please visit www.panoramicview.com.

By Kelly Merritt at Dan's Papers

TRADITIONAL HOME MAGAZINE LAUNCHES OCEANS 3: SHOWHOUSE SHOWDOWN DESIGN CHALLENGE

Tue, 22 May 2007 00:00:00 -0400

TRADITIONAL HOME MAGAZINE LAUNCHES OCEANS 3: SHOWHOUSE SHOWDOWN DESIGN CHALLENGE
Three Design Teams to Create Luxury Residences at the Panoramic View in Montauk, New York

NEW YORK (May 22, 2007) – Traditional Home magazine is launching a one-of-a-kind design challenge, Oceans 3: Showhouse Showdown. Three design teams, comprised of an experienced pro and up-and-coming protégé, will each design and decorate a luxury residence for Traditional Home at the Panoramic View Residences, on the ocean
in Montauk, New York. Throughout the process, editors will create design assignments to fuel the creative competition.

The designer pros are Eric Cohler, Philip Gorrivan and Amanda Nisbet. Traditional Home will also give three upand-coming design student students the chance to spend their summer internship as design protégées working with Cohler, Gorrivan and Nisbet. A television crew is planning on following the teams as they create, then design and decorate the villas for the Oceans 3: Showhouse Showdown television special to air in late 2008. Cohler, Gorrivan and Nisbet are three of the nation’s leading interior designers who handle residential and
commercial projects around the world. Cohler is often lauded for his distinguishing ability to fuse classical and contemporary elements. Dubbed “The Mixmaster” by industry editors, Cohler’s interior spaces display layers of unusual texture, color, and verve. Gorrivan’s interiors speak to the importance of balance; antiques are delicately paired with contemporary furnishings, symmetry is enhanced by a touch of whimsy, and soft tonal palates are highlighted by signature, pops of color. Clients praise Gorrivan’s ability to enliven and add glamour with one wellchosen piece. Untethered by design rules, Nisbet brings a fresh energetic approach to a traditional sense of luxury. Her work seamlessly balances function and style, Classicism and Modernism, in surprising ways.

The luxury oceanfront residences will be open Sunday, Nov. 9th; Thursday – Sunday, Nov. 13-16; and Thursday – Sunday, Nov. 20 – Nov. 23 (11 a.m. – 4 p.m. on weekdays and 11 a.m. – 5 p.m. on weekends) for public tours. Tour and event proceeds will benefit Montauk Playhouse Community Center Foundation (www.montaukplayhouse.org). The completed homes will be featured in Traditional Home magazine in seven issues in 2008 and 2009.

The Panoramic View Resort & Residences has been a renowned destination resort more than 50 years. Sitting on 10 hillside acres directly “over” the ocean, the property is known for its spectacular setting and beautiful white sandy beach. Distinctive Ventures purchased the property in 2007 and began a gut renovation resulting in 68 one to five bedroom residences ranging from 1,500 square feet to 4,500 square feet. The luxury residences have panoramic ocean views from every room. Property amenities include beach and pool chair services, a heated pool with privacy cabanas, state-of-the-art fitness center, concierge services, bell staff, housekeeping and complete yearround maintenance. The developer of the project is Adam Manson of Distinctive Ventures LLC and Oak Gentry of Gentry Construction is the builder.

Download official press release in PDF format

Panoramic View Luxury Residences – Last phase of project

Wed, 31 Dec 1969 00:00:00 -0500

PRESS RELEASE—September 6, 2008
Contact the Panoramic View Office 631-668-3000
Sales Director Ed Bruehl 646-0752-1233 or Lynda Passaretti 631-807-0996

PANORAMIC VIEW LUXURY RESIDENCES – LAST PHASE OF PROJECT:
THE ONLY FULL-SERVICE, LUXURY OCEANFRONT PROPERTY IN THE HAMPTON’S – IMMEDIATE
OCCUPANCY AVAILABLE

Distinctive Ventures LLC has completed the first phase renovation of the legendary Panoramic View Oceanfront Resort, on Old Montauk Highway, converting the buildings into 68 luxury residences. These one to five bedroom units ange in size from 1,200 square feet to 4,500 square feet. This magnificent property has been a renowned destination for over 50 years encompassing 10+ oceanfront acres on 1,000 feet of sandy white beach. Residences are now vailable from under $2 million to $6 million, and a furnished model is now open for viewing.

Unlike any other location in the Hamptons, these turn-key luxury residences boast truly spectacular ocean views. “With our year-round staff your every need is met, from a fully-stocked refrigerator to the delivery of your mail or dry leaning; this is your doorman building on the ocean” according to Harvey O’Brien the General Manager. With concierge service, porters, beach and pool attendants, on-site housekeeping, plus massage therapists and trainers on all, this is luxury living at its best. Soak up the views, relax at the beach, lounge in a cabana poolside or work out in the state-of-the art fitness center.

Adam Manson, President and CEO of Distinctive Ventures, LLC has retained Oak Gentry of Gentry Construction for the renovation. Their combined attention to every detail is obvious not only in the construction process but in every election made; hardwood wide plank oak floors, granite kitchen countertops, Viking ranges, Sub-Zero refrigerators, Marvel wine coolers, personalized sound systems and HDMI wiring throughout. The bathrooms feature Carrera marble, dual sinks, and a deep soak aeration tub. The spacious and private mahogany deck on the upper level includes DCS Barbeque and features a custom stainless-steel cable rail to maximize your breath-taking view. Every unit leads out to its own private Hot Spring spa.
According to the sales directors, Ed Bruehl and Lynda Passaretti “It is the perfect second home, heavenly oceanfront living without any maintenance challenges. Every detail has been taken care of for you”. “When you’re here with friends or family, you just relax because the trusted staff has attended to all of the details.”

“Montauk is the hottest hamlet in East Hampton, and still undervalued compared to the rest of the area,” said Mr. Manson. “The beautiful beaches, world-class surfing and fishing, the hiking and biking, breathtaking vistas, and fantastic restaurants all make Montauk an incredibly special place.”

To view the newly finished first phase and to learn more about the unique opportunity to purchase the Hampton’s first full-service oceanfront residences please email sales@panoramicview.com or call 631-668-3000.

The complete offering terms are available in the offering plan available from the Sponsor.

Download official press release in PDF format