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Newsday - Montauk one-bedroom co-op fetches $1.875M

Thu, 04 Mar 2010 00:00:00 -0500

Montauk one-bedroom co-op fetches $1.875M

Wednesday March 3, 2010 4:45 PM By Kristin Taveira

A one-bedroom apartment has sold for $1.875 million in the Panoramic View oceanfront resort and co-op in Montauk.

Ownership – plus a $15,000 annual common charge -- has its privileges, which include concierge service, access to a fitness center, a cabana and towel service at the beach and pool, and year-round property maintenance.

Listing agent Krae Van Sickle of The Corcoran Group says the way the home is situated allows for beach views not ordinarily visible from Long Island waterfront properties. “Most oceanfront houses on Long Island have second-floor views,” because they are between dunes to protect them from erosion; this one is protected by its elevation, he says. In other locations, “You often don’t see the waves breaking. You see the ocean, but you can’t see right down on the beach,” Van Sickle says. “Here you can, and that’s very unique.”

The 1,200-square-foot unit, which was listed for $2.25 million, has two bathrooms and a gas fireplace. Outdoor features include mahogany decking and a patio with a hot tub. The apartment has humidity control, a built-in sound system, luxury appliances and Anderson windows and sliders.

Krae says the unit is located “right between” two high-profile properties: Bernard Madoff’s former residence and the home recently purchased by Jann Wenner, founder of Rolling Stone magazine.

Dans Papers Article 03-04-10 - Bashing Panoramic - Oceanfront Co-op Attempts to Renovate...

Thu, 04 Mar 2010 00:00:00 -0500

Dans Papers - Bashing Panoramic

Oceanfront Co-op Attempts to Renovate Itself
& Fight Accusers

By Dan Rattiner

There have been a lot of rumors flying around about the reconstruction of the Panoramic View, a 114-room resort built over 50 years ago on the side of an oceanfront cliff, on the Old Montauk Highway in Montauk.

When the Hilltop building, one of the structures on the 10+ acre site, was originally proposed for reconstruction, there was one rumor that they were going to put up an eight-story building. There was another rumor that they were going to put in an elevator to the beach that would run through the dune; and there was even a claim that the taxes due at the time of purchase had never been paid.

People in town, even a local East Hampton town newspaper, seized on some of these rumors and published them, further fanning the flames. The purchasers of this property, Distinctive Ventures, based in Great Neck, denied all rumors. The only changes to the exterior would be aesthetics, new cedar shake roof and siding. New storm-proof windows and beautiful trim was also part of the plan. The interior of the building would be totally renovated. This means nothing new would be built on the property-they would merely restore the buildings to their exact dimensions right on the site where they sat, and the only modifications they would make would be to bring the project up to Town, County and State codes. Distinctive Venture's ultimate goal was to create the same size project with half the number of units. The 114 units plus staff housing in the five main buildings plus beach houses on the site was just packing visitors in too tightly. The new owners would reduce the density to 60-68 units. The new units in the renovated buildings would each be about double the size. Thereby, halving the number of units, there would essentially then also be halving the number of people vacationing there, which would mean smaller crowds on the beach, fewer cars and less parking.

The original owners, the French family, purchased the property in 1957 and started building the Panoramic in 1958. When Distinctive Ventures bought the property in 2007, construction began immediately, being that there was a lot of infrastructure work done. Plans for the property had been in the works for over a year prior with the Town of East Hampton Building Department. The Hilltop building, which had been 36 rental cooperative units with additional staff housing, was tackled first. This decision was taken because one side of it was so weather-beaten over the 50 years that it was in actual physical danger of falling into the sea. By the end of 2007, all of the infrastructure work was done and the Hilltop Building was completed. The largest of the buildings, Salt Sea, was tackled next and completed in 2009.

The claims about the gross violations going on at this property continued, many of them now from one member of the planning board, Sylvia Ogilvy. While freely acknowledging that a renovation does not need to be brought before the planning board but can be handled entirely by the building department, she however claimed that things were going on at the Panoramic that absolutely needed to be receiving planning board approval. She essentially claimed that the late Don Sharkey, the head of the building department at the time, was keeping the project from the Planning Board. She pointed to the fact that the ground was broken almost immediately after the purchase. Obviously the buyers knew ahead of time that the thing would go ahead with just Building Department Approval. There must have been some hanky panky going on before they even owned it. She said that some buildings had been enclosed where there had merely been decks and porches before. There was a claim made that one of the parking lots had been re-graded, which, if true, would require planning board permission. There was a charge that third floors had been built above the buildings.

The claims about the Panoramic reconstruction were published in one East Hampton newspaper, which additionally stated that there was one entirely new building that had not been there before. Actually, they state that the building was erected within the dune or perhaps on the beach itself. You could see it on the plans published at panoramicview.com. There were dormers that had not been there before. The claims made got so much publicity that I was even moved to write about it. I said there had only been two teardowns for code violations in Montauk in the last 50 years. I described them. One had been in the 1960s and the other in the 1970s. Would the Panoramic be the third?

My article resulted in Adam Manson, the director of the project for the firm Distinctive Ventures of Great Neck, inviting me down to the Panoramic to see the place for myself. I asked him if he had aerial photos of the place from before the renovations and the same aerial views from after the renovations and he did. He also would walk me through the project and show me everything that was going on.

Manson is a tall man who is very direct and clear with what he talks about.

Bottom line is that none of the claims are true. Every step of the way, the project proceeded through the East Hampton Building Department, the East Hampton Fire Department, the Suffolk County Health Department, the East Hampton Planning Department for Landscaping and Lighting permits, and all with the idea that the windows would be exactly where they were before, the doors would be where they were before, the walkways-because they were brick walkways they were considered pre-existing- could remain the same if repaired exactly where they were, and that the rooflines and footprint would remain the same.

"The only exception to this is where we needed roofs to be brought up to State code," said Manson. "We also received permission to build a series of small dormers with narrow windows in them where the roof had been before. The Architectural Review Board liked the idea to improve the curb appeal of thebuilding. It's not a third floor. It just creates a small, high window that brings more light into the building."

I asked him about the new building reported to be on the site. "Was this, perhaps, a shed?" I asked.

"There is no new building. On our website, we show the architect's floor plans for the buildings. Unit 10 of the Salt Sea Building has always had a second floor. The plan on the web site for the new pre-existing second floor, to show it to the general public, was placed alongside the first floor. It's a way an architect shows a second floor. Unit 10 is attached to the Salt Sea building; there is no additional stand-alone extra unit built in what would be the beach or as depicted in the ocean.

"The re-graded parking lot, which would have been required to have Planning Board approval, had not been re-graded. The County wanted us to put in a new underground sewage system in that area. Somebody must have seen the big pile of dirt we had dug up during the system install. Maybe this,supposedly, was what they thought was re-grading. The survey of the property shows the elevations the exact same before and after construction."

The County wanted all of the old oil tanks dug up and replaced with propane which, if it leaked, would not pollute the ground. That was also completed. I asked about newly enclosed units. I hadn't seen any. We went to look at the aerial view photos of before and after. There weren't any enclosed units visible.

What about the unpaid sales taxes?

"We sent the town attorney the cancelled checks. Apparently they had lost track in the bookkeeping of where they had put the funds."

Eight-story building? No. Elevator? No.

The Panoramic View is no longer a series of motel buildings with 20 and 30 tiny units. It has the same buildings-the Architectural Review Board approved a series of lovely decorative brick chimneys on the roofs of them to break up the large roof-but with larger units, some of them duplexes. It's more in keeping with what people want these days. The Panoramic View received a license to co-op in 1984. It's got a right to do this.

I have to say that the new units are gorgeous. They have a nautical theme. The sea is right there outside. You can sit in a hot tub on the deck and look out. They are a credit to the community.

The Panoramic View is open all winter. Rooms are being rented for the weekend and nightly. They were sold out for Valentine's Day. The residencies are built for enjoyment all year round. See for yourself. And in the gorgeous newly renovated lobby-with a living room where a back office once was-you can consider buying one of these large units for just upwards of $2 million. An on-site management company will rent them out for you when you are not there and you'll get some money back from that. The French family would be proud.

I think, also, the community should be proud. Everything on the ocean needs a renovation after half a century. The buyers found bees, termites and carpenter ants in the crumbling corner foundations they replaced in the Hilltop building. But if certain people in the town and local newspapers give everybody such a hard time, it will make everything very hard to do and no others will embark on such great endeavors.

Press Release 02-01-10 - Another luxury ocean front unit sold, sale price $3.05 million

Thu, 11 Feb 2010 00:00:00 -0500

FOR IMMEDIATE RELEASE

Media Contact: Ed Bruehl, Sales Director

Direct Phone: (631) 668-3000

Direct Email: ed.bruehl@distinctiveventures.com

URL: www.distinctiveventures.com

Distinctive Management Expands its Portfolio in the Hamptons

Panoramic View and Sea Crest Resorts Now Open All Year

MONTAUK, NY (Feb. 1, 2010) – Distinctive Management is pleased to announce a number of exciting developments with its luxurious resort and residential properties in the prestigious Hamptons.

Distinctive Management, a subsidiary of Distinctive Ventures LLC, has acquired management contracts with the Sea Crest on the Ocean Resort and the historic Montauk Tower. The Sea Crest, situated on 8.3 oceanfront acres between Amagansett and Montauk, offers stunning ocean views and a relaxing environment for homeowners and vacationers. The resort features an outdoor heated pool, tennis courts and beach services, as well as convenient access to restaurants, shopping, golf courses, marinas and other amenities. The property—which recently completed a multi-million-dollar exterior renovation—has studios, as well as one-, two- and three-bedroom units available for nightly rental or for sale. The units can be purchased through Distinctive Management’s brokerage division and can be immediately enrolled in Distinctive’s flexible owner-rental program. The Montauk Tower is a seven-story structure with 21 luxury condominiums located in downtown Montauk. The beautifully-appointed condos offer magnificent views of the ocean and bay, breathtaking sunsets and access to private parking and a heated pool.

“Distinctive Management prides itself on exceeding expectations and offering extraordinary private, luxury residences featuring stunning ocean views,” said Sales Director Ed Bruehl. “The Sea Crest Resort and Montauk Tower provide exceptional ocean view value in breathtaking locations and at unbeatable Hamptons prices.”

The Sea Crest Resort and Montauk Tower complement Distinctive’s most prestigious property: the Panoramic View Resort and Residences. The 10-acre Panoramic View boasts amazing ocean vistas, 1,000 feet of sandy beach, outdoor heated pool and lavish hillside dwellings. The resort units are replete with kitchenettes, large picture windows, private terrace/balcony, porters and daily maid service. The newly-developed Distinctive residences are one- to five-bedroom units ranging in size from 1,500 to 6,000 square feet. “The Panoramic View Residences are the Hamptons’ only full-service, turn-key oceanfront coops,” Bruehl said. “They are simply the finest luxury oceanfront units on the market.”

For more than 50 years, the Panoramic View has delivered the ultimate in carefree, oceanfront relaxation. Front desk, porters, housekeeping and attendants ensure that its residents and resort guests have more time to enjoy the beauty of the oceanfront accommodations. “The Hamptons was missing truly distinctive resort and residential properties—the ideal getaway, where a professional staff is always there to serve you,” said Adam Manson, the Director of Distinctive Management.

Distinctive Management had a very successful year in 2009, acquiring, growing and enhancing multiple properties in the Hamptons. The company is furthering its development activities with an impressive renovation of Panoramic View into luxury coops. Since purchasing the property in 2007, Distinctive Management has fully renovated two of the five buildings on the property. “The next phase of the renovation is expected to commence at the end of the summer season,” Manson said.

As an added benefit, for the first time in 50 years, the Panoramic View Resort is now open all year. “This represents a terrific opportunity for our guests and future owners to experience how magical the Atlantic Ocean is during the winter months, not to mention the uncrowded splendor the Hamptons has to offer this time of year,” Bruehl said.

Additionally, the Panoramic View has sold another luxury, oceanfront unit for $3.05 million. This exquisite residence has three bedrooms, three and a half baths, and 24-hour concierge services, in addition to the full amenities offered by the resort. The sale of the luxury unit is a testament to the Panoramic View’s perpetual appeal to buyers in the multi-million-dollar market. Each residence at the Panoramic View reflects superior style, detailing and workmanship catering to the exacting standards of the most discerning individuals.

The Panoramic View, the Sea Crest Resort and the Montauk Tower provide the ultimate in luxury, comfort and tranquility for Hamptons residents. For more information about these Distinctive Management properties, please visit www.distinctiveventures.com or contact Ed Bruehl directly at (631) 668-3000

Hamptonian Article

Wed, 04 Nov 2009 00:00:00 -0500

Hamptonian Article fearturing the Panoramic View

House Magazine Article

Wed, 28 Oct 2009 00:00:00 -0400

House Magazine Article

Hamptons Daze Photo Shoot

Wed, 28 Oct 2009 00:00:00 -0400

Hamptons Daze Photo Shoot featuring Reshma Shetty at the Panoramic View Sept 2009

Panoramic View Commercial

Wed, 28 Oct 2009 00:00:00 -0400

To see our new commercial please click here: Panoramic Commercial 09

Press Release July 2009

Tue, 29 Sep 2009 00:00:00 -0400

MONTAUK, N.Y., July 14 /PRNewswire/ -- "The Hamptons" are located along some of the most pristine beaches on Long Islands' eastern-most shores and recognized as a resort and permanent residence for the wealthy. As such, the area serves as first, second and third homes to affluent families from both Manhattan and around the world. The Hamptons currently holds residency for at least thirty-five billionaires.

On over 10 acres with 1,000 feet of private white sandy beach, the Panoramic View has been a renowned destination for more than fifty years, located on perhaps one of The Hamptons' most scenic beaches. The Panoramic is nestled into a picturesque hillside with each building perfectly situated, affording each residence with spectacular ocean views.

The Panoramic View Resort & Residences are currently being redeveloped by Distinctive Ventures in phases, with all of the amenities, details, style, materials, craftsmanship and quality of construction expected and demanded by the most discerning buyers of multi-million dollar luxury homes. Distinctive Ventures is based in Great Neck, New York and managed by Mr. Adam Manson. As explained by Mr. Manson, "Each residence has breathtaking views, on-site management, concierge, porter services, pool and beach attendants, maintenance services and housekeeping upon request. Homeowners also enjoy the on-site heated pool and luxury cabanas that overlook the ocean, along with the fitness and business center."

According to the property's Sales Director, Mr. Ed Bruehl, "There will be a total of 68 newly designed and constructed one- to five-bedroom residences, ranging in size from 1,200 to 6,000 square feet, starting at $1,500,000." Bruehl further states, "There is an extraordinary value and opportunity with this property for residential ownership. Your research will show that a market for newly constructed, ocean front residences with unobstructed views for under $10,000,000 simply does not exist on this shoreline. The opportunity to purchase a new 4-bedroom, 4.5-bath, oceanfront residence with all possible services and amenities for $5,000,000 is unrivaled in the market." This past week, a new 3-bedroom, 3.5-bath co-op residence was sold at more than $1,600 per square foot, $2,800,000 on the property.

The stunning oceanfront location combined with on-site services and maintenance is very attractive to buyers who typically already live in the Hamptons. "One buyer moved from an estate in Montauk where they were tired of personally dealing with all it takes to open, close and maintain a second home. It was a horizontal trade with a much easier property to use and enjoy. Another buyer was a past renter who had been looking for a home and this just made the most sense: they enjoy it when they are here and we maintain it when they are away. Yet another sale was made to a buyer from the city who loved coming out to The Hamptons and has dreamed of living on the ocean for years. At the request of this client, we provided all the furnishings for their unit," Bruehl noted.

As a resident, you can sit back and watch the waves break on the sandy white beach from your private mahogany deck. There is no need to be concerned about beach chairs as the staff will be waiting for you on the sand along with your towels. It's all just a phone call away to the 24/7 on-site concierge service. No expense has been spared in creating this elegant seaside retreat. The professional on-site staff can take care of any need, according to the General Manager, Mr. Harvey O'Brien. "Want your refrigerator stocked before your arrival? Turn up the heat or air conditioning? No problem. Our job is to do all the work, so you can enjoy your precious time with friends and family." This is a property that must be seen and experienced during all four seasons to truly understand the exclusivity, privacy, beauty and close proximity to the villages of Amagansett, East Hampton and Montauk.
"We invite you to come by for a tour of the property and experience a truly Panoramic View, as there are now only 17 residences available. This is carefree living at its best," stated O'Brien.

For more information, please visit http://www.distinctiveventures.com/panoramic-view/ or call 631.668.3000.
Contact:Mr. Ed Bruehl, 631.668.3000
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com .

Exquisite Food Announces Exclusive Catering Partnership with Panoramic View Resort and Residences

Tue, 24 Feb 2009 00:00:00 -0500

(MONTAUK, NY, February 6, 2009) –– Simon Sheridan, chef-owner of Exquisite Food, one of the Hamptons’ premier wedding and event caterers, has announced an exclusive new partnership with the Panoramic View Resort and Residences.

Located in Montauk on ten spectacular oceanfront acres boasting 1,000 feet of pristine sandy beach, the Panoramic View provides an unparalleled setting for sophisticated events. From breathtaking beachfront weddings to casual poolside cocktail parties; elegant dinner gatherings to lobster bakes and “green” menus; to corporate, celebrity or charity events – the combination of this impressive oceanfront location with the extraordinary expertise of Exquisite Food provides the perfect combination for a truly memorable event.

Despite the miles of sandy beach from Westhampton to Montauk, for many years, brides have had only two venues to choose between when planning an oceanfront wedding reception: Atlantica in Westhampton Beach or Gurney’s in Montauk. Adding the Panoramic View to the mix raises the Hamptons wedding reception to a whole new level – well above the sea! “There is simply no other oceanfront venue in the Hamptons quite like the Panoramic View,” says Exquisite Food’s Simon Sheridan. “The grounds feature numerous decks, lounges, and a private sandy beachfront, nestled into a cascading hillside perched high above the Atlantic. This magnificent property provides the perfect setting for an Exquisite Food event.” Guests may also book rentable resort rooms at the Panoramic View and enjoy a stay before, during or after their special event.

The Panoramic View’s romantic setting holds a special place in Chef Sheridan’s heart as well: he and his wife Lynn were married there in September 2005. “Our wedding guests were blown away by the stunning oceanfront location. My special memories of that day inspired me to offer the same kind of breathtaking experience to brides and others.”

In addition to its exclusive partnership with the Panoramic View, Exquisite Food has also been named the exclusive caterer at the elegant Baypointe Yacht Club Condominium, a private five-acre residential community on Moriches Bay in Westhampton Beach, operated by Distinctive Ventures LLC (owners of the Panoramic View Resort and Residences).

For information about booking a special event, contact Exquisite Food at (631) 827-6000.

ABOUT EXQUISITE FOOD

In the Hamptons and beyond, Exquisite Food is renowned for its culinary excellence, creative presentation, inspired menus and unfailing attention to detail. Named one of Hamptons magazine’s best private chefs (to many high-profile Hamptons’ luminaries), Simon Sheridan provides the highest caliber service and cuisine, and personally attends every Exquisite Food event, to ensure that every detail is perfect. Exquisite Food menus are always custom designed, with a focus on fresh, local, and organic ingredients; “Green” menus are offered as well. Our aim is to dazzle your guests with the most delicious flavors from around the corner and around the world.

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

Panoramic View Luxury Residences

Mon, 09 Jun 2008 00:00:00 -0400

PRESS RELEASE—September 6, 2008
Contact the Panoramic View Office 631-668-3000
Sales Director Ed Bruehl 646-752-1233 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

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