Port Jefferson Village’s Chandler Square, the beloved purple brick purchasing center exactly where you can sip a regionally brewed beer, seize a cone from the ice cream window, or get a pair of trendy footwear, has a new owner.
The Northwind Group has obtained the combined-use residence for $8.2 million.
Chandler Sq. actually is composed of three separate buildings, with 12 retail areas and 24 rental apartments, like The Port Jeff Brewing Business, Slurp Ramen, the seasonal Chandler Square Ice Cream shop, and artist Jennifer Hannaford’s gallery.
The 45,000-sq.-foot room sits on a .83-acre house.
These days, Chandler Square has fallen into obvious disrepair, but the team has explained that they will address the situation.
Port Jefferson Mayor Margot Garant informed GreaterPortJefferson.com that the village is enthusiastic about the variations Northwind will deliver to the walkable open up air searching strip.
“We glance forward to a new neighborhood proprietor assisting bring vitality and upgrades to this all-significant corner and outdoor plaza, which has been neglected for significantly way too very long,” Garant stated.
The Northwind Group also made and owns the 53-device Overbay apartment complicated, close to Chandler Square on West Broadway. The flats overlook Port Jefferson Harbor and are following to The Shipyard luxurious apartment complex.
Jim Tsunis, operator of Northwind Group, mentioned Chandler Square suits properly into the company’s portfolio.
“The site of Chandler Sq. falls in line with the boutique manufacturer that we would like to deliver to Port Jefferson,” he claimed in an email to GreaterPortJefferson. “Port Jeff is a grand space and with this acquisition we hope to reform Chandler Sq. to have a extra modern-day sense.”
In the brief-time period, the strategy is to provide the assets up to Northwind’s criteria.
“Our extensive-expression goal is to make this the showplace of the Village of Port Jefferson,” Tsunis said. “We system on meeting with village officers in advance of creating any options to renovate the assets.”
At this time, the retail portion of the home is 100% occupied.
Real estate agent Maria Palmar, with an business office at 202 East Principal St., brokered the sale. Amongst other household and commercial true estate transactions in and all around the Village of Port Jefferson, Palmar has been leasing each the retail and household units at Chandler Sq. for about 15 decades for the former owner, bringing in the Port Jefferson Brewery, Shoe Tabu, Sweet and Savory and Renaissance, which is established to occupy the aged Village Way house.
She claimed the entrepreneurs of the new cafe will preserve the integrity of the Village Way’s legendary glimpse intact, while updating it to a pub and restaurant principle. They are now ready for closing permits in order to open up at some stage in August, she reported.
Palmar experienced been seeking to market Chandler Square for two yrs. Tsunis arrived to her to negotiate a deal with the sellers.
“He said, ‘Maria, I have been hunting at Chandler Sq. for a long time. I want Chandler Square,’” she advised GreaterPortJefferson.
Tsunis mentioned that his serious estate attorney Scott Zamek was also instrumental in attaining the assets.
Palmar reported that she has introduced hundreds of residential rental leases and around 60 stores to Chandler Sq. but Northwind has its individual leasing agent for the area. She reported she is self-confident Tsunis will do what requires to be performed with the residence.
“He will make it wonderful,” she explained. “This is what has been desired.”