Buying and selling real estate in the communities of Long Island
Construction of Sag Harbor Bulova site moves along
Construction of the luxury Watchcase Condominium Project — on the site of the former Bulova Watchcase Factory in Sag Harbor — is moving along.
A model unit is slated to be completed by early spring, and the sales office should be ready in April or May, says Craig Wood, a principal of Cape Advisors, the Manhattan-based developer.
Set on 2.3 acres, the historic 1881 four-story factory building, which closed in 1981, is being restored. “The building has amazing characteristics. ... We have done a lot of work to keep some of the elements that are special,” Wood says.
For instance, more than 20,000 original bricks have been cleaned and reused in the construction while research was done to replicate the exterior’s original mortar. The floor system was raised to show off vintage beams, which are being restored. Old vaults used to store precious metals were converted into spaces, including one that will serve as a bar-beverage center. The main chimney stack is being restored as well.
The complex will have 64 residential units, 47 of which will be in the existing factory. A mix of styles will be offered in sizes that range from about 500 square feet to about 4,000 square feet.
Gardens and lawns as well as an outdoor pool, a fitness center, a multipurpose pavilion and underground parking will be part of the complex.
The project is scheduled for completion in early 2014, Wood says, noting that pricing has not yet been determined.