Fine men’s clothier Todd Snyder is joining the retail rush
to the Hamptons.
Steve Asch of City Connections Realty brokered a summer season lease for a 2,000 s/f store formerly occupied by Brandy Melville at 50 Main Street in East Hampton.
Hal Zwick of Town and Country Realty represented the landlord
in the deal, the latest among a rash of retail leases signed as the coronavirus
drove Manhattanites to the Hamptons.
With wealthy New Yorkers opting to work from home at their
beach houses, retailers including maternity brand Hatch, Paul Sargent and
American Eagle have signed summer leases while Bergdorf Goodman and Saks Fifth
Avenue are operating a complimentary same-day delivery service to the Hamptons.
The exodus from Manhattan has also helped lift the Hamptons
housing market from the doldrums. Douglas Elliman reported the median price of
a single-family home reached a record $1.1 million in the second quarter of
2020 even as prices nose-dived across the city.
Driven by wealthy new Yorkers fleeing the coronavirus
claiming the mean streets, the average sale price hit $2.1 million
While the Hamptons has long been the summer playground of
the Manhattan elite, the sudden influx that began in April this year sparked
fears of COVID clusters.
To date, 1,996 Suffolk County residents have died from
COVID-19. Currently 42 people are hospitalized in Suffolk where 5,610 people
have been treated and released since March 22.
