Montauk Yacht Club has a new owner

Metrovest Equities and BDLG Management recently completed the acquisition of their new entity, Montauk Yacht Club Resort & Marina. The two firms also own another company called Gurney Resort. Initially, the two companies had a capital of $55.6 million set for this purchase. The purchase was facilitated by ACORE Capital that gave the firms a renovation loan. ACORE Capital’s financing comprises of a mortgage loan as well as a mezzanine that is supposed to be paid within 60 months. The business was completed on 2nd May after a short discussion as almost everything had been agreed earlier on.

The newly acquired property is the second one that the company has in the Hamptons Hamlet. The other recreational property in this area is Gurney’s Montauk Resort & Seawater Spa. In total, the companies have three resorts now having acquired another one in Newport in 2017.

..The New York Post newspaper first reported the news regarding the completion of the purchase deal. The paper said that the deal was closed after the two parties agreed on a $60 million payment. Island Global Yachting that is owned by Andrew Farkas previously owned this resort. It is built using the latest state of art technology and has a 232-slip marina that can hold vessels that are 220 feet long.

Evolution of the Montauk Revolution https://www.hamptons.com/Real-Estate/Hamptons-Estate-Of-Mind/22402/The-Evolution-Of-The-Montauk-Revolution.html#.XTp1pegzY2w

Montauk is the white-hot destination for the millennials on the most eastern tip of Long Island. Celebrities galore are being seen in Montauk as they were in the late 1960's and early 1970's when some of The Beatles, The Rolling Stones and the "avant-garde" friends of famous photographers Peter Beard and Andy Warhol were running around Montauk with their entourages. So let's look back to see how Montauk has evolved.  ..

The Pearl Harbor aftermath had both the US Army and Navy come to Montauk. In 1942 Camp Hero (named after the Army's chief of coastal artillery of the 1920-1930's, Gen. Andrew Hero) was opened as part of the US coastal defense network. Also in 1942 the US Navy gave the residents of Montauk Village thirty days notice that it was going to demolish everything and locate a facility to test torpedoes. That was not real popular with the locals. 

Post WWII, the US Air Force came into Montauk and built the huge radar station to track Russian planes and missiles. They left for good in in 1981. 

During and after World War II there was a lot of new growth activity in changing Montauk. A prime example is the story of Gosman's dock. In 1943 Robert Gosman purchased what is now called Gosman's Dock from the Bonner Fuel Company. Roberta Gosman Donovan, Robert's daughter recalls, "It was where people bought fuel, back then there were only two docks, Bonner's and the Montauk Yacht Club." In fact, before the dredging according to Roberta one could actually walk from Gosman's dock out to Star Island over the mud in the harbor.

"In my memory, as an underage person then, the hottest (most notorious place) in the early '70s was the Pirate's Den. It had an open rooftop strung with lights and everyone could see and hear people dancing at night," she said. "It was fascinating and there weren't that many houses nearby." That locale is now The Sloppy Tuna. "That building got a beautiful overhaul in the mid-70s and became the Sunrise. That was full day and night. Daytime drinks on the front deck, sometimes to go," added Delia. "Mom and Dad would imbibe while the kids played in the ocean. At night, everyone 18 and up would flock there, nicely dressed to see and be seen, having dinner or dancing to disco music or just meeting summer loves. It was clean and light inside and out." 

At this same time, The Rolling Stones spent a summer staying at Andy Warhol's Montauk estate, reportedly drinking, playing pool and the piano at the Memory Hotel.

When asked about the 1980's, PJ Delia said, "During the '80s, that same place became a succession of other clubs. I think the Mimosa was the best one at that location in that time. The hottest place during the '80s hands down was The Montauk Yacht Club. Celebrities and the extremely wealthy flocked there. Seaplanes were dropping off guests all day long, all week long. Fashions were started there, including the Members Only jackets, remember them?"

I went to the opening weekend (April 30, 2008) of The Surf Lodge with Montauk legend Carl Darenberg. In ten seconds we both could see the change coming to Montauk. We were introduced to the next generation of folks discovering Montauk. The crowds that year were unbelievable. Soon what I call the "Surf Lodge effect" drew in the Hollywood superstars. Think about it, Leonardo DiCaprio could and would hang out in the south of France, or Malibu, or Miami, yet there he was now at the Surf Lodge in Montauk. That brings us to the present time where Montauk may be one of the centers of "Millennial Culture." While the locals feel like the town is being invaded, it is really a new generation discovering "The End" of Long island via the "scene" in Montauk. 

Aleister Crowley And The Montauk Project - http://www.paranoiamagazine.com/2018/03/aleister-crowley-and-the-montauk-project-a-100-year-old-connection/

After the war ended, the director of the program, one Dr. John von Neumann, was given a new directive — to study the human mind and its inability to withstand interdimensional travel without going insane. Towards this end, Neumann conducted experiments which linked people’s minds to computers, eventually succeeding in capturing human thought through esoteric crystal radio receivers, then storing them in computer information bits.

Fort Hero (Montauk Air Force Base) http://string-theory.wikidot.com/fort-hero

On its furthest edges, the Montauk Air Force Station — also known as Camp Hero — is surrounded by fifteen-foot high razorwire fences, with each gated entrance clearly marked as government property, and that authorization of lethal force is permitted on trespassers. ...The central facility is a four-story concrete slab building, upon which rests an enormous AN/FPS-35 long range radar surrounded by smaller radar and satellite communications arrays. The entire eastern face of the building is consumed by overgrowth, and many of the ground floor windows have been boarded up after vandals shattered the glass in them. A paper notice pasted to the entrances notifies that the building is condemned, yet power substations nearby still hum with activity, and lights on the satellite arrays indicate there is still power going to the building.

Although the area is designated as part of Camp Hero State Park, fully one third of the grounds were off-limits to the public until 2003. Presently, a large area around the SAGE radar facility remains restricted.

Further links:

https://en.wikipedia.org/wiki/Montauk_Air_Force_Station

sage radar https://en.wikipedia.org/wiki/SAGE_radar_stations

Montauk Project https://en.wikipedia.org/wiki/The_Montauk_Project:_Experiments_in_Time

Memory Motel https://en.wikipedia.org/wiki/Memory_Motel

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