Fire Island, New York

Fire Island Pines

Property Type

Hotel, Restaurants, Retail

Role

Development Partner

In 2010, Blesso Properties, in partnership with FIP Ventures, acquired a strategic portfolio of commercial real estate and operating businesses in Fire Island Pines, an oceanfront resort located 90 minutes from New York City. The Pines is the location of the most expensive real estate on Fire Island and along with neighboring Cherry Grove, has evolved into the best-known, wealthiest, upscale gay communities in the world. It serves as the primary gay resort destination for New York City with over 700 owner-occupied or rental vacation houses. The investment consists of a nightclub, hotel, two restaurants, pool deck and other retail and operating assets. The properties stretch along the main pedestrian promenade, encompassing more than 75% of The Pines commercial district.

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