New York’s Gay summer enclave known for its tight tan bodies, iconic parties and endless nights of debauchery could be yours for a mere $22 million. That’s right! In just two short years after FIP Ventures reportedly paid a whopping $17 million for 80% of the commercial property on Fire Island Pines, it’s rumored to be for sale. The $17 million paid was a bit high considering the prior owners paid $5 million in 2004, according to an unconfirmed source at the New York Times. Other published reports tell the previous owners did spend a reported $2 to $5 million over the years to spruce up the properties including rebuilding the nightclub.
However, an asking price of $22 million is quite an optimistic goal considering the property is missing one of its main attractions – The Pavilion nightclub. The Pavilion was destroyed by a fire in November along with an adjacent building that housed the only other bar in the pines, Sip N Twirl. The Sip N Twirl’s owners have vowed to rebuild in time for the Pines’ most important summer season. Given the unusually warm Winter in the Northeast and the enthusiastic owner of Sip N Twirl, PJ McAteer, New York’s Gay-List will have a place to dance the night away this summer.
The sale of the Pines’ largest commercial property is fueled by the lack of progress being made on rebuilding the Pavilion; as of today it remains a plot of sand. An inside source tells me there have been discussions of holding High Tea, the popular early evening party, around the hotel pool area. The pool area with its one small bar will be a tight fit for close to 1,000 thirsty boys who gather for pre-dinner cocktails and dancing.
Don’t expect these rumors to be confirmed anytime soon. Homeowners and realtors feel uncertainty about the commercial property will drive people away. It might be time to break up the property in the Pines; the one-owner-of-80%-of-everything model is not working. The lack of competition in the pines had driven down services and increased prices. The Pines’ neighboring community, Cherry Grove, has several different bars and restaurants under diverse ownerships and is able to offers its residents a more diverse dining and entertainment experience.
Most of the boys are locked in for this summer, but what this might affect is the young day-trippers who come in for the day (and maybe the night if they’re lucky) who can’t afford pricy shares. Once the word gets around town that Fire Island is a bit of a bust this season the boys may venture to the Jerseylicious Asbury Park to get their guido on.
Check Out this Post for The Follow to This Story: Fire Island In Chaos?
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