A $43 million project to developer a hotel in Southold has received preliminary approval for economic incentives from the Suffolk County Industrial Development Agency.
Enclave Southold LLC plans to renovate an existing historic 3,764-square-foot home at 56655 Main St. and construct a 72,979-square-foot hotel on the 6.7-acre property.
The development called The Enclaves will include the hotel with 40 guest rooms, four cottages with private housing space and hot tubs, indoor and outdoor pools, a spa with four treatment rooms, exercise rooms, two restaurants and 4,170 square-feet of event and meeting space. The historic home on the property will be transformed into a 74-seat restaurant that will be operated in conjunction with the hotel, according to a Suffolk IDA statement.
The property, which had previously operated as The Hedges Bed & Breakfast, was purchased in 2015 by Enclave Southold principal Jonathan Tibett with the eventual goal of developing a full-service hotel on the site.
“We are incredibly thankful to have the support of the Suffolk County IDA on the construction of the Enclaves Hotel and restaurants project,” Edward Glackin of Enclave Southold LLC, said in the statement. “When the property was initially purchased, it was home to the Hedges Bed & Breakfast with the dreams of one day being home to a luxury hotel for visitors to Long Island’s North Fork to enjoy. Due to the support of the Suffolk IDA, that goal of creating a world-class hotel and additional lodging for those visiting our region, will now be possible.”
The 51 new full-time employees to be created by the project will have an overall annual payroll of $2.3 million. The development will also greatly increase tax revenue from the site, bringing in more than $1.27 million in additional tax revenue over the course of 15 years. With increased tax revenue and by supporting and using local vendors on Long Island, the project has been calculated to provide an overall public benefit of more than $8.5 million, according to the IDA.
“This project checks all of the boxes. It will help satisfy a growing need for quality hospitality options on the North Fork, significantly increase tax revenue and create jobs all while keeping up with the aesthetic of the surrounding area,” Kelly Murphy, acting executive director of the Suffolk IDA, said in the statement. “We’re proud to provide our support to this project that will provide real economic growth for the area as well as local businesses while also bolstering Long Island’s tourism sector.”