Exact(58)
Ms. Stewart acquired two parcels last spring.
The project is divided into two parcels and phases.
The property, a triangular wedge, is divided into two parcels.
There are several different proposals for those two parcels, allowing varying levels of motorized access.
Taxes on the two parcels had been about $25,000 a year, Mr. Halsey said.
The two own the only two parcels on the block that Mr. Durst does not control.
Under the agreement, Ginsburg Development Corporation will receive $2.5 million for the two parcels and will retain 20.3 acres.
Together, the two parcels give Heartland control of some 850 acres in the middle of Long Island.
Most towns and cities said yes to at least two parcels, he said, but some took none of them.
The property includes two parcels of land, and the guesthouse, with three bedrooms, is steps from the beach.
Toll Brothers has no immediate plans to build the second half of the project — two parcels that don't offer the same unobstructed waterfront views.
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