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Fashionable Acquisition

By: Laura Mann
Published: 2/5/2010Source: Newsday

Designer Tory Burch has paid $16million for a portion of the Westerly estate in Southampton.

 

The sale closed two weeks ago.

 

Tim Davis of The Corcoran Group confirms that Burch purchased six acres of land and the 25-room Georgian Revival mansion once owned by the late attorney Howard Gittis. Davis says a neighbor has paid $16.5 million for the remaining 7.3 acres on the former estate.

 

A carriage house on the estate is now also in contract for $6 million. That sale will close in a few weeks, Davis says.

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