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Meet the mysterious restaurateur purchasing up high Hamptons locales

The person who’s on his technique to proudly owning essentially the most precious waterfront assets in Montauk is a Greek immigrant and restaurateur who owns 3 NY eateries and a development empire — in spite of beginning his existence in The united states operating in a manufacturing unit.

However no longer a lot more appears to be identified about Merkourios Angeliades, 77, who has been quietly assembling waterfront homes at the Hamptons’ maximum japanese lead to hopes of establishing a brand new luxurious hotel that may rival Gurney’s Montauk Hotel and Seawater Spa, and Gurney’s Big name Island Hotel and Marina.

Even essentially the most hooked up locals have been drawing a clean remaining week when requested about Angeliades, who’s poised to change into one of the vital sought-after businessmen within the Hamptons.

“Nobody in reality is aware of him,” mentioned one particular person concerned within the sale. “He could be a very behind-the-scenes roughly man.”

What is understood is that for the previous two years, Angeliades, the landlord of Kyma Greek eating places in Roslyn and Long island, has been quietly negotiating the acquisition of Montauk homes owned by way of the Gosman circle of relatives, which introduced its mythical Montauk Harbor empire with a lobster shack in 1943.

Angeliades lately got two resorts from the Gosmans and an adjoining acre for $eight million. He additionally signed a memorandum of settlement to shop for their major advanced, which incorporates Gosman’s Dock, Gosman’s Eating place, Gosman’s Wholesale Fish Marketplace, and Gosman’s Retail and different homes that encompass it.

The homes, 14 acres in all, carried a $52.five million price ticket in 2016. There was once a large number of festival, one supply mentioned.

Angeliades jumped in — beating everybody else out — after coming near George Filopoulos of Metrovest Equities, who co-owns Gurney’s Hotels with BLDG Control’s Lloyd Goldman, about the potential of opening a brand new hotel, assets mentioned.

However Angeliades didn’t have ties to Montauk and isn’t a ship proprietor, assets mentioned. As an alternative of vacationing right here, he’s in Greece, and may no longer be reached for remark.

In a 2010 interview he gave to Greek-American newsletter The Nationwide Usher in, Angeliades, who’s referred to as Mike, mentioned he labored in a manufacturing unit for 85 cents an hour when he first arrived in the United States. On the time he desperately sought after to go back to his house within the island of Simi.

Now, Angeliades owns Lengthy Island Town development trade M.A. Angeliades, which has executed a large number of paintings for town, together with tasks for Rikers Island jails and the MTA.

His largest scandal seems to be from 2010, when he, his daughter Irene, and two union staff pled accountable in Bronx Excellent Court docket in a swindle involving greater than 300 staff and $600,000 in wages for town tasks.

The daddy-daughter duo paid workers at M.A. Angeliades $20 an hour in money for time beyond regulation, weekend or vacation shifts for development jobs however reported upper wages — and pocketed the variation, prosecutors mentioned.

His spouse’s title is Libby and they’ve 4 daughters, in keeping with The Nationwide Usher in.

Angeliades additionally owns 3 fashionable Greek eating places — a taste he may deliver to his Montauk hotel. Along with Kyma in Roslyn and the Flatiron district, he has a 3rd Greek eating place, Elea, at the Higher West Facet.

“Nobody in reality is aware of about his involvement with Kyma and Elea,” mentioned the supply concerned within the deal. “He’s the primary monetary investor, the cash at the back of the eating places. However he assists in keeping his ego out of it.”

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