New Mansion Going Up On $147 Million East Hampton Estate

He doled out an eye-popping $147 million for his 16-acre oceanfront estate in Further Lane in East Hampton, and now he’s starting to build on it, much to the chagrin of neighbors.

Hedge fund manager Barry Rosenstein broke real estate records in May 2014 when he purchased the multimillion-dollar property. The work on his new mansion, which is replacing the mansion that was already on the property, apparently began this June and has been wearing some neighbors down.

According to a recent New York Post article, residents complained that the construction lasts from morning to evening, with a special blend of noise and rattling vibrations that comes from workers driving pilings into the ground.

Public records show that Mr. Rosenstein plans to build a 16,300-square-foot primary residence with a wealth of amenities, including a theater and projection room, walk-in freezer, staff lounge, a regular lounge, two wine rooms, and a sizable “laundry services” area. There will also be a bar off the living room, a yoga space, and an outside area called “Barry’s Terrace.” In addition, a reflecting pool will run perpendicular to an 82-foot lap pool.

The pools will be accompanied by a new 2,656-square-foot pool house, which recently received approval from the village’s Zoning Board of Appeals. It will replace two historic Dominy craftsmen’s workshops. Mr. Rosenstein is donating the timber-frame, 18th-century landmarks to the village. They will be relocated to North Main Street, where the general public will be able to see them. The pool house area will mimic the setbacks, gross floor area, and height of the Dominy buildings and has been nicknamed the “Dominy Pavilion.”