Runyon Group Revamps Water Mill Retail

The Runyon Group just dropped $39 million on Water Mill’s biggest retail portfolio ever, snagging 84% of the space to overhaul the area into a curated, community-driven destination. Moving away from generic luxury shops, they’re restoring buildings, blending practical and stylish tenants, and upgrading outdoor spaces to combat traffic-driven avoidance. With a track record of spotting rising brands and building successful hubs like Platform in LA, they’re aiming for long-term ownership, balancing locals and summer visitors with unique, high-quality offerings. Construction kicks off this fall, promising a Hamptons retail scene that feels authentic, inviting, and refreshingly different. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/695158e3e8ae103a