Stone Horse Dormitories Sold To Ocean Edge Owners
SOUTH HARWICH – The Stone Horse dormitories property located along Route 28 have been sold to Route 28 Harwich Holdings, LLC, which is managed by Corcoran Jennison Companies, owner of the Ocean Edge Resort and Golf Club in Brewster. The limited liability corporation purchased the dormitories on Jan. 10 for $8,150,000.
The Stone Horse dormitories have provided housing for several resorts, restaurants and retails stores in the area. It is unclear if the dormitories will be occupied exclusively by Ocean Edge staff or if workers from other local businesses will continue to have access to the seasonal rooms.
Calls to Corcoran Jennison Companies general counsel John Mostyn for comment were not returned.
The property was owned by Ronald Rudnick of Chatham under the name Main Street Stone Horse, LLC. Rudnick purchased the 2.61-acre property for $750,000 in 2019 from Outer Cape Health Services, Inc. The motel units on the site were demolished and replaced by two 45-room dormitories.
The facilities have been used on a seasonal basis for workforce housing. It is expected the rooms will continue to be used in that fashion based on the conditions of the site plan special permit approved by the planning board.
The dormitories have a total of 90 bedrooms, usually accommodating two residents each, for housing seasonal (summer, spring, fall) workers with no more than 20 rooms that can be used year round, between Nov. 15 and April 14 annually, according to the site plan special permit.
Over the past few years there were site plan noncompliance issues that stood in the way of a permanent certificate of occupancy for the dormitories, though the dormitories continued to be occupied.
When Building Commissioner Jack Mee came on board more than a year ago he pursued the matter, and after seeing progress in meeting the permit conditions, he issued a temporary certificate last spring. But it took several months of meetings between the planning board and the property owners to resolve outstanding issues.
The temporary certificate of occupancy expired on Sept. 15, but tenants were allowed to continue living in the dorms through the end of October. In October, the planning board approved a site plan modification special permit for the property. Mee said this week the certificate for occupancy was issued on Nov. 9.
On Dec. 14, OSPILLC, a newly registered entity managed by Corcoran and Jennison, purchased the 27-room Old Sea Pines Inn on Route 6A in Brewster for $2,475,000.
In 1980, Corcoran Jennison Companies bought Ocean Edge, the former LaSalle religious order estate in between Route 6A and Cape Cod Bay in Brewster. Ocean Edge is now a 426-acre hideaway with 1,000 vacation villas, a 330-room luxury hotel, championship golf course, private beach, pools, tennis courts and a fitness facility.
Corcoran Jennison Companies is an asset and property management firm providing services to investors, clients and partners in the hospitality industry. The company also owns and operates hotels, resorts, golf courses and conference centers, according to the website. The company has developed properties valued in excess of $3.5 billion, according to its website.
Harwich Chamber of Commerce Executive Director Cyndi Williams said on Tuesday that she had heard rumors the Stone Horse was being sold from a local restaurant owner, who was concerned about housing for the staff if the property was sold.
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