The Out is coming out…. to Fire Island. Ian Reisner, owner of New York’s The Out Hotel, has purchased Fire Island Pines at auction, the commercial district along the harbor on Fire Island (on the other side of Long Island). Together with PJ McAteer, owner of the local Sip & Twirl nightclub, he plans to bring the district back to life following the fire that destroyed The Pavilion nightclub back in 2011.

Ian Reisner and PJ McAteer have bought the 320 feet of dock side frontage making up 80% of the commercial real estate space on Fire Island Pines for $10.1 million.

A strip of commercial real estate along the harbor in Fire Island Pines sold for $10.1 million at auction on Thursday to developers with plans to continue the revival of a former mecca for closeted gay men.

The sale price was well below the $25 million the previous owners sought when they placed it on the market last fall, and below the $17 million they paid for it in 2010. In a deal hammered out over more than six hours, the property was bought by Ian Reisner, who also owns the Out NYC, a hotel on West 42nd Street in Manhattan that focuses on a gay clientele. The deal is expected to close in February.