Billy Joel NY Restaurant State of Mind

6/16/2009 6:00 AM PDT

Billy Joel -- NY Restaurant State of Mind

A box of chocolates, a dozen roses ... or an Italian restaurant in the Hamptons -- not all gifts for the wife are created equal.

Sources tell us Billy Joel is looking to buy his wife Katie Lee the aforementioned Italian restaurant, and we're told he's eying a spot in Sag Harbour, NY.

Katie Lee, who is four years older than her stepdaughter Alexa Ray, is a chef in her own right and served as the first host of Bravo's "Top Chef."

And now a snippet from Billy's "Scenes from an Italian Restaurant"...

"A bottle of white, a bottle of red
Perhaps a bottle of rosé instead
We'll get a table near the street
In our old familiar place"