News: Owners Developers & Managers

Surfside Crossing development of 156 condominium units approved

Nantucket, MA The 156 condominium units slated for the Surfside Crossing development off South Shore Rd. has been approved by the state in a decision issued by the Housing Appeals Committee (HAC).

The decision by the state committee was made over the objections of the Nantucket Land Council, along with a group of neighbors and community members known as Nantucket Tipping Point. The HAC’s ruling vacates the Nantucket Zoning Board of Appeals’ (ZBA) decision to permit a scaled-down development of 60 units, and requires it to issue an amended comprehensive permit allowing for the 156 condominium units of the development to move ahead.

Surfside Crossing, proposed by developers Jamie Feeley and Josh Posner, would include 156 condominium homes contained within 18-three story buildings (two stories above grade) on 13 acres of undeveloped pine forest off South Shore Rd. With 25% of those units deed restricted for affordable housing, or a total of 39 units within the development.

“In the past five years, the need for new housing, particularly affordable home ownership opportunities on Nantucket, has only grown,” Feeley said in a written statement shared with the Nantucket Current. “The recent HAC decision supporting our project is an exciting one, not only for our team, but for our entire community. We are pleased to turn our focus to getting this project underway. Once complete, Surfside Crossing will create the type of affordable and accessible homeownership opportunities that do not otherwise exist on the island. We remain open to collaborating with other agencies and non-profits focused on housing affordability; this includes discussing options to extend the positive benefits of this project further by restricting additional market rate units to year-round housing stock.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant