REPRESENTATIVE REDEVELOPMENT TRANSACTION Harborview Nantucket, MA
In September 2006, Barrow Street formed a partnership with a local operating partner to acquire seven existing residential structures, located on two contiguous waterfront parcels on the island of Nantucket, MA.The partnership is redeveloping the seven existing structures into ten residential units in both a wholly-owned and fractional club membership format. As the sole private residence club on Nantucket Island, the project will provide fractional buyers with an economical alternative to spending the millions of dollars necessary to own waterfront property on the island.As a wholly-owned business plan, the units are particularly desirable for boat owners and others seeking proximity to the local marina and Main Street. For more information, the project’s website is: www.harborviewnantucket.com.
