Everyone agrees the island has a housing crisis, but residents in this playground for the rich and famous are up in arms about one solution.
. Wealthy summer residents like former Secretary of State John Kerry and Blackstone CEO Stephen Schwarzman spend summers by their pools or tanning on the beaches, while year-round residents and workers increasingly struggle to pay their rent.
Almost everyone on the island can agree that Nantucket has a major year-round housing shortage. Its popularity as a vacation destination for the luxury class—where a 5,075- square-foot home recently went for $33 million—has led to what the Massachusetts General Court described as a “housing crisis.” According to a study Holland ran last year, when prices were lower, a family would have to earn $530,000 a year to afford the median price of a home.
In 2018, developers from Nantucket and Cambridge, Massachusetts, weighed in with their own solution: a 156-unit affordable housing development a few miles from the main downtown area, near popular Surfside Beach. The pair, Jamie Feeley and Josh Posner, had previously constructed an award-winning, 40-home affordable housing project on the island called Beach Plum Village. But the new proposal—Surfside Crossing—would be significantly bigger, with 60 stand-alone homes and 96 condos across 13 acres.
That somebody, it turns out, was Perry—one of nine residents whose property abuts the proposed development and who ultimately sued to block it. When islanders first caught wind of the plans, Perry and a group of concerned residents formed a group called Tipping Point Nantucket to oppose construction and “educate for responsible development to protect the long-term sustainability of Nantucket’s finite resources,” according to its website.
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