Nantucket Real Estate Agent Blog

Tomorrow will be a very interesting day on Nantucket island, the Point Breeze building which was once a hotel here on island will be auctioned at 2 pm.  A developer had bought the property a number of years ago and got about 2/3rd of the way through a redevelopment, his intent was to sell individual units and club memberships, unfortunately for him his project failed before it got off the ground.  Tomorrow it is rumored there are 8 or more investors coming to bid and buy the project.  Depending on the buyer and their use it will mean a tremendous amount to our local community, thorough potential jobs, tax revenue, tourist dollars and more.  It will be an interesting day.  Here is a link to see the Auction info http://www.tranzon.com/Propertydetail.aspx?id=7321