The Martha's Vineyard Commission last week approved developer Xerxes Agassi's proposal to redevelop the former Educomp building into deed-restricted condominiums.
Xerxes Agassi returned to the Martha’s Vineyard Commission with a new mixed-use development proposal for the former Educomp building at 4 State Road in Vineyard Haven.
Xerxes Agassi, who owns the former Educomp building on State Road in downtown Vineyard Haven, won the Tisbury select board’s support this week for his latest plan to convert the landmark structure into a 14-unit apartment complex with ground-floor office space.
After reviewing Mr. Agassi’s revised proposal, which designates certain units for workforce and affordable housing, board members voted Wednesday to send a letter of support to the Martha’s Vineyard Commission, which is expected to open a new hearing on the Educomp development later this year.
After an eight-month review, the Martha’s Vineyard Commission was scheduled to decide Thursday night whether to approve or deny the redevelopment plan in Vineyard Haven.
A plan to expand the former Edu Comp building in Vineyard Haven remains a work in progress as the developer who recently bought the property attempts to pass muster with the MVC.
Commercial real estate redevelopment projects are beginning to proliferate along Beach Road in Vineyard Haven, with properties changing hands at a steady clip in the densely built, flood-prone harborfront corridor running from the head of Main street to the drawbridge.
A real estate developer completed his purchase of the former Edu Comp property last week, paying $2.4 million for the familiar red brick building at the head of Vineyard Haven’s Main street.
A scaled-backed building and a slew of unfinished details were on the table for more discussion when the developer who wants to expand the former Edu Comp building presented a revised plan to the MVC.
Size, scale, architectural aesthetics and vague arrangements with neighbors over shared use of access roads were all issues when a public hearing opened on a plan to redevelop the former Edu Comp building.
