Its porches and windows frame Edgartown harbor and the surrounding landscape, drawing visitors from around the Island and the world. It is a favorite spot to sit back and watch the sailboats in the harbor, the changing skies throughout the different seasons and the fireworks on the Fourth of July.
Harbor View and Kelley House Conclude Sale at $45.1 Million
A Nantucket-based investment group closed on a deal last week to buy
the Harbor View Hotel and Kelley House properties in Edgartown; total
sale price was $45.1 million. The sale provided a tidy windfall for the
Martha's Vineyard Land Bank, netting the agency just over $900,000
in fees. The sale closed Dec. 20 with four separate transactions. Scout
Real Estate Capital LLC purchased the turn-of-the-century Harbor View
Hotel for $32.5 million and the Kelley House pub and inn complex for
Harbor View and Kelley House Hotels Ready for Sale to Nantucket
By IAN FEIN and JULIA WELLS
The Harbor View Hotel, a shingle-style turn-of-the-century hotel
that graces the entrance to the Edgartown harbor at Starbuck's
Neck, is set for sale to a Nantucket-based investment group, along with
the Kelley House, an 18th century tavern that is now a pub and inn
complex spanning Water and Dock streets.
The properties represent a significant piece of downtown real estate
in Edgartown, as well as two of the best known resorts on the Vineyard.
There's nothing like a deadline to keep a project rolling full
steam ahead. In this case, the deadline is a mother in law's
visit. The project to be finished in time for one of the
Vineyard's busiest weekends is phase one of a three year, $77
million plan to restore and enhance the former Harbor View Hotel on
North Water street in Edgartown.
Construction has been halted on a planned $55 million renovation project at the Harbor View Hotel in Edgartown, at least until the fall.
And while the scenic hotel overlooking the outer Edgartown harbor remains open for business, the owner and his Vineyard attorney said this week that the decision was prompted by a combination of delays in local permitting and problems with the Wall Street bank that was providing financing for the project.