It was a short run for Edgartown restaurant Eleven North, which closed for business after several months of tension with the town over issues including flooding and handicapped accessibility.

The owner of the building said a new business with new ownership will likely be in place before this summer.

The restaurant opened in September 2012 in the North Water street location that formerly housed David Ryan’s restaurant. Last spring, restaurant ownership appeared before the board of selectmen to discuss an ongoing issue with handicapped accessibility; the entrance to the building was rebuilt so that stairs lead up to the front door. The state Architectural Access Board denied a variance for the building, and selectmen turned down a plan to use town property for an incline wheelchair ramp.

According to discussion during the selectmen’s meeting and emails provided by the town, there were further issues discussed between the town and restaurant owners Joe Cuzzopoli and Jonathan Koerner. The issues included the manager living off-Island, which is a violation of the liquor license, the restaurant was not opened for five days in late September and early October, also a violation, and the town said it had trouble getting in touch with ownership to schedule a safety inspection.

In December, a second-floor pipe burst and flooded the building, with water flowing onto the street, according to a police report. At one point, the electricity was off and the alarms were not working. The town said that violated a law that there must be an alarm system, and selectman Arthur Smadbeck said the flooding endangered all the buildings in the block.

The building is owned by an investment group including John Roberts, who is the owner of Island Food Products. The group recently purchased Lattanzi’s restaurant, which will be leased out to a new business this spring.

Mr. Roberts said Monday that Mr. Koerner and Mr. Cuzzopoli will no longer be involved with the restaurant. Chip Williams, one of the owners, has received written authorization from the other owners to resolve all of the outstanding issues and work with Mr. Roberts to deal with the town “to put things in place as they absolutely should be and should have been.”

“There is a lack of consistency and diligence and, I think, proper management in terms of day to day and in terms of responsiveness to organizations like selectmen and [the building assessor],” Mr. Williams said. He said he will work with Mr. Roberts on behalf of the ownership “to get things done professionally, get it done on time . . . and get things actually executed.”

“It’s been proven that what’s in place there now and the people who have been running it have not been doing good business,” Mr. Williams said. “We want to bring in people who are rest-aurateurs, proven and successful.”

“Joe and Jonathan will no longer own or be leasing the property from me when it’s all said and done,” Mr. Roberts said. “We will have new tenants.”

“These gentlemen didn’t succeed at their venture and that’s very obvious,” Mr. Roberts continued, adding that Mr. Williams has been diligent and responsible.

Mr. Roberts said the inside of the building was heavily damaged with the water incident and there will be renovations to the exterior of the building. “I think you’ll be really pleased with the outcome,” he said.

“We want to see you operate a viable business,” said selectman and board chairman Margaret Serpa.