Frequently Asked Questions
Is Richmond Great Point Development LLC a local Nantucket Company?
Richmond Great Point Development LLC (RGPD) was organized by Phil Pastan, a long-time island summer resident, and Shane Valero, a native of the island and a member of a long-time island family of a successful local business, to restore the property of former owner Walter Glowacki into a thriving local neighborhood for year-round island residents. The parcel had operated an asphalt and cement plant, and had other commercial industrial uses over the past few decades. Patty Roggeveen, a long -time resident of the island and former two-term Board of Selectmen, joined the team in its efforts to provide safe rental apartments and single family homes at an attainable price-point compared to the inflated Nantucket housing market.
Richmond Great Point Development is committed to addressing the critical lack of housing options on Nantucket, particularly as it impacts year-round residents who struggle to find safe, well-priced homes on the island. The ever widening gap between household income and the cost of housing, driven in part by high demand for seasonal homes and rentals, makes it difficult for many to live, work, and raise families here – as well as for businesses to hire skilled professionals who can afford to live on island.
As a result, RGPD has proactively collaborated with key stakeholders, including the Town of Nantucket, local organizations and major abutters, to create an economically vibrant community planned in conjunction with the town’s 2009 Master Plan to benefit island residents and businesses today, as well as for future generations.
What motivated RGPD to make as its mission the creation of housing?
RGPD began with a goal of providing single-family homes on a variety of lot sizes from 5,000SF to 20,000SF. Attempts to acquire the necessary zoning changes to increase the density on this property from strictly 20,000SF to this mixed lot size through article 53 at the 2015 Annual Town Meeting was met by defeat by a community, including the neighbors immediately abutting the property. Instead the ATM participants demanded that RGPD provide greater affordability than proposed in the article, and for the proposal to include more apartment rental options, to meet the community’s housing needs.
In response, RGPD called for and paid for a Special Town Meeting in November of 2015 which brought forward articles that provided the necessary density to reduce the single family home prices, and provide 225 rental apartments. RGPD also entered into a MOA with the Board of Selectmen to guarantee affordability in perpetuity of 25% of the homes and apartments, with a total of 22 homes and 56 apartments available to residents at 80% AMI, and 6 homes available to residents at 175% of AMI. This measure, which included the MOA with the Town, basically received the unanimous support of the Special Town Meeting.
According to the Workforce Housing Needs Assessment prepared by RKG Associates for Housing Nantucket “Nantucket has an undeniable shortage of price-appropriate housing for people who work on Nantucket throughout the year.” The data strongly suggests that both the availability of year-round and seasonal rentals for workers are severely limited, and most year-round residents are unable to afford the cost of a single-family home. Simply put, the island is in a housing crisis, not only because there is a shortage of available options, but because much of what is available is unfit and unsafe.
Won’t RGPD’s project make the traffic congestion worse on Old South Road?
RGPD is investing more than $1 million in roadway infrastructure improvements along Old South Road that will improve the flow of traffic in the vicinity of the site. These include widening of Old South Road to provide exclusive turn lanes and landscaped medians, reducing curb cuts to minimize conflict points, and improving pedestrian safety through sidewalk and crosswalk construction. Much of the current back-up on Old South Road is caused by antiquated infrastructure at Fairgrounds Road and the Milestone Rotary. The Town of Nantucket has plans to reconstruct the Milestone Rotary and the Old South Road and Fairgrounds Road intersection to significantly improve traffic operations. These locations are currently the leading cause of traffic congestion along Old South Road, and will need to be addresses no matter what improvements RGPD makes to the roads.
A Traffic Impact and Access Study has been conducted for RGPD by Ron Mueller & Associates, and is available on our website along with the comments of the Town’s Peer Review analysis by Tera Tech. The study’s scope included eight intersections located at Old South Road from the Milestone Rotary to Nobadeer Farm Road and the intersection of Nobadeer Farm Road/Milestone Road. It included an impact analysis of volumes collected in July 2014 and August 2015 of the summer weekday morning, weekend afternoon and Saturday midday peak hours, which is appropriate for a mix-use development that will ultimately include residential, retail and possible restaurant uses.