PROVIDENCE, RHODE ISLAND—Procaccianti Firms introduced that it has obtained all required approvals to develop and assemble The Bellevue Lodge, a 91-key luxurious boutique property in Newport, Rhode Island. The venture was unanimously authorised by the Metropolis of Newport’s Technical Assessment Committee on June 11, advancing the venture into pre-construction with a groundbreaking anticipated within the fourth quarter of 2025.
The resort will probably be developed and owned by Procaccianti Firms and operated by TPG Resorts & Resorts throughout the INTERA Assortment. Positioned immediately throughout from the Worldwide Tennis Corridor of Fame, the Bellevue Lodge will probably be a purpose-built, ground-up improvement in one of many Northeast’s most supply-constrained coastal markets.
“This can be a vital step ahead for some of the high-profile improvement alternatives within the area,” mentioned Ralph V Izzi Jr., vice chairman of public affairs for Procaccianti Firms. “Newport is a market outlined by excessive demand, restricted new provide, and constant sturdy price efficiency. The Bellevue Lodge will probably be deliberately designed to fulfill the expectations of at present’s luxurious friends and the operational requirements that drive top-line progress and worth creation.”
The event consists of 91 guestrooms, a number of meals and beverage venues, spa and wellness services, and a variety of visitor facilities. The plan consists of the addition of underground parking to develop the street-level pedestrian expertise, and the constructing’s three-story construction will incorporate Juliet balconies, with inside rooms overlooking the backyard.
“The Bellevue Lodge will probably be a unprecedented addition to our present working portfolio in Newport,” mentioned Paul Hitselberger, government vice chairman of operations and asset administration for TPG Resorts & Resorts. “From the visitor expertise to back-of-house structure, the venture is being developed with efficiency, effectivity, and long-term positioning in thoughts. It’s a distinctive alternative to develop a purpose-built luxurious resort in a market the place ground-up improvement is extraordinarily uncommon.”
As soon as residence to the Stone Villa, an Italianate manor inbuilt 1833 by Scottish stonemason Alexander McGregor, the location of The Bellevue is tied to Newport’s architectural legacy. Designed by Centerbrook Architects in collaboration with Procaccianti Firms, The Bellevue Lodge reimagines James Gordon Bennett Jr.’s imaginative and prescient for a social vacation spot alongside Bellevue Avenue. Whereas groundbreaking is scheduled for This fall 2025, the property is predicted to be accomplished in 2027.
