On June 26,
Towne Properties and
Carlisle Enterprises broke ground on
Monmouth Row, Newport’s newest apartment complex. The 102-unit multi-family community is slated to be completed by summer 2014.
The development is located on Monmouth Street between Fourth and Fifth streets, one block from Newport on the Levee. It will occupy the whole city block, and will offer a fitness center and an outdoor terrace for residents to enjoy.
Monmouth Row’s apartments will be housed in three-story, brick, rowhouse-style buildings that blend in with the historic architecture of Newport. The apartments will start at $875 per month, and although the majority of the units will be one-bedroom, there are a handful of two-bedroom units.
There will be 12 different layouts for the apartments, with stacked washer/dryers, updated kitchens, stainless steel appliances, granite countertops and breakfast bars. Some units will also have kitchen islands.
The $10 million project is being developed by Towne Properties on land owned by Wayne Carlisle, a Newport native who has been investing in local developments, property and businesses since the late 1990s.
“We think the project will really add to the growing vibrancy of the neighborhood, and we think our future residents will enjoy this perfect blend of small town and big city living,” says Janet Chiarella, vice president of marketing for Towne Properties.
By Caitlin Koenig
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