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Announcing a NEW Northeast Multi-Family Investment Opportunity
LREG Investments is proud to announce plans to revitalize a former corporate office in Middletown, Rhode Island! The KVH office to multi-family conversion will take place at 50 Enterprise Center, inside of a larger corporate park with exciting plans for a future mixed-use space.
The development will consist of 82 residences with high-quality, modern finishes, similar to those executed at at properties like The Residences at 801 East Whiting Street in Tampa, Florida. Homes will also be equipped with washers and dryers, and offer a small amenity package including a golf simulator and fitness room.
Pictured above is the current KVH Industries, Inc. corporate headquarters building at 50 Enterprise Center in Middletown, Rhode Island.
Demand for housing on Aquidneck Island is only intensifying, with news of four new coast guard cutters and the relocation of NOAA personnel and vessels. Newport's tourism economy alone welcomes over 4 million annual visitors, and student and staff populations at CCRI, Salve Regina University and Roger Williams University further press the island's low housing supply.
Our Founder and CEO, Chris Bicho shares his enthusiasm for serving the housing demand on Aquidneck Island. 'Everything we do involves a thorough and careful underwriting process, but especially so in our flagship state where the Landings name is established and our primary market expertise lies. We're thrilled to introduce this project and bring much-needed multifamily housing to a rapidly growing market.'
With a strong foundation in place, premier in-house operations including our construction team, and an upcoming nearby mixed use space, we're already on the right track and looking forward to great things ahead.
Interested in learning more? Log in to access our AppFolio investor portal or submit this form to start a conversation with our team.
As always, we'd love to hear what you think! Connect with us on LinkedIn for industry news and regular updates from our team.
Equal Housing Opportunity