(To read more on the multifamily market, click here.)
PORTSMOUTH, RI-O'Neill Properties Group plans to build RhodeIsland's largest marina as part of a mixed-use project that thePennsylvania firm will develop over the next 10 years. EdwardLopes, vice president of development for O'Neill, tells GlobeSt.comthat the firm recently paid $14.1 million to acquire Hood Marina, a44.5-acre former Navy site, on Aquidneck Island, along with 100acres stretching into the cove.
The newly acquired land will be used to build 1,495 boat slips,988 one-, two- and three-bedroom residences and about 120,000 sf ofrestaurant and retail space.
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