Wednesday, January 15, 2014 – Rumford, Rhode Island: Tiverton Partners LLC, a joint venture between the Peregrine Group LLC and Starwood Tiverton LLC, announce the groundbreaking of its new development project at The Villages on Mount Hope Bay in Tiverton, Rhode Island.
The Villages began its initial phase of construction in 2004, completing and selling 164 residences. The final phase of the residential project, financed by Rockland Trust, will consist of 66 new residences, mostly duplex units, with the first four units available late spring 2014. Pricing for the new residences will range from $625, 000 – $750,000. The residences are represented by Bridget Torrey of Waters Edge Properties. Waters Edge has been the primary onsite Broker for the Villages on Mt Hope Bay since 2007, successfully closing over 75 transactions. Ms. Torrey has been closely involved in the redesign of the new townhomes and has extensive knowledge about the community and market trends since its inception.
The Villages on Mount Hope Bay is New England’s premier waterfront community for adults 55 and over. The residences are newly designed by Union Studios and Studio 460 interiors, as well as landscape architects Birchwood Design and civil engineer Woodard & Curran. Each residence features single-level living and spaces, private balconies offering spectacular water views, a public dock for boating and fishing access, and the convenience of the Boathouse Restaurant just steps from your front door. For more information, or to schedule a tour, send an email to btorrey@mounthopebay.com or visit their website at www.mounthopebay.com.
In addition to its own projects, Peregrine Group LLC provides third party real estate advisory work including development management, project management, transaction support, and tenant representation services on behalf of property owners, businesses and institutions seeking to achieve specific facility, investment and operating objectives. Recent projects include Rumford Center in East Providence, Ocean House in Watch Hill, and American Locomotive in Providence. Clients include healthcare providers, educational institutions, hospitality and retail venues, and publicly traded companies. Peregrine has successfully executed projects in New England and has also worked extensively throughout the United States, Mexico and the Caribbean.
