An $80 million development is in the works for Newport’s riverfront. Dubbed
Aqua on the Levee by developer
Capital Investment Group, the project will include a hotel, apartment complex and parking garage next to
Newport on the Levee.
The 144-room, seven-story hotel will feature loft-style guest rooms and a 10,000-square-foot meeting space for events. The 238 apartments will sit atop an 800-space parking garage. Prices for the one-, two- and three-bedroom apartments are yet to be determined.
Price Group, which owns Newport on the Levee, has committed $12.5 million to build 305 spaces in the parking garage for Levee visitors as well as a common area to connect the Levee to the new hotel and apartment complex.
A hotel was part of the plan for Newport on the Levee back in the late ‘90s, but it was never built after the project opened in 2001. The lot east of the Levee was a surface parking lot until it was closed down last month to make way for Aqua on the Levee.
The parking garage will be built first and the apartments are expected to be completed in fall 2016, with the hotel projected to open in late 2016 or early 2017.
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