- 4 Star | Built in 2021
- 308 - 41,479 SF
- Newly redeveloped mixed-use lifestyle center in the prosperous Farmington Valley with first-class retail, office, and luxury residential space.
Carpionato Group is a privately held New England real estate owner-developer founded by Alfred Carpionato, who began assembling and redeveloping properties in Rhode Island as a teenager and grew the firm into a vertically integrated platform across development, construction, leasing, and property management. Following his passing in 2018, governance transitioned to a board of trustees and long-time lieutenant Kelly MacArthur Coates, who now serves as president and chief executive officer, with day-to-day control of acquisitions, entitlements, and leasing. The company remains closely held with family stewardship through the board and a small senior team.
The platform focuses on ground-up and value-add redevelopment of open-air retail, mixed-use lifestyle centers, suburban and medical office, hospitality, and multifamily/affordable communities. Across New England, the firm cites more than six million square feet owned and a development pipeline exceeding $1.5 billion. Representative holdings and developments include the 420,000-square-foot Chapel View lifestyle center in Cranston, the Crowne Plaza Providence-Warwick hotel and conference venue, and the ongoing Newport North End redevelopment at the former Newport Grand site. Carpionato has also recycled and repositioned numerous former Benny’s stores across Rhode Island, Massachusetts, and Connecticut, and delivered New England’s first Topgolf in Cranston in 2023 as an experience-led anchor for the Sockanosset corridor.
Top market exposure centers on Rhode Island (Providence/Cranston/Johnston/Warwick and North Kingstown/Quonset), with additional assets in Newport and in Greater Hartford (Avon and Glastonbury, CT) and along the I-95/Route 1 corridor in southeastern Massachusetts (North Attleboro, Raynham, Seekonk, Plymouth). Tenancy is anchored by service, grocery, soft-goods, medical, and experience users; notable rent contributors at flagship assets include Dave’s Marketplace, Kohl’s, HomeGoods (Shops at Quonset), and Topgolf (Sockanosset), with medical tenancy (e.g., Lifespan) appearing in several centers.
View More
Carpionato Properties Brokers
Carpionato Properties Listings
Loading...
- 1
- 2
