PORTSMOUTH, R.I.--(BUSINESS WIRE)--Compass Development, the new development marketing and sales division of Compass – one of the country’s preeminent luxury brokerages – is proud to announce it has been selected to lead the exclusive sales and marketing of The Carnegie Tower. This property, originally built in 2009, houses 79 residences and is located on the secluded, luxurious Carnegie Abbey Club grounds in Portsmouth, less than 10 miles from the city of Newport.
“Compass Development has an impeccable reputation for marketing and selling high-end luxury real estate,” said Justin D’Adamo, senior managing director of Compass Development. “Currently we are marketing over 30 unique developments nationwide, representing over 3.5 billion dollars in exclusive product, and are continuing to pursue properties with potential, like The Carnegie Tower in Rhode Island. We are thrilled to launch our first project in the Ocean State and look forward to utilizing our strong network of top professionals across the country to give national luxury exposure to this development.”
The Carnegie Tower is the tallest structure in Portsmouth at 220 feet, with sweeping, floor-to-ceiling unobstructed waterfront views of the Mount Hope Bridge, the Newport Bridge, Narragansett Bay and The Carnegie Abbey Club golf course. With a choice between one-, two-, three-, and four-bedroom units, many of which include fireplaces, dens, private outdoor spaces, private elevator access, and access to The Carnegie Abbey club and marina, this luxury high-rise is home to many amenities including an Olympic-style lap pool and fully manicured landscape. Since Compass Development assumed sales and marketing, The Carnegie Tower has undergone significant upgrades to its interior and exterior including revamped balconies, refreshed finishes and fixtures and a state-of-the-art fitness center. This Portsmouth gem is a year-round luxury destination of beautiful New England living, without the travel of other popular destinations, and is vibrant, active, and intimate.
“We’re seeing a tremendous growth in the high-end real estate market in Boston and our entry into Rhode Island is an extension of that growth,” said Kevin Caufield, managing director of Compass Development in Boston. “The strength of the second-home market makes it feasible for potential homeowners in Boston, Providence, Connecticut, New York and New Jersey to consider buying in The Carnegie Tower as an alternative or in addition to a home in the Cape & Islands. We are eager to offer this once-in-a-lifetime opportunity to purchase a home that is isolated with unobstructed, breathtaking views, luxe amenities, and New England appeal.”
The Caulfield Properties Team, based out of Compass’ Boston regional headquarters, will manage sales for the project with an on-site Sales Gallery located on the building’s ground floor. For more information on sales or to set up a tour, contact the on-site Caulfield Properties Team at 401 293-3985. The Carnegie Tower is located at 1 Tower Drive, Portsmouth, R.I., 02871 with private showings available by appointment.
Launched in 2013, Compass is a technology-driven real estate platform with offices in New York, Washington, D.C., Los Angeles, San Francisco, Aspen, Boston and Miami, which combines exceptional agents with best-in-class technology to make the process of buying, selling and renting a home intelligent and seamless. Named the Mid-Size Business of the Year in 2015 by the Manhattan Chamber of Commerce, Compass was founded by Ori Allon—who sold his previous companies to Google and Twitter—and Robert Reffkin—formerly Chief of Staff to the President and COO of Goldman Sachs. Compass is the first residential brokerage in the country to offer a proprietary app exclusively for its agents, in addition to the company's integrated consumer web and mobile platforms.