Real Estate Reinvented: British Entrepreneur Peter de Savary Works His Magic in Newport, Rhode Island

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Jun 18, 2010, 08:17 ET

NEWPORT, R.I., June 18 /PRNewswire/ -- Peter de Savary, English entrepreneur, sportsman and philanthropist, has spent the last 35 years developing what he calls "Unique pieces of real estate in a special way." From Skibo Castle and Glenborrodale Castle in Scotland, Bovey Castle in England, Port Louis Marina and Mount Cinnamon in Grenada, The Abaco Club in the Bahamas, Cherokee Plantation in South Carolina, Carnegie Abbey in Rhode Island, and the St. James Clubs internationally, amongst others, de Savary has always created exciting new destinations. The Vanderbilt Residences at Brown & Howard Wharf on Newport's famed harbour is de Savary's latest venture.

(Photo: http://photos.prnewswire.com/prnh/20100618/NE13293 )

(Photo: http://www.newscom.com/cgi-bin/prnh/20100618/NE13293 )

de Savary purchased the managing interest of the Brown & Howard residences in April 2010. The sixteen extraordinary harbour-front homes - with only seven remaining - have undergone major improvements both to the interior and exterior. In the true de Savary fashion, there are one-of-a-kind features such as "yacht cabin staterooms" (fitted out to feel like you are on a yacht) and a waterfront private cafe/patio for owners use.

As part of de Savary's reinvention, residents will also have use of the exclusive Vanderbilt Club. "Owners of the residences will enjoy membership, privileges and the facilities at Vanderbilt Hall, a mansion hotel, spa and members club located nearby in the heart of Newport's Historic Hill. The properties and owners association will be managed by the Vanderbilt Hall Club with a menu of concierge services available to the owners. As Chairman of the Vanderbilt Hall Club, I am also assuming leadership responsibility for the Vanderbilt Residences and intend to offer a unique lifestyle for those fortunate enough to own a Vanderbilt Residence; in what is set to become a most outstanding, exclusive and private maritime haven and marina."

Joseph Paolino Jr. who shares a 50% ownership interested remarked, "I am delighted to be in partnership with de Savary whose track record at an international level speaks for itself. His association with Newport spans the last 30 years and the vigour, enthusiasm and style that he will bring to the Vanderbilt Residences at Brown & Howard Wharf will set new standards for seaside living."

de Savary will officially launch the Vanderbilt Residences on Saturday, June 26th with an invitation-only Yacht Hop cocktail party featuring a selection of classic and luxury super yachts of distinction. The event will also allow invited guests to preview two extraordinary residences, both exquisitely furnished and fully equipped in de Savary's unique style. For further information please contact Stacie Mills, Managing Director and Principal Broker, at 401.619.3333 (office) or 401.862.2793 (mobile), or by e-mail at [email protected].

www.VanderbiltResidences.com

SOURCE Vanderbilt Residences