{"id":1004108152,"date":"2014-11-21T14:28:07","date_gmt":"2014-11-21T22:28:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=308303"},"modified":"2020-05-18T22:52:23","modified_gmt":"2020-05-19T06:52:23","slug":"capital-investment-breaks-ground-on-80m-project-in-newport","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/capital-investment-breaks-ground-on-80m-project-in-newport\/","title":{"rendered":"Capital Investment Breaks Ground on $80M Project in Newport"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor <\/em><\/p>\n<div id=\"attachment_308331\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Aqua-on-the-Levee.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-308331\" title=\"Aqua on the Levee\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Aqua-on-the-Levee.jpg\" alt=\"\" width=\"300\" height=\"185\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Aqua on the Levee<\/p>\n<\/div>\n<p style=\"text-align: justify;\">Cincinnati-based Capital Investment Group Inc. broke ground Nov. 20 on the $80 million expansion of Newport on the Levee. Called Aqua on the Levee, it will bring apartments, retail, parking spaces and Greater Cincinnati\u2019s first Aloft hotel to the development in Newport, Ky.<\/p>\n<p style=\"text-align: justify;\">The project will be developed on a three-acre surface parking lot, located just east of Newport on the Levee. Plans call for the construction of 238 luxury one-, two- and three-bedroom apartments, 8,300 square feet of retail space, and a parking garage with 800 spaces.<\/p>\n<p style=\"text-align: justify;\">Capital Investment Group is partnering with Musselman Hotels to develop the 144-key, seven-story Aloft, which will feature a bar in the lobby and 10,000 square feet of meeting space. Louisville-based Musselman will manage the property.<\/p>\n<p style=\"text-align: justify;\">In a statement, Gregg Fusaro, Regional Partner at Capital Investment, predicted that the development will be \u201dperfect for Millennials, young professionals who work downtown, and empty nesters who want to live in an exciting urban environment.\u201d<\/p>\n<p style=\"text-align: justify;\">City, state and local officials attended the groundbreaking ceremony. In a statement, Kentucky Gov. Steve Beshear said: \u201cNewport on the Levee is a vibrant hub for dining and entertainment, and this development will create even more reasons to eat, work, and play in this area. The new project takes advantage of great views of the river and a pedestrian-friendly environment and we look forward to welcoming even more visitors to Newport.\u201d<\/p>\n<p style=\"text-align: justify;\">Elsewhere in Newport, Capital Investment Group developed the SouthShore condominium tower and <em><a href=\"https:\/\/www.multihousingnews.com\/news\/national\/southshore-developer-breaks-ground-on-upscale-newport-apartment-complex\/1004068189.html\" rel=\"nofollow\" >the Vue 180<\/a><\/em>. With Aqua on the Levee, its total investment in the city is now nearly $150 million.<\/p>\n<p><em style=\"text-align: justify;\">Photo credit: <a href=\"https:\/\/www.facebook.com\/newportonthelevee\" rel=\"nofollow\" >www.facebook.com\/newportonthelevee<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cincinnati-based Capital Investment Group Inc. broke ground last week on the $80 million expansion of Newport on the Levee. Called Aqua on the Levee, it will bring apartments, retail, parking spaces and the region&rsquo;s first Aloft hotel.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[],"class_list":["post-1004108152","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Capital Investment Breaks Ground on $80M Project in Newport - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/capital-investment-breaks-ground-on-80m-project-in-newport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Investment Breaks Ground on $80M Project in Newport\" \/>\n<meta property=\"og:description\" content=\"Cincinnati-based Capital Investment Group Inc. broke ground last week on the $80 million expansion of Newport on the Levee. Called Aqua on the Levee, it will bring apartments, retail, parking spaces and the region&rsquo;s first Aloft hotel.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/capital-investment-breaks-ground-on-80m-project-in-newport\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-21T22:28:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T06:52:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Aqua-on-the-Levee.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/capital-investment-breaks-ground-on-80m-project-in-newport\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/capital-investment-breaks-ground-on-80m-project-in-newport\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Capital Investment Breaks Ground on $80M Project in Newport\",\"datePublished\":\"2014-11-21T22:28:07+00:00\",\"dateModified\":\"2020-05-19T06:52:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/capital-investment-breaks-ground-on-80m-project-in-newport\\\/\"},\"wordCount\":278,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/capital-investment-breaks-ground-on-80m-project-in-newport\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/Aqua-on-the-Levee.jpg\",\"articleSection\":[\"Cincinnati\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/capital-investment-breaks-ground-on-80m-project-in-newport\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/capital-investment-breaks-ground-on-80m-project-in-newport\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/capital-investment-breaks-ground-on-80m-project-in-newport\\\/\",\"name\":\"Capital Investment Breaks Ground on $80M Project in Newport - 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