20 to Watch in RI in 2020: Kelly MacArthur Coates

GoLocalProv Business Team

20 to Watch in RI in 2020: Kelly MacArthur Coates

The Chief Executive Officer of the Carpionato Group has a busy 2020 ahead of him. 

Kelly MacArthur Coates, who had over 30 years of Rhode Island acquisition and development experience before taking the helm after Freddy Carpionato in 2018, has a full plate of projects in the state — and some that will take additional effort. 

In Newport, the Carpionato Group proposed a new development at the site of the former Newport Grand that will include two six-story hotels (182,604 sq. ft.) featuring a total of 260 rooms targeted to business travelers; two six-story apartment buildings (179,876 sq. ft) targeting younger workers and those seeking to downsize; as well as 164,548 square feet of innovative research and office space, as well as medical, retail and restaurant space.

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It is anticipated the project will create approximately 250 construction jobs, and approximately 500 full-time permanent jobs upon completion.

Newport, however — the Newport City Council, specifically — decided in September to put a six-month moratorium on new development at the location. 

Game on for Coates in 2020 to make it happen. 

In Providence, and across the state, the Carpionato Group is working to redevelop former Benny’s properties, and in Providence at Branch Avenue, to rehab the store to accommodate new retail tenants — as well as transform the adjacent Dryden Mill complex.

Oh, and Coates and Carpionato Group are making their way through zoning in Cranston to likely break ground on a new Topgolf facility in the new year, at the location of the old Citizens Bank headquarters on Sockanosset Cross Road. 

Rhode Island’s landscape could look significantly different at the end of 2020. And Coates will have had a key role. 


20 to Watch in RI in 2020 - FULL LIST

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