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slides: EXCLUSIVE: Alex + Ani CEO Buys Newport Mansion for $6.8M Cash

Wednesday, January 08, 2014


GoLocalProv has learned that Giovanni Feroce, CEO of Alex and Ani, is purchasing one of the most coveted Newport mansions for $6.8 million dollars in cash.

Feroce, who grew up in West Warwick in a three decker, has purchased Wyndham Estate. The property features a sweeping view of Brenton Cove.

Feroce is best known for helping to build one of Rhode Island's most successful companies. In partnership with founder Carolyn Rafaelian, Alex and Ani has grown to become one of America's fastest growing companies, according to Inc. Magazine, under Feroce's leadership.

In an interview with GoLocal, Feroce said "For someone who grew up in West Warwick, this move to Newport not only fulfills a childhood dream but should serve as a reminder that the American dream is alive and well - you just have to work for it."

Rich History

The mansion was built in 1890 and is a contemporary home to the famed "cottages" The Breakers, Rosecliff and Marble House.

The home is described as, "a resplendent, 2 1/2-story, ashlar stone Baronial."

Feroce's West Warwick Childhood home

The home was designed by architect William Ralph Emerson, a cousin of Ralph Waldo Emerson. Beyond his work in Newport, he worked with fellow Boston designer Frederick Law Olmsted on the creation of the National Zoo in Washington, D.C., designing several of the zoo's first buildings

The mansion was built for Rose Anne Grosvenor, a philanthropist from Providence. Another previous owner of note was former New England Patriots' owner James Busch Orthwien. He was chairman of one of the country's largest advertising agencies and a major shareholder in Anheuser Busch.

Recently restored, Wyndham Estate will be renamed Wyndham Hill according to sources.

Super Broker

The real estate deal was put together through a realtor who has begun to emerge as one of Rhode Island's most influential, Allen Gammons of Prudential Gammons Realty.  The firm has participated in the sale of 533 Ocean State properties in the last 24 months, including other notable Newport mansions such as Belcourt Castle in Newport, and the Sakonnet Vineyard in Little Compton. Prudential Gammons represents many fine estates and is the exclusive Rhode Island Agency for the International MLS. (IMLS)

Wyndham Estate purchased for $6.8 million

The Property Features

Boasting 12,175 square feet and three floors of living space on 11.72 acres of property, Wyndham Estate sits atop the highest point of Newport.

Seven bedrooms, seven bathrooms, nine fireplaces, tiger oak hardwood and white Carera marble floors, a brand new 456,000 BTU Buderus G315 boiler, library, grand ballroom, home theatre and manmade pond with a three tier waterfall are among the unique amenities. (MUST SEE SLIDESHOW BELOW) 

In April of 2013, Taylor Swift purchased a Westerly home for just under $18 million in cash - photos available.


Related Slideshow: Newport’s Wyndham Estate in Photos

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Wyndham Estate

Constructed in 1890, Wyndham Estate is a 2 1/2 story ashlar stone Baronial home designed by architect William Ralph Emerson, cousin of Ralph Waldo Emerson.

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Wyndham Estate celebrates its 125th anniversary next year.  The mansion was designed and built for its original owner, Rose Anne Grosvenor, a philanthropist from Providence.

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Room to Grow

The home boasts 12,175 square feet of living space, with 7 bedrooms, 7 bathrooms, and 9 fireplaces, on nearly 12 acres of property.

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With a spacious Master Bedroom, large circular Turret and East bedrooms, plus four guest bedrooms; hosting overnight guests is never likely to be problematic in this mansion.

* Master Bedroom - 22'8" by 14'

* Turret Bedroom - 17'10" circular

* East Bedroom - 17'2" by 17'5"

* Guest Bedroom - 12'4" by 11'6"

* Guest Bedroom - 18'6" by 14'10"

* Guest Bedroom - 11'3" by 11'3"

* Guest Bedroom - 12'5" by 8'2"

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Location, Location...

Wyndham Estate lies in the heart of Newport, only one half mile from both the New York Yacht Club and Newport Country Club, and one mile from Fort Adams State Park.

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Grand Ballroom

Whether it is a wedding, holiday party, or family function, Wyndham Estate's 1200 square foot Grand Ballroom makes for a perfect space for entertaining guests. 

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Music Room

Outfitted with beautiful artwork and a grand piano, the mansion's music room is a great place to hide away and tickle the ivories.  In fact, at 475 square feet, you could probably fit most of an orchestra in this room.

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On Top of the World

(Or top of the island, at least)

Wyndham Estate sits atop the highest point of Newport - and has the views to prove it. 

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Wyndham Estate boasts a large 320 square foot kitchen (with service area) on the first level, making for great dinner parties. There is an additional galley kitchen on the home's top level. 

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The large, 11.76 acre property is well-manicured with several custom landscaping features including at three-tier waterfall with a private sitting area, and a manmade pond

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With 2 1/2 bathrooms on the first floor, and 4 on the second level, finding a place to quickly powder your nose will rarely be an issue. 

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If you are looking for a quiet place to read or study, the mansion features a home library...try not to become distracted by the view.

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Roof Deck

Perfect for summertime entertainment, the mansion features a 47' by 27' open air observation deck with stunning views.

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Hot Tub

What better way to relax after a long day than climbing up to the 18' circular roof top hot tub?

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Attention to Detail

When William Ralph Emerson designed Wyndham Estate, no detail was spared, evidenced by the intricate wood-carved moldings found throughout the mansion.

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Wyndham Estate underwent major renovation and restoration a few years ago, but much of the much of the home's original essence remains intact.

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Walk-in Closet

More like live-in closet!

At 12'10" by11'10", the closet attached to the Master Bedroom is bigger than many bedrooms... no need to trim down your wardrobe here!

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Grand Staircase

The mansion's Grand Staircase allows one to enter the room with style.  There is also a separate servant's staircase to access the second floor. 

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Dining Room

Just off the Grand Ballroom sits the home's formal dining room, perfect for intimate dinners. 

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The Grounds

Wyndham Estate is comprised of three separate lots of record, with the mansion itself sitting on Lot B (4.05 Acres).  Lots A and C are each just under 4 acres apiece. 

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There is little better on a cold New England winter night than cozying up to a warm fire. Wyndham Estate, has 9 different fireplaces to choose from.

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Newport Mansions

Newport is known for its landscape of mansions spanning from Ocean Drive to Bellevue Avenue.  From Rosecliff to Vanderbilt's The Breakers, and dozens in-between, Newport has a rich history of wealth, and the lifestyle that comes with it. 

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Cliff Walk

Want to experience a different view of the Newport Mansions?  Try the Newport Cliff Walk.  The 3.5 mile long public access pathway pairs the beauty of the Newport coastline with some of the island's historic mansions -- including Beechwood, Rosecliff, Marble House, The Breakers, Ochre Court, and Rough Point 


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