NEW: $8.95 Million Sale of Sakonnet Vineyards To Alex and Ani Final
Thursday, December 27, 2012
An "extraordinarily complex property"
Melanie Delman, commenting upon the Sakonnet Vineyards sale, remarked, “This was an exciting project for us at Lila Delman because it allowed us to utilize so many areas of our expertise. Commercial, agricultural, residential development, conservation land – this extraordinarily complex property demanded highly specialized real estate knowledge on many fronts. We are gratified to have been able to deliver such a successful result. The Little Compton area is amongst my favorite places in Rhode Island, and it’s very satisfying to have taken a hand in shaping its future.”
The award-winning winery, which consists of some 170 acres of vineyards, open space and a state-of-the art winery facility, was founded in 1975 and is today recognized as a crucial pioneer of the New England wine industry. Idyllically sited overlooking beautiful Patchet Brook Reservoir, the property comprises 102 conservancy-protected acres of vineyards, including a winery, hospitality center, and open space, with another 67 acres set aside for the development of 5 luxury residential estates. Lila Delman has also recently listed an extraordinary 13-building commercial package in the neighboring historic village of Tiverton Four Corners, which is on the National Register. The area has been designated as a RI tax-free Arts District.
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