Eastbourne Lodge, consisting of a 14 unit converted mansion sited on 3.8 acres in the heart of the premier neighborhood Newport, R. I., is a very rare land development opportunity in this densely populated area. Core obtained subdivision approval for the construction of 12 single family homes and the restoration of the mansion with up to 11 units. Final zoning board approval is expected by the end of 2008. Eastbourne Lodge is centrally located in between the historic Newport downtown and several beautiful public and private Newport beaches. The surrounding neighborhood and mansion exude turn of the century charm and elegance.