The first phase of the Newport Development project, known as BDS1, is one of the largest developments of its kind in the history of the city of Newport. It includes the redevelopment of five acres of waterfront property on Aquidneck Island, including the construction of new residential, retail, commercial, recreational, park and open space. The project includes a new public park, community pier, boat launch, commercial buildings, restaurants and retail, and more than 700 residential units. The development will also feature new pedestrian and bike paths, as well as a pedestrian bridge connecting downtown Newport to nearby areas. The project is expected to bring more than 1,000 jobs to the city and generate investments in excess of $200 million.