The Fifth Element has new owners. The popular restaurant, which started in 2004 on Lower Thames Street before moving to Broadway, officially changed hands Tuesday afternoon and the paperwork was filed Wednesday morning. The former Foley’s Gas Station property was included in the sale. WHO BOUGHT THE FIFTH ELEMENT? The buyers are a small group of local investors led by Derek Savas and longtime Newport hospitality pro Mark St. Laurent, who will will take the reigns as general manager. WHAT … Continue reading The Fifth Element has new owners!