Capital Square Topping Out Signals New Era for Raleigh’s Urban Landscape

As the multifamily apartment industry continues to thrive, Capital Square’s latest venture emerges as a formidable addition to Raleigh’s evolving cityscape. The topping out of a 20-story Class A multifamily tower at 320 W. South Street in the Warehouse District of Raleigh, North Carolina, signifies not just the advancement of a remarkable property but also the growth of the community it’s set to serve.

Capital Square, renowned for its tax-advantaged real estate investments and robust housing community development, has reached a significant construction milestone that reflects both its dedication to the quality of living and to the economic vitality of the regions it serves. Sited within a qualified opportunity zone, the building stands as a testament to the intersection of strategic investment and community transformation.

Louis Rogers, the co-founder and co-chief executive officer of Capital Square, views the development as the “crowning achievement in Raleigh,” underscoring the company’s commitment to being “a part of something bigger than ourselves—the transformation of downtown Raleigh.”

The 320 W. South Street project will introduce 297 apartment homes comprising a mix of studio, one-, two-, and three-bedroom configurations, along with 10,500+ square feet of ground-floor retail space. Residents will have access to an array of high-end amenities including a resort-style swimming pool, rooftop lounge, coworking space, and a cutting-edge fitness center.

With its strategic location beside U.S. 70, the community offers seamless connectivity to the Research Triangle and acclaimed educational institutions. In proximity to urban offerings, residents can savor downtown entertainment, bars, and dining experiences, as well as Raleigh’s Red Hat Amphitheater and Raleigh Convention Center.

Co-chief executive officer Whit Huffman encapsulated the essence of this development project, declaring, “Residents of this elegant property will enjoy the finest amenities and spectacular views of the downtown Raleigh skyline and Red Hat Amphitheater.” More than bringing luxury living to the Warehouse District, it heralds a renaissance for the area as a dynamic, round-the-clock neighborhood nurtured by the families who call it home.

With a team consisting of JDAVIS Architects, W. M. Jordan Company, York Properties, and other notable design and landscape firms, Capital Square doesn’t just build homes; it crafts communities.

This impressive architectural endeavor has been financially supported by Capital Square’s sixth qualified opportunity zone fund, further accentuating the organization’s strategic and philanthropic approach to development and investment.

Capital Square is shaping the future by shaping communities. As these developments unfold, they reflect a vision that extends beyond brick and mortar—a vision of revitalized neighborhoods and enriched lives, solidifying the role of multifamily housing as the cornerstone of urban progress.