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Development

Developing and managing the future, one property at a time

3001 W Leigh Courtyard

Best-in-class projects synonymous with value

The Capital Square development team has nearly half a century of combined experience, completing more than 30 developments with 6,500 units of multifamily space across the United States.

Why Multifamily?

Multifamily housing solutions are the most stable, recession resistant, inflation hedging, and likely to see long-term growth. Shortages in multifamily housing and all economic indicators point to a strong multifamily market for years ahead. Learn more.

Why Build for Rent?

Build for rent (BFR) is a rapidly institutionalizing asset class representing sites of contiguous detached homes, townhomes or cottages. Single-family rentals (SFRs) cater to those who desire the space of a single-family home but the convenience and community feel of a multifamily rental. Learn more.

Projects rooted in the local community

Capital Square takes great care to respect and complement the local communities where we build. These roots are a fundamental pillar for every project we undertake.

Economic Impact

By analyzing the economic and fiscal impacts of our development projects, we not only know how many housing units are added to an undersupplied housing market but also job creation data, the annual state and local tax revenue generated during the construction of the properties as well as the tax revenue projected for their ongoing operation, and more.

Sustainability

Capital Square has a commitment to sustainability. In fact, we have recently developed a robust corporate responsibility and sustainability strategy that empowers us to operate conscientiously and make a lasting difference for our multifamily residents and the local communities we serve.

Capturing Local Artistry & Style

Staying true to the creative identity of the community has been at the heart of every development initiative in Scott’s Addition – just as understanding the local fabric has been essential in every Capital Square development project.

Capital Square Development
Scott's Collection patio

Data-driven market selection

Capital Square’s market selection process starts with the 143 largest MSAs in the United States. From there, we apply our selection criteria to focus on the best markets that fit our investment background and our strengths.

Where are Capital Square’s development projects?

Richmond, Virginia; Charleston, South Carolina; Raleigh, North Carolina; and Knoxville, Tennessee are examples of secondary and tertiary markets, where Capital Square has initiated development projects. Each of these cities have demonstrated successful growth and represent opportunities for continued flourishing. 

Partnerships that last

Capital Square is an active developer with partnerships that go back decades. In every development project, we work closely with our partners, the communities in which we build, and local governments.

Building the Future of Real Estate™

Capital Square Development’s mission is to execute high quality, placemaking development projects that serve the communities in which they reside.

Engaging with Local Small Businesses

Looking forward thoughtfully, including the voices and ideas of people throughout our community, creates the best future for all of us. This is why Capital Square strives to partner with and support local small businesses, both within our mixed-use and retail properties as well as in the neighborhoods surrounding our assets around the country.

Winning Multifamily Development Awards

The Otis in Richmond, Virginia earned a 2024 CoStar Impact Award for “Multifamily Development of the Year” in 2024, and this is only the beginning.

Scott's Collection common area
About Development Funds
about Opportunity Zone Funds
Explore Open investment opportunities

Case Studies & Construction Cameras

The following case studies showcase the diverse capabilities of our development team:

Scott’s Collection

Richmond, Virginia CSRA OZ Funds I, II & III Outdoor patio at the VIV decorated with lights, plants, and colorful furniture

Chasen

Richmond, Virginia CSRA Opportunity Zone Fund VII The front of West Marshall with people walking by and walking through the building

LIV

Knoxville, Tennessee CSRA Opportunity Zone Fund VIII LIV lit up in the evening with people walking and sitting outside

529 King Street

South Carolina CSRA Opportunity Zone Fund IV Front desk are of Roost with seating areas and arch walkway to elevators

Maeve

Raleigh, North Carolina CSRA Opportunity Zone Fund VI High up view of West Lenoir in the evening surrounded by the lit up city. The view of West Lenoir includes the parking garage and rooftop pool.

Otis

Richmond, Virginia CSRA Opportunity Zone Fund V Beautiful seating area in Otis with outdoor balcony and view of the city.

Steamboat Basecamp

Steamboat Springs, Colorado CSRA Steamboat Basecamp Steamboat Basecamp rendering

Building the Future of Real Estate™
Capital Square Development Capabilities

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Master Planning

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Development Management

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Design &
Construction Management

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Marketing Underwriting

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RFP

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Site Selection

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Due Diligence

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Delivery

Start a conversation with our development team

“With the launch of our build-for-rent division and the ongoing success of our multifamily development division, Capital Square continues to expand our reach by providing innovative investment offerings while building better futures for the communities we serve.”

Capital Square co-CEO, Whitson Huffman