Capital Square Breaks Ground on Second Richmond OZ Project
January 28, 2021
National real estate firm Capital Square has broken ground on Scott’s Collection II, a 60-unit, mixed-use multifamily development in the Scott’s Addition qualified opportunity zone in Richmond, VA.
Located at 2900 – 2904 West Clay St., Scott’s Collection II is a single-structure, ground-up development that will include a five-story, Class A multifamily community with 60 units, private unit balconies and a lobby area. Situated on nearly half an acre of land, the project will feature a wood-framed building situated above a concrete podium and 50-55 onsite parking spaces. Scott’s Addition is a historic area that is now the City of Richmond’s fastest growing neighborhood and the second-highest performing market with 97.5% occupancy.
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