Capital Square Secures $49M for Upcoming Raleigh Tower

March 1, 2022

 CSRA Opportunity Zone VI LLC, a project-specific opportunity zone fund launched by Capital Square in September 2021, has raised $48.5 million in equity to begin the development of 320 West South Street, a 296-unit project in Raleigh, N.C. Led by Capital Square Development, the $121 million tower is set to break ground in April. 

Set for completion in the summer of 2024, the 20-story building is slated to encompass a mix of studio, one-, two- and three-bedroom apartments, as well as 8,384 square feet of ground-floor retail space and 437 parking spaces in a separate structure.

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