Capital Square Breaks Ground Multifamily in Knoxville Opportunity Zone
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Capital Square has broken ground on Livano Knoxville, an approximately 348-unit Class A multifamily community in a qualified opportunity zone in Knoxville, TN. Construction is expected to be completed by spring 2025. The project is being developed in partnership with LIV Development.
The development is located at 451 W. Blount Avenue. The multifamily community will include studio, one-, two- and three-bedroom apartment homes.
The partnership has committed an allocation of 10 percent of the development’s units to workforce housing, available to residents who earn up to 80 percent of the area’s annual median family income. The partnership completed the acquisition of the 5.9-acre lot in January 2023 and secured a $70.4 million construction loan agreement with Truist Bank.
The partnership has engaged Ardurra as civil engineer, Niles Bolton Associates, Inc. as building architect, Southern Building Group as general contractor and Design South Interiors as interior designer.
Capital Square Breaks Ground Multifamily in Knoxville Opportunity Zone
Capital Square Breaks Ground Multifamily in Knoxville Opportunity Zone
[ad_1]
Capital Square has broken ground on Livano Knoxville, an approximately 348-unit Class A multifamily community in a qualified opportunity zone in Knoxville, TN. Construction is expected to be completed by spring 2025. The project is being developed in partnership with LIV Development.
The development is located at 451 W. Blount Avenue. The multifamily community will include studio, one-, two- and three-bedroom apartment homes.
The partnership has committed an allocation of 10 percent of the development’s units to workforce housing, available to residents who earn up to 80 percent of the area’s annual median family income. The partnership completed the acquisition of the 5.9-acre lot in January 2023 and secured a $70.4 million construction loan agreement with Truist Bank.
The partnership has engaged Ardurra as civil engineer, Niles Bolton Associates, Inc. as building architect, Southern Building Group as general contractor and Design South Interiors as interior designer.
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