Capital Square Opens Downtown Raleigh High-Rise

[ad_1] Nationwide actual property agency Capital Sq. not too long ago celebrated the opening of its mixed-use improvement situated at 319 W. Lenoir St. in downtown Raleigh, N.C. Throughout from the Conference Heart within the Warehouse District, the tower dubbed Maeve rises 20 tales and has made a notable mark on the town’s skyline.

Maeve is a luxurious high-rise that comes with practically 300 residence houses and greater than 10,000 sq. ft of ground-floor, downtown Raleigh retail area. The roughly 30,000 sq. ft of facilities on the property embody a health heart, a rooftop lounge, resort-style swimming pool and, in fact, coworking areas. What’s extra, the property additionally features a multilevel parking storage with greater than 400 areas which can be out there for residents and visitors.

“Capital Sq. is proud to rejoice the grand opening of Maeve, the place residents are actually having fun with a refined dwelling expertise full with premier facilities and sweeping views of downtown Raleigh and the Pink Hat Amphitheater,” mentioned Whit Huffman, co-chief government officer of Capital Sq.. “Extra importantly, this marks a major step within the ongoing transformation of the Raleigh Warehouse District right into a thriving, 24-hour neighborhood. That momentum will proceed to construct as a whole bunch of recent residents make Maeve and this vibrant group their house.”

Positioned inside a professional alternative zone on the intersection of the Boylan Heights neighborhood, Dorothea Dix Park and downtown Raleigh, Maeve stands as certainly one of few luxurious flats communities within the metropolis. The tower can be well-situated inside strolling distance of leisure venues, eating places, cultural landmarks and main employers. Moreover, its proximity to U.S. Route 70 means quick access to the Analysis Triangle and several other nationally famend instructional establishments, such because the College of North Carolina at Chapel Hill and North Carolina State College.

“What was as soon as a shuttered constructing and a floor parking zone has develop into a powerful, 20-story landmark residence tower with ground-floor retail, extending the downtown core south,” mentioned Louis Rogers, founder and co-chief government officer of Capital Sq.. “By investing in Maeve, traders from North Carolina and past are in a position to take part in Raleigh’s progress engine. And, the icing on the cake for traders — taxes on the sale of Maeve will probably be forgiven after a 10-year holding interval below the chance zone laws.”

Final modified: April 29, 2025

Earlier Story:UCLA Well being Maintains Santa Monica Presence With Lease Renewal Concerning the Creator / Ioana Ginsac Ioana Gînsac is a artistic author protecting all-things-CRE for a number of Yardi community publications. Subjects embody business information and market experiences, in addition to sustainable improvement, structure, urbanism, and extra. Her work has been referenced by publications together with AmericanInno, Bisnow, BusinessInsider, Business Property Government, Curbed, Quick Firm, Forbes, GlobeSt.