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Capital Square Launches OZ Fund to Develop Luxury Charleston Hotel
National real estate firm Capital Square has announced the launch of CSRA Opportunity Zone Fund IV. The project-specific opportunity zone fund is raising capital to develop 529 King Street, a 50-unit, luxury apartment hotel and retail property within a designated opportunity zone in Charleston’s historic King Street corridor.
The fund seeks to raise $7.7 million in equity from investors and has a minimum investment of $100,000. Plans for the development include a five-story structure with 50 apartment hotel units, 4,218 square feet of street-level retail space, a rooftop lounge open to the public and a fitness center, library and co-working space on each floor.
The project will be co-developed with development, management, hospitality and design firm the Method Company. The finished property will operate under Method’s ROOST Apartment Hotel brand.
For comments, questions or concerns, please contact David Cohen
- ◦Development
