Capital Square Opens Downtown Raleigh High-Rise

National real estate firm Capital Square recently celebrated the opening of its mixed-use development located at 319 W. Lenoir St. in downtown Raleigh, N.C. Across from the Convention Center in the Warehouse District, the tower dubbed Maeve rises 20 stories and has made a notable mark on the city’s skyline.

Maeve is a luxury high-rise that incorporates nearly 300 apartment homes and more than 10,000 square feet of ground-floor, downtown Raleigh retail space. The roughly 30,000 square feet of amenities at the property include a fitness center, a rooftop lounge, resort-style swimming pool and, of course, coworking spaces. What’s more, the property also includes a multilevel parking garage with more than 400 spaces that are available for residents and guests.

“Capital Square is proud to celebrate the grand opening of Maeve, where residents are now enjoying a refined living experience complete with premier amenities and sweeping views of downtown Raleigh and the Red Hat Amphitheater,” said Whit Huffman, co-chief executive officer of Capital Square. “More importantly, this marks a significant step in the ongoing transformation of the Raleigh Warehouse District into a thriving, 24-hour neighborhood. That momentum will continue to build as hundreds of new residents make Maeve and this vibrant community their home.”

Located within a qualified opportunity zone at the intersection of the Boylan Heights neighborhood, Dorothea Dix Park and downtown Raleigh, Maeve stands as one of few luxury apartments communities in the city. The tower is also well-situated within walking distance of entertainment venues, restaurants, cultural landmarks and major employers. Additionally, its proximity to U.S. Route 70 means easy access to the Research Triangle and several nationally renowned educational institutions, such as the University of North Carolina at Chapel Hill and North Carolina State University.

“What was once a shuttered building and a surface parking lot has become a magnificent, 20-story landmark apartment tower with ground-floor retail, extending the downtown core south,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “By investing in Maeve, investors from North Carolina and beyond are able to participate in Raleigh’s growth engine. And, the icing on the cake for investors — taxes on the sale of Maeve will be forgiven after a 10-year holding period under the opportunity zone legislation.”