Capital Square Breaks Ground on MXU OZ Project in Richmond

Home / Latest News / Capital Square Breaks Ground on MXU OZ Project in Richmond
Capital Square Breaks Ground on MXU OZ Project in Richmond

August 18, 2020

Capital Square has announced the groundbreaking of Scott’s Collection, a ground-up, mixed-use project in the Scott’s Addition designated opportunity zone in Richmond.

Located at 3000–3008 West Clay St., the project is a single-structure, ground-up development that will include a five-story multifamily community with 80 units. The project will also feature a 3,700-square-foot, elevated courtyard and 65-70 onsite parking spaces. Scott’s Collection I is the first in a group of three developments that will make up “Scott’s Collection” in Scott’s Addition.

The development of Scott’s Collection I is the direct result of CSRA Opportunity Zone Fund I, LLC, a project-specific opportunity zone fund launched by Capital Square in July 2019. The opportunity zone fund raised equity to begin the development of the project. M&T Bank provided the construction loan for the project while Urban Core Construction has been tapped to build the ground-up development.

Leave a Reply