Capital Square Completes Livano Knoxville Multifamily Community in Opportunity Zone

Capital Square has completed Livano Knoxville, a 348-unit Class A multifamily community developed in partnership with LIV Development in a qualified opportunity zone in Knoxville, Tennessee. The community received its certificate of occupancy in October 2025 after completion of the first of two buildings and began leasing immediately. As of June 2026 the property is 74 percent leased and 57 percent occupied, tracking its lease-up projections.

"Livano Knoxville reflects our vision for delivering quality housing in high-growth markets while creating meaningful value for residents and investors, said Louis Rogers, founder and co-chief executive officer of Capital Square. This milestone underscores both the strength of the Knoxville market and the impact of thoughtful development."

Located at 465 W. Blount Avenue along the Tennessee River and directly across from the University of Tennessee’s Neyland Stadium, Livano Knoxville offers studio through three-bedroom apartment homes that average approximately 930 square feet. The community includes 35 workforce housing units reserved for residents earning up to 80 percent of area median income. Interior finishes include wood-style flooring, stainless steel appliances, ceramic tile backsplashes and in-unit washers and dryers.

Property amenities provide a range of resident services and lifestyle spaces, including a resort-style pool, two-story fitness center, coworking space, a game day sky lounge with river and stadium views, and direct access to the Tennessee Riverwalk.

"Knoxville and the surrounding region have experienced strong demand for high-quality multifamily housing, and Capital Square is proud to deliver Livano Knoxville to meet that need, said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. Opportunity zone investment is intended to drive economic growth. This project satisfies the goal of the opportunity zone legislation by creating long-term economic growth."

Development of Livano Knoxville was funded in part by Capital Square’s eighth qualified opportunity zone fund, CSRA Opportunity Zone Fund VIII, LLC. An economic impact study by FTI Consulting found the project generated significant activity during construction, including 635 jobs annually and a projected $2.9 million in state and local tax revenue during construction, with an anticipated $2.1 million in annual tax revenue through operations.

Since its founding in 2012, Capital Square has expanded its multifamily development platform, acquiring more than 175 real estate assets on behalf of over 6,500 investors and establishing a recognized position in opportunity zone investments and developments. Livano Knoxville adds to that platform while delivering a mix of market-rate and workforce housing options in a transit- and amenity-rich location.