#United States #Raleigh #Capital Square #Maeve

Maeve: A New Landmark in Downtown Raleigh

On April 23, 2025, Capital Square celebrated the grand opening of Maeve, a stunning 20-story mixed-use high-rise in Raleigh's Warehouse District. This significant development represents more than just a luxury apartment complex; it is a testament to the city’s ongoing revitalization efforts, particularly in the Opportunity Zone designed for economic growth.

The event was attended by notable local figures, including Raleigh Mayor Janet Cowell and key stakeholders from the Downtown Raleigh Alliance and the Raleigh Convention Center. Following a series of speeches, attendees were given a guided tour of the impressive amenities Maeve has to offer.

Transforming the Urban Landscape
Louis Rogers, founder and co-CEO of Capital Square, spoke about the transformation of Maeve from a previously underutilized area into a vibrant hub. The tower consists of 297 residential units, featuring a mix of studios and one to three-bedroom apartments, all equipped with high-end finishes such as stainless steel appliances, luxury flooring, and modern cabinetry.

Maeve's ground floor offers over 10,000 square feet of retail space that is currently available for lease, providing future residents with immediate access to shopping and dining options. The building features a grand double-height lobby, a resort-style pool, a rooftop lounge, coworking spaces, and a fitness center, providing an array of amenities that cater to modern living.

Location and Accessibility
Situated at 319 West Lenoir St., Maeve finds itself at the intersection of the Boylan Heights neighborhood, Dorothea Dix Park, and downtown Raleigh. Residents will benefit from the proximity to entertainment venues, restaurants, cultural landmarks, and major employers in the area. Its convenient access to U.S. Route 70 enables quick travel to notable universities such as Duke University and North Carolina State University.

Whit Huffman, co-CEO of Capital Square, emphasized the lifestyle benefits that Maeve offers to residents, including unparalleled views of downtown Raleigh and locales like Red Hat Amphitheater. Huffman acknowledged that Maeve is pivotal to the transformation of the Warehouse District into a lively community, making it attractive for many new residents.

Economic Impact and Employment Opportunities
Constructed between the fall of 2022 and spring 2025, the development provided substantial economic benefits during its construction phase, supporting an estimated 750 jobs and generating an impressive economic output. Maeve is expected to create 78 permanent jobs, providing leasing and maintenance services once the building became operational. Furthermore, the building is projected to deliver significant economic benefits on an ongoing basis, contributing millions to Raleigh's GDP and local tax revenues.

Capital Square partnered with notable firms, including JDAVIS Architects and W.M. Jordan Company, to bring Maeve to fruition, ensuring that this project adheres to high standards of design and functionality. The building was funded through a combination of construction loans, equity investments, and proceeds from their qualified Opportunity Zone funds.

Looking Ahead
Maeve stands as a shining example of how strategic investments in Opportunity Zones can catalyze urban renewal while providing opportunities for investors and residents alike. In developing Maeve, Capital Square is not only enhancing the city's skyline but also creating a sustainable living environment that meets the needs of the modern urban dweller.

This landmark development promises to be a cornerstone for future growth in Raleigh, showing that with thoughtful planning and execution, cities can thrive and evolve into vibrant urban landscapes that attract and retain residents.

In summary, Maeve is more than just a residential tower; it is a pivotal piece in Raleigh's urban evolution, representing an investment in the future of the community both socially and economically.

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