Capital Square Opens Hybrid Apartment Hotel Ownership in Charleston

The 529 King Street ROOST Apartment Hotel will offer 50 extended-stay apartments in studio, one-, two-, and three-bedroom floor plans. (Courtesy of Morris Adjmi & LS3P)

CHARLESTON, SC – Capital Square opened the 529 King Street ROOST Apartment Hotel, a five-story luxury apartment hotel located in Charleston’s Garden District. The hybrid property will feature 50 extended-stay apartments in studio, one-, two-, and three-bedroom floor plans. The property will be operated under the ROOST Apartment Hotel brand, a division of Method Residential. The final development will total approximately 32,000 net leasable square feet, including an “outdoor lounge courtyard” and a rooftop lounge that will be open to the public.

Capital Square’s project partners include architect Morris Adjmi & LS3P, general contractor BL Harbert and Method Residential as retail leasing agent and co-developer of the property. 529 King is located in an opportunity zone, and Capital Square is funding the project in part with proceeds from its fourth qualifying opportunity zone fund, CSRA Opportunity Zone Fund IV LLC. The Richmond-based developer and investor plans to open the property in the summer of 2023.

Comments are closed.