Capital Square and LIV Development Complete 348-Unit Livano Knoxville Multifamily Community in Tennessee Opportunity Zone
KNOXVILLE, Tenn., June 10, 2026–(BUSINESS WIRE)–Capital Square, a leading sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities nationwide, has completed Livano Knoxville, a 348-unit, Class A multifamily community located in a qualified opportunity zone in Knoxville, Tennessee. Capital Square partnered with LIV Development as co-developer.
Livano Knoxville received its certificate of occupancy in October 2025, following the completion of the first of the development’s two buildings, and has since begun leasing to residents. As of June 2026, the community is 74% leased and 57% occupied, tracking 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 includes studio, one-, two- and three-bedroom apartment homes averaging approximately 930 square feet. The community includes 35 workforce housing units reserved for residents earning up to 80% of the area median income (AMI). Residences feature wood-style flooring, stainless steel appliances, ceramic tile backsplashes and in-unit washers and dryers. Community amenities include a resort-style pool, two-story fitness center, coworking space, 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 has been funded in part by Capital Square’s eighth qualified opportunity zone fund, CSRA Opportunity Zone Fund VIII, LLC.
According to an economic impact study by FTI Consulting, construction of Livano Knoxville generated significant economic activity, including 635 jobs annually. The development produced a projected $2.9 million in state and local tax revenue during construction and is projected to generate $2.1 million annually through operations.
