KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced it has broken ground on Livano Knoxville, an approximately 348-unit Class A multifamily community in a qualified opportunity zone in Knoxville, Tennessee. Construction of the development is expected to be completed by spring 2025. The project is being developed in partnership with LIV Development, a leading multifamily developer specializing in vibrant Class A communities across the United States.
“First in our home market of Richmond, Virginia, then Charleston, South Carolina, Raleigh, North Carolina, and, now, Knoxville, Tennessee, Capital Square is developing eight residential communities in leading southeastern markets. Driven by job production, low cost of living and a superior lifestyle, each of these markets are exceptional in their own, unique ways,” said Louis Rogers, founder and co-chief executive officer of Capital Square.
The development is located at 451 W. Blount Avenue, along the Tennessee River and directly across from Neyland Stadium, the University of Tennessee’s 101,915-person capacity football stadium. The multifamily community will include studio, one-, two- and three-bedroom apartment homes averaging approximately 929 square feet. Residents will have access to major employers including the U.S. Department of Energy Oak Ridge National Laboratory, Covenant Health, the University of Tennessee, Tennessee Valley Authority, Knox County Schools, University Health System, The Dollywood Company, Clayton Homes, DENSO Corporation, Tennova Healthcare and Blount Memorial Hospital.
The partnership has committed an allocation of 10% of the development’s units to workforce housing, available to residents who earn up to 80% of the area’s annual median family income. The partnership completed the acquisition of the 5.9-acre lot in January 2023 and secured a $70.4 million construction loan agreement with Truist Bank.
“Knoxville is a highly attractive growth market with a rapidly growing population, making this the perfect location for Capital Square to develop our next opportunity zone project,” said Whitson Huffman, co-chief executive officer. “As an active developer in Southeast markets, Capital Square is pleased to bring an exceptional multifamily community to Knoxville residents.”
The partnership has engaged Ardurra as civil engineer, Niles Bolton Associates, Inc. as building architect, Southern Building Group as general contractor and Design South Interiors as interior designer.

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ADDISON, TX – JPI, a leader in the development of best-in-class multifamily communities, has broken ground on Jefferson Addison Heights, a Class A development that will bring 290 homes to Addison, Texas.
The new 5-tale development will span nearly 3 acres at the Southeast quadrant of Airport Parkway and Addison Road and will feature a furnished clubhouse including a game room equipped with chess, pool, and shuffleboard; a fitness center including a yoga and spin studio; and a resort-style pool, and cabanas. The homes will include an assortment of leading amenities typical to JPI communities, such as stone countertops, stainless steel energy-efficient appliances, and minimum 10′ ceilings.
Because JPI develops each community specifically with the surrounding area in mind, Jefferson Addison Heights will include a unique design to take advantage of the views of nearby Addison Airport and provide a connection for pedestrians and residents to walk to the amenities offered within Addison Circle. A unique offering of this community will be the 4th-floor mezzanine units with private roof decks to overlook Addison Airport, providing some of the best seats in town for the annual Kaboom Town fireworks show.
Recognized by RealPage as the most active developer in DFW for the seventh consecutive year, JPI has been delivering a steady supply of communities throughout DFW to respond to the robust job growth driving the economy. Specific to Dallas County, this is the 20th community that JPI has built in the last 5 years.
“Addison offers a wealth of opportunities for residents and organizations to flourish,” said Payton Mayes, CEO of JPI. “We’re thrilled to bring Jefferson Addison Heights to this bustling community that over 2,000 businesses call home and thankful to the Town of Addison for working with us to turn this vision into reality.”
The population in Addison has grown more than 15% in the last decade and hosts the headquarters of many corporations such as May Kay Cosmetics and Hitachi Consulting. The new community is conveniently located just 1 mile from Prestonwood Town Center (which includes huge-name retailers like Walmart, Michael’s, and Wells Fargo), and 3 miles from the Galleria Mall.
“Addison has a strong business culture and a “can-do” attitude,” said Mayor Bruce Arfsten. “JPI brings that same spirit and has a track record for delivering best-in-class homes. We’re excited to partner with them to deliver this new community to the residents of Addison.”

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PHOENIX, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Amavi Aster Ridge, a single-family build-to-rent community adjacent to the Anthem neighborhood of North Phoenix.
The community, which will offer a mix of 177 two- and three-bedroom townhomes, represents Mill Creek’s first single-family build-to-rent community within the Phoenix area. Mill Creek formally expanded into the Arizona market in 2021 with a new regional office and recently broke ground on two multifamily developments in the Kierland area. First go-ins at Amavi Aster Ridge are anticipated for February 2024.
“We’re keen to get started on this development, as Amavi Aster Ridge will represent the only professionally managed townhome community in the North Phoenix/Anthem area,” said Sam Griffin, vice president of land acquisition for Mill Creek’s Southwest Region. “This community will represent a right townhome product with attached garages and private backyards, and we’re excited to help meet the growing demand for quality housing in the area as it continues to emerge as a key employment hub.”
Situated at 4288 W. Denali Lane, Amavi Aster Ridge will sit adjacent to Anthem, an award-winning master-plotted community known for its tranquil high-desert scenery, a high-performing school district and wide array of retail, dining and recreational outlets. The community sits within 15 minutes of the Taiwan Semiconductor campus, a $40 billion facility that will anchor the growing employment sector in the Anthem/Deer Valley area. Residents will also have expedient access to Interstate 17 and Anthem Way along with several nearby parks, lakes and nature preserves.
Amavi Aster Ridge will be a gated community, and each home within will feature attached front-loaded garages and fenced private backyards. The community’s two-bedroom townhomes will range from approximately 1,200 to 1,400 square feet while the 25 three-bedrooms homes will measure approximately 1,500 square feet.
Community amenities will consist of a clubhouse/leasing office, outdoor swimming pool, onsite park with playground, fitness studio and open green spaces. The community will also feature modern streetscapes and aesthetically manicured common areas. Home interiors will be delivered with stainless steel appliances, wood plank-style flooring, nine-foot ceilings, granite countertops, tile backsplashes, smart thermostats, controlled guest-access technology, ceiling fans and in-home washers and dryers.

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