RICHMOND, VA - Construction is officially underway at the newest multifamily development in Richmond s vibrant Scott s Addition neighborhood. Greystar, a leading global development firm, and Capital Square, a top sponsor of tax-advantaged real estate investments, acquired a 2.28-acre parcel at 1601 Roseneath and began construction in December 2020. The partners celebrated the progress with an onsite groundbreaking ceremony on Thursday, April 15. We are pleased to partner with one of the best and highest quality development and property management firms in the country, and to continue our already significant investment in Capital Square s hometown of Richmond, as well as in Scott s Addition, one of Richmond s hottest neighborhoods, said Adam Stifel, executive vice president of development at Capital Square.