Capital Square, a leading sponsor of tax-advantaged real estate investments and a national developer and manager of housing communities, announced today that The Nickel Hotel has been named Charleston’s 2026 CoStar Impact Award winner for Commercial Development of the Year by an independent panel of industry professionals.
“The Nickel Hotel reflects our commitment to delivering distinctive, experience-driven development in high-demand markets like Charleston,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “We are honored to be recognized by CoStar for a project that blends thoughtful design, historic inspiration and long-term investment value.”
Completed in spring 2025, The Nickel Hotel draws inspiration from the ornate ironwork found throughout Charleston — also known as “the Holy City”— including its gates, passageways, historic homes and churches.
The five-story property features 50 units, including two penthouse suites, with full-size kitchens, custom wood vanities, marble countertops and in-unit washers and dryers. Select rooms include arched, floor-to-ceiling windows, while others offer private balconies with double French doors. Amenities include a lush interior courtyard, private guest lounge and the rooftop bar and lounge, Rosemary Rose. Street-level retail space on historic King Street is leased to Greyson Clothiers, a premier lifestyle apparel brand.
Development of The Nickel Hotel was funded by Capital Square’s fourth qualified opportunity zone fund, CSRA Opportunity Zone Fund IV, LLC, as well as proceeds from Method Co., the project’s co-developer and operator.
As designed under opportunity zone legislation, the development has already delivered significant economic benefits. Construction supported 250 annual jobs and generated $1.6 million in annual tax revenue. The property is also expected to contribute $1.9 million to GDP and $1.2 million in annual labor income beginning in 2025, when the doors opened. Since its launch, the boutique hotel has quickly become a new destination that supports the continued transformation and expansion of Charleston’s urban and cultural core.
The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects with significant influence in neighborhoods or submarkets across 129 major markets in the United States, Canada and the United Kingdom. The award celebrates commercial real estate professionals that have brought leadership, innovation and professionalism to their markets, by spotlighting commendable transactions and projects.
Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million.
About Capital Square
Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.
Disclosure
Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.
