14-09-2022 Press

$1B Midtown Development Moves Forward


“Just down the road from where Kane Realty Corp. has hit a snag on its development plans, another massive project is moving forward. Known as The Exchange, the $1 billion project along St. Albans Drive near Duke Raleigh Hospital is nearing the end of its foundational work before the first of two 12-story buildings goes vertical.

Dewitt Carolinas is the developer behind the mixed-use destination, which is expected to take between seven to 10 years to complete and will include apartments, retail and office space.

In other words, expect the development train to keep rolling along in Raleigh.”

David Purtell, Digital Editor | TBJPlus 9.14.22