Modernizing Midtown

In Buzz, May 2021 by Melissa HowsamLeave a Comment

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First glimpse at updated renderings of Wake Forest Road’s billion-dollar baby

In a word: transformational. We initially previewed Midtown Exchange over a year ago when news broke of Raleigh’s first announced billion-dollar project—situated across from Duke Raleigh Hospital, which will forever change the face of life on Wake Forest and St. Albans roads.

Having now broken ground, we take a look at the progress of this 40-acre mixed-use real estate project by Dewitt Carolinas, what the twin towers will look like and how the two buildings will be bridged (literally—think all-glass totally translucent sky bridge with overhead garden).

Once complete, in addition to the twin office towers, Midtown Exchange will include a water feature, residential units, hotel rooms, and supporting restaurants and retail—and rumor has it, a concert space by Live Nation to boot. While the infrastructure for the development is in progress and slated for completion by year’s end, construction for the park, first office tower and retail is slated to begin in Q3 and Q4 of this year.

Beyond the buildings: Parks are no doubt having their moment. Landing just in time is Midtown Exchange’s new green space and play area, for which design is currently underway. “Midtown Exchange Park is the quintessential piece of Midtown Exchange that makes it unique in its design,” says Dewitt Carolinas CEO Todd Saieed. “Dewitt Carolinas is carefully designing unique elements within the park to celebrate our community, promote wellness and boost creativity for all ages.”

Ultimately, Midtown Exchange is a manifestation of a long-term vision and commitment, and 20-year acquisition of land by Dewitt Carolinas. “We have been persistent and strategic in assembling this property, pursuing the zoning required and earning the trust of our neighbors, City Council and business partners,” says Saieed. Clearly, an acquisition that will further modernize a long-neglected part of Midtown.

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