Dewitt Carolinas preparing for billion-dollar development in Raleigh

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Dewitt Carolinas is preparing to build a massive mixed-use development with an estimated value of $1 billion in Raleigh’s Midtown area.

The Raleigh-based real estate development firm will begin building one of the city’s biggest commercial developments next year, reports the News & Observer.

MTX One is the first of a pair of sleek 12-story towers that will be linked by a skybridge and will overlook St. Albans and Benson drives. Construction on the first tower will start in the first half of 2021 and the building will offer 330,000 sq. ft. of office space, 19,000 sq. ft. of retail and 5,000 sq. ft. of conference and meeting space.

Plans for the rest of the development include office and residential high-rises, a hotel, a convention center, retail and restaurant space. Housing construction is slated to include 300 senior apartment units and 1,275 apartment, condo and townhome units.

Rule Joy Trammell + Rubio is designing the development.

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