Tenants are slated to start moving in April 2024. | Photo by RALtoday
The Exchange Raleigh, a $1 billion dollar mixed-use development, is well underway with its first tower, 1000 Social, topping out last month in Midtown.
We walked through the framework — hard hat and all — with Dewitt Carolinas CEOs Todd Saieed andVen Pooleto chat about their vision for the tower and the 40-acre project.
Here’s what we learned:
Saieed and Poole grew up in Raleigh, so they are creating this project with the community top-of-mind. The development will be surrounded by an expansive four-acre park and three acres of trees, designed with a WELL Building Standard. The company says it is prioritizing sustainability and wellness efforts before, during, and after construction is complete.
“We wanted to create highly amenitized buildings to enhance and compliment employee lives,” Saieed said.
Residents will have access to luxury conveniences — including six destination dispatch high-speed elevators, balconies on every floor, advanced air filtering systems, private bathroom pods, and concierge services.
The community will have access to 20,014 sqft of ground-floor retail and restaurant space with plenty of outdoor seating available.
The newly constructed double-helix parking deck will offer 1,585 spaces and allow for faster and more convenient arrivals and departures.
What’s one of our favorite features? Oh, we’re glad you asked. The two-story main lobby will feature an illuminated contemporary tree trunk sculpture to represent the company’s roots in the City of Oaks.
The 12-story tower is 50% pre-leased, with tenants slated to start moving in April 2024 — Whitley Law Firm, Summit Design and Engineering Services, GFL Environmental, Inc., and Dewitt Carolinas, Inc., will occupy 165,000 sqft of the available 330,000 sqft of Class A office space.
What’s next? The infrastructure is almost complete, which includes enhancements to city roads and neighboring sidewalks. 1000 Social’s portion of the sky bridge is being connected to the 10th and 12th floors and will be ready to accept the mirroring tower, 2000 Social. A timeline for the second tower has not yet been announced.
Events
Monday, July 3
Bingo Night at the Lounge | Monday, July 3 | 7-9 p.m. | The Long Leaf Hotel, 300 N. Dawson St., Raleigh | Free | Sip on craft cocktails and play bingo for a chance to win prizes.
Tuesday, July 4
July 4th Open House | Tuesday, July 4 | 11 a.m.-4 p.m. | Joel Lane Museum House, 160 S. St. Mary’s St., Raleigh | Free | Watch reenactors, listen to live music, and enjoy crafts and activities for kids of all ages.
Raleigh 4th of July Fireworks | Tuesday, July 4 | 6 p.m. | Dorothea Dix Park, 1030 Richardson Dr., Raleigh | Free | Roll out a blanket and pack a picnic to enjoy music, play field games like cornhole, and watch fireworks at 9 p.m.; food trucks will also be on-site.
Wednesday, July 5
Crank Arm Wednesday Night Ride | Wednesday, July 5 | 6:30 p.m. | Crank Arm Brewing Company, 319 W. Davie St., Raleigh | Free | Don’t forget your helmet and lights for this 10 to 15 mile bike ride.
Thursday, July 6
The Revivalists + The Head And The Heart | Thursday, July 6 | 6:30 p.m. | Red Hat Amphitheater, 500 S. Salisbury St., Raleigh | $45-$200 | Listen to this rock and indie folk band perform live with special guest Jaime Wyatt.
Raleigh is getting its first, and NC’s second, PGA Tour Superstore. Located in Midtown, the massive golf shop features hitting bays, lessons, and everything you need to hit the greens. Swing on over to its grand opening Saturday, July 8.
Biz
Local tech giant Red Hat is adding 350 employees to its roster after agreeing on a deal with Nokia. The partnership means that Red Hat will serve as Nokia’s primary reference platform. This deal gives Red Hat the opportunity to secure new customers and a possible boost in cloud revenues. (WRAL)
Sports
The Carolina Hurricanes added 10 players to its 2022-23 team roster at the NHL Draft. The Canes brought in defenseman Dmitry Orlov and forward Michael Bunting. Carolina also resigned goalies Frederik Andersen and Antti Raanta, and forward Jesper Fast. (The News & Observer)
Award
The Triangle Business Journal revealed its 40 Under 40 Awards, honoring local business and community leaders who are shaping the Triangle. So, who made the list? A few Raleigh standouts are Bee Downtown Inc.'s Leigh-Kathryn Bonner, Nick Neptune with Dix Park Conservancy, and Mercedes Harris with RBL Catering.
Travel
Starting Monday, July 10, NC By Train riders will be able to choose from 10 daily passenger train trips connecting Charlotte to downtown Raleigh for as low as $30 each. The station also previously revealed more trains and new schedules. Start planning your trip.
Eat
Having family over for the Fourth? Pro tip: This hearty, flavorful breakfast recipe comes together in a flash and feeds a crowd. Just add coffee (or mimosas).*
Cause
🐾 Go on, boop the snoot
Support SPCA Wake to become boop certified
Walter’s snoot has officially been booped thanks to a donation. | Photo courtesy of SPCA Wake
What’s a boop? It’s a gentle, affectionate tap on the nose, and the SPCA of Wake County wants to leave no snoot un-booped. The animal adoption center’s Boop-A-Palooza fundraising event has been extended to Wednesday, July 5.
All donations will be matched and gifts of $20 or more will receive a Certificate of Boop Authenticity and a digital photo of your certified boop... and believe us, it’s worth it.
Speaking of pups... you can now purchase Ripken the Bat Dog T-shirts. Grab one at the Wednesday, July 5 Bark in the Park game against the Norfolk Tides, my hometown team. And learn more about Ripkin the Bat Dog.
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