Dewitt Carolinas’ 1000 Social at $1B The Exchange Reaches 50% Pre-Leased
Real estate development firm Dewitt Carolinas, Inc. has pre-leased 50% of 1000 Social, the first of two 12-story towers at its 40-acre, $1-billion-dollar project, The Exchange Raleigh.
Of the project’s 330,000 square feet of Class A office space, 165,000 square feet has been spoken by tenants include The Whitley Law Firm, Summit Design and Engineering Services, GFL Environmental, Inc. and Dewitt Carolinas, Inc.
Dewitt Carolinas, Inc. attributes the robust leasing activity to its innovative vision for The Exchange Raleigh and its commitment to biophilic design and the WELL Building Standard, which are shown to improve employee productivity, retention, and overall well-being.
“Our embrace of the natural surroundings and the people-first concepts driving our design and construction have been critical factors for our tenants,” said Dewitt Carolinas, Inc. CEO Todd Saieed. ”Advanced ionization air filtration, sophisticated lighting and HVAC systems, and access to The Exchange Raleigh’s park and greenway trails will contribute to the WELL Building Standard.”
About 1000 Social and The Social Towers
In addition to the 330,000 square feet of Class A office space, 1000 Social will include approximately 20,000 square of retail, and 8,000 square feet of conference and meeting centers. The main lobby is a two-story ultra-modern space that will feature large-scale contemporary art and expansive views of the four-acre park that is central to The Exchange Raleigh.
The building is one of two mirror-image towers, the Social Towers, that will be connected via an elevated skybridge and park. Serving as a signature and iconic element for The Exchange Raleigh and a new landmark in Midtown Raleigh, the skybridge will offer a dramatic focal point that will be visible from Raleigh’s beltline I-440.