DeWitt Carolinas Breaks Ground on Raleigh Luxury Tower
The $200 million mixed-use project includes 289 apartments and a massive athletic club.
Updated on Oct. 29, 2026 in Construction
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DeWitt Carolinas has officially broken ground on a 20-story luxury apartment and fitness complex in Raleigh. The project serves as the second phase of the expansive Exchange Raleigh development.
Why it matters
The development aims to capitalize on rising urban demand for integrated convenience and lifestyle amenities by placing residential units directly above an athletic club. It highlights a growing trend of designing residential spaces that prioritize resident access to health and experience-focused facilities.
The 20-story tower features 289 apartment units, with 75% offering private balconies. The base includes an 80,000-square-foot athletic club and a 40,000-square-foot rooftop beach club.
The players
DeWitt Carolinas
A real estate development firm focused on large-scale urban projects in the Carolinas.
Consigli Construction
A construction management firm that handles large institutional and residential development projects.
The details
Consigli Construction is serving as the general contractor for the building, which allows residents to reach the gym and amenity deck directly via elevator. The project is designed to anchor the ongoing 40-acre development site.
Timeline
Groundbreaking for the project occurred on October 29, 2026.
DeWitt Carolinas began the initial 40-acre Exchange project in 2022.
The 1000 Social office tower at the development opened in late 2024.
Construction of the new tower is expected to be complete by 2028.
Market Landscape
This project follows the industry trend of mixed-use urban development by clustering high-end residential, office, and recreational spaces into a single hub. It positions the Exchange Raleigh development as a comprehensive lifestyle destination against other suburban apartment complexes.
Residents of the new complex will gain elevator-access proximity to an extensive private athletic facility and rooftop deck. The ongoing development of the site may lead to increased density and expanded service offerings in the surrounding Raleigh area.
The takeaway
Large-scale urban residential projects are increasingly prioritizing onsite wellness infrastructure to attract high-end tenants. Future residents in similar developments should evaluate whether the convenience of included fitness amenities justifies the likely premium on rental costs.
Further reading
For updates on local developments, visit the Raleigh Construction section.
Source note: This article includes information reported by Business North Carolina.
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