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Daily News: Wednesday 11/20/19


$1 Billion Mixed-Use Project in Raleigh To Contain Convention Center, Hotel, and Residential Space

Dewitt Carolinas Inc., a Raleigh-based development firm, has announced plans for a 40-acre mixed-use project. The $1 billion project, dubbed Midtown Exchange, is set to be built just east of Raleigh’s North Hills neighborhood. The project will contain a convention center, 790,000 square-feet of Class-A office space, 125,000 square-feet of retail and restaurant space, 300 hotel rooms, 300 senior living apartments, and 1,275 apartments, condos, and townhomes. 

$100 Million In Development Announced For Downtown Memphis

Tom Intrator, a New York-based developer, plans to invest $100 million across five projects in the South Main neighborhood of Memphis. The largest of these projects will be a $54 million hotel that will be constructed on top of the existing Downtown Memphis Royal Furniture Store. Other projects include a $30 million mixed-use tower, $14 million in renovations on a pair of vacant buildings, the construction of an apartment tower, and a repurposing of an abandoned warehouse. 

Plans Submitted For $18.7 Million, 10-Story Office Building In Denver

Following a site-acquisition costing $18.7 million, plans have been submitted calling for the construction of a 10-story office building in Denver. If completed, the structure would contain ~325,000 square-feet of office space between floors two and 10, below which would be 8,940 square-feet of ground-floor retail space. 

ShareMD Acquires More Than 100,000 SF Of Medical Office Space For $33.2 Million

Real estate investment firm ShareMD has recently acquired two new medical office buildings in Miami at a total cost of $33.2 million. The two buildings contain more than 100,000 square-feet of medical office space. ShareMD has indicated in a written statement that the 2 buildings will be used to roll out the company’s shared medical suite concept.

146,000 SF Office Building Sells For $23 Million In Stamford, CT

Stamford-based New England Real Investment Partners have purchased a 146,000 square-foot office building in Stamford, CT for $23 million, marking their second big purchase within the last year. The building was purchased from the Manhattan-based firm SL Green, one of the largest commercial building owners in the TriState Area.  

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