Dewitt Carolinas Receives Approval of 39.4 Acre Rezoning to CX-20-CU and CX-7-CU Along St. Albans Drive

May 16, 2017 - (Newswire)

- On May 2, 2017, Dewitt Carolinas, Inc. received unanimous approval from the Raleigh City Council to rezone a combined 39.4-acre tract of land along St. Albans Drive and Benson Drive. The approved zoning is a combination of CX-20-CU and CX-7 CU. This will allow Dewitt Carolinas the flexibility to develop projects with heights ranging from seven stories to 20 stories. The developers worked in close collaboration with the Midtown Community Advisory Council and its immediate neighbors to address concerns over height, noise, light and traffic culminating in 18 specific conditions applicable to the property under the new zoning.

Patrick Martin, Chairperson of Midtown Citizens Advisory Council, stated: "Dewitt Carolinas took an unprecedented collaborative approach from the beginning and through a series of meetings and public hearings we reached consensus on a package of development conditions. It was truly a pleasure to deal with this developer and we look forward to their future endeavors."

Todd Saieed, CEO of Dewitt Carolinas, Inc., stated, "Ven Poole and I have been dreaming about this day for over 15 years and since we bought the original 20 acres we've had a clear vision of what we want to accomplish here. This is our home town and literally our back yard, so it's exciting to have the zoning flexibility to dream big and eventually bring those dreams to reality."

About Dewitt Carolinas, Inc.
Dewitt Carolinas Inc. is a Raleigh based full-service diversified real estate company with over 75 years of combined experience specializing in office/retail/multifamily development, property management and leasing and construction management.

For more information contact Dewitt Carolinas, Inc. at (919) 863-1000 or visit www.dewittcarolinas.com.

SOURCE Dewitt Carolinas

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Original Source: https://www.newswire.com/news/dewitt-carolinas-receives-approval-of-39-4-acre-rezoning-to-cx-20-cu-and-cx-7

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