Life Time and Dewitt Carolinas Break Ground on Life Time Living at The Exchange Raleigh
The groundbreaking initiates Phase Two of the broader $1 billion Exchange Raleigh development.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Life Time (LTH) and Dewitt Carolinas broke ground on Life Time Living at The Exchange Raleigh on October 29.
The project launches Phase Two of the 40-acre, $1 billion master-planned development; that budget covers the broader development, not just Life Time's project. Planned to open in 2028, the rental residential tower will be built with an 80,000-square-foot athletic country club and a 40,000-square-foot rooftop beach club. Both clubs will be open to residents and members.
Life Time also plans additional Life Time Living openings in King of Prussia, Pennsylvania, and Paradise Valley, Arizona, next year.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Raleigh residential and club expansion broke ground October 29, with opening planned for 2028.
- Minor point. Forward-looking: it has not happened yet and may not happen.Life Time Living plans additional openings in King of Prussia and Paradise Valley next year.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Milestone event launches phase two of
Life Time Living, planned for a 2028 opening, is a vertically integrated tower of high-end multi-family residences for lease. It will be built together with an 80,000-square-foot, four-level Life Time athletic country club and additional 40,000-square-foot rooftop beach club with pools and pickleball courts. Residents will live inside the unique Life Time healthy way of life experience, with the club and beach club open to both residents and members. The project builds on the benchmark set by The Exchange's flagship WELL-certified tower at 1000 Social, with plans for a 2028 completion.
"Life Time has created an ecosystem that reimagines how people live, work and play, and the continued expansion of Life Time Living is a natural extension of that vision," said Parham Javaheri, Life Time Executive Vice President, President of Real Estate and Chief Property Development Officer. "By bringing residential living and our athletic country clubs together, we're helping transform healthy living from something people make time for into something built into everyday life.
Key Highlights of the Life Time Living project include:
- Life Time Athletic Country Club: An 80,000-square-foot, four-level luxury facility featuring dedicated studios and spaces for barre, cardio, high-intensity training, reformers, strength training, Pilates and yoga, alongside spaces for functional training, recovery, massage, a coworking lounge, and full-service LifeCafe, Kids Academy and more.
- Rooftop Beach Club: A 40,000-square-foot outdoor rooftop space equipped with two pools (leisure pool and six-lane lap pool) and four dedicated pickleball courts.
- Luxury Residences: Vertically integrated residences ranging from 610 to 2,040 square feet with high ceilings, large windows for optimal natural lighting, stainless steel appliances, custom soft-close cabinetry, walk-in closets with soundproofing and blackout shades, work-from-home spaces, private dining room, outdoor resident amenities, a golf and game simulator room, and covered parking with EV charging stations.
- Master Plan Alignment: Life Time Living at The Exchange Raleigh will receive NGBS Green and Fitwel® certifications and complements Phase Two of the overall 40-acre master plan, which upon completion will feature four acres of activated park space (from a total of seven acres of greenspace), up to 990,000 square feet of office space, up to 1,275 residential units, 300 hotel rooms, and 125,000 square feet of retail and dining space.
"The Exchange Raleigh is the result of a long-term, firmly held vision to which our team has been committed for decades," said Todd Saieed, Chief Executive Officer of Dewitt Carolinas: "This milestone isn't just about breaking ground on the next phase; it's the culmination of being persistent and strategic in creating something truly exceptional. By bringing Life Time's incredible athletic country club and luxury living model to our community, we are delivering on our promise to make Midtown Raleigh a destination unlike any other."
Anthony Consigli, Chief Executive Officer of Consigli Construction: "This project reflects what can happen when great partners come together around a shared vision, and from the start, Dewitt Carolinas and Life Time have been aligned in their commitment to creating something that will strengthen and serve the growing
Media & Multimedia Assets:
- Flythrough Video Rendering: Access the official flythrough video rendering of the finished buildout at https://app.air.inc/a/m99b86b98.
- High-Resolution Images & Screen Captures: Download high-res architectural renderings, event photos, and video screen captures:
- Athletic Club - https://app.air.inc/a/b566572b8
- Residential - https://app.air.inc/a/b84956093
- Building Exterior - https://app.air.inc/a/bd24f380a
- Waitlists are open for those interested in learning more about both projects:
- Athletic Club - Life Time Club: https://lifetime.life/raleighnorthhills
- Residential - Life Time Living: https://living-raleigh.lifetime.life
Life Time Living, which debuted in
Life Time debuted in the
For more information about Life Time, visit LifeTime.life, explore the Life Time Newsroom, follow us on LinkedIn, Facebook and Instagram, or download the complimentary Life Time App.
About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its more than 195 athletic country clubs across the
About Dewitt Carolinas
Dewitt Carolinas is a
About The Exchange Raleigh
The Exchange Raleigh is Dewitt Carolinas' 40-acre, billion-dollar project in Midtown Raleigh. Upon completion, the development will feature four acres of green space, up to 990K square feet of office space, up to 1,275 residential units, 300 hotel rooms, and 125K of retail and dining. Infused with local culture and lush greenery, The Exchange is a vibrant community rooted in health, wellness, and intentionally balanced living. Discover more at TheExchangeRaleigh.com.
About Consigli Construction Co., Inc.
Consigli Construction Co., Inc. is a leading construction manager in the Northeast and Mid-Atlantic.
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SOURCE Life Time, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will Life Time Living at The Exchange Raleigh open?
Life Time Living at The Exchange Raleigh is planned to open in 2028. The rental residential tower will be built together with an athletic country club and rooftop beach club, both open to residents and members.