Progress Energy’s leadership wanted to consolidate outlying departments and subsidiaries into a new headquarters facility that would support the revitalization of downtown Raleigh. Progress Energy decided that the project should also include retail and residential components to provide a vertically integrated mixed-use development. Carter was selected as development manager in a competitive process. Carter’s Capital Advisory Services group evaluated existing lease expirations and current market conditions to provide Progress Energy with the best means of financing the project. Carter then proceeded to manage the design and construction process. A successful project for all, the new headquarters facility was completed on time and within budget and is a source of pride for downtown Raleigh.