Preston Development Company
11–50 employees 4 principals
Last updated by Kathlene
About Preston Development Company
Preston Development Company is a real estate operator. Preston Development Company operates in Raleigh-Durham, North Carolina (Research Triangle Park - RTP) and Wilmington, North Carolina. Its investment focus is on Marinas, Single-Family Homes and Standalone Retail.
Preston Development Company was founded in 1991 by Tim Smith and Julian “Bubba” Rawl. The business has been operating for over 30 years in the Raleigh-Durham / Research Triangle region of North Carolina. It has developed more than 15,000 lots in the Triangle area. Its residential portfolio includes over 20,000 homes built in projects ranging from single-family homes to townhomes and build-on-your-own lot opportunities. On the commercial side, Preston handles mixed-use, retail, and office developments. Its commercial retail portfolio includes centers such as Southport Marina, The Arboretum at Weston, Preston Walk, Preston Corners, and Penguin Place. One of its largest ongoing projects is the Chatham Park master planned community, expected to feature over 22,000 homes and 22 million square feet of retail and office space when complete.
Principals at Preston Development Company
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