Research Triangle Foundation will redevelop nearly 100 acres off Interstate 40 close to N.C. 54 and Davis Drive, where it plans to introduce the first major residential and retail developments in Research Triangle Park's 55-year history. Plans for the development include spaces where entrepreneurs and executives can meet. Planning also includes public spaces that use natural elements. There will be more than 300,000 square feet of food and beverage retail space, two new hotels, corporate sites, co-working space, and two residential blocks. The Research Triangle Foundation is currently raising funds for the project.