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About Preston

Pursuing the Same
Goal Since the Beginning

The adage goes, “If it’s worth doing, you do it right; otherwise, leave it alone.” — Julian “Bubba” Rawl 

And that’s precisely the philosophy that the Preston Development Company lives by, having a well-earned reputation for planning, producing, and executing only the highest-quality development projects.


There are few words that are synonymous with Preston Development Company: Prestige. Exceptional quality. Success.

Preston Development Company has pursued the same goal since its inception and is one of the premier development teams in the nation. In over three decades, Tim Smith and Julian “Bubba” Rawl have established a solid foundation in Raleigh, Cary, and The Research Triangle Park. They’ve created superb living with first-class communities, upscale residential communities, and commercial developments that have become landmarks in the cities in which they are located.

Lot’s developed

Founders: Julian “Bubba” Rawl and Tim Smith

Preston Development Company has a long history of developing high-quality projects in the Raleigh-Durham area. Our first partnership in the mid-1980s was known simply as The Properties Group. Julian “Bubba” Rawl and Tim Smith developed projects like Ashley Village, McGregor West, and the Ice House, as well as overseeing numerous land deals and projects throughout the Raleigh-Durham area. Commitment to quality and excellence is evident in every aspect of their work.

In 1991 the power duo began work on Preston and Prestonwood Country Club and established the Preston Development Company. Preston Development Company has since become the trademark name for all development projects.

Currently, numerous projects are underway, including; Chatham Park, a 7,000-acre master planned community that is the largest project of its kind in the history of North Carolina and, when completed, will be the home to over 60,000 individuals. Bubba and Tim, as partners, have developed a portfolio that includes more than 15,000 lots in the Triangle area.

The Preston Team

Indicate from left to right

Top: Jake Smith, Robin Rose, Vanessa Jenkins, Tim Smith, Bubba Rawl, Karl Blackley, Julia Rawl, Chuck Smith
Bottom: Debbie Andleton, Glenn Russell, Bill Oestereich, Vickie Almond, McKenzie Allgood, Lauren Ward

Our Passion

The team at Preston Development Company is committed to improving the quality of life for all by investing in the community as a whole. We support the community with Corporate sponsorships and donations; in addition, we volunteer our personal time and funds into the fabric of the community through organizations that are our passion. The Miracle League, Scouts BSA, The Y, Boys and Girls Club, Habitat, and Operation Coming Home are among the groups we identify with and support. Our commitment to being a part of the local community drives our corporate culture to participate in the development of communities and the people who are invested in living there.


“We’re only as good as our last job.”

“Communities are planned and built with families in mind. Our founders, Tim Smith and Julian “Bubba” Rawl, genuinely care about creating beautiful, sustainable communities that stand the test of time.”

Real Estate Developers / Diverse Skill Set


Our team at Preston has trusted relationships with top consultants, developers, surveyors, land planners, and home builders involved in the communities we develop. Top partnerships are held with Sasaki, UDA, WithersRavenel, McKim & Creed, Kimley Horn, Swaback, Blakefield Development, Landeavor Development, to name a few.

Preston has earned an excellent reputation for their high-end residential communities and retail projects, as well as for leasing and managing many centers and freestanding buildings. Above all, Preston is defined by two words: quality and relationships. We share “old school” values in the new world of technology. The bottom line, nobody does it better than the Preston team.


Preston Development Company
105 Weston Estates Way
Cary, NC 27513

© Copyright  All rights reserved Preston Development Company

Hours & Contact

Hours of operation: 
M-Th (8:30-6PM)
F (8:30-2:30PM)

Telephone: (919) 481-3000