RXR Launches 1,100 Acre Apex Mixed-Use Community

RXR has broken ground on its first project within the 1,100-acre Veridea mixed-use community in Apex. Phase I of Veridea will include approximately 1,500 multifamily units, 1,100 single-family homes and townhomes built by Lennar Homebuilders, 150,000 square feet of retail, restaurants, and commercial space, 213,000 square feet of industrial space, and a new 340,000-square-foot campus for Wake Tech Community College. 

The community is expected to bring more than 2,300 annual jobs to Apex over the next decade of development.  Samet Corporation began construction of Phase I of the $3 billion project, with major clearing, site work and infrastructure work.  

Veridea is located two miles south of historic downtown Apex. Upon completion, the mixed-use development is envisioned to include up to 8,000 residential units, up to 3.5 million square feet of retail, hospitality, and civic space, up to 12 million square feet of commercial space, a new Wake County Public School System elementary school and the newest campus for Wake Technical Community College.