RXR will break ground soon on a $3 billion mixed-use development, Veridea, in Apex, North Carolina. Site and infrastructure work is expected to begin this fall, with plans to go vertical with the first buildings in early 2025. When complete, the new Veridea development will have 8,000 residential units, 35 million square feet of retail, hospitality, and civic space, 12 million square feet of commercial space that includes life sciences and industrial, and public open space and walking trails.
