As development advances at the 1,100-acre mixed-use Veridea project in Apex, North Carolina, RXR is working in close partnership with the Town of Apex and regional stakeholders to deliver key infrastructure improvements supporting the project’s long-term growth. Upgrades along NC 55 are underway and expected to be completed ahead of first occupancy, reflecting coordinated public-private efforts to align surrounding infrastructure with the scale of the development. RXR also marked the groundbreaking of new industrial space within the master-planned community, which will include more than 1,000 planned homes, retail, and a children’s hospital, with over 200,000 square feet of industrial space now underway across multiple phases of development.
“You can only imagine the sort of support services that’re going to be required, and we’re one red light away. Getting this out of the ground sooner and up is obviously very important to us,” said Joe Graziose, Executive Vice President of Residential Construction and Development at RXR. “We’re getting a lot of inbound, a lot of inquiries from people. With all that’s going on in this region, and the fact that we have this ramp right off of 540, it becomes a great opportunity. This has been going on now for over a year and a half; we’ve got active construction on all of our sites,” Graziose added.
