RXR completed a nearly $90 million land sale in Apex, North Carolina, transferring over 200 acres within its Veridea development to NC Children’s for the state’s first freestanding children’s hospital, a joint venture between UNC and Duke health systems. The new facility will feature a 500-bed children’s hospital, a children’s outpatient care center, a 70-bed behavioral health hospital, and a research and education enterprise backed by the UNC and Duke Schools of Medicine. Once complete, the campus will bring approximately 8,000 jobs for Apex and Wake County.
A more than 1,100-acre mixed-use development, Veridea will also include thousands of homes, new retail, dining, office space, and a new Wake Tech Community College campus, in addition to NC Children’s.
“We’re proud to partner with NC Children’s Hospital to build a new children’s hospital, along with research and education facilities backed by the UNC and Duke Schools of Medicine. This investment will bring thousands of new jobs to Apex and Wake County. Alongside Wake Tech, our residential development, and the broader business ecosystem, we are creating a dynamic, mixed-use environment that attracts talent, drives innovation, and supports sustained economic growth. This partnership accelerates Veridea’s evolution into a fully integrated community that delivers for residents, employers, students, families, and the broader community,” said Scott Rechler, Chairman and CEO of RXR.
