RXR Acquires B N.C. Mixed-Use Development

Downtown Raleigh. Image by Mark Thomas via pixabay RXR has acquired the Veridea, a mixed-use development in Apex, N.C. The site, which exceeds 1,00...

March 8, 2023
2:18 AM

Downtown Raleigh. Image by Mark Thomas via pixabay RXR has acquired the Veridea, a mixed-use development in Apex, N.C. The site, which exceeds 1,000 acres and is zoned to include multifamily and single-family residences, townhouses and commercial space, was acquired for $91 million. More than 1,000 multifamily units are to be constructed by RXR in the first phase of development. Another 1,100 single-family and townhomes are set to be developed by Lennar . The site's zone permits for up to 8,000 homes total, along with millions of square feet of commercial, retail, hospitality and civic use space.

Jordana Rothberg