Scott Rechler's RXR Has Big Plans for North Carolina
Scott Rechler has no experience in North Carolina, but that isn't stopping the RXR CEO from betting big on the Tar Heel State. RXR purchased a 1,00...
Scott Rechler has no experience in North Carolina, but that isn't stopping the RXR CEO from betting big on the Tar Heel State. RXR purchased a 1,000-acre, mixed-use development site in Apex, North Carolina, for $91 million from Trinity Apex Investments, Bloomberg reported . In a press release, the developer said the area, between Raleigh and Durham, fits in with its strategy of investing in 'superstar regions.' The New York developer has a $3 billion plan for the land. RXR is partnering with the Lennar Corporation to build 1,100 single-family homes and townhouses on the site as part of the first phase of development.