RXR, the master planner of Veridea, a sprawling 1,100-acre mixed-use development in Apex, North Carolina has announced that construction management services for Phase I will be provided by Samet Corporation. With completion expected in 2024, Phase I will feature over 500 multifamily units and more than 1 million square feet of retail and commercial space.
Located just two miles from historic downtown Apex, Veridea is set to become a bustling hub for residents and businesses alike. RXR plans to kick off development with new roadways and infrastructure before beginning work on the first phase’s multifamily units later in the year.
Upon final buildout of this expansive project, Veridea will boast up to 8 thousand residential units along with millions of square feet dedicated to retail shops,hospitality venues,and civic spaces. Additionally,the community is set to include over twelve million square feet designated for commercial use as well as Wake Technical Community College’s newest campus spanning an impressive three hundred forty thousand square-feet.
The announcement comes after RXR carefully considered their options before selecting Samet Corporation as their trusted partner for managing this ambitious undertaking.
