RXR, the master planner of Veridea, the 1,100-acre mixed-use development in Apex, N.C., has announced that Samet Corporation will manage construction for the project. Samet will provide pre-construction and construction management services for Phase I in 2024. At completion, Phase I will include approximately 500 multifamily units, 1,100 single-family and townhomes and more than 100,000 square feet of retail, restaurant, and commercial space.
Veridea is located two miles south of historic downtown Apex. RXR will begin Phase I of development in early 2024 with new roadways, infrastructure and utilities before work begins on multifamily units toward the end of the year.
At final buildout, the mixed-use development will include up to 8,000 residential units, 3.5 million square feet of retail, hospitality and civic space, 12 million square feet of commercial space, and 340,000 square-foot Wake Technical Community College.
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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Read MoreConnect CRERXR, the master planner of Veridea, the 1,100-acre mixed-use development in Apex, N.C., has announced that Samet Corporation will manage construction for the project. Samet will provide pre-construction and construction management services for Phase I in 2024. At completion, Phase I will include approximately 500 multifamily units, 1,100 single-family and townhomes and more than 100,000 square …
The post Samet Chosen to Manage 1,100 Acre NC Mixed-Use Project appeared first on Connect CRE.