The last few years may have had some economic challenges nationally, but the Triangle remains one of the fastest-growing regions in the country (and North Carolina one of the fastest-growing states). Here are five locations around that Triangle that will look significantly different, thanks to that growth, by the end of 2026.
On a Triangle-shaped site two miles south of downtown Apex, nearly 140 acres of woodland have been cleared, making way for the first phase of the $3 billion “mini city” known as Veridea.
It’s been 16 years in the works.
First envisioned by a different developer in 2009, it stalled due to litigation and delays. Then, in 2023, New York-based RXR purchased the first parcels of roughly 1,100 acres between U.S. 1 and N.C. 540 and revived the project — part of its push into what it calls “superstar regions.”
Site preparation began last fall. The first signs of active development are now visible along N.C. 55 and Veridea Parkway. Tons of excavated dirt are piled high into a massive earthy-red mound nicknamed “Mount Veridea.” On any given day, 100 workers can be seen grading and paving roads to go vertical with the first buildings in 2026.
“This is a big step forward in helping Apex grow,” said Joe Graziose, RXR’s executive vice president of development.
“It sat for over decade and a half, and no one did anything with it,” he added. “We’ve only been at this for three years and done so much already.”
So far, RXR has invested $166 million in infrastructure to create traffic and clean water and installed 1.88 miles of sewage piping. It also broke ground on Veridea’s first multifamily residences at Summit House, which will have 291 units at completion.
RXR has not yet disclosed prices.
Also in the pipeline: a 34-acre Wake Technical Community College campus and a 230-acre North Carolina Children’s Hospital, which was announced last July, creating 8,000 jobs.
By 2035, Veridea is expected to bring 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 a new public elementary school. Other amenities include trails, dog parks and bicycle paths.
For many long-time locals, including Apex Mayor Jacques K. Gilbert, it signals a turning point, propelling this one-time whistle-stop town into a new era of growth.
“Growing up here as a young man, I never thought I would see something to this magnitude,” Gilbert told The N&O. “It will be transformative.”
Apex is already on the map nationally, he said. “But this will illuminate us even more.”
Apex’s surging growth
As Apex’s population swells to over 82,000, demand for housing remains at an all-time high. The town estimates that by 2030, more than 100,000 people could be living in the Wake County town.
Town officials and developers are rushing to keep pace.
Over 40 projects are under construction, adding more than 5,000 residential units and 4 million square feet of retail space, according to Apex’s new development report.
Among them: Retreat at Friendship, a 520-unit single-family subdivision starting from $661,000, and Park at Bradley Farm, a 37-unit townhome community starting from $474,990.
Another dozen projects are in the pipeline.