Apex, NC Real Estate>>Villages of Apex - Yet another new development in Apex

In a couple of previous blogs I wrote about two new up and coming developments in downtown Apex.  They are:

• 6/18 Trackside in Apex This development could have up to 1,223 residential units, along with up to 80,000 square feet of office space and 140,000 square feet of retail
• 6/ 18 Trinity in Apex The single largest development project ever in Apex with up to 4,000 new homes, 2.2 million square feet of new retail and restaurants, and mixed-used buildings with more than a half-million square feet for office tenants. It's a BIG project.

These developments are being very well received by the community.  That said, the developers are at it again with a new project called the Villages of Apex.  As reported by the News & Observer on August 2nd plans for the Villages of Apex, include 1,300 condos, townhouses and homes, a private elementary school, a 13-acre park, 35 miles of walkways, 220,000 square feet retail shops and 80,000 square feet of office space.  As indicated by Mayor Keith Weatherly this is the last project possible since there are no more remaining tracts of land this size.  Apex First Development LLC plans to invest at least $327 million in the project. And, the Town has indicated that construction could start as early as next MONTH!!   This development will be located close to the new Town Hall.

The recent press by Money Magazine and the explosion in growth is remarkable.  As of June 30th there are 33,217 residents in Apex, a whopping 64% increase in residents since 2000.  Total residents after these large development projects is projected to be 41,636.

For more information visit my blog on Apex Market Conditions and the Town of Apex planning site.