2 Locations

Foundry Commercial, a North Carolina Broker, Has Been Retained as The Exclusive Agent for The Owner of Axis at 55 (the "property"), a ±53.83-Acre Multifamily and Mixed-Use Development Opportunity Within the Apex Etj, Nc. Positioned Along Nc-55 (54,000 Vpd) and Just One Minute from 1-540/raleigh's Outer Beltline, This Site Offers Exceptional Visibility on A Booming High-Traffic Corridor and Strong Connectivity to The Greater Triangle Region. Axis at 55 Maintains a Mix of Zoning Designations Including Residential Rural (±10.18 Acres), Residential Agricultural (±21.57 Acres), and Planned Unit Development (pud) - Conditional Zoning (cz) (±22.08 Acres), with A Future Lane Use (flu) Designation of Medium/high and High Density Residential (±21.75 Acres) and Mixed Use (±32.08 Acres). the Flu Designations Allow for Primary Uses Such as Single-Family Attached, and Multifamily Housing, with A Maximum Density Ranging from 14 to 20 Units per Acre. the Site Also Features ±715 Feet of High Visibility Frontage Along NC 55 with Traffic Counts of 54,000 VPD. Each Parcel Touching Nc-55 Will Feature One Access Point for A Total of Three Access Points onto Nc-55.

Based on The Town of Apex Transportation Plan, Axis at 55 Will Require Installation of Two Minor Collector Roads and Two Major Collector Roads. in Addition, Based upon A Traffic Impact Analysis Conducted for The Northernmost Parcel, the Town of Apex and Ncdot Have Requested Various Roadway Improvements Including Widening of Nc-55.

Across Nc-55 from The Property, the Veridea Master-Planned Community Recently Broke Ground on Phase 1. This $3 B Project Will Transform This Corridor Into a Vibrant, Mixed-Use Area and Include 1,500 Multifamily Units, 1,100 Single-Family Lots, 340,000 Sf Wake Tech Campus, and Over 700,000 Sf of Retail, Commercial, and Industrial Space. in Addition, Veridea Has Been Chosen as The Future Location of Nc Children's, a 500-Bed Children's Hospital Led by Both Unc Chapel Hill and Duke University. as This Employment and Amenity Base Expands, so Does the Need for Housing. the Local Multifamily Market Is Already Demonstrating Robust Performance, with Average Rents at $ 1,818 per Unit per Month ($1.83 Psf), Driven Largely by Vintage Product (2017 to 2020). Axis at 55 Presents a Timely and Compelling Opportunity to Deliver New Residential Optionality in A Supply-Constrained and Rapidly Growing Corridor.