New housing and retail complex planned on US Hwy 64 near Beaver Creek Commons
The bustling U.S. 64 corridor in Apex will feature a new mixed-use development in coming years, just west of the highway’s junction with I-540.
Ohio-based Goldberg Companies Inc. spent $7.075 million earlier this month to secure 66 acres at 3609 U.S. 64 West where the company plans to build more than 350 apartments, about 75 single-family homes and 27,000 square feet of retail space.
The yet unnamed neighborhood will be GCI’s sixth project in the Triangle following developments in Wake Forest, Cary and Raleigh. The project will add new retail offerings to the area’s robust shopping scene, which includes the popular Beaver Creek Commons.
“We’ve got approvals for everything from grocery to kennel to bookstores to convenience to dry cleaners, and I think a hotel as well,” Ian Stuart, vice president of acquisitions at GCI, told the News & Observer. “Ultimately, I think we’d like services that people can walk to from their multifamily community.”
Planning for the neighborhood is still in its early stages, with site work unlikely to begin until 2023. It’s premature to speculate what shops and dining options GCI might pursue, Stuart said, but the company would like to include a neighborhood grocer.
“It would be tough for a larger grocery store to go into that space,” Stuart said. “But if there’s a neighborhood retail option that provides some of the same items, that would be ideal. But we’d want to make sure that it’s more than just a convenience store.”
GCI has not released pricing details for the neighborhood’s single family homes and apartments, but Stuart anticipates competing with higher-end Triangle offerings.
“It’s hard to foresee where we’re going to be a couple years into the future,” he said. “But it’ll obviously be consistent with everything else that we build, not only in the Triangle, but in other markets. It’s Class A all the way — representative of the type of housing that I think people want to see when they live in Apex.”
