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Depot 499
Apex, North Carolina

About the Development

5-acre parcel of land fully entitled for a 4-building, 295-unit Class A multifamily development located off South Salem Way in Apex, North Carolina. Amenities will be best-in-class, including a clubhouse, pool and courtyard, dog park, on-site retail, and EV charging stations. The clubhouse and courtyard will contain outdoor grilling stations, a café, gaming and co-working spaces, and a fitness center. Furthermore, the property is part of the Depot 499 200-acre master-plan community, which at its completion will consist of 850 for-sale townhomes, 650 luxury apartments (including the Property), 650,000 SF of commercial space, and a newly constructed elementary school.


Joint Venture Partner

East West Partners


Multifamily development

Date of investment

October 2023


295 units