157
501
HILLSBOROUGH
REGIONAL SETTING Part of North Carolina’s Research Triangle, Wake Forest is located on the periphery of one of the fastest-growing research and development hubs in the United States. The community is connected to the surrounding region by the major routes US 1, NC Hwy 98, I-540, and US 401, with access to destinations across the world via the Raleigh-Durham International (RDU) Airport located just 17 miles away. According to the Wake County Planning, Development, and Inspections Department, Wake County has grown by 80% over the past 20 years, with a net average increase of 62 residents per day. The County is projected to gain another 250,000 residents over the next decade with a need for an additional 125,000 to 175,000 new housing units over the next 10 to 15 years. As Wake Forest is among the top 10 fastest growing municipalities in North Carolina, it presents considerable potential for future expansion and development.
86
DUKE UNIVERSITY
501
DURHAM
CHAPEL HILL
147
54
40
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
RESEARCH TRIANGLE PARK
751
540
64
APEX
RESEARCH TRIANGLE The Research Triangle is the Raleigh-Durham-Chapel Hill metro area in North Carolina that is anchored by three major research universities: Duke University, University of North Carolina at Chapel Hill, and North Carolina State University. It includes Research Triangle Park (RTP), the largest research park in the country at 7,000 acres, which contains hundreds of companies including science and technology firms, government agencies, academic institutions, start ups, and non-profits. RTP has stimulated major growth in high-tech and research industries, drawing significant employment and business opportunities to the region.
1
RALEIGH-DURHAM-CARY COMBINED STATISTICAL AREA
4
COMMUNITY PLAN | TOWN OF WAKE FOREST
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