8 prominent Triangle developments set to be finished in 2025
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The twin residential towers of The Weld under construction next to Dix Park in Raleigh. Photo: Zachery Eanes/Axios
It feels like every corner of the Triangle has a significant amount of construction ongoing, as the region continues to pull in thousands of new residents and jobs and becomes a magnet for investors worldwide.
Why it matters: The result of that construction will have a huge influence on the region's cities and where that growth is clustered in the coming years.
Below are seven developments we're watching for ribbon cuttings in 2025.
Editor's note: This is not an all-encompassing list. It includes some of the most prominent developments underway and delivering soon, at least in part.
Rockway and The Weld
When the City of Raleigh acquired the land that would become Dix Park and promised to invest heavily in its amenities, developers responded by also investing in the land around the park.
Why it matters: Rockway, an apartment project from Kane Realty, and The Weld, another apartment project underway by SLI Capital, are the first two major projects to be built near the park, bringing hundreds of new housing units to its edges.
Zoom in: Rockway, expected to be completed this spring, will add more than 300 apartments at the entrance of Dix Park and on the Rocky Branch Greenway.
- It will also be home to a second location for the acclaimed Benchwarmers Bagels.
The Weld, which will also be completed this year, will bring two 20-story towers next to the park and add more than 600 apartments there as well as space for retailers and restaurants.
Address: 925 S. Saunders St., Raleigh
North Hills Innovation District
When the first phase of the North Hills Innovation District opens this year, it will once again cement Kane Realty's North Hills as one of the premier destinations in the entire Triangle.
Zoom in: The first phase of the district, Kane's attempt at making a campus both attractive to tech companies and residents, will add a new office tower, apartments and several new restaurants and shops.
- The 17-story office tower signed its first lease in the fall when the clinical research company Parexel decided to move its offices from Durham to Raleigh.
- Several other tenants are expected to open in the district this year, including Standard Beer + Food and the all-day cafe Good Graces.
Address: 541 Church at North Hills St., Raleigh
Horseshoe at HUB RTP
When it opens in the coming months, White Point's Horseshoe development at HUB RTP will bring some of the first restaurants and retail to the heart of Research Triangle Park.
Zoom in: The 160,000-square-foot Horseshoe, which will also include office space, is one phase of the Research Triangle Foundation's ambitious HUB RTP effort to create an urban center inside the research park.
- Already, some of the Triangle's most notable chefs are planning to open spaces inside of the Horseshoe this year, with chef Preeti Waas planning to debut an Indian restaurant there and the owners of the popular Prime Barbecue opening their second location there.
Address: 3151 Elion Dr., Research Triangle Park
Holly Springs biotech expansions
Holly Spring's emergence as a biotech destination will take another step this year when construction wraps up on new facilities from Amgen and Fujifilm Diosynth.
Why it matters: By the end of the decade, the two companies are expected to create more than 1,000 new jobs in the southern Wake County town and invest billions of dollars there.
- The first phases of work for both these companies are expected to become operational this year, while expansions continue to be built through the end of the decade.
Wolfspeed
Despite some financial struggles, which have caused the company's CEO to be ousted and its stock price to decline, Durham-based semiconductor maker Wolfspeed is expected to open its new materials plant in Chatham County later this year.
Why it matters: At its peak, the plant, which will make the crystals used in its silicon carbide chips, could employ up to 1,800 people and land nearly $800 million in state incentives if it reaches hiring goals.
Zoom in: A spokesperson for Wolfspeed said it is on track to receive its full certificate of occupancy in May and that the facility already has 344 active employees.
- Currently, the company is testing its systems and installing equipment needed to begin production at the facility.
The Novus
The biggest addition to Durham's skyline, the 27-story Novus tower, will be completed this year, potentially bringing hundreds of new residents to the heart of downtown.
Why it matters: The building, which will tie One City Center as Durham's tallest, will add 188 apartments and 54 condos to the site of the former South Bank building in Five Points.
- Both the Novus and One City Center were built by North Carolina-based Austin Lawrence Partners.
Zoom in: So far two tenants have signed leases at the Novus tower, including the indoor cycling studio Revel and the fitness studio Solidcore.
Address: 400 W. Main St., Durham
New DHHS headquarters
The new 10-story headquarters for the N.C. Department of Health and Human Services is expected to open on Blue Ridge Road in Raleigh later this year.
Why it matters: Once completed, it will allow the state agency to move 2,500 employees to the fast-growing Blue Ridge Road corridor and away from Dix Park, allowing the city to undertake more development at the park.
What's under construction this year
Several high-profile projects are also expected to begin construction this year or are already under construction but won't be completed, including:
Highline Glenwood tower — Once completed, Turnbridge Equities' project over top of the Creamery building in Glenwood South will be Raleigh's tallest tower at 37 stories.
- Construction is expected to begin this winter.
Raleigh Municipal Building — Already well underway, the City of Raleigh's new 17-story municipal tower could welcome city workers next to Nash Square in 2026.
Union West — Located next to Raleigh Union Station, the bus station portion of the Union West tower is expected to be completed this summer, giving GoTriangle a new hub for its buses in downtown Raleigh.
- The 400 apartments that are being built by Hoffman & Associates over the bus station are expected to be completed in 2026.
Heritage Square — After the developer Sterling Bay's first plans for a large biotech campus in downtown Durham were scrapped due to site issues, the Chicago developer now says it expects to break ground later this year on the $1 billion development.
Veridea in Apex — It took more than a decade, but Veridea, the massive $3 billion mixed-use development in Apex, finally broke ground last year. The first phase will include nearly 3,000 apartments and single-family homes as well as 200,000 square feet of retail and a Wake Tech campus.
Swing Racquet + Paddle — Construction began last year on Swing Racquet + Paddle, which could become one of the largest racquet sports facilities in the world when it opens in 2026.
- The 44-acre facility in Raleigh's Brier Creek area includes 28 tennis courts, 25 pickleball courts, 15 padel courts and much more.
Editor's note: This story has been corrected to show that Austin Lawrence Partners is based in North Carolina (not Colorado).