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First 20-Story Tower at The Weld Expands Raleigh’s Skyline
📌 Driving the news: The first of two 20-story towers at The Weld development has opened its doors, signaling a new chapter for Raleigh’s southern edge and its growing connection to downtown.
📌 Details:
The Holston, a high-rise designed by Gensler Architects, brings 283 rental units, including studios, penthouses, and townhomes, to the intersection of Lake Wheeler Road and Hammell Drive.
It sits directly beside the 308-acre Dorothea Dix Park and just a 15-minute walk from downtown landmarks like Raleigh Union Station.
Amenities include a rooftop lounge with skyline views, a pool, coworking space, gym, and sauna.
Rents range from $1,500 to over $8,700 per month. Developers are currently offering up to three months free rent and waived fees.
Drift Coffee & Kitchen will join the mix in 2026 (check more on that in this week’s “Exciting Opening” section! 😝)
📌 The big picture: The Holston is part of a $700 million investment by Raleigh-based SLI Capital and Mack Real Estate Group to turn 3.5 acres of Fuller Heights into a vibrant mixed-use corridor.
The adjacent tower, called Ray, will add 392 more units and is expected to open by year’s end.
📌 What’s next: Phase two of The Weld will add 575 more units, 30,000 sq. ft. of retail and office space, and stronger links to the growing Dix Park district, but it still needs funding.
Meanwhile, adjacent projects like Rockway Raleigh are already adding more housing and street-level retail to the area.
📌 The bottom line: Raleigh’s growth isn’t slowing down. The Weld connects one of the city’s most treasured green spaces to its downtown core.
This project is helping reshape its southern entrance into a walkable, livable, and locally rooted district just steps from one of the state’s largest urban parks.
$10M Investment Set to Transform Five County Stadium
📌 Driving the news: Wake County has approved a 10-year lease with Capitol Broadcasting Company (CBC), paving the way for a $10 million investment in upgrades to Five County Stadium.
The plan starts in 2026 and includes turning the venue into a year-round hub for sports and community events.
📌 Details:
The lease runs from Jan. 1, 2026, to Dec. 31, 2035.
CBC will take over day-to-day operations and maintenance.
The County and Town of Zebulon are investing $8.26M, plus $1.97M in a Capital Repairs Fund.
CBC will contribute up to $710K and receive a share of naming rights revenue.
Planned upgrades: synthetic turf, new outfield walls, enhanced lighting, locker room overhauls, and family-friendly gathering areas.
Starting in 2026, the stadium will host a Coastal Plain League baseball team and Wake Tech sports, including soccer and softball.
📌 The big picture: The project mirrors CBC’s successful redevelopment of Rocky Mount Mills and the American Tobacco Campus, both of which boosted local business and attracted regional attention.
📌 Between the lines: Officials are aligning this with Zebulon’s rapid growth and increased demand for recreational and entertainment space.
The upgrades could also drive future private investment in surrounding areas.
📌 What’s next: Construction and transition planning will begin ahead of the 2026 start date, with CBC collaborating with local leaders on annual maintenance and event planning.
📌 The bottom line: This deal breathes new life into a longtime local landmark and positions Zebulon for year-round foot traffic, event tourism, and jobs.
By anchoring CBC, a company with a track record of community revitalization, Wake County is betting on steady economic growth for eastern Wake and a better quality of life for residents.
Are you thinking about moving to or relocating to Raleigh, North Carolina and wondering if it's right for you? In this video, I'm telling you all about East vs West Raleigh and figuring out which one is the right choice for you!
Why Rising Foreclosures Could Be Good News for Housing in 2026
📌 Driving the news: Foreclosure auctions surged 31% in Q3 2025 but remain far below pre-pandemic levels.
Rather than a red flag, experts say this points to a healthier, more balanced housing market on the horizon.
📌 Details:
Completed foreclosure auctions climbed to a 10-quarter high but still sit at just 56% of Q1 2020 levels.
Volume rose in 38 states across all loan types, from FHA to VA.
At current pace, 2025 will see about 80,000 completed foreclosure auctions, just 2% of annual retail home sales.
By contrast, 2010 saw 1 million foreclosure auctions, comprising 27% of all home sales.
📌 Why it matters: Rising, yet manageable, foreclosure volume helps reintroduce affordable homes into the market.
For cities and neighborhoods still grappling with high prices and limited supply, this return to normal helps restore access and affordability, especially in communities that have seen housing options shrink post-pandemic.
📌 The big picture: Foreclosure is a necessary function of a stable housing market. It moves distressed properties back into circulation and can help cool overheated price trends.
After years of government-mandated delays and deferrals, the system is finally adjusting back toward efficiency and sustainability.
📌 What’s next: Investor confidence is bouncing back. A Q4 2025 survey from Auction.com shows growing optimism among distressed property buyers, many of whom will renovate and relist homes by early 2026.
This points to more revitalized, ready-to-sell housing stock entering the market next year.
The Raleigh market is holding steady with the median sale price at $420K, up 1.1% year-over-year. Homes are taking around 44 days to sell, rising from about 30 days last year. There were 404 homes sold in the last month, a drop of 4.9% from last year. The sale-to-list ratio is 98%, slightly down. Migration data shows 64% of buyers are staying local while 36% are moving out.
For Buyers: More days on market mean better negotiation power and less competition—especially for move-in-ready homes.
For Sellers: Pricing strategically is key. Well-presented homes still move quickly, but buyers are looking for value and flexibility right now.
I’m a Raleigh-based agent who’s passionate about real estate, local life, and making homeownership feel easy (and fun!). Subscribe and join 2,000+ readers who get the inside scoop every week!
