Zachery Eanes

1 week ago | axios.com | Zachery Eanes

A rendering of a redevelopment planned for The Depot in Raleigh's Warehouse District. Photo: Courtesy of Loden PropertiesRaleigh's historic Depot property, currently home to Videri Chocolate Factory, would add a boutique hotel, office space and more retailers under plans unveiled by one of the city's most prolific development firms. Why it matters: The Warehouse District is becoming one of the city's most densely built neighborhoods.

1 week ago | axios.com | Lucille Sherman |Zachery Eanes

Photo: Nicholas Faulkner/Icon Sportswire via Getty ImagesTeamworks, a Durham-based startup making software for professional and college sports teams, is now valued at $1 billion after raising new money from investors. Why it matters: The valuation would put Teamworks into the Triangle's small club of unicorn startups (startups with valuations of $1 billion or more) and comes at a time when funding rounds have been less plentiful than in recent years.

1 week ago | axios.com | Zachery Eanes

The interior of The Common Market in Durham. Photo: Courtesy of The Common MarketThe Common Market will open its second Triangle location early next year in Raleigh's Seaboard Station. Why it matters: The Common Market, a deli/bottle shop known for its quirky spaces, has been a Charlotte institution since 2002 and expanded to Durham in 2023. But its owner Graham Worth, a Raleigh native, has always had his sights on expanding to the capital city.

1 week ago | axios.com | Zachery Eanes |Lucille Sherman

Students on campus at N.C. State University. Photo: Logan Cyrus/Bloomberg via Getty ImagesUNC System President Peter Hans has called for the state's 16 public universities to cap their hiring and spending. Why it matters: The spending cap, which Hans described last week to campus leaders in a memo obtained by Axios, comes as higher education faces funding uncertainties at both the federal and state levels.

1 week ago | axios.com | Zachery Eanes |Lucille Sherman

Steam rises from the cooling tower of Shearon Harris nuclear plant in New Hill, N.C.. Photo: Jim R. Bounds/Bloomberg via Getty ImagesA major energy bill being debated by the Republican-led General Assembly could soon make its way to the desk of North Carolina Gov. Josh Stein. Why it matters: Senate Bill 266, if passed, would eliminate an interim goal that mandates Duke Energy reach a 70% reduction in carbon emissions by 2030, while keeping in place a longer-term goal of being carbon neutral in 2050.