The Winston-Salem State University Foundation has successfully acquired a 42-acre parcel of land for $7.5 million. The move signifies a major advancement in the university’s ongoing commitment to enhance student support and facilitate future growth.
The newly purchased land is located at 2900 Reynolds Park Road. It is set to play a pivotal role in WSSU’s long-term master plan of addressing pressing needs of the university’s current 110-acre main campus. “This acquisition by the Winston-Salem State University Foundation represents a bold step forward,” stated Chancellor Bonita Brown. “The integration of this land into our master plan ensures that WSSU continues to lead in driving progress while planning for sustained growth and success.”
A Purchase To Support Students
The foundation aims to use the new property to address housing insecurity among students. WSSU recognizes that stable living conditions are directly linked to academic success. Chancellor Brown emphasized, “We will thoroughly explore optimal utilization of this property, which may include student housing or other academic space needs. We want to ensure we leverage this property in a way that best serves the long-term needs and growth of the college.”
Marcus Cox, president of the WSSU Foundation, highlighted the alignment of this acquisition with the foundation’s mission to support the university’s growth and diversification of resources. He noted, “We are also pleased to announce that this acquisition increases the university’s land area by one-third.”
The property currently includes 11 occupied residential apartments, and the foundation is respecting existing leases while planning future developments. “The Foundation is dedicated to honoring these existing leases, ensuring the residents feel supported and valued as we thoughtfully develop the master plan for this exciting new chapter,” Cox said.
WSSU noted that the funding used to acquire the land did not impact student scholarship resources.
