Wake Forest University purchases Deacon Place

Reflecting its commitment to the residential student experience, Wake Forest University has purchased Deacon Place, a housing complex adjacent to the northeast edge of campus.

Located on the corner of Long Drive and University Parkway, the development is about 300 yards from the University’s Polo Road entrance. Acquiring Deacon Place will provide expanded options for student housing, while fostering a vibrant living and learning community.

“Within easy walking distance of campus, Deacon Place will help Wake Forest meet the demand for more on-campus student housing,” said McGalliard. “We are dedicated to offering the highest-quality residential experience and are pleased to add more apartment-style housing that is both convenient and designed with students in mind.”

Wake Forest purchased the 146,448 square-foot property on the 11-acre site from Deacon Place LLC. Deacon Place was built in 2017.

The housing complex can accommodate 328 students in 10 buildings with both one-level and townhome-style units. Each unit includes bedrooms with private bathrooms, a living room and a kitchen. Units range from 1,500 to 1,800 square feet and are fully furnished. Deacon Place also has a clubhouse with a study room and fitness center, as well as open outdoor spaces. Current leases will be honored and current residents will continue to live at Deacon Place for the duration of their leases.

Deacon Place is adjacent to University-owned parking lots. The complex is already on the University’s shuttle route.

Donna McGalliard

Approximately 80 percent of undergraduate students live on campus. To meet the need for on-campus student housing for students, the University has taken a multi-pronged approach: renovating existing residence halls, building new residence halls, and now purchasing a housing complex adjacent to campus.

“Wake Forest has carefully balanced quality and cost in order to provide students with excellent housing options that enhance the academic environment,” said Hof Milam, executive vice president for Wake Forest.

The most recent campus housing designated specifically for upperclassmen – Magnolia and Dogwood residence halls – opened in 2013. A phased renovation plan for the six original residence halls surrounding Hearn Plaza began in 2015 and will be completed by the end of the year. Maya Angelou Hall, which opened in 2017, is the newest residence hall built for first-year students.