5‑acre portfolio of contiguous parcels along the Murchison Road corridor adjacent to campus, transferred from the City of Fayetteville. Vice Chancellor Wesley Fountain explained that the site, located in a high‑visibility urban grid, is positioned for mixed‑use, multi‑family, or campus‑oriented development and that environmental, appraisal, and title due diligence is underway, with some diesel contamination on a former gas station parcel to be mitigated at the university’s expense. While the property transfer still requires approvals from the UNC System President, State Property Office, and the Governor and Council of State, the Board’s action confirms institutional intent to pursue a catalytic redevelopment.No master developer or design team has yet been selected, signaling an early‑stage opportunity for planning, urban design, environmental remediation, financing, and P3 advisory firms to help FSU shape a development vision, financial structure, and implementation plan for the site in coordination with the City of Fayetteville.

Environmental assessment identified diesel impact on one of 32 parcels; remediation will be the university’s responsibility, and trustees suggested briefing the UNC Board of Governors with a summary of environmental details.