Atrium Health says it will spend $2.8 billion on improved facilities involving Wake Forest Baptist Health over the next decade, plus $600 million to accelerate academic efforts including a $150 million academic endowment and a $70 million Academic Enrichment Fund to accelerate academic initiatives. Charlotte-based Atrium said on Oct. 9 that the two not-for-profit authorities had completed a partnership. They had previously disclosed plans for a new care tower at Wake Forest’s main Winston-Salem campus and a downtown eye institute, without citing price tags. The latest announcement didn’t say when construction will start.
Peters Development has purchased five parcels in downtown High Point that it intends to use for a residential and retail project that is still taking shape. The buildings on the current properties are set for demolition, and construction for the project will begin in early summer 2021. The frst units are expected to be available in 2022.