02/14/2026
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Wells Board Accepts Purchase Offer From Hiawatha Institute
By Owen Saville
After 156 years, Wells College closed on June 30, 2024. Since that time, the campus has sat vacant.
According to an article on Syracuse.com, the Wells College Board of Trustees blamed the closure on financial struggles, low enrollment, and rising costs, which led to the shutdown of the school.
After putting the campus up for sale and contracting with a real estate firm to manage the sale process, information about the sale process and fate of the campus has been scarce.
However, that vacancy is soon to come to an end. As of the week of January 10, 2026, The Wells College Board of Trustees announced that they have accepted an offer of $12.5 million from the Hiawatha Institute for Indigenous Knowledge to purchase the defunct college’s campus.
The Hiawatha Institute for Indigenous Knowledge is a nonprofit that focuses on indigenous education. According to the article from Syracuse.com the area’s vast history led to the Institute’s acquisition.
According to the Hiawatha Institute website, the college will be focused on Indigenous studies, and also plans to open parts of the campus up for apartments and businesses to lease out space.
The group is planning to work in a two-phase red development. Phase I, which is referred to as “Peachtown” will focus on converting three former dormitories into 80-100 apartments, which are planned to have below average rent costs. Phase II will focus more on building the college itself, getting students, and hiring staff - which will live on campus, similar to the students. Along with that, they will be allowing the elementary/middle school that sits on campus to stay open and active.
Finalizing the purchase requires clearing a number of legal hurdles, including approval of the New York State Attorney General.