Brigham Young University’s Amanda Knight Hall Sold to Mountain Classic Real Estate
Salt Lake City—Brigham Young University’s Amanda Knight Hall has been sold to Mountain Classic Real Estate, Inc. (MCRE), an investment group known for high-quality restoration of historic commercial and multifamily properties. MCRE plans to restore Amanda Knight Hall to its historical gothic-style architectural significance. Kreg Peterson and David Bauman of CBRE represented Brigham Young University in the sale of the iconic building.
Located at 800 N. University Avenue in Provo, Amanda Knight Hall was constructed in 1939 as a women’s dormitory and is named after Amanda Knight, the wife of Jesse Knight. The Hall was used as the first Provo Missionary Training Center and later was the location for the Church Language Training Mission (MTC) from 1964 to 1976. Since then, it has served a variety of short-term academic and auxiliary purposes for the University, such as Independent Study, the English Language Center and other functions of the MTC.
Some of MCRE’s previous notable projects include the restoration of the Historic Clift and Felt buildings in downtown Salt Lake City, and the restoration of the Park Manor Apartments, located on the downtown periphery. Plans for future use of Amanda Knight Hall are currently under development.
“We believe this is one of the most iconic historic residential properties near campus and are grateful to BYU for their vision in recognizing the significance of this building in our historical cultural journal”, said David Phipps, CEO of MCRE. “MCRE focuses on high design developments in the Intermountain West, and our position as the largest renovator of historic buildings in the state stems from the incredible architecture, construction, and design that was put into these properties in the early and mid-1900’s. We are just very grateful to be able to be involved in bringing the soul back into many of these incredible buildings.”
About MCRE, Inc.
An investment group known for high-quality restoration of historic commercial and multifamily properties. Notable projects include the restoration of the Historic Clift and Felt buildings in downtown Salt Lake City, and the restoration of the Park Manor Apartments, located on the downtown periphery.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.