A Texas company has bought the Jensen-Byrd building and plans to transform it to student housing for Spokane’s Riverpoint Campus.
Austin-based Campus Advantage paid $2.85 million to Washington State University, which bought the six-story, 1.5 acre property several years ago. The university tried for a number of years to find a developer for the project, but without success.
Plans for the 35,100-square-foot building complex were not disclosed by Campus Advantage.
The original 1909 building has been modified with an addition and a metal storage shed added in the 1970s. The building, located between Spokane Falls Boulevard and Main Avenue near Pine Street, has been empty for more than 10 years.
WSU plans to use the sale’s proceeds for biomedical education programs in Spokane, said spokesman Doug Nadvornick.
Campus Advantage manages student housing in 21 states.