Utah Real Estate Challenge 2024
2024 UREC Kick Off Video
Overview
The Utah Real Estate Challenge (UREC) is an intercollegiate real estate development competition for undergraduate and graduate students throughout the State of Utah. The competition fosters an understanding of real estate development by giving students the opportunity to prepare and present a development proposal to a panel of expert judges. A grand prize of $20,000 will be awarded to the team with the most promising and economically viable real estate development plan. A second-place prize of $10,000, and a third-place prize of $5,000 will also be awarded. The competition is made possible by the generous support of the Ivory-Boyer Real Estate Center Board, sponsors, mentors, judges, and faculty from participating schools.
Interested in participating or sponsoring the event? Please reach out to Alicia Brooks at alicia.brooks@eccles.utah.edu.
Resources
2024 Competition Details
Awards
Competition Timeline
Team Registration Opens Friday, Jan. 19, 2024, 8 a.m. |
Team Registration Deadline Wednesday, Feb. 7, 2024, 11:59 p.m. |
5-page Development Proposal Submission Deadline Friday, Feb. 23, 2024, 5 p.m. |
First Round Judges Presentations Thursday, Feb. 29, 2024 at 8:30 a.m. |
25-page Development Business Plan Submission deadline Tuesday, April 2, 2024, Noon |
Finalist Presentation and Awards Luncheon Thursday, April 11, 2024, at 11 a.m. |
2021 UREC Winners Video
2022 UREC Site Visit Video
2023 UREC Winners
First Place Winner
LOC: “The Place”
“The Place is an innovative and sustainable Student Housing Project on the of the University of Utah. It will be the anchor in realizing the vision of the U to create an on-campus community and will provide amenities for all.”
Team Members: Russell Dilworth, Nathan Frame, Porter Openshaw, Annika Tingey, and RaeLee Yancy
Second Place Winner
BCR Development: “The Summit”
“The Summit will be a mixed-use development located in West Point, Utah at the future intersection of US-193 and the West Davis Corridor extension. This project capitalizes on the northward growth from Salt Lake City in Davis County by establishing the foundation for a vibrant new city center. The site provides an attractive opportunity for developers and investors while creating value for a rapidly growing city.”
Team Members: Chase Dorius, Catherine Frost, Braxton Hackman, Braya Robbins and Ryan Ward
Third Place Winner
Cirque Studios: “Nexus”
Redefining mid-town Salt Lake City through a unique mixed-use adaptive re-use project in the heart of one of the fastest growing creative districts is The Montrose & Kilter Block. Through innovation, rooted character, and sustainability, this proposal aims to connect the gritty industrial feel of the Granary District with its sustainable, community-rich future. At a pivotal location, The Montrose is the highest and best use, serving this dynamic community by infusing rooftop amenity spaces and sustainability practices atop local roots.
Team Members: Lucas Chimento, Jack Gordon, Addison Martin and Alaina Prasek
Fourth Place Winner
Altior: “Athena”
“Big problems require big solutions. Athena is a transit-oriented residential project features a mix of first floor retail, student housing and multi family with an emphasis on safety and residential life in the heart of downtown. Athena is a unique housing model in Salt Lake City that allows for flexible floor pods that actively reflect the fluctuations in housing demand.”
Team Members: Casey Bowen, Samira Marjaei, Courtney Nielsen, and Valarie Williams
UREC 2022 Winners
First Place Winner
Pioneer Dev Team Members: