In just a year or two, downtown Pensacola will have a new look, thanks in large part to a building boom that includes a $50 million, 260-unit apartment and retail building planned for the former Pensacola News Journal site.
The site at the corner of Jefferson and Romana streets is being developed by Studer Properties and should be ready for occupancy by late 2016. Quint and Rishy Studer purchased the site for $3.4 million in 2013.
The apartments will increase housing density, add retail businesses and fuel growth that is making Pensacola’s city center thrive as a livable, walkable downtown, which will improve the quality of life in the community.