OLDE CITY DEVELOPERS
OUR PAST,
PRESENT & FUTURE PROJECTS
A 28-unit luxury townhouse development located in North Hill at the corner of Cervantes and Baylen Streets. Now selling final phase. Building A, consisting of five units, is complete and sold. Building F, consisting of three units, is complete and sold. Construction on Building B, containing four units, has an estimated completion and closing in December 2022. Building G, consisting of three units. Construction completion is estimated to be April 2023. It is anticipated that the amenity area will be completed in April of 2023. The remaining 16 units, clustered in three buildings, will be constructed and closed in 2023. The residences are priced from $544,600 to $750,000. Construction financing is provided by Cadence Bank.
Residences at Romana
Consists of 13 single-family residences located on Romana St. between D and E Streets. The units have a garage and a garage apartment (ADU). The ADU allows the owners to use it as an AIR BNB to generate additional revenue. Five units completed and sold. Eight units sold and closing November 2022. Only one house with ADU left for sale on South D Street. Financing provided by Trustmark Bank.
G Street Cottage Collection
The Cottage Collection is a series of urban infill projects in downtown Pensacola that started along the Government Street and Intendencia Steet corridors in 2015. Isolated vacant lots and derelict houses were purchased, and 35 new shotgun-style houses have been built and sold. One home left for sale. Financing provided by ServisFirst Bank.
Mills Lake Estates
A residential subdivision consisting of 48 single family lots located on Beulah Road 1/2-mile North of Nine Mile Road. The community is gated, and the lots surround three manmade lakes. All 48 lots are under contract with DR Horton. Closing expected November 2022. Financing is provided by Trustmark Bank.
Water Street
PRE-SELLING NOW! One and a half acres with one hundred seventy feet of waterfront on Bayou Chico closed and is presently in engineering for five duplex lots and a boat dock with a kayak and canoe launch. Engineering is expected to be complete by April 30, 2022. Financing provided by SmartBank.
Highway 87, Santa Rosa County
Seven-acre parcel on Highway 87, one mile south of 1-10. Rezoning approved for 32 townhomes or 69 apartments.
John Hamm Road, Santa Rosa County
Anticipate subdividing into approximately 73 quarter-acre. The project is currently in engineering, with development anticipated to start in May 2023. Acquisition financing provided by Trustmark Bank.
ChurchHill Circle, City of Milton
Four acres under contract. Water and sewer availability is confirmed. Currently being engineered to subdivide into 32 townhome lots. Road and infrastructure anticipated to start May 2022. The property is adjacent to Monticello Estates, in the city limits of Milton, a subdivision by D.R. Horton. Acquisition financing provided by Trustmark Bank.
Hernando Oaks, Brooksville
Hernando Oaks is located in Brooksville’s well known and established golf course community.
101 BAYSHORE
