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Escambia County Receives New Offer For OLF-8
November 20, 2023
Escambia County has received a new offer for a portion of the OLF-8 property on Nine Mile Road.
The Letter of Intent (LOI) was received from Beulah Town Center, LLC.
“This invitation to negotiate is with the desire to develop a portion of this unique county asset following the design principles approved by the (Escambia) Board of County Commissioners in the DPZ Master plan for OLF8,” the letter stated. Beulah Town Center Manager Fred Hemmer said the offer was for about 375 acres of mixed use residential, retail, green space, and infrastructure property.
The offer letter includes $20 million for the 375 acres with additional options totaling up to an additional $12 million.
According to a blog post from District 1 Commissioner Jeff Bergosh, the offer follows the spirit of the Master Plan and includes no single-family housing.
Comments
12 Responses to “Escambia County Receives New Offer For OLF-8”
Retail strip mall junk, more apts,
Yet the schools have trailers next to them to accommodate our students….
Is that the same Hemmer that was trying to build the huge subdivision at Mathison RD and Barrieau Park Road area?
Beulah Town center LLC was incorporated 6 days ago, and has listed a MGRM as Thomas Horne, and the Agent address listed is to a Chris and Suzann Painter who according to LinkedIn, own Harbour Financial Services.
Anything Hemmer is associated with is a non-starter for me!
289 BAYSIDE DR
CLEARWATER, FL 33767 UN
Mailing Address
289 BAYSIDE DR
CLEARWATER, FL 33767 UN
Registered Agent Name & Address
PAINTER, SUZANN
1533 INDIANA AVE
PALM HARBOR, FL 34683
Authorized Person(s) Detail
Name & Address
Title MGRM
HORNE, THOMAS C
289 BAYSIDE DR
CLEARWATER, FL 33767
Google search finds:
Beulah Towncenter, LLC is an active Floridian business entity incorporated 14th November 2023. Suzann Painter acts as the agent for this company. Thomas C Horne is the only officer of this company.
https://www.floridareg.com/company/L23000515057/beulah-towncenter-llc
SIX Days ago it was incorporated….??? Timely, eh?
Leave it as green space. Put the brakes on development, it’s ruining all that made this such a nice area.
@ Tax Payer….You know WHO the main player from the Commissioners is it’s Good Ole Boy Jeff Bergosh.
I would like to know WHO owns Beulah Town Center, LLC.
could it be a commissioner or some one they are partnered with???????????????
From an article on Studers website talking abou the manager of the LLC, Fred Hemmer.
“The company’s president, Fred Hemmer, has more than 30 years of professional contacts in the banking industry, and those relationships allow him to “purchase distressed properties from other sources, improve the asset’s condition when necessary to increase value, sell the assets with six to nine months on average,” the website says.”
https://www.studeri.org/blog/new-life-big-piece-downtown-pensacola
Wait, hold on. So you passed up I think it was 45 million for the whole property with DR Horton. To then want to sell to a unknown company that creates a LLC in the name of Belauh Town Center? They are only offering 20 million for 375 acres. I can do the math on that. It is called you failed. Because you commissioner’s went back on a nationwide builder after you initially agreed now no o e wants to deal with Escambia, County. Good job, it is what we expect from failed leadership of this county. If you think this LLC is going to be successful at developing this, you would be way wrong. This will become a total disaster in the making. All because you wanted some stupid town center that will probably be 65% vacant and have to compete with Cordova Mall. Was DR Horton the right call, probably not either but you initially agreed and going back on that sealed the fate of this property. Might as well just sell 50 acres to Costco then leave the rest a field you have to mow every week for 5k..
Roads & Bridges need to be addressed before even
Attempting a new development..It looks good on paper.but that’s all you’ve
Got.Does this mean county employees will be working more .Or just standing around
In the supply houses.