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Locals Make New $22.5 Million Offer For OLF-8 Property
April 22, 2024
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 a law firm on behalf of local potential buyers Cliff Mowe, land developer and Ryan Chavers, owner of a construction company.
They are offering $22.5 million for 290 acres with cash due at closing following an initial deposit of $250,000.
The offer include a six month inspection period with closing to following in two months.
Mowe and Chavers’s offer states they will work with the county to develop a modified version of the current master plan. The modified master plan will include a main boulevard, , green space, retail, office, recreation areas and a mix of multi-family residential. Detached single-family homes will not be a part of the Modified Master Plan.
“Buyers and Seller agree to cooperate with one another on developing and obtaining approval for the Modified Master Plan, creating a project the Beulah community can be proud of, with the goal of accomplishing approval during the Inspection Period,” the offer states.”
The buyser are also promising to try to involve local firms in all development aspects of the property.
Escambia County was recently in exclusive negations with Beulah Town Center, LLC on acreage but did not come to terms and proceeds.
The Escambia County Commission will discuss the new offer on Monday.
Pictured: A portion of the original DPZ Master Plan that was approved in July 2021. NorthEscambia.com graphic.
Comments
12 Responses to “Locals Make New $22.5 Million Offer For OLF-8 Property”
Comm Barry stalled every other offer waiting for his buddy’s offer to come in. This “local” is a high dollar campaign donor to Comm Barry and the other local establishment politicians. Barry will have to recuse himself from this vote but now we see why Barry was stalling. His campaign donor demanded it.
Jeremy, $77K an acre sounds great, until you realize that an 18.5 acre wooded parcel within 1/2 a mile of OLF8 sold for $9 Million. That’s almost $500K per acre. These guys are more interested in taking care of their campaign contributors than the tax payers of Escambia County
With all of the families in the community will there be room for a splash pad with shaded seating, a playground or dog park. Possibly a few decent cafes…in addition to the store fronts?
Follow any more money for commisioners campaigns!!!
Or other conteibutions. Let this be clean decisions by the county
What about housing? No strip malls.
Costco is retail, John Connor.
Brilliant idea! The 9 mile area does not have any traffic capacity issues so this is perfect!
That is $77,586 per acre. Every property owner in the area should be over the moon for this valuation. Ten years ago an acre would have been worth $5000-$10,000.
A Town Center is a waste of time. It is basically a strip mall with fancy trees. Plus you are not going to compete with Downtown Pensacola or the Mall. So it will just be vacant store fronts. You need to focus on mid density housing and jobs!! Like Distribution Jobs/ Tech Jobs anything that isn’t service and retail.
I do not care if the rest is a landfill. I just want some space for a Costco.
Pensacola has always been a mixture of Country and beautiful beaches but it’s not anymore. Beach access is declining and houses are taking over the Country, as well. Stop before it’s just another cookie cutter town with your neighbor in an adjoining living room and coyotes sitting in your piece of front yard for you to complain about because they, along with other wildlife, have no place to go.
Some how, some way, our esteemed BOCC will find a way to make this investment, like all their other choices in this county….A LOSER FOR THE CITIZENS.