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Developers Make $16 Million Unsolicited Offer For OLF-8 Property : NorthEscambia.com


January 27, 2021
Developers have once again made an unsolicited offer for the county-owned property on Nine Mile Road in Beulah known as OLF-8.
Hemmer Consulting of Pensacola, and 68 Ventures of Spanish Fort, made the $16 million offer Tuesday to purchase about 400 acres for $40,000 cash per acre. Escambia County would retain about 130 of the 530 total acres for roads, government buildings, parks, schools and a dedicated commerce or business park.
The developers will, according to their proposal, follow design aspects guidelines set forth in a master plan once it is approved by the Escambia County Commission. DPZ Codesign has developed four master plan concepts for OLF-8 (click or tap here to see the plans in detail). The county commission has finalized a master plan. ....

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