Page 1

The Annual Real Estate Issue




Studers remake Iconic Downtown Tower ‘The last tract we have’



ACE KHAN | RealtorÂŽ AceKhan.net

Beautiful East Hill Home

2 Individual Income Properties | 1715 E. Gonzales St | MLS#542542 | $698,550 5 Bed, 4 Bath, 1,707 + 1,427 Sq. Ft.

20 Baybridge Drive #545490 | $920,000 4 Bed, 4 Bath, 3,100 Sq. Ft.

5700 Sparkleberry Lane #547692 | $468,000 4 Bed, 3 Bath, 2,937 Sq. Ft.

615 Clubhouse Terrace #546307 | $440,000 3 Bed, 2 Bath, 2,632 Sq. Ft.

Working Hard to Deliver Successful Results! C: 850.748.1365 | | O: 850.432.5300 | www.acekhan.net ace.khan@theacekhanteam.com | 4475 Bayou Blvd. Pensacola, FL 32503

Everything old is new again. Before



Perm-a-Koating Process

We can repair water-damaged MDF cabinets! After

Transform your cabinets to bring your room to life again... kitchen, bath, bedroom, entertainment center, more


Beautifully affordable, color-matching system

Professionally prepped and pre-treated with special bonding primer • 21st-century painting technology • Any color available Scrubbable, stain-resistant finishes • Smooth, beautiful finish - semi-gloss or satin • Hardware re-used or replaced

Cabinets-a-New • Doors-a-New • Furniture-a-New • Garage-Floors-a-New

Since 1974 A Matter of Integrity

Free Estimates: (850) 432-3660 • www.paintersplusonline.com



“Mark transformed our office doors! Before, they were dull and weathered. Now, they are the center of attention. They probably look better than they did when they were purchased! Mark took his time to make sure that the doors were right. My wife and I never thought that doors would bring us so much joy!”

-Aaron Watson, The Watson Firm

...with the integrity of our hearts and the skillfulness of our hands Have you looked at your door today? • Residential Doors • Commercial Doors

• Historical Doors • Church Doors

• Garage Doors • Metal Doors

We are Pensacola’s finest exterior door refinishing experts! With over four decades of experience, we bring a level of expertise that is unmatched in the Pensacola area. We would love to help bring life back to your doors!


Free Estimates: (850) 432-3660


-BR//BA on - acres Milton nearoninterstate -BR//BA - acres $/-,,,,, Milton near interstate -BR//BA -BR//BAon on--acres acres Vicki Paulchek $/-,,,,, Milton nearinterstate interstate Milton near $,,--$--,,$Vicki Paulchek $/-,,,,, $/-,,,,, $,,--$--,,$Vicki Paulchek Vicki Paulchek MLS ,---/$ $,,--$--,,$$,,--$--,,$MLS ,---/$

Only $$$,,,, -BR/-BA Only $$$,,,, Split Floorplan -BR/-BA Only Only $$$,,,, $$$,,,, Amy Lee Fooladi Split Floorplan -BR/-BA -BR/-BA $,,--$---,-/ Amy Lee Fooladi Split Floorplan Floorplan Split $,,--$---,-/ Amy Lee Fooladi Amy Lee Fooladi $,,--$---,-/ $,,--$---,-/

-BR/-BA $---,,,, Generous $---,,,, sized lot -BR/-BA in-BR/-BA Belmont$---,,,, DeVilliers Generous sized lot -BR/-BA $---,,,, Renee Borden inGenerous Belmont DeVilliers sized lot Generous sized lot $,,--$----$Renee Borden in Belmont DeVilliers Belmont DeVilliers $,,--$----$Renee Borden Renee Borden $,,--$----$$,,--$----$-

-BR/-BA New Construction in Belmont -BR/-BA NewDeVilliers Construction $--$,$,, in Belmont DeVilliers -BR/-BA New Construction -BR/-BA New Construction Chris Oswald $--$,$,, ininBelmont DeVilliers Belmont DeVilliers $,,--$$-,$,, Chris Oswald $--$,$,, $--$,$,, $,,--$$-,$,, Chris Oswald Chris Oswald $,,--$$-,$,, $,,--$$-,$,,

MLS,---/$ ,---/$ MLS

-BR/-.,BA New Construction -BR/-.,BA -BR/-.,BA Downtown Pensacola New -BR/-.,BA Construction New Construction New Construction Christine Landers Downtown Pensacola Downtown Pensacola Downtown Pensacola $,,--$/-,-$$ Christine Landers Christine Landers Christine Landers $,,--$/-,-$$ $,,--$/-,-$$ $,,--$/-,-$$

Land For Sale -BR//BA Belmont DeVilliers Land For Sale Large workshop -BR//BA Land For Sale -BR//BA Land Sale -BR//BA .-acresFor $-$$,,,, Belmont DeVilliers Only $$$,,,, Large workshop Belmont DeVilliers Large workshop workshop Belmont DeVilliers Large Stacey White .-acresM. $-$$,,,, Jenna Griffin Only $$$,,,, .-acres $-$$,,,, Only $$$,,,, .-acres $-$$,,,, Only $$$,,,, $,,--,--,$$Stacey M. White $,,--/--,,,Jenna Griffin Stacey M. Jenna Griffin Griffin Stacey M. White White Jenna $,,--,--,$$$,,--/--,,,$,,--/--,,,- $,,--------- $,,--,--,$$$,,--,--,$$$,,--/--,,,-

$,,--------$,,--------www.VoyageGulfCoast.com $,,--------www.VoyageGulfCoast.com www.VoyageGulfCoast.com www.VoyageGulfCoast.com

Commercial Space inCommercial Belmont DeVilliers Space Commercial Space Commercial Space perDeVilliers month in$-,,,, Belmont ininBelmont DeVilliers Belmont DeVilliers Johnper David Ellis $-,,,, per month $-,,,, month $-,,,, per month $,,--$---,-John David Ellis John David John DavidEllis Ellis $,,--$---,-$,,--$---,-$,,--$---,--

-- New Homes Downtown Pensacola, FL

Phase One: Phase Phase One: One: One:

---New Homes Downtown Pensacola, FL FL New Homes Downtown Pensacola, -- New Homes Downtown Pensacola, FL


PENSACOLA NEW HOMES STARTING ATNEW $/$$.$$$ PENSACOLA NEW HOMES PENSACOLA HOMES STARTING AT $/$$.$$$ STARTING AT $/$$.$$$ STARTING AT $/$$.$$$ $,$West WestGregory: Gregory:SOLD SOLD $,$ $/$ $,$ West Gregory: SOLD $,$ West West Gregory: Gregory: SOLD SOLD $/$ $-$ West Gregory: SOLD $/$ $/$ West Gregory: SOLD $-$ West Gregory: SOLD WestGregory: Gregory:SOLD SOLD $-$West $-$ West Gregory: SOLD $-$ INQUIRE $-$ West Gregory: SOLD $-$ West WestGregory: Gregory:INQUIRE SOLD $-$ West Gregory: INQUIRE $,$West WestGregory: Gregory:INQUIRE INQUIRE $-$ $,$ $,$ West Gregory: INQUIRE $-$ $-$West $,$ WestGregory: Gregory:INQUIRE INQUIRE $-$ West Gregory: INQUIRE $-$ WestGregory: Gregory:INQUIRE INQUIRE $-$West $-$ $-$ West West Gregory: Gregory:INQUIRE INQUIRE



www. Pars-Co. www. Pars-Co. net net

Contact: Contact: Amy Fooladi Contact: AmyContact: LeeLee Fooladi Amy Lee $,,--$---,-/ Amy LeeFooladi Fooladi $,,--$---,-/ $,,--$---,-/ $,,--$---,-/

www.GardenDistrictCoages .com GardenDistrictCoages .com www.GardenDistrictCoages GardenDistrictCoages.com .com



Conveniently located in downtown Pensacola, we provide our clients with a variety of services beyond traditional tax and accounting. By listening to your needs, we connect you with our experts to help accomplish what’s important to you. It’s time to take a closer look at Warren Averett and all we have to offer. Let’s Thrive Together.

HR SOLUTIONS FINANCE TEAM SUPPORT PERSONAL SERVICES Florida | Alabama | Georgia | warrenaverett.com

316 South Baylen Street, Suite 300 | Pensacola, FL

Now Building Huntington Creek Just West of the Equestrian Center

Free Design Service Build on our lot or yours! Parade Winner 2013, 2014, 2015, 2016, 2017, 2018 Builder of Dream Home 2015 Builder Of The Year 2015

The Outstanding Home Award Winner for 2018!

Come visit our furnished model homes M-Fri 11 to 6pm, Sun 1 to 6pm

T: (850) 944-6805 • E: chopllc@yahoo.com • classichomesofpensacola.com

EDITOR’S NOTE In preparing this magazine, I was asked by an out-of-town real estate investor to give my assessment of Pensacola’s real estate market. I am neither a Realtor nor an economist, yet I felt confident in telling him that the market is strong, certainly the most active that I have seen in my lifetime. The city’s growth is hard to miss. For example, my drive to work takes about three minutes. In that time, I pass two new major residential developments and one of the largest commercial renovations the city has seen in years. I don’t often make it up to Beulah, but I know that community has exploded with new development around Navy Federal. The story of Pensacola’s renaissance is one that we are familiar with by now. What began on Palafox Street has begun to spread to the rest of the metro area. Home sales (and prices) are soaring. New construction is everywhere. Old buildings are being given new life. Demand for rentals has never been higher. From an editor’s perspective, it can be hard to keep up with all that is going on. For years, it was said that Pensacola was a place with tons of potential. We’re starting to see what that potential looks like, but I think it’s fair to say the city is still far from what it could be. We need better access to the waterfront. Young professionals need affordable places to rent. Fortunately, there are people like mayor Grover Robinson and Quint Studer who recognize these challenges and are working to address them. This special real estate issue is our attempt to look at some of the biggest deals, trends and other happenings in the local real estate market in the last year, as well as ahead to what’s coming in 2019. Within these pages you’ll find market outlooks from local experts, reports on some the biggest deals that could shape our community for decades to come and the story of one local real estate company making a big splash on the national level.

OWNERS Malcolm & Glenys Ballinger PUBLISHER Malcolm Ballinger malcolm@ballingerpublishing.com EXECUTIVE EDITOR Kelly Oden kelly@ballingerpublishing.com ART DIRECTOR Guy Stevens guy@ballingerpublishing.com GRAPHIC DESIGNER / AD COORDINATOR Bara’ah Jaraiseh baraah@ballingerpublishing.com EDITOR Will Isern will@ballingerpublishing.com ASSISTANT EDITOR Kaitlyn Peacock kaitlyn@ballingerpublishing.com EDITORIAL INTERN Matthew Hanimov CONTRIBUTING WRITERS DeeDee Davis Eric Milstead SALES & MARKETING Paula Rode, Account Executive ext. 28 paula@ballingerpublishing.com Geneva Strange, Account Executive ext. 21 geneva@ballingerpublishing.com

In meeting the people who helped to put this issue together, it’s clear that there’s a lot of passion out there when it comes to Pensacola and where it’s headed. The people investing their time and money to build this city up really do care about what happens here. Real estate is only one part of our roadmap, but I think we have a lot to look forward to. Will Isern

314 N. Spring St. | Pensacola, FL 32501 850.433.1166 | fax: 850.435.9174 ballingerpublishing.com

NW Florida’s Business Climate Magazine and Pensacola Magazine is locally owned and operated. All Rights Reserved. Reproduction or use of the contents herein is prohibited without written permission from the publisher. Comments and opinions expressed in this magazine represent the personal views of the individuals to whom they are attributed and/or the person identified as the author of the article, and they are not necessarily those of the publisher. This magazine accepts no responsibility for these opinions. The publisher reserves the right to edit all manuscripts. All advertising information is the responsibility of the individual advertiser. Appearance in this magazine does not necessarily reflect endorsement of any products or services by Ballinger Publishing. © 2019

8 Business Climate


www.UpsideRealtyFL.com O: 850.343.1960 F: 850.343.7368

Upside Realty LLC • 913 Gulf Breeze Pkwy. Suite 18 Gulf Breeze, FL 32561

Bringing Homes & Families Together Serving the Florida Gulf Coast Long Term and Vacation Rental Management

Emerald Coast Rentals

913 Gulf Breeze Pkwy Suite 18 Gulf Breeze, FL 32561 P 850.343.2255 | F 850.343.7368 www.Pensacola-Property.com

Small Enough to Listen, Big Enough to Deliver







A huge swath of prime land near Navy Federal is now in the county’s hands. What happens next will shape Beulah forever.

In just 10 years, this Pensacola company has become a national leader in healthcare real estate. They’re just getting started.

Take a tour of the thriving communities in and around Pensacola.




Quint and Rishy Studer have remade the former Suntrust Building into a epicenter of community advancement.

EXPERT: COMMERCIAL MARKET TO REMAIN STRONG IN 2019 35 Commercial realtor DeeDee Davis gives her outlook for 2019.


Realtor Eric Milstead examines Pensacola’s red-hot housing market.







ON THE MARKET a real estate section PAGE 45 COVER: Catalyst Founder & CEO Chad Henderson photographed by Bara’ah Jaraiseh

10 Business Climate

• Janet Moore •


RealtoR, GRI, SFR




ally Owne c o



I value and appreciate your business.

n it y D r



5561 Woodbine Rd. Pace, FL 32571


850.982.3985 Janet.Moore@FloridaMoves.com

over 25 yearS of experience in commercial & reSidential

SaleS & leaSing

meet our team! • residential • multi family • Warehouses • restaurants • retail Buildings • land & acreage

• convenience stores • Business Brokerage • office / retail strip centers

SucceSS in your buSineSS iS our buSineSS. Skye Li

reSidentiAL/ commerciAL reALtor

Rob WiLmeR

omaR Nagi geRaLD SeaLe


reSidentiAL commerciAL reSidentiAL RichaRDSoN SPeciALiSt "the reALtor/ oFFice SPeciALiSt " the reSidentiAL richArdSon AdminiStrAtor richArdSon SPeciALiSt / GrouP" GrouP" GrouP LeAder "the richArdSon GrouP"

DaviD Wu

commerciAL reALtor/ Broker

DaviD Wu


ccim cAndidAte

FLoridA LicenSed reAL eStAte Broker


dwu6688@gmail.com 60 South Alcaniz Street Pensacola, FL 32504

The Palmer law Firm harbourtown Village, Suite 41 913 Gulf Breeze Pkwy Gulf Breeze, Fl 32561

Raymond B. PalmeR 850.916.1000


Real estate attoRney Your legal resource for real estate closings, 1031 exchanges, wills & Trusts, Probate & Business estd. 1995

member of The real Property, Probate & Trust law Section of the Florida Bar

Escambia County staff and commissioners exchange deeds with officials from Naval Facilities Engineering Command Southeast at the county headquarters in downtown Pensacola on Jan. 29.

With OLF-8 in hand, county must decide Beulah’s future BY WILL ISERN

On Tuesday, Jan. 29 a Navy helicopter ceremoniously lifted off from a roughly 600 acre field adjacent to the Navy Federal Credit Union campus in Beulah and Escambia county finally took possession of the property known as Outlying Field 8.

The Navy, in return, got a new, $17.5 million helicopter field in Santa Rosa County. The land swap brings into Escambia County’s possession what is arguably the most desirable and important piece of property for the future economic development of Escambia County. “When you look at all of our property adjacent to the interstate, this is the only tract we have,” said FloridaWest Economic Development CEO Scott

Luth. “Everything else we have has been developed, has topography issues or potential wetland issues … I’m not going to say it’s the only one, but it is the largest one closest to the interstate.” At 636 acres with frontage along 9 Mile Road, the land has the potential to create jobs and bring sorely lacking amenities to an area of the county that has seen explosive growth as Navy Federal has expanded its Pensacola campus to employ more than 6,000 people. The trick will be striking a » Business Climate 13

A helicopter arrives on site at NAS Whiting Field’s Outlying Landing Field Site X, an about 600 acre piece of land outside of Jay, Florida, Jan. 30. The now-defunct OLF-8 was given to Escambia county in exchange for this new land. The Navy will use this new land to train rotary-wing pilots.

balance between the county’s desire for jobs, Navy Federal’s need for more space, the private sector’s wishes for the property and the needs of Beulah residents. Offers to buy portions of the land have already come in. Navy Federal has offered $4.2 million to purchase 100 acres abutting the western border of its campus, and a group of private developers have offered $18 million for the remaining 530 acres. Meanwhile, Escambia County has its own plan to use $30 million in BP oil spill money develop the property as a commerce park and create 1,000 jobs. And all of these plans are likely contingent on the results of a master planning process which could take more than a year to complete. OLF-8, as its known, was identified more than 20 years ago as important asset and economic development heads have worked since to see it come into the county’s hands. The question facing county leaders now is, “What is the highest and best use for the land?” District 1 Commissioner Jeff Bergosh represents Beulah on the Escambia County board of County Commissioners and lives across Nine Mile Road from the OLF-8 property. Bergosh is adamant that the property be used to create the necessary 14 Business Climate

1,000 jobs so as to qualify for the When those buildings are $30 million in BP oil spill money. complete, company spokesman Bill Pearson said, parking will Practically, Bergosh said he become a challenge. envisions shops and restaurants along 9 Mile Road and mixed“That’s where the OLF-8 use development further from property really comes in to play the road. for us,” Pearson said. “We would use some of that property to “We need more amenities for expand some of our parking for the community provided by that side of the campus, and the private sector, and I mean then we also are committing to restaurants, shops, things of that creating some recreational space nature,” Bergosh said. “It’s sad for both our employees and for to say right now if you want a the public to use.” hot meal in Beulah, you’re only option is a Tom Thumb gas If the county agrees to sell the station … So if I had to guess 100 acres Navy Federal wants, right now I think you’ll see the company has promised amenities, shops, restaurants on to create an additional 300 the frontage of Nine Mile Road, jobs, or roughly a third of the you’ll probably see a center jobs necessary to secure the portion dedicated to some job BP money. Navy Federal is on creation and probably the back track to have 10,000 employees maybe some mixed-use, maybe working at its campus by 2022. some lofts, something like that, and some sort of a town center Not long after Navy Federal feature. That’s what I anticipate made its offer for the 100 acres, the master planner will come up private developers Hemmer with, but that’s about a year away.” Consulting LLC and 68 Ventures LLC put forth their offer of $18 Alongside its offer to purchase million for the lion’s share of the the 100 acres, Navy Federal property. Hemmer developed the has also offered to pay up to $2 Huntington Creek subdivision in million to fund the master plan Beulah and is working under the for the property. The company county’s mid-west sector plan to is currently constructing two build more than 10,000 homes. new massive office buildings at its Heritage Oaks campus that, Hemmer said he supports the when complete, will double the master planning process for the amount of office space from 1 site and would hope to develop a million to 2 million square feet. town center project.

“I see it as a good opportunity where we have a huge investment in this area,” Hemmer said. “We think the master plan that the county will go through is what should be done there. We think that by letting the county control that planning process it would result in something that we would enjoy developing.” For all the years and dollars it has taken for the county to get to this point with OLF-8, the project is effectively at square one. It remains to be seen whether the county will accept either of the offers it has been presented, or whether it will be able to secure the $30 million in BP money. One thing is certain, however. Whatever happens with OLF-8 will change Beulah forever. “I think it’s going to produce something that’s a win-win for the business community, a win for Navy Federal, a win for residents like me who are looking for a couple restaurant options, perhaps a big-box grocery store,” said Bergosh. “I think there’s a lot of good things in store for Beulah and this will just be one part of it.”


Thinking of Buying or Selling?

Living in East Hill!

A Vision for your life

I am passionate about sharing the East Hill Lifestyle and real estate opportunities throughout the Pensacola area. My goal is to meet your needs and exceed your expectations. Call your Neighborhood Real Estate Professional today!

gorgeouS home on navarre BeaCh

7961 Gulf BlVD 2, NaVarre Beach 4 Br | 4 Ba

2,100 SQ. Ft.


Rascal is the best dog in Bayview Park!

Established in 1962

Pamela L. Smith, Realtor

CRS, PMN, e-Pro | (850) 516-7809 www.pamlsmith.com | pamlsmith1@aol.com Real Estate Counselors, Inc.

Carrie Lee



Catalyst Founder & CEO Chad Henderson

Scaling Up:

Catalyst HRE goes next level BY WILL ISERN


N THE YEARS leading up to the Great Recession, Chad Henderson was an entrepreneurial twenty-something fresh from college making his first forays into the red-hot real estate market of the early-2000s. When the recession hit, Henderson, like real estate investors everywhere, got hit hard. But he was still young and had seen the market in boom and bust.

“I was really blessed to be able to see an thriving market and learn from that, and to see a rock bottom market and learn from that and still be at a very young time in my career,” Henderson said. “So one of the big takeaways from that was that I did not just want to be a deal guy, I wanted to really offer up a true valueadded proposition to whatever sector of real estate that I ended up working in.” Early on, Henderson did a few deals developing healthcare clinics in northwest Florida and noticed there were few other players in the market. He enjoyed the health clinic deals and set his sights on making his company, Catalyst, an industry leader in healthcare real estate. “I wish I could tell you that over 10 years ago I was a visionary and knew that the Affordable Care Act was coming down the pipe and that all of this healthcare delivery would change and they would need more dynamic real estate outlets than they had in the past,” Henderson

said. “The reality is I did a couple clinics early on, I really enjoyed the stakeholder engagement of the provider and all of that that went on with healthcare real estate, really looked around our neck of the woods and noticed no one was really focused on healthcare real estate and began to dive in and learn more about it.” In the decade since, Henderson’s company has grown by leaps and bounds to become one of the nation’s largest private equity real estate investors with more than two million square feet of healthcare real estate under management in 11 states. The company has doubled the size of its workforce in the last twelve months and is currently working on over half a billion in acquisitions and development. Henderson, 39, said he expects to double the company’s assets within twelve months. Catalyst’s meteoric rise can be attributed to a combination of Henderson’s vision, ambition and excellent timing. »

Business Climate 17

Catalyst HRE developed the 24,000 square-foot Baptist Airport Clinic from the ground up. The facility opened in March 2017. 18 Business Climate

Scaling Up We think that that continuum of services align really nicely with healthcare and all of the changes going on in healthcare. So we can be an ongoing strategic real estate partner for the providers.” With the passage of the Affordable Care Act and a shift in healthcare to pay-forperformance, doctors across the country were incentivized to band together in larger and larger groups. Whereas 20 years ago a doctor might have maintained her own office, it is increasingly likely today that she is employed directly by a large company or specialty group. These groups need facilities in which to see and treat their patients, but aren’t necessarily interested in owning them. Instead, they lease them long-term from companies like Catalyst. Catalyst leverages that stream of guaranteed income to gain access to capital, acquire more properties and thus achieve scale. Investors, Henderson said, have begun to recognize the potential value of healthcare real estate separate from other commercial real estate. “Healthcare until about 20 years has been under the umbrella of office (space), but as healthcare delivery has changed and access to healthcare has become more prevalent, healthcare real estate has really started to become its own sector, and that market has begun to mature,” Henderson said. “We think that’s going to continue for reasons like an aging demographic. As our population ages then they’ll want more access to healthcare, so intuitional investors will get more conformable placing capital and understanding healthcare credit and healthcare delivery and so forth, and we’re hopefully a really good avenue for those institutional investors to invest in healthcare.” Catalyst’s growth from a local startup to a national player has been quick even by Silicon Valley standards, more so for a company headquartered in Pensacola. The transition from what Henderson termed “country club capital” to true scale was critical. Rather than have to

negotiate with new investors each time Catalyst wanted to make a deal, the company sought out a programmatic institutional capital partner. It took time to find the right partner, but last summer Catalyst entered into a equity joint venture partnership with Boston, Massachusetts-based Bain Capital Real Estate. With a reliable access to capital, Henderson has set his sights on building a billion-dollar healthcare real estate portfolio over the next three years. The company has opened offices in Ocala, Milwaukee, Wisconsin and Winston-Salem, North Carolina, and hired industry veterans in key leadership roles. Major acquisitions followed, including a $150 million, 21-property deal in August 2018 with Physicians Realty Trust, a publicly traded real estate investment trust. Physicians Realty Trust CEO John Thomas said Henderson and Catalyst have quickly established themselves as leaders in the healthcare real estate industry. “I was impressed with Chad from the outset,” said Thomas. “He’s a very entrepreneurial guy, he has very high integrity and a very strong ability to build relationships. Because of that we bought a few buildings he had developed just to put our toe in the water, and since then we’ve sold some to him and he’s sold some to us, things that fit his strategy better or fit our strategy better. One of the things our success has allowed us to do is work with people we want to work with and not those don’t want to, and he easily fits in that category of people we want to work with.” Henderson has worked hard to position Catalyst as a dynamic, growth-stage company on the cutting edge of the transition in healthcare. » Business Climate 19

Scaling Up

The interior of the Baptist Airport Clinic developed by Catalyst HRE. The company not only does traditional real estate development, but also consulting, lease administration and maintenance.

20 Business Climate

MEET THE TEAM Catalyst HRE has doubled the size of its workorce in the last year.

Catalyst describes itself as a healthcare company first, built on the four pillars of “plan, create optimize and manage.” The company not only does traditional real estate development, but also consulting, lease administration, maintenance and more. Catalyst’s goal, Henderson said, is to be an ongoing partner with its clients. “We think that that continuum of services align really nicely with healthcare and all of the changes going on in healthcare,” Henderson said. Catalyst’s ability to establish itself in less than a decade as one of the nation’s leading healthcare real estate firms in the country, Thomas said, is a testament to Henderson’s tenacity and the market’s fragmentation. Unlike apartment buildings or retail locations, healthcare facilities are still largely owned by individual doctors or healthcare groups, meaning there’s lots of potential for companies like Catalyst to buy and lease them back to the healthcare providers. “It’s an extremely fragmented area of real estate,” Thomas said. “Ninety percent of malls, for example, are owned by (real estate trusts), but only 10 to 20 percent of

medical facilities are owned by institutional capital. So the amount of it being owned mostly by doctors and hospitals has created enormous opportunity for people who know what they’re doing, and Chad is definitely one of those guys who knows what he’s doing.” Despite his company’s tremendous growth, Henderson has never sought to relocate Catalyst from Pensacola. The company occupies the fourth floor of the Rhodes building in downtown Pensacola, which it purchased from Quint Studer in November 2015 for $3.1 million. The office, with its exposed brick, reclaimed wood and glass walls, could be mistaken for a tech startup. Henderson’s own office is modest, though a considerable step-up from his humble beginnings as a 16-year-old selling ice cream to boaters on Perdido Key. Henderson was recently named chairman of the Studer Community Institute and said he is passionate about the city’s growth and keeping his company here. “I’m extremely passionate about Pensacola,” Henderson said. “My family is from here, I grew up here, this is home.” •

Business Climate 21

You don’t buy a house for the little things, but they sure are good to know. Berkshire Hathaway HomeServices PenFed Realty agents have the resources and experience to make sure you know it all, big and small. KNOWLEDGE OPENS DOORS CALL (850) 434-2244

17 W. Cedar Street Pensacola, FL 32502


17 W. Cedar St. Pensacola, FL 32502

22 Business Climate

©2019 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity.

Welcome to the Neighborhood

Highlighting 12 communities in and around Pensacola BY KAITLYN PEACOCK

The City of Five Flags is no stranger to people – lots of people, with lots of different cultural identities and backgrounds.

Everyone who has come through the city has touched it in some way, leaving an imprint even as the city has grown over the years. Throughout the many neighborhoods in Pensacola, you can find white-sand beaches, classic and modern housing, a myriad of shops, restaurants and bars and a lot of history, and that’s only scratching the surface. To mark the city’s continued growth and expansive history, Business Climate has gathered some highlights of the major neighborhoods in and around Pensacola. » Business Climate 23

Welcome to the Neighborhood

East Hill

Population: 13K School Districts: OJ Semmes Elementary School; JH Workman Middle School; Booker T. Washington High School Private Schools: East Hill Christian School; Jacqueline Harris Preparatory Academy; Sacred Heart Cathedral School; Montessori School of Pensacola; Pensacola Private School of Liberal Arts; Lighthouse Private Christian Academy


NE OF THE OLDEST NEIGHBORHOODS in Pensacola is historic East Hill, a classic neighborhood for the modern era. Originally only a mile-long stretch along Pensacola Bay, this neighborhood soon grew to two “heights,” which became East Hill and North Hill. Today, East Hill is located at the heart of Pensacola, within walking distance to downtown and only a few minutes away from Pensacola Beach and I-10. Boundaries for the neighborhood include Bayou Texar to Ninth Avenue and Lakeview and Belmont Streets, though some residents say East Hill includes streets farther north. As Pensacola continues to grow, East Hill has become the prime spot for new homeowners, causing market prices to rise and more homes to be built. The centralized location and focus on a beautiful, quiet atmosphere makes East Hill a great place for professionals looking to work in the

expanding downtown or for families wanting to settle into a suburb-like neighborhood while still being in the center of the action. Although one of the oldest neighborhoods, East Hill continues to grow, with the new Bayview Community Center on track to open this year and new homes under construction throughout the neighborhood. Along with a thriving residential area, East Hill also sports several commercial enterprises, including restaurants, grocery stores and more. Anything you can’t find in East Hill though, you can find with just a short walk to downtown Pensacola. For those wanting a bit of history in their streets and a bit of personality in their home, East Hill is exactly where you’ll fit in.

Belmont-DeVilliers A

Population: 1.8K School Districts: Global Learning Academy; JH Workman Middle School; Pensacola High School Private School: Episcopal Day School Early Learning Center

24 Business Climate

NYWHERE YOU STAND in Pensacola, chances are you’ll only be a stone’s throw away from something historic, but there are few places this is most true than in the Belmont-DeVilliers neighborhood. Development of the neighborhood really began after the Civil War in response to Florida’s strict Jim Crow laws at the time. Many African-Americans moved into the area to escape the segregation that was present throughout most of Pensacola. In time, the neighborhood grew into a thriving commercial district and became a center for African-American culture, specifically supporting a large music scene. The neighborhood’s current boundaries are Gregory to Cervantes Streets and A Street to Spring Street.

After an extensive plan to preserve and revitalize the neighborhood beginning in 2004, BelmontDeVilliers has been growing back into the thriving district it once was. With new homes and businesses moving into the area, as well as many historic buildings seeing proper care and renovations, the neighborhood has become a place to find affordable housing near downtown and right at the center of Pensacola. Growth has continued and the city’s Community Revitalization Agency is still doing work within the neighborhood. Belmont-DeVilliers is the place you want to be if you’re looking for an up-and-coming neighborhood with lots of history to explore.

Gulf Breeze Proper Population: 8K School Districts: Gulf Breeze Elementary School; Gulf Breeze Middle School; Gulf Breeze High School Private School: Good Shepherd Lutheran School


UST ACROSS THE PENSACOLA BAY BRIDGE, you’ll be greeted by palm trees and beach town feelings. Gulf Breeze Proper runs from the tips of Fair Point and Deer Point up until the edge of the Naval Live Oaks Nature Preserve, bordered by Bayshore Road. Once a simple shipping colony called Town Point, Gulf Breeze expanded with the growth of the yellow pine lumber industry that was taking root in nearby Pensacola. However, Pensacola and Gulf Breeze wouldn’t connect until the early 1930s, when the Pensacola Bay Bridge and Highway 98 were completed. Although comparatively small, the town has become a haven for anyone seeking a quiet town within a few minutes’ driving range of the city and the beach. Despite the relatively small space in Gulf Breeze Proper, the popularity of homes within the area has boomed, creating an increase in demand for houses. New homes are being constructed, but many


Population: 29.5K School Districts: Avalon Middle School; Pea Ridge Elementary School; SS Dixon Primary School; SS Dixon Intermediate School; Thomas L Sims Middle School; Pace High School

are seeking space just outside of Gulf Breeze Proper’s limits, as the population boom has made the area west of the Naval Live Oaks tight. Within the neighborhood limits is a strip mall with boutique and larger retail shops, bars, restaurants and services, along with the mega complex that includes the primary, middle and high schools. If you are looking for a small town vibe with big things happening, Gulf Breeze Proper is the best small town beach town in the area.


ENSACOLA HAS BECOME an expanding metropolis over the years, and those seeking work in the city might need a quiet place to call home. Pace is one of the fastest growing communities just outside of Pensacola’s city limits, growing from a population of just under 7,500 people in 2000 to quickly approaching 30,000 today. Considered part of the urban sprawl of Pensacola, Pace has a suburban feel without being too far from the plethora of work places offered in both Pensacola and Milton. Pace is located a short drive north of Pensacola on Highway 90. Once a lumber town called Florida Town, Pace is now a great community for families, with parks, outdoor spaces and small shopping areas within the suburb. The dramatic population increase has led to continuous

construction, however most homes are affordably priced for working families. The population of Pace is expected to grow, and with it, more businesses are expected to move into town. For those needing something more than what the suburb can offer, Pace is within reasonable driving distance to shopping and services offered in Pensacola and nearby Milton. Offering the quiet atmosphere of a big city suburb with small town affordability, Pace is your goto place for growing your family just outside the city limits.

Business Climate 25

Welcome to the Neighborhood

North Hill Population: 5K School Districts: Global Learning Academy; JH Workman Middle School; Pensacola High School Private School: Episcopal Day School Early Learning Center


ID YOU KNOW THAT there is a neighborhood in Pensacola that has been declared an U.S. historic district? That district would be North Hill, which has more than 400 historical buildings alone. As one of the oldest neighborhoods in Pensacola, North Hill originally held Fort George, built in 1778 to repel attacks from the north and played a vital role during the Revolutionary War. The boundaries of the North Hill Preservation District include Blount, Palafox, Wright, Belmont, Reus and DeVilliers Streets. As one of the oldest neighborhoods, North Hill contains a myriad of housing styles, including Queen Anne, Craftsman Bungalow, Colonial Revival, Neoclassical, Tudor Revival, Art Deco, Victorian and others. The combination of styles is very

unique to North Hill, though you can find many of these styles scattered throughout the city. North Hill is within walking distance of downtown Pensacola, but there are several restaurants, grocery stores and other businesses within the neighborhood. The convenience of its location makes it a popular spot for people to move, though the historic nature of much of the neighborhood has prevented a lot of growth. Renovations and preservation of old buildings is ongoing, and there is still a bit of new construction to be found if you look hard enough. The eclectic and historic nature of North Hill makes it a haven for those searching for something a little different for their home and a lot of stories to find out about their street.

Cordova Park O

Population: 2.8k School Districts: Cordova Park Elementary School; JH Workman Middle School; Washington Senior High School

26 Business Climate

NE OF THE STRICTLY residential communities within Pensacola, Cordova Park runs from 12th Avenue to the southeast, cutting off near Inverness Drive and is bordered on the northeast by Summit Blvd. and to the southwest by Bayou Texar. This small, gated community is a beautiful, quiet area of Pensacola located just outside some of the biggest economic areas of the cities, the Cordova Mall and the Pensacola International Airport. As one of the newest neighborhoods developed in Pensacola, with the new construction beginning around the start of the 20th century, it is one of the best places for professionals and retirees to enjoy their days. A unique aspect of Cordova Park

is its lack of commercial ventures, with only a few small businesses within the neighborhood proper. However, the nearby Cordova Mall makes up for this in spades, giving residents easy access to almost any business or service they could possibly be looking for. Although one of the newest developments, space is limited as many of the land parcels have been already built upon. The homes featured within the neighborhood primarily consist of ranch-style singlefamily houses, with a few rental properties as the exception. This neighborhood offers an escape from Pensacola without leaving the city limits and can offer a beautiful home with a more modern style.

Pensacola Beach R

Population: 8K School Districts: Pensacola Beach Elementary School; Gulf Breeze Elementary School; Gulf Breeze Middle School; Gulf Breeze High School

EADY FOR A BEACH PARTY? Pensacola Beach is the best place to have some fun on the beach, and it’s a great place to find a home. You’re in the center of all the action, between the Blue Angels Beach Air Show, the Mardi Gras Parade and many, many other festivals and events, plus the convenience of living only a short, beautiful trip away from some of the best restaurants and bars in Pensacola. Pensacola Beach extends from Fort Pickens to Navarre Beach, however the commercial and residential areas are all located between DeLuna Point and the Santa Rosa Villa Estates. Beach properties in and near Pensacola Beach are highly coveted, meaning prices for homes

are typically high. Including construction of new houses some of the neighborhoods on Pensacola Beach, a new parking expansion is planned to be built on the beach to help alleviate traffic flow and spacing problems in the commercial district. Traffic can be an issue, but when you’re in the center of everything that’s happening, it’s not a problem to simply take a walk down the beach to get to wherever you need to go. The one thing missing is a good grocery store; you’ll need to go across the bridge into Gulf Breeze for any solid food shopping. Kick back and relax on the beach or join the party, either way Pensacola Beach is right for anyone who’s just looking to have a little fun.

Navy Point Population: 14.5K School Districts: Navy Point Elementary School; Warrington Elementary School; West Pensacola Elementary School; Myrtle Grove Elementary School; Warrington Middle School; Escambia High School


ENSACOLA HAS A LOT OF HISTORY, but Navy Point specifically has a lot of naval history. With NAS Pensacola resting right in the center of it, Navy Point is a haven for service members who work on the base, however it’s also a good place for anyone on a budget to find a comfortable home. NAS Pensacola has a lot of history itself, currently serving as the home to the U.S. Navy’s Flight Demonstration Squadron, the Blue Angels, and with homes in the neighborhood built in the late 1920s, you’re bound to find something interesting at every corner. Navy Point includes the entire peninsula surrounding NAS Pensacola and a few others neighborhoods, including Beach Haven and Old Hickory. With such an emphasis on the Navy in Navy Point, you would think it would only be for Sailors and their families. While many people who live in Navy Point are connected to the military, the low prices of the neighborhood make it a great place for those just

starting out to find an affordable home. The peninsula is within a short drive to both downtown Pensacola and the beaches on Perdido Key, with businesses and grocery stores just outside the peninsula for those who want to avoid the traffic of downtown. Other than the odd jet plane zooming overhead, Navy Point offers a quiet alternative to city life while still being close to everything you could want and with a view of the water that can’t be beaten. Business Climate 27

Welcome to the Neighborhood

Scenic Heights Population: 14.6K School Districts: Scenic Heights Elementary School; Cordova Park Elementary School; J.H. Workman Middle School; Ferry Pass Middle School; Washington Senior High School


UCKED INTO A CORNER OF PENSACOLA ALONG the beautiful Scenic Highway is Scenic Heights, a newer neighborhood where many Pensacola residents have hidden away. As one of the residential areas that sprouted up due to the opening of Cordova Mall and the proximity to the Pensacola International Airport, this neighborhood is one of the most suburban parts of the city while still being within city limits. Scenic Heights is located between Langley Avenue and Bonway Drive and Spanish Trail Road and Hilltop Drive. Although a smaller neighborhood when compared to communities nearby, it is a very populated area, with both rental and residential buildings aplenty within its limits. Since Scenic Heights is relatively new, the neighborhood has had continued growth and new construction for many years now and shows no signs of slowing down. Being so close to Cordova Mall and

the Pensacola International Airport means this neighborhood is within a short distance of one of busiest commercial districts in the city. While there aren’t really any shops to be found within the neighborhood proper, you’ll find anything you could possibly want in the commercial district nearby. There’s a small piece of paradise in the middle of the city just waiting to be claimed, so make sure to check out all that this neighborhood has to offer.

Nine Mile Road A

Population: 20.6K School Districts: Ferry Pass Elementary; Ferry Pass Middle School; Ensley Elementary School; Woodham Middle School; Escambia Westgate Center; Washington Senior High School Private Schools: BB C Christian Academy; Escambia Christian School; Pensacola Catholic High School

28 Business Climate

LTHOUGH NOT AN official neighborhood of Pensacola, Nine Mile Road has become a hotspot for residential and commercial development over the past few years, and it’s only set to get bigger. While downtown Pensacola and all the neighborhoods at the center of the city are confined by physical space, Nine Mile Road is where new communities can continue to expand. A part of Highway 90 and State Route 10, its name comes from its approximate distance to Garden Street, the heart of downtown Pensacola. Nine Mile Road is one of the cheapest places in the city to find a home, but also one of the most rapidly developing, with new and old commercial ventures, the

University of West Florida nearby and more than 1,000 residential properties, both houses and rental properties, under construction. The biggest development is the expansion of the Navy Federal Credit Union campus located nearby. More and more people are expected to flock to the area as the headquarters gets set to expand. Along with large corporations, thriving small businesses exist all along Nine Mile Road, including Goat Lips Chew and Brew and the famous El Asador taco stand. While Nine Mile Road may not be an official neighborhood, the communities growing around the road are some of the best for anyone looking to get in on the northward expansion of Pensacola.

Perdido Key J

Population: 29.4K School Districts: Helen Caro Elementary School; Jim C. Bailey Middle School; Escambia High School


UST A SHORT DRIVE outside of Pensacola, you’ll find beautiful ocean water, sugar-white sand beaches and a lot of sun. Perdido Key is one the best beach towns around Pensacola, offering everything you want from a beach and just a short distance from all the city lights and shopping you could want. Discovered by the Spanish in 1693, Perdido Key was used by the U.S. Navy as the Gulf Beach Gunnery Range until 1954, when the beach was divided into around 700 lots. Perdido Key proper includes the barrier island south of Gulf Beach Highway, stretching 16 miles between Pensacola and Orange Beach, Alabama, though some recognize the Key as extending to the shores north of the island. As one of the most coveted real estate areas around Pensacola, house

prices can be very expensive, however there is a large range of property prices in and around Perdido Key. With more than 500 new homes planned, the Key continues to expand, however it remains at generally a low population density due to the large lots available. Want to do some shopping or looking for a restaurant for dinner but don’t want to drive all the way into Pensacola? Perdido Key does offer all the commercial businesses needed for everyday life while still keeping the beach town feel. Recently retired and looking for a beach home to while away the golden years of your life? Or maybe just looking for a vacation-everyday sort of house. Perdido Key is exactly where you’ll want to be.

Population: 37.5K School Districts: Beulah Elementary School; Beulah Academy of Science; Bellview Elementary School; Bellview Middle School; Pine Forest High School; George Stone Area Voc-Tech School Private Schools: Beulah Christian Academy; Pensacola Mennonite Christian School; Bellview Junction Academy


N UP-AND-COMING COMMUNITY JUST OUTSIDE of Penscola, Beulah is the biggest development surrounding the city. As a mostly residential area, the housing market has boomed recently as the urban sprawl of Pensacola continues to extend farther and farther north. Bordered by Interstate 10, the Perdido River and Elevenmile Creek, it includes large sections of major highways such as Mobile Highway and Nine Mile Road, creating for easy travel through the large area. The biggest development by far in Beulah is the Navy Federal Credit Union headquarters located off of Nine Mile Road. As the headquarters is set to open, more and more people are moving into the neighborhood, causing an upsurge in home construction over the past few months. With the huge developments from Navy Federal Credit Union, Beulah has a thriving commercial district in and around Nine Mile Road,

though the residential communities are much more prevalent. The increase in demand for homes in the area have driven up the housing prices, but there are communities within Beulah that offer affordable housing for those looking to move on a more conservative budget. Looking to move near to where the jobs are at with Navy Federal Credit Union? Beulah is your place. But it’s also your place if you are looking for a suburb near Pensacola that promises to continue growing and thriving. Business Climate 29



DiAne Toepfer

4+ br / 3 ba 3,326 Sq. ft.


I am here to help with all of your real estate needs.

Broker-Associate 1-850-501-3046 Cell

“Still the American Dream”

Gulf viewS

9 West Galvez Ct, Pensacola Beach 940 Paradise Beach Circle, Pensacola

4 br / 5.5 ba 6,023 Sq. ft.



PRemIeR CoastaL team Each office is independently owned and operated.

Jenn Cole 850-712-4084 Stephanie Harrington 850-816-6684


www.pensacolahomelistings.com conna@connaodonovanteam.com

509 Ft Pickens Rd Pensacola Beach • Gulf Side 3 BD/2.5 BA 2,370 SF $849,900 MLS# 541718

30 Sugar Bowl Ln Pensacola Beach • Peaceful Retreat 3 BD/3 BA 2,632 SF $799,900 MLS# 532610

52 Port Royal Way • Downtown Pensacola

Perfect fusion of downtown living and coastal luxury. Gated Community within walking distance to the best events, dining and shopping Pensacola has to offer.

4 BD/3.5 BA 3,064 SF $874,500 MLS# 547676

218 Le Starboard Dr • Pensacola Beach 1100 FT Pickens Rd A-26/A-28 5 Sugar Bowl Ln Pensacola Beach • Condos Pensacola Beach • Upscale Beach Beauty Capturing the best of all worlds, rare opportunity to own a dock side pool home located on a deep water canal. Luxury 3 story estate with living at its finest. 2 BD/3 BA 1,420 SF 3 BD/2.5 BA 1,850 SF 4 BD/3.5 BA 3,200 SF • $1,070,000 MLS# 535327 $329K-$349K MLS# 541662 $699,000 MLS# 535493

28 Years Experience •Over 21 Million in Closed Sales 2018

Developing the Future

SCI building will be hub for community growth BY WILL ISERN


t’s a stormy Wednesday afternoon outside the ground-floor lobby of Pensacola’s tallest building. The rain battering the massive skylight echoes against the glass walls and barren tile floor. Though it’s empty now, the building’s owners envision the space as the central hub for the city’s thought leaders and community groups to exchange ideas and take action that will improve the lives of generations of Pensacolians. The building is the former SunTrust Bank tower at 220 W Garden Street. For the last 18 months, workers have labored over the tower’s 140,000 square-feet replacing its electrical, plumbing and air conditioning systems, and have scaled every foot of its twelve-story exterior,

cleaning surfaces and patching leaks. When the building officially reopens in April, it will be as the Studer Community Institute Building and it will be home to the University of West Florida Center for Cybersecurity, a PenAir Federal Credit Union branch, numerous businesses, a coffee shop, independent movie theater and an augmented reality observation deck on the ninth floor. The renovations are Quint and Rishy Studer’s largest ongoing project. The Studers purchased the building in April 2017 for $8.5 million and have spent $7 million fixing it up. Their goal, said Studer Properties president Andrew Rothfeder, is to transform a neglected downtown landmark into a hub for community advancement. »

ANDREW ROTHFEDER President of Studer Properties Business Climate 31

“There were two goals we had in mind when we saw and decided to buy this building,” Rothfeder said. “One was primarily we really wanted to buy the building just for this ground floor space to accomplish these (community) goals. But when we saw the building and saw the space and said this could work, we also saw this opportunity to take this iconic downtown building – it’s one of these buildings if you’re downtown, it’s huge, you can’t miss it, but it kind of disappears. So, with our mission to improve quality of life and being in the real estate business as a part of that, what an opportunity to take this building and turn it into what this community deserves.”

spearheaded local initiatives on early childhood learning, small business development and retaining local talent. The Institute’s community-focused CivicCon lecture series, annual EntreCon professional development conference and its numerous early learning initiatives have been hosted throughout Pensacola. A big part of developing the Studer Community Institute, said Rothfeder, is about giving all of those initiatives a home.

“We have these goals of small business growth, attracting and retaining our talent – which research has shown is absolutely critical to any town – and creating an environment where small businesses can thrive is a huge part of that,” From a real estate perspective, said Rothfeder. “Those people the Studers’ investment is more need training and development than financial, Rothfeder said. and tools and resources to While it is the case that the grow their small businesses, building will likely be fully so what we’ve done there leased come April, it may be is create a whole suite of decades before the project programming around small turns a profit. business development and training, CEO roundtables, “The keys for investment EntreCon, a whole series of in this building and what training and development we’ve done are someone who programming that SCI puts defines return on investment on. Of course, the other goal is as more than financial, and purely philanthropic which is very, very patient capital,” said our huge community mission Rothfeder. “Which is, ‘I’m of early childhood learning. So willing to do something and we wanted a place where that invest in something very high SCI training and development risk hoping and thinking that and CivicCon and the Center maybe in a generation it will for Civic Engagement – we’ve at least have made sense.’ And just been housing those that’s Quint and Rishy.” events at different places around town – where all of Already, the Studer that came together. We said Community Institute has we need a home for this; we taken up residence on the need a physical space where building’s ground floor. all of this happens, because For years, the Institute has it takes on an identity when 32 Business Climate

you actually have a place. So that was the goal, we wanted this to be a place where all of our community solutions, all of our community ideas and brainstorming are happening where it develops a brand to where this is the place you want to come to talk about your ideas to move this community forward.” The Studers have long sought to create a community center devoted to entrepreneurship in Pensacola. They tried in 2015 to build the UWF Center

for Entrepreneurship at the Community Maritime Park but were stymied by former mayor Ashton Hayward’s administration. The Center was instead opened on the university’s campus. The newly renovated SCI building, said SCI chairman Chad Henderson, will fulfill the goal of creating a similar resource for the public in downtown Pensacola. “I think that building will be a great epicenter to come together, to exchange ideas, to

The lobby at the Studer Community Institute will feature a coffee shop, Pen Air Federal Credit Union Branch and ample room for networking.

The ground-floor meeting room in the Studer Community Institute building has space for up to 100 people. The Studers plan to make the space available to community groups and neigbhorhood associations for free.

listen to subject matter experts, to move forward personally and professionally, to help strategic initiatives like early learning and to help better the overall living environment of downtown Pensacola,” said Henderson. “I think it’s a great epicenter to do all those things.” The reimaging of the SunTrust building continues the trend of redevelopment that has swept downtown Pensacola in the last decade. One of the largest such projects to date, it is also one of the few to take place off of the Palafox Street corridor. While residential development has quickly spread to neighborhoods like Belmont-DeVilliers and the lettered streets from A to E, commercial development has been slower to venture from the heart of downtown. The Studers have sought to push development westward with the development of the DeVilliers Square building, the Maritime Place building at the Community Maritime Park, a forthcoming apartment complex in Belmont-DeVilliers and an ongoing attempt to convert the former Escambia County School District property at 215 W. Garden Street into an apartment complex. The Studers also own the massive former ECUA property just north of the Community Maritime Park.

“We love the fact that it’s sort of the next step of things headed west,” said Rothfeder. “Everything’s sort of happened on the Palafox corridor, we’ve done some stuff just east of the Palafox corridor, it’s like, where’s the west side love? Because we feel like that’s the next logical place; it’s time for things to start moving westward. We thought this was the perfect spot to start to pull some of downtown’s traffic this way.” Back in the lobby, a week after the rain had stopped, community leaders including Mayor Grover Robinson met with urban planners and landscape architects to discuss how to better connect the city’s waterfront assets to its neighborhoods and bustling downtown. They envisioned a future where the public could travel unhindered from Bayou Chico to Sanders Beach to Bruce Beach to Maritime Park and the foot of the Pensacola Bay Bridge. As the group batted ideas about bike paths and kayak launches back and forth across the ground-floor meeting room, it was clear: the new Studer Community Institute building is already serving its purpose. •

Business Climate 33

1. an amount of space between two things or people. Hess Realty Group will go the distance to secure your home purchase or sale. Call Sharon today and let’s close the gap between Point A and Point B!


406 La Rua Landing 4 bed | 3.5 bath | 2,700 SQFT Heated Pool | 1st Level Master Suite Boat Dock | Fireplace

Less stress with Hess since 1994! Sharon Hess Herrick Broker, MBA, Owner o: 850.477.7050 c: 850.341.1648 sharon@hessrealtypensacola.com

$1,395,000 MLS #542131 o: 850.477.7050 c: 850.341.1648 HessRealtyPensacola.com

t and NASP Flee


n a Transitio be holding (FFSC) will all service members to port Center Family Sup Fair is open IL. @NAVY.M The TAP Job

NAS Pensacola hosts Blue Angels Homecomi

AMP Rd). ail NASP_T (off Farrar t. 12 ... Fair OcS Classroom, Bldg. 741ion, call 452-7788 or e-m P Jobp.m . in the TGP . For more informat 2 FFSC TA bers 10 a.m. to family mem nsacola Oct. 12 at ) Job Fair spouses and NAS Pe en, retirees, Program (TAP

ng Air Show Nov. 2 and 3 ... The Navy’s Flight Demonstration Squadron, the Blue Angels, will close the 2018 season at their annual Homecoming Air Show onboard NAS Pensacola Nov. 2 and 3. Gates open both days at 8 a.m. and admission and parking for all shows are free. Areas will be reserved for the physically challenged. Food and memorabilia will be available at numerous concession stands. Pets and coolers are not permitted. Security personnel and signs will direct spectators to parking areas near the show site. For additional information on the show and reserved seating, go to www.naspensacolaair show.com.

Assistance , reservists, guardsm on active duty

ber 28,



dron g Squa Trainin rance Run th 9 5 3 b . U.S.A.F /MIA Remem OW hosts P

Vol. 82,




Vol. 82,

port www.gos

Demonstratio nsacola ho n Squadro sts Blue days at 8 n, the Blue Angels a.m Angels, will merous conc . and admission and Homeco close the 201 parking for 8 season ming Ai information ession stands. Pets all shows r and cool are free. Area at their annual Hom on the show ecoming Air Show No s and reserved ers are not perm v. 2 an Show onb itted. Secu will be reserved for seating, go d 3 ... The oard NAS the phys rity pers to www.nas Pensacola Navy’s pensacolaairs onnel and signs will ically challenged. Nov. 2 and Food direct spec how.com. 3. Gates openFlight tators to park and memorabilia both will ing areas near the show be available at nusite. For addi tional

No. 39

Vol. 82, No. 40

No. 41

SMEs criti cal


VISIT GOSPORT ONLINE: www.gosportpensac


Bells Across America toll at NASP October 5, 2018

Story, phot o by Ed Bark er Naval Educ Professio ation and Train ing nal Center (NET Development PDC) Publ ic Affairs behind but also to reinforce the


www.gos port

to advanc ement exa ms pensaco


October ly 12, 2018 mander n for the large t, (TYCOM ing in actio the even plication s) sified as miss lation attending sacrifices information for apTYCOM . Each ories of s student popu has re the mem from year t Reagh cation proc their own appl but to ensu ice members By Ens. Scott Reagh iedur By Ens. Scot Public Affairs serv “The know e. acola made by forgotten. Navy chie NAS Pensacola Public Affairs 24 NAS Pens ive nimportant ledg role service capt members Trai fs not e that our fleet (E-7 held are 359th play in defense of the nation. terested in shaping to E-9) in- view experts bring to of war are he said. bers of the 24-hour Pris- past the re“Prisoners 365 days a year,” wn day In association with Gold Star da Service mem “One of the primary reasons of their ratings are the future able s is irreplaceable n organize on (POW/ s a day, well-kno year, , it ens the exam serv need Mother’s and Family’s Day, we have the Gold Star ing Squadro /Missing in Acti . 20 to hour “This is a not as y s event ispert e as Subject Mat ed to relevant gnize ever Naval Air Station Pensacola’s to remember all who and identifieto remain ter Exoner of Warembrance Run Sept that we reco ted to start this chose toFisc s (SMEs) for upco with the ni(NASP) Fleet and Family Sup- serve their nation, who right skill s Sailors, ming MIA) Remthe Naval Air Tech and we wan (Sept. 20) and volun- al Year ) port Center (FFSC) hosted a tarily put on the uniform,” ment Examin 2019 Advance- for advancement,” s to select 21 around Center (NATTC run today for 24 hours to he Edu ation said it ning catio al Rev Nav Rea Nav Bells Across America for Fall- said. “Those service n and iews (AE al ance diness fessi cal Trai continue membersNav RRs). onboard e the vigil s onal Dev Training Proen Service Members ceremony are remembered and al Adm courtyard ion Pensacola symboliz elopment those POW honored, (NETPD Center sage (NA inistrative Mes C) Com Sept. 27 at the Aviation Memo- and they showed a love Air Stat and courage while held of their daily announce VADMIN) 221/ - Chief, ETNCM mand Master Air rial Chapel onboard NAS Pen- nation by being willing (NASP). must have 18 Prichard d the AER (SS) Greg 300 U.S. to serve. .” ule sacola. More than and Marine in captivity kers at the event It means a tremendous amount for October throR sched- a tang . “AERRs give ory y cember 2018 chiefs ible, ugh DeConducted Force, Navice members atGuest spea er POW retired concurrently to me for them to be remem. Based shaping direct input towa schedule, , form rd their on throughout mus Corps serv Vigil Run opended the United this States Dore bered commun and honored.” inclu ert participants bers wor AERR panel mem ly under the auspices of the Navy y Capt. Rob tended the y, with several of have a say ity – k as Flee Bells Across America istheir U.S. Nav officer who spent nearand an nin t SMEs - their reliefs Gold Star Program, Bells annual collaborative respectiv bers volu ing ceremon for AER need to what nam cept e effort ice mem circuits of the know. a radar inter captivity in Viet ng OpAcross America recognizes between U.S. military velop E-4 to E-7 ratings to de- sign R participation those serv duri instalwalk or run Sept. 20 through 2,800 days in is also adva ifica exams for captivity military service members who lations around the teering to rt future cycl ncement sume nt experience and a sed from Feb. 12, 1973, and worldchie from 3 p.m. andfs in an effo builder that was relea es. Navy ing rePendied while on active duty. The the Navy Gold Star courtyard . 21, taking shifts (E-7 has tential to Program, motion for eration Homecom Rivers, the NAS duty, Full to E-9) on activ benefit ever the pobell was tolled as the 124 Pen- an entity designed to 3 p.m. Sept POW/MIA flag in Mario Tim e f. thro e serve chie Sup the DCM y ugho the chief CM ut the Nav d master sacola, Florida-area service families of all who died and reservists on port (FTS) t from to keep Instrucevent. y.” ed to ejec AERRs on la comman Active Dut for acII Spec vary members’ the 24-hour ning Squadron es said saco mus, who was forc tom names ial were y read tive duty, regardless of branch in length tween Work as F-4 Phan Dore are enco , 359th Trai Matthew Barn te an io Rivaloud to honor their commit- of service or cause uraged to (ADSW) held one to two weeks and beonnell-Douglon Aug. 24, 1965 CM Mar Sgt. crea of death. . McD CMD thro in h only f his take Tech the are ughout the nam process ment and sacrifice. part ter Chie g the 359t tor ed to not The program provides to 000 U.S. over North Viet survivmand Mas their resp by reaching out most ratings being year, with 2 IA) flag durinin the Naval the event serv the nearly 131, Cmdr. Bryan Crittendon, ing family members with clasSP) Com ective Typ (POW/M reviewed run on page supSept. 20 e, awareness of sacola (NA sing in Action have been more on e ComSee POW NAS Pensacola command port, information and rance Run SP). U.S. Air Forc /Mis bers who Station Pen services and the Rememb the service mem (NA Naval Air the Prisoner of War See SMEs chaplain and event guest speak- for as long as they desire. Naval Air Station Pensacola (NASP) honored Chiefs from ners of war members clascircuits of onboard POW/MIA on page 2 the sacrifices of service members and their families ice ers carries adron-sponsored ) courtyard red to walk or run order to keep sified as priso er, said the somber occasion bank. Chie the latest Culinary Sept. 27 as part of the nationwide program Bells (NATTC Since 1936, the last Sunday in in Squ ntee 00 U.S. serv Across America. (Above) DC3 Sammy Cohen fs (E-7 to Training ing Center members volu t. 21, taking shifts hell pres- served not only to recognize the than 82,0 ents thegflag as bell ringer AN Cole Spaid, officials E-9) from Specialist Submar nical Train By Ed Bark and participants look on. Photo by Mike O’Connor every ratin ine s service , providin Greg Mitc 3 p.m. Sep Air Tech ems Corp by gh family to er ine members syst g are need AERR prepare of those throu left Mar t. Pho See Bells on Nava e while response page questions 2 ation ed for AER Sept. 20 l Educ our even Navy and for their holes in our services for all thos Rs. from 3 p.m. and Train for the 24-h the Prof on rating exam fill essio “Ou moti ing courtyard and in base r recent NCM nal Developm /MIA flag mander, y quality of base.” (NETPDC IS upgrades the latest the POW der, Nav a higher ) Public Affai ent Center is a Com the man s, upda include datard ario Com tes to man rs d scen Lt. the Developmen Bill, inclu John Laughrey ssed they are onbo event, CNIC and uators asseBy d (CNIC)now at 35 years. Every session of the exposure real-worl ding onlin the Post-9/11 GI t Center said. Comman the to people that have different a Warfare Training Command eval possible ) Information As ing e ions ugh of Every ackn Saturday Here RSE Dur part Tran starts allat off with the men- of the owle program typically draws between sferability are bilities thro theast (CN Navy Inst tion event. experiences and open their eyes to a tor having breakfast to idens Public Affairs software used to supp of Educatio dgement the NCM three things to Corryiciou Station SOU and (TEB) requ onse capa ding susp we need at the school. Region Sou ifica back resp Once know 40 to 60 staff n time cert and ort cy IS bone students agre Ben and and ed irem enha the the abou efits es to the , whole new world of possibilities the kids arrive, they functiona ents; Imp s us t ther instr t Reagh syllabus tests, inclu ’s emergen 1. Updated ncements: statement. College will they Nav lity of the the MyEducation er scenario rovements willyplay a different elementary school “CART gives in our training uctio had base of predetermined By Ens. Scot Public Affairs Program Post that they might not have other- games like kickball, to cess: , a gate runn Information App Beach Warfare Training Com- is chosen to the milC ns will guide the Furindividua y College may have acola put puzzlesNav series front gate at the Mustin together As announce-9/11 GI Bill Pro each time. The stul notificatio lication including tify our need mistakes we Virtual Edu website and NAS Pens Sailor ers, the wise known about,” ITC Bill and math relay races nce of the - connect.d onnect website (NCVEC sed Corry Station will kick cise any d in NAV ns to Sailo 236/18, all Upgraded (IWTC) cation Cen improvi throughout S) Pensact,” Burt Fent (https://m dents range from grades 3 the), the Navy . surveilla ter training exer bling of an mand ADMIN mdc.osd.mil/ to correct Sailors ilKelley, IWTC Corry Station’s morning. The biggest ment Info College Man ter er/Gradu Advanced Educatio rs; and a State shoo Station (NA emergency two day even cy manager said off another iteration of the Saturday to 5, and milconne weekend ment of Und are required to sign transfer benefits. of therma ing and disa rgen each student is asduring the Naval Air are a live and Saturday Scholars coordinator six-week program is continually tion System (NC age- GEV) ate Education Vou n Vouch- begin All Transfer ct/) to cal if we and the find acola eme Scholars cation Ben rity, fire icipatpage 2 Program at orientation in the signed their own mentor. This a trip to the the process erstanding (SOU) on MIS) is cher (AE Nation- updated. func NAS Pens the real deal is criti s for our Club of Eduefit (TEB ola’s secu departments part ent V/ GI to appr See CART Corry Station Chiefs Mess said. “The mentors truly care al Naval Aviation Museum. of transferri ) requests dard NCMIS progtionality,” Steve ent g for ssm Bill stan oved tomorrow, inin of Asse iteration’s ng l Edu by mus school Ram “Tra unus is here Montclair managem Navy Pers catio der’s ey, mem ed or Com about these students and dedicate a high leve r teams val Educatio ram manager for Oct. 6 at 9 a.m. onnel Com t be Comman “This is a great opportunity for Sailors (CART) bers. Onc n Benefits to fami mander, Elementary School, part of the Escamthe Naed in the to maintain mand n and Trai cy responde was to find Training e three ly logg to rgen Nav four hours and every Saturday ed Com y tion eme ss Corry for ning Station has the longest running bia County School to break the monotony of being on base Reserve into mand. Sailo and from the Professional e two days Forces District. of Readine . 26 to 27. security Navy Coll MyEduca- their six weeks to ensure that the student has rs can see over thes website, the Saturday Scholars Program in the U.S., physical goal Sept TEB ege and the e cise Our “The Prog statu students by P. at rativ these schools receive the best experience possible.” exer service mem logging into ram s of at NAS administ participants ber reviews milConne See Scholars on page 2 CART, an to provide ent involving ct. the designed See Navy environm exercise college on learning page 2 an in-depth

o-day ipates in tw cola partic NAS Pensa

RT) Training (CA iness and ent of Read r’s Assessm IWTC Corry Station to kick off new iteration Commande

Navy C ollege Program update s: Three

of Saturday Scholars

NASP Notes ...

U.S. Birthday Navy Ball .... The 243rd U.S. Navy Birthday Ball will be held Oct. 13 in bers the National Naval Aviation Museum onboard NAS service mem Pensacola. l Air StaNavy battle “Forged By The Sea” is the theme for 2018’s gala with ard Nava of the U.S. end, held6onbo p.m. cocktails members At series’and a 7 p.m. dinner. Attire is dinner dress whites ... ServiceSoftball Championship of(military) service. ell tie ches andMitch ionship black es equivalent (civilians). Hosted by Training Air os by Greg ll champ Men’s Armed Forc of teams from all bran r. Phot Wing Six Command. For more, go to https://www.facebook.c ists ts softba took silve the 2018 om/ Air Force ament cons s during pensacolanavyball. and NASP hos tourn Corp For tickets, go to https://www.accelevents.com/ -day Marine pions; Navy P). The three of the U.S. events/PensacolaNavyBall. ned cham receipt acola (NAS team were crow t Reagh NASP’s ugh s tion Pens nal By Ens. Scot off a thoro Marine Corp in the Natio ’s acola the U.S. Flu vaccines award caps command’s Oct. 13... Flu vaccines NAS Pens the will be heldforthe theme for 2018 are available at Naval Hospital Pensacola rs review of beneficiaries Birthday Ball The (NHP) a panel of Sea” is TRICARE Public Affai and black over the age of 6 months. Beneficiaries Navy by tary) on U.S. By d icati enrolled 243r to (mili Family Medicine “Forged orw. Internal Medicine should visit their team to s whites demy appl park and recreation Ball .... The NAS Pensacola. is dinner dresreceive to https://ww rican Aca a e go gvaccination day Navy without ll. an appointment Monday through Friday onboard The Ame d. For morflusaco er. Attire U.S. Birth eation five ssionals, each reco e laNavyBa 8 a.m. tion Museum and a 7 p.m. dinn Wing Six Comman from /Pento 3:30 p.m. Beneficiaries not enrolled to a Medical Home Port and Recr experienc m/events Air tails Naval Avia for Park PRA) profe the Pediatrics by Training 6 p.m. cock celevents.co Team or enrolled toover ration (AA Na- nized for their recreation the age ofClinics can receive the flu vaccine at the gala with (civilians). Hosted to https://www.ac Administ Immunization n Friday from 8 a.m. ficiaries Monday t through parks and go hip with the nal to 4 p.m. PaARE bene Clinic a flu vaccinatio TRICtients tie equivalen yball. For tickets, Park in in partners l and natio enrolled to receitovea NavalHom (NHP) for Branch e Port Heath Clinic should contact their clinic to eation and both loca lanav team ital Pensacola should visit their /pensaco tional Recr (NRPA) an- on a Medical of the 8 check to com on Hosp the availability l lled from vaccine. ook. NHP is holding a Drive-Through s. enro faceb Friday ble at Nava ies not nal Medicine throuatghthe Association al Air Station level P was one of four Flu Vaccine Clinic hospital Oct. 13 from 8 a.m. to noon. For more, ines are availaly Medicine or Inter 3:30 p.m. Beneficiar Clinic Monday of the vacNAS to award, ... Flu vacc availability . unization call 505-6257. to Fami nounced Nav SP) as the for the y from 8 a.m. 505-6257 check on the at the Imm Flu vaccines ficiaries enrolled (NA al finalists through Frida ve the flu vaccine contact their clinic to to noon. For more, call Bene ine Corps Pensacola day Med ths. Mar Mon mon out recei ld 6 onal Gold e in edging Clinics can appointment (MCAS) Fire Prevention Week is next week (Oct. 7 to 13). This h Clinic shou ital Oct. 13 from 8 a.m. 2018 Nati year’s theme is without an lled to the Pediatrics Naval Branch Heat Station Excellenc sthe hosp a “LOOK. LISTEN. LEARN. Be aware. Fire can happen anywhere.” Award for eation Man- Air uni, Japan; Port ine Clinic at Team or enro Patients enrolled to For a mesin Recr ugh Flu Vacc sage from Fire & Emergency Services Gulf Coast, see Gosport Park and Forces Iwakth Naval Shipyard a.m. to 4 p.m.holding a Drive-Thro page A2. (Armed is agement Sept. mou cine. NHP n category) anon page 2 Recreatio See Gold the NRPA a25 during Indi in erence nual conf

d awarde n nsacola tio NAS Pe tional Recrea ld go 2018 Na Association rk and Pa napolis, Ind. of the


ens NAS P

s ...


things to know


s ...

The fligh t deck of storied aircr Aviation Museum aft carrier . Pho NAS Pensacola Commanding Officer Capt. Christopher USS Nim Martin (center, seated) is joined by mili- to courtesy of itz will soon NNAM tary and community leaders as he signs a proclamation greet visito recognizing October as Domestic Violence rs at the Awareness Month. Photo by Mike O’Connor National

U.S. Birth day be held tomo Navy Ball .... The board NAS rrow, Oct. 13 in the 243rd U.S. Navy Birthday Ball gala with Pensacola. “Forged National Naval Avia 6 tion Museum will By The Sea” whites (mili p.m. cocktails and onis the them a Naval e for 2018 ing Air Wingtary) and black tie 7 p.m. dinner. Attir ’s equivalen t (civilians e is dinner dress com/pensaco Six Command. From Male ). For more lanavyball go to https Hosted by Trainrie Shelton com . For ticke /events/P Naval Avia ://ww ts, ensacola tion Mus nuclear-powe NavyBall. go to https://www.acw.facebook. eum Foundatio celevents. n Flu vaccines and lead ship red aircraft carrier ... Flu vacc ed by vario of her class (NHP ines ) be done in regard to stopping for The 200us shades are TRICARE The National foot flight . of gray. beneficiaries available at Nava enrolled to As one lica will be deck repdomesticMus l Hosp violence of Naval Fami and abuse over allAvia comprised representation the largest-scale receive a flu ly Medicine or Inter the age of 6 mon ital Pensacola together.welc eum (NNAM) will tion than 600, of more s of an from 8 a.m. vaccination without nal Medicine shou ths. Beneficiaries three-foot carrier ome mus soon aircraft ld visit their an to eumtovisit “It is aextremely critical un-ors with foot tiles and mor -by-three- visit flight deck in the team to Team or enro 3:30 p.m. Beneficiar appointment Mon custom-desig world, ors day through derstand that domesticned replica fligh individual piec e than 1,000 walk will see what it is Immuniza lled to the Pediatrics ies not enrolled to a deck of the USSviolence es like to tion Clinic Medical Hom Friday and abuse not just physical, Nimitz (CV t colors that matc in various one across the flight Monday throuClinics can receive holding a e Port 68). isThe the deck Drive N h of gh the -Thro of Frida Ame mark 8,800-sq but it viny realoften is extremely ugh y from 8 a.m. flu vaccine at the rica’s mos 13 from 8 ings on emouare-foot l-tile a.m. to noon Flu Vaccine Clinic t recogthe supercarrlife nizable sym ship. Nim tionaltured ing Lauat the hosp to 4 p.m. NHP is and mentalfloor bols . For more as well,” ier ing itz’s catap be feaital tomorrow , call 505-6257 along the will machinery. of peacekeepNAS Pens rie Darmofal, , Oct. victimeast . advocate side of the ing gear, jet blast ults, arrestmuseumalobb acola FFSC “We are defle Family Supp TAP Job Fair hatches and y – aAdvoca(VA) with the Family very excit ctors, this tribute to ort Center tomorrow ed to add hundreds impressiv (FFSC) will (TAP) Job Oct. 12 ... cy Program at NASP Fleet and the craft padeyes of aire be Fair exhi holdi NAS today, Oct. bit to the ng a Trans are all repre Bldg. 741 12 at 10 ition Assis P Fleet and Family Support Center (FFSC) sent(off active duty, Farrar Rd). The TAP a.m. to 2 p.m. in the tance Program See Nimitz Job reser TGPS Class on page 2 For more inform vists, guardsmen Fair is open to all servi room See DVAM on page 2 ce members , ation, call 452- , retirees, spou ses and on 7788 or e-ma il NASP_TA family members. MP@NAV Y.MIL.

USS Nim itz e Natio flight deck Domestic Violence Awarenessth flo nal Nav Month al Avia or replica at recognized onboard NAS Pensacola tion Mus eum By Ens. Scott Reagh resolve and commitment to NAS Pensacola Public Affairs

October is Domestic Violence Awareness Month (DVAM) and onboard Naval Air Station Pensacola (NASP) Commanding Officer Capt. Christopher Martin signed a proclamation during the third annual Community Response to Domestic Violence ceremony Oct. 2, addressing the Navy’s firm

ending domestic violence and abuse amongst Sailors and their families. Domestic Violence Awareness Month recognition onboard NASP began three years ago and was designed to honor important individuals both on and off the base who have done incredible work helping victims of domestic abuse. The ceremony and signing also highlight that there is still much work to


tment the Depar cted with ised. way conne es advert firm in no ts or servic hing, a privateement of produc er Publis by Balling hing’s endors Published or Ballinger Publis Pensacola

Opinio of the Navy.

ns contai

ned herein

are not officia

l expressions

of the Depar

tment of

the Navy

nor do the


nts consti

tute Depar

tment of

the Navy,


Published by Pensacola Ballinger Publis hing, a private or Balling er Publis hing’s endors firm in no way connected ement of with products or services the Department of the Navy. advertised.

Published by Ballinger Publishing, a private firm in no way connected with the Department of the Navy. Opinions contained herein are not official expressions Pensacola or Ballinger Publishing’s endorsement of the Department of the Navy nor do the advertisements of products or services advertised. constitute Department

of the Navy, NAS



herein are

not officia

l expressions

of the Depar

tment of

the Navy

nor do the


nts consti

tute Depar

tment of

the Navy,


Photo by Guy Stevens


Every one of us has an interest in the real estate market, whether we realize it or not. You may not be an investor, but you certainly live somewhere. If you own your home you care about the value of your property and the cost of repairs and renovations. If you don’t own, it’s usually because you either aren’t in a position financially or you have chosen to rent. Both options have advantages and disadvantages. I took the leap of interest in real estate when I first bought a home. Things that I never even paid attention to before now suddenly consumed me. Interest rates. Choosing a lender. Price per square foot. Choosing the right real estate agent. And I am just getting started. The housing market in the Pensacola region remained strong throughout all of 2018 and looks as though it will continue. Downtown availability is limited and prices continue to rise, making apartments a strong option to consider. The national trend concerning home ownership is really interesting, as millennials are drawn to leasing versus owning. They want to be able to pack up and leave for a few days and not worry about cutting the grass or wrapping water pipes. Apartments offer a type of freedom that ownership does not. Ownership is truly an investment that done wisely can generate long term financial rewards. » Business Climate 35

Trying to forecast what the real estate market will do is much like predicting the outcome of a football game. Anything can happen and crazy things do happen. However, like the Vegas oddsmakers, certain factors are carefully weighed and then you throw the dice. In football you consider individual size, past performance, physical condition and team support. In real estate, you look at historical trends, comps, demographics, and political climate. So, as we look into our crystal ball to see how the market will behave in 2019, keep these things in mind. The world of retail is in a state of flux. Amazon has changed the face of shopping forever, causing major market shifts. Big boxes, like Sears, are being repurposed for warehouses of online inventory. We are lucky in Pensacola because we have a good balance when it comes to retail. Downtown is a destination for more localized shops, which are in big demand for tourists and street traffic. The more “individualized” a city can make itself, the more popular it becomes as a destination. Palafox did not get recognized as one of the top ten streets in the US because of chain stores and franchises. Coffee shops, boutiques, luxury retail, local restaurants and bars and other unique concepts are the draw. Local government is responding by assessing parking, walkability, and aesthetic improvements to enhance the experience for shoppers and visitors. The growth will continue throughout 2019 with lease rates continuing to increase throughout downtown. 36 Business Climate

If you are considering selling this year, here is a bit of advice. Be realistic on pricing. Many agents will oversell the value to you in order to get the listing. Choose a reputable agent who will show you comparables and explain market trends to you.

The Cordova corridor will continue to attract smaller and mid-sized franchises that mushroom around successful malls. Premium rates are charged here as there is little open space remaining. Any business associated with healthcare will thrive in 2019. An aging population, outrageous obesity statistics, and growing health awareness of the millennials are the driving factors. Spend

an evening watching the Hallmark channel and observe what products are the focus of the advertisements. Good luck seeing an ad that doesn’t have anything to do with healthcare. We experienced several years where individual medical offices closed faster than any other segment of the market as the big hospitals bought up smaller practices, making them part of a conglomerate. Now we are seeing a proliferation of specialty centers, particularly urgent care centers. Again, part of the corporate healthcare giants, but necessary, nonetheless. Hopefully, you haven’t had the need to visit an emergency room lately. I just hope you aren’t in a hurry for care once you get there. While corporate “care” continues to usurp the industry, adjustments have to be made for at minimum accessibility. Watch for an evolution in healthcare once patients rise up in protest for personalized care. The Nine Mile Road area is exploding with growth. Commercial rates are still reasonable in the area, but not for long. Even residential costs are experiencing significant growth. Nature’s Trail residential community was ahead of its time and was almost “country” when it began. Not so now. Navy Federal Credit Union has changed the landscape of that part of Escambia county, so much so that eventual incorporation could be on the horizon. Interest rates continue to inch up ever so slightly, but certainly impact the market in many ways. Buying will

slow down and sellers, out of frustration, will be forced to adjust prices in order to compete for limited dollars. If you are considering selling this year, here is a bit of advice. Be realistic on pricing. Many agents will oversell the value to you in order


The Servis 1st Bank building on Garden Street is among several new Class A office buildings in downtown Pensacola.

Photo by Guy Stevens

to get the listing. Choose a reputable agent who will show you comparables and explain market trends to you. Location of a property is paramount, but with fair pricing, most property will move. Some have unique challenges, requiring extra time to sell. But the standard is that the longer it

is on the market, the more chance that interest in it will wane. Price accordingly. Once you list the property, communication is critical. Your agent should share activity with you, but this is a two-way street. Tell your agent upfront what kind of reporting

you would like. Weekly? Monthly? Email? Phone call? In conclusion, we have not experienced the highs and lows that many cities face with their real estate. But there is nothing wrong with even stability. Pensacola continues to be a good place to invest

and a good place to live and do business. Hot pockets in 2019 will be downtown, Cordova and Nine Mile Road. All have unique community character and plenty to offer. • DeeDee Davis is a commercial Realtor with NAI Pensacola specializing in office, retail and investment properties. Business Climate 37

Demand for rental units near downtown has never been higher. The Southtowne Apartments were fully leased within weeks of opening.

38 Business Climate

Photo by Bara’ah Jaraiseh

RESIDEN T I A L RE A L ES TATE OU T LOOK 2019 by Eric Mil s tead

S e n i o r R e s i d e n t ia l R e a l E s t a t e B r o ke r w i t h F l o r i d a ’ s To p Pr o p e r t i e s

Northwest Florida experienced a surge in home sales in 2018 and is set for another record year. As the population of Escambia and Santa Rosa counties continues to grow along with the new and higher paying jobs coming online on a constant basis, the housing market will feel the impact with increased pricing and lower inventory of available homes. The entrance of young entrepreneurs returning to and staying in Pensacola with the desire to invest in the community will drive growth and retain our young talent

that will need housing. The desire to live, work and play in a beautiful coastal town that has offerings from festivals to opera has made the the area a destination buyers want to come to regardless of employment. The trend of buyers choosing a destination to live and then finding employment in the area has become quite popular with new residents moving to the area. In addition, many remote workers are choosing the area because they can work from anywhere, so they land in the Panhandle because of the great quality of life.

Many types of housing are in high demand in the the two county area. New construction, move-in-ready fully renovated, rental and downtown homes top the list for many home buyers in our community. Of course location balanced with affordability still top the list for most buyers.

housing with deposits and signing leases site unseen, a practice we only see in a very tight market. Increased wages and availability of jobs has motivated younger tenants to move out of the nest and express their indepedence, another driver of the tight rental market. As a result of the tight market and sharp rise in rental rates, more tenants are making the move to home ownership. Average rent in Pensacola will afford a buyer a starter home in many popular neighborhoods. Coupled

Demand for rental units is at an all time high in the Pensacola Metro area. The average rent range for apartments is $733 for a studio, $1,120 for a three

bedroom according to RentCafe’. The average rent for studios, one and three bedroom units has stayed about the same over the past twelve months while two bedrooms units have drawn an average of a three percent rent increase. Inventory of available rental properties is at an all time low. Move-in-ready nicely maintained homes and apartments in a desirable location average just a few days on the market. Many potential tenants moving from out of town are securing

with a first time home buyer loan program that does not require a down payment, a starter home can be purchased for less than the price of an apartment. A lack of rental inventory and higher rents will continue to push the sale of homes in 2019. The urban core of Pensacola and close proximity to the downtown core continues to enjoy high demand and one of the highest per square foot prices in the region. Homes and condos are selling for close to $300 per square Âť Business Climate 39

Source: RentCafe

Demand for rental units is at an all time high in the Pensacola Metro area. The average rent range for apartments is $733 for a studio, $1,120 for a three bedroom according to RentCafe’.

foot for upscale properties within blocks of the Palafox Place corridore. Growth to the west of the Palafox corridor has quickly progressed with infill housing selling for $150 to $175 per square foot. The completion of the new Corrine Jones Park, the success of the waterfront stadium and the waterfront amphitheater have made the area to the west of Palafox a nice option for home buyers.

40 Business Climate

The opening of Bruce Beach and the potential development of the old ECUA property will continue to attract buyers to this area. An upswing in attached townhome living has emerged downtown offering more amenities like garages for a price lower than a single family home. Attached living offers the convenience of living downtown without the maintenance of a single family home. These type of

properties will continue to grow in demand as many buyers are looking for low maintenance living options. Downtown living is currently attracting buyers of all ages. From growing families to empty nesters, demand is high among those who want to be close to the many events and activities downtown has to offer. As we continue to see the growth and success of the entertainment district of downtown Pensacola and the desire of many from all age ranges to live in a walkable viberant area, the downtown demand for housing will continue to be strong. According to Zillow the average listing price in the area is $224,000 for a single family home. In addition we have seen interest rates drop below 5 percent over the past 60 days. At 4.5 percent APR on

a 30 year fixed rate loan with a 20 percent down payment, principal and interest on the average listing price would be $908 per month. This gives the homeowner a payment well below the average rent for the area. Interest rates are positioned to be raised approximately a half of percent over the course of 2019. This raise would increase the principal portion of that payment by approximately $75. We will see pricing balance with the interest rate increases. If rates do increase it will likely put pressure on those considering buying to move forward and make a purchase. Rate increases can also discourage sellers from moving if they feel it’s not worth paying a higher interest rate on their new home loan. If sellers decide to stay put, we will see lower inventory as well.


Source: RentCafe As interest rates climb, prices will stabilize and have less room for growth. At this point a modest 3 to 5 percent increase in home values across the board is very possible. Higher increases in value can be expected in high demand areas with low inventory. The growth in population and low unemployment will continue to drive the housing market in 2019. North Escambia County will continue to be the area of greatest growth with the highest concentration of new homes being built. New homes start at $196,900 for a three bedroom two bath home with approximately 1,500 square feet of living area. Homes are mostly being built on smaller “patio” size lots. Smaller lots attract buyers that want less yard to maintain. Building on smaller lots also keeps

the price more affordable. With the continued growth of the Navy Federal Credit Union complex, the progress on the Beulah Beltway, and the convenience of the I-10 corridor, the area north of Nine Mile Road will remain a desirable option for many home buyers. Pensacola has become a destination for many to live, work, and play. Pensacola offers theater, opera, ballet, minor league sports, art galleries, a historic village and great festivals. In addition to a thriving entertainment district. The big town activities with a small town feel attracts and keeps people in the area. With the addition of many new jobs, our area will continue to grow, pushing the need for additional housing units.

Northwest Florida is set up for another record housing year in 2019. Rentals, new construction, and existing home sales will all be in high demand. Interest rates are still low enough to support prices and makes homeownership affordable for most. Population growth, low rates, a strong economy and more first

time home buyers entering the market will support a strong year for the area housing market. • Eric Milstead is the Senior Residential Real Estate Broker with Florida’s Top Properties. He has helped buyers and sellers with their real estate needs for over 20 years.

North Escambia county will continue to be the area of greatest growth with the highest concentration of new homes being built. New homes start at $196,900 for a three bedroom two bath home with approximately 1,500 square feet of living area. Business Climate 41

AROUND THE REGION Governor Ron DeSantis Announces the Appointment of Clay Ingram as CEO of Volunteer Florida Governor Ron DeSantis has appointed Clay Ingram as CEO of Volunteer Florida. “I am happy to announce the appointment of Clay Ingram to lead our state’s volunteer efforts as CEO of Volunteer Florida,” said Governor DeSantis. “Between his leadership in the Florida Legislature and his advocacy for the Pensacola community, this was an easy choice. I know Clay will make Floridians proud and lead the agency with the utmost integrity.”

Clay Ingram is a Pensacola native, having served in the Florida House of Representatives from 2010 to 2018. In addition to his legislative duties, he has also served as President and CEO of the Greater Pensacola Chamber of Commerce since 2015. Very active in his community, Clay is a member of Gonzalez United Methodist Church and serves as a board member for Big Brothers Big Sisters of Northwest Florida, United Methodist Children’s Home of Northwest Florida, Achieve Escambia and the Florida State University Alumni Association. He graduated from FSU with a bachelor’s degree in general communication in 2000.

Mississippi Blues Trail Honors Belmont-DeVilliers The Mississippi Blues Commission honored the legacy of the Blues in Pensacola, Florida with the unveiling of a Mississippi Blues Marker - part of the Mississippi Blues Trail. In 2003, the Mississippi Blues Commission was created to promote the understanding of blues history, primarily by installing Mississippi Blues Trail markers across the state to identify significant contributions to the Blues’ musical heritage. In 2006, the first handful of markers was installed. Now there are just over 200 markers, giving blues fans - or casual travelers - a scavenger hunt of music history. The sites run the gamut from city streets to cotton fields, train depots to cemeteries, radio stations, historic homes and clubs to churches and cover most of Mississippi along the Delta, reaching out of state for an additional 16 reaching from Chicago, Illinois to Pensacola, Florida. The Pensacola marker, Marker No. 203, will be the second marker recognized in Florida. Jim O’Neal is research director and lead writer with the Mississippi Blues Trail historical marker project and a founding editor of America’s first blues magazine, Living Blues. His articles and photographs have appeared in Rolling Stone, the Chicago Tribune, the New York Times, Down Beat, and many other publications. Additionally, he has helped organize a number of blues festivals in and has worked as a record producer, film consultant, and tour guide O’Neal has been chairman of

42 Business Climate

the Blues Hall of Fame selection committee for the Blues Foundation in Memphis since being inducted into the Blues Hall of Fame in 2002. The Belmont DeVilliers Neighborhood applied to the Commission for a marker based on the rich musical history of the neighborhood spanning a number of decades. Once the application and documentation were submitted, the application went before the Commission for consideration. Once the Commission determined the significance of the site, the application was then turned over to scholars for further research and documentation. After the year-long process, the Commission voted unanimously for a Blues Marker at the intersection of Belmont DeVilliers. The marker will recognize Pensacola, as an important early center of blues, ragtime, vaudeville and jazz activity, which developed into a regional cornerstone of the “chitlin’ circuit” in later years. Touring blues, jazz and rhythm & blues acts and local bands found a welcome base here in the Belmont-DeVilliers AfricanAmerican business and entertainment district for several decades. Mississippiborn performers such as B.B. King, Junior Parker and Sam Cooke contributed to the vibrant nightlife in the neighborhood’s theaters and clubs. The Belmont DeVilliers neighborhood served as a stopping point for touring musicians and a place where local musicians could develop. Additionally,

The marker also recognizes the work of those in the neighborhood that help to foster the growth and appreciate of the blues through their commitment to the neighborhood including Gussie Streeter of Gussie’s Record Shop and Abe Pierce Sr, of Abe’s 506 and Savoy Ballroom. The ceremony will featured a dedication from the Director of the Mississippi Blues Commission, Kamel King, Sentor Terry Burton (MS), Mayor Grover Robinson, County Commissioner Lumon May, Steve Hayes of Visit Pensacola, and Eddie Todd of Belmont-DeVilliers Neighborhood Association. Additionally, neighborhood leaders will be recognized including Gussie Streeter of Gussie’s Record Shop (currently Five Sisters Blues Café), the Pierce family (Abe’s 506, Savoy) and many more. At the conclusion of the dedication and unveiling, the Belmont All-Star band will perform a live music jam session at the intersection featuring performers from the past including Vivian Lamont, Earnest Stanberry and others. The Pensacola Blues marker is located at the corner of Belmont and DeVilliers streets. This is at Five Sisters’ Blues Café, the former site of Gussie’s Record Shop and the historical African-American business entertainment district. The entire Mississippi Blues Trail is self-guided and available on an app as well as in a printed version and on Google Maps.

AROUND THE REGION Hayward Named Andrews Research & Education Foundation President Ashton J. Hayward, III begins serving as president of the Andrews Research & Education Foundation (AREF) effective January 7, 2019. The leadership of AREF selected the former Pensacola mayor to direct the AREF’s efforts to fulfill the mission of being an international leader in bringing new and groundbreaking solutions to sports medicine through research and education. “Hayward’s visionary leadership and resultoriented mindset will help AREF continue to advance the prevention, treatment and rehabilitation of athletic injuries and enhance human performance and quality of life for people of all ages,” said James Andrews, M.D., founding partner and president of the AREF Board.

Hayward joins AREF from the City of Pensacola where he served as mayor for the past eight years. “I am honored, humbled and excited to take on this role with the Andrews Research & Education Foundation,” said Hayward. “I deeply believe in the Foundation’s mission to help improve the quality of life for people and professionals all over the country. I look forward to ensuring that AREF is the definitive destination for advancements in sports medicine.” In addition to leading edge research and evidence-based education, AREF supports doctors and scientists through fellowships, scholarships and grants. The Foundation also facilitates the Eagle Fund, an important

program providing world-class care to hundreds of America’s special operations warriors who have been injured. As mayor, Hayward managed a city staff of nearly 800 team members and a budget of more than $200 million. Hayward’s guidance was integral in economic development initiatives that have created a culture where businesses can grow and thrive in Pensacola. His advocacy efforts with community and state partners resulted in streamlined operations, reduced crime and improved city services. Prior to serving as mayor, Hayward worked in New York City for AT&T Corporation and the Financial Times.

Andrews Institute Welcomes Orthopaedic Surgeon, Anthony J. Brothers, M.D.

FloridaWest Welcomes Jeff Dyer Director of Workforce Innovation

Andrews Institute for Orthopaedics & Sports Medicine is proud to announce that orthopaedic surgeon, Anthony J. Brothers, M.D., has joined its team of experts. Dr. Brothers will continue to serve patients in the Crestview, Destin, Fort Walton Beach, Navarre and Niceville communities. He has clinical interests in sports medicine, orthopaedic trauma, joint replacement surgeries and minor hand and wrist procedures.

FloridaWest is pleased to announce our new Director of Workforce Innovation, Jeff Dyer. In his role, Jeff will work with employers in our region to help recruit and create a welltrained, diverse, target industry workforce to attract new employers to the community, meet the skills-training needs of our residents and support existing industry as out-lined in the FloridaWest/PEDC Five-Year Strategic Plan.

Dr. Brothers earned his medical degree from Uniformed Services University of Health Sciences in Bethesda, Maryland, and completed his internship in general surgery at the David Grant Medical Center in Solano County, California.

Jeff Dyer is originally from Baxter, Tennessee and a graduate of Wayland Baptist University where he received his degree in Corporate Training and Development. He has more than 20 years of workforce development and personnel/human resource management experience. Jeff comes to us from CareerSource Escarosa where he was the Program Manager for Business Services. In this role, he assisted local and regional businesses with their Workforce Development and Human Resource needs. Prior to his promotion to program manager, he held several positions at CareerSource Escarosa including Business Services Representative and Instructor of Employability Skills Workshops. Jeff has also

As a member of the United States Air Force, Dr. Brothers became a flight surgeon at Cannon Air Force Base in New Mexico, and then completed his residency in orthopaedic surgery at University of California, San Diego in San Diego, California. During his 24 years in the Air Force, Dr. Brothers served as Chief of Orthopedics as well as Chief of Surgery, was deployed to Afghanistan twice and received two Army Commendation Medals.

been a Training and Development Manager for two large manufacturing companies. Jeff also served 22 years in the United States Air Force as a Signals Intelligence Analyst/ Manager. In addition to his stateside and overseas duty station assignments, he spent 8 years as an instructor and instructor supervisor at the Joint Service Signals Intelligence Analyst course at NTTC Corry Station, Pensacola. He is married to his high school sweet-heart and has two sons, one of which lives in Pensacola while the other lives in Texas. Jeff enjoys golfing and outdoor activities. “Workforce Development is often the number one factor when businesses choose to locate in a community or expand their existing operation,” said Scott Luth, FloridaWest CEO, “ FloridaWest is excited to have Jeff Dyer joining us in that pivotal role. With our partners CareerSource Escarosa and Achieve Escambia, he will work with employers to understand their resource needs and connect them with available training, education and employment programs.”

Business Climate 43



Todd Torgersen, CHC President

Anna Barbee Causey Vice President

BENEFIT SPECIALISTS • Health Reform • Personalized Service • Results Focused • Client Driven

Please call us in advance of your benefits renewal for a consultation.

850.433.9996 2704 N 12th Ave Pensacola, FL 32503

Cherie Meguess Account Executive

Courtney Peterson Account Executive


31, 2016


Benefit Advisors for:

Florida Blue is an Independent Licensee of the Blue Cross Blue Shield Association

Reid Torgersen Account Executive

Charles Walden Account Executive

Monica Bobe Account Executive

DEADLINE: MARCH 15, 2019 bbb.org/nwfl/torchaward

ON THE MARKET A Real Estate Section

3 Tips to Create Your Dream Closet Page 54

In This Section By the Numbers: A Looks at December’s Market Highlights page 46

Add a bathroom to an ‘impossible’ space to catch home buyers’ attention page 53

5 ways to create an inviting room using tile page 48

4 Steps for DIY Paint Project Success page 56

Business Climate 45



Median Sale Price

69 Avg. Days on Market

Monthly Sales



Quarterly Sales

MARKET HIGHLIGHTS December sales slipped two percent from November and 14 percent from last December. 46 Business Climate

Fourth quarter sales were down four percent compared to the same period last year, however total sales for 2018 were up four percent over 2017.

At $198,900, median sale price continued to hover around the $200k mark.

Average days on market (DOM) edged up four days to settle at 69 for the month..

There were 175 pending sales at the end of December.

Information courtesy of Pensacola Association of Realtors

Pennacle Properties

Residential & Investment Real Estate Over $90 million in sales since 2001. Combining today’s technology with yesteryear’s good old-fashioned customer service.

QualIty Over QuantIty

tanI GODFrey, realtOr® Broker/Owner Pennacle Properties Inc.

850-723-8140 tani@pennacleproperties.com PennacleProperties.com

For 27 years, Adams Homes has built a reputation based on exceptional quality at an unbeatable value. Contact us today to learn more about communities in your area and see what makes the Adams Homes Difference!

Find your dream home in these areas served by locally managed offices!

Pensacola Area 850-469-0977

Milton & Crestview 850-626-1961

Gulf Breeze to Freeport 850-842-4884


ways to create an inviting room using tile

Today’s tile trends extend so far beyond their traditional use as a staple of bathroom design that you may not recognize them. While once the most attractive and innovative tiles had to be imported, contemporary handcrafted tile and stone products for home design are now being made right here in the United States. Homeowners and interior designers alike are always seeking distinctive visual touches to make each home special. Here are five ways tile design can enhance a room. Elevate small spaces. Use tiles interchangeably to create a unique design. The Ann Sacks Radius Collection by designer Barbara Barry has five distinct modular designs that can be used independently, or combined to create patterns to delight the eye. Creative use of a variety of tile shapes like these can easily elevate small spaces such as baseboards, fireplace surrounds or backsplash areas in a kitchen. Make a color statement. Whether you choose a single color or mix colors to create a pattern, the choices can overwhelm. “I enjoy the soft juxtaposition of watery blue tones, soft green tones and the neutral colors of gravel,” explained Barry. While Barry is known for her love of soft colors, you may choose colors that best complement elements already in the room. If you’re not working with a designer, consider traditional complementary color pairs when making decor choices, such as red-green, blue-orange or yellow-purple.

48 Business Climate

Create a calm mood. The latest trends in interior design reflect the desire for homes to be sanctuaries. Inspired by the clean lines, appropriate scale and exacting proportion prevalent in Midcentury Modern architectural design, Barry describes her collection as “soft modern, defined by a curved edge for a sensual feel,” Barry adds. “In this busy world, I want to come home to calm rooms and quiet spaces.” Choosing colors, lines, shapes and scale with simplicity in mind can help contribute to a feeling of calm. Personalize your space. Find what appeals to you, and work with a designer or manufacturer who can meet your requests. In her collection, Barry provides tools for consumers or designers to customize patterns. Designed to spark the imagination, five distinct patterns in varying scales punctuate interiors with personality. Smaller manufacturers can personalize your project with their flexibility, customizing color choices and resurrecting a retired pattern or color, or even by recreating tiles present in a home refurbishing or renovating project. Make your space your own. Create visual interest. Choose different textures through materials like wood, glass or tile to break up an otherwise ordinary surface

in a room. Radius is available in all Made by Ann Sacks matte and gloss colorways, which can be installed as a singular color statement or mixed to evoke a unique, personalized design, whether to create a captivating statementmaking wall or to cover an entire floor. The choice of tile adds a textural element to a room that can’t be duplicated by any other material. Ann Sacks fell in love with tile while on a family vacation to Mexico when she was 13, and later used that passion to create a business inspired by those Mexican tiles. She hired gifted artisans to grow her business into a true American success story. Ann Sacks, founded in 1981 in Portland, Oregon, draws talented craftspeople to create inspiring designs in tile, stone, plumbing, lighting and accessories. These creations are traditional in terms of craft, but aligned with contemporary design trends. Today, the company includes the work of 15 designers. Whether you choose to use tile in a more traditional way in your bath or kitchen, or to elevate another space inside a home with a more innovative style, use a customized design and select colors to create a unique environment anyone would want to call home.

Sydnee Johnson Going above and beyond to find your next home. SYDNEE JOHNSON Realtor 22A Via DeLuna Pensacola Beach, FL 32561 sydneejohnson.cbintouch.com (850) 712-6772 Cell sydnee.johnson@floridamoves.com Follow me on

©2017 DBA. All Rights Reserved. DBA fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Join - Connect - Grow

l HANgOuT MusiC FesTivA iMOgeNe THeATRe sTeve eARle PReCuBeD




MARCH 1, 2019

Demystifying Cryptocurrenncy and

IHMC and NASA develop the next generation of exercise equipment

UWF Conference Center, Pensacola, FL Free conference featuring successful women in leadership including:

Arianna Simpsomoney the future of


STATE ofTECH also in this issue


buSinESS ClimATE


on THE mArkET e a real estat section

Becca Boles

Emily Ley

Dr. Grace Torres-Hodges

Kristin Longley

King Content ist creato rs Local conten


logy, Innovation, Technorking Netwo Entrepreneurship and

2018 september

m agazine.co • pensacolam

Stacy Keller Williams

Hosted by

Executive Mentor Program

Artists Working Together

850.474.3239 | executivementor@uwf.edu





Bare Hand Collective Creates A New Space For The Arts Community


EmErgin Artists g LOCAL ARTISTS

For more info visit uwf.edu/womeninleadership.









Ft. Pickens 3:20 am

explore Pen t in a Different ligh

First time Home Buyer specialist

Did you know home ownership is the #1 thing you can do to create long term wealth?

Small Towns, Big Charm. re

Art · history · Cultu

+Receive. Rehab. Also in : this issue



Release. sanctuary the Wildlife a of northwest Florid






CALL ME To Find Out How You May Be Able To Move In A Home With NO MONEY DOWN.

Simone Sands, Realtor ©, CRS Berkshire Hathaway HomeServices PenFed Realty 17 West Cedar Street, Suite 2, Downtown Pensacola cell 850-293-2292 | office 850-434-2244

MAY/JUN 2018


BoBBi godwin 850.572.1668

jenny smith 850.572.5424


north hill



stoneBrook VilAge-PAce $299,900 court oF north hill neAr downtown


315 w desoto st

3275 coBBlestone dr

3 BR+office / 2 BA / 2,632 SQ.fT. mls 544566 4 BR / 3 BA / 2,655


2357 Bur oAk dr

3 BR / 2 BA / 1,704 SQ.fT.


$194,900 northeAst

529 north sPring st mls 547946


2080 curry cir

mls 546290 3 BR / 2 BA / 1,014 SQ.fT.

3 BR /4 BA / 2,720 SQ.fT.

north hill new construction

15 w strong st

mls 542577 covingTon PlAce TownhomeS

Low StreSS reaL eState

2107 Airport Blvd. Pensacola, Fl 32504

— CaLL uS for a SampLe!


KATHY TANNER 850.982.0755

KELLEY AMOS 850.417.5779

mls 545010

MICHELLE CURRY 850.221.8795

Stunning and SpaciouS Sound-front Beauty 5 Bedrooms | 3.5 Baths | Stunning Beach | $1,399,000 39 e galvez court pensacola Beach, fL 32561

Tanner realTy of nW fla, llC 421 e. ZaragoZa ST. PenSaCola, fl 32502 “In The Heart of Old Seville Since 2003”


dAn lAwrenCe, Broker Dan Lawrence, Broker 1313 Creighton road Pensacola, fl

Better Homes and Gardens Real Estate | Main Street Properties P: 850.232.2815 & Pensacola, 850.393.5336 1313 Creighton Road Florida e: dan@lawrencehometeam.com (850) 232-2815 | (850) 393-5336 850 912-4123

18651 Brotherhood dr Seminole, Al 36574 6 Bd | 4 BA | 3,462 Sqft $390,000 | mlS # 541884

large Custom home a short drive (12-18) minutes to navy federal. this home features six bedrooms and 4 baths with 3462 Square feet of living area. Geo thermal unit is an energy saver. A full sixty foot front porch to enjoy morning coffee or evening quiet time. home is on a little over two acres with the ability to purchase more property should it be needed or wanted. this is a gem of a home located in a secluded quiet area of Seminole, Al. it is a must see to be appreciated.


If your home is built with a basement, bathroom additions can be problematic due to concrete and existing plumbing limitations. Above-floor, macerating plumbing is a smart solution for fast, cost-effective bathroom additions in lower-level rooms. Now you can highlight the comfortable living space and make it feel like a true entertainment center or like home to prospective buyers.

Historic homes

Add a bathroom to an ‘impossible’ space to catch home buyers’ attention When it comes to real estate, you’ve probably heard kitchens and bathrooms typically sell houses. While you may not have enough money for a kitchen remodel, adding a bathroom can be a more affordable way to enhance your property and catch buyers’ attention. By adding another bathroom to your home, you immediately increase your chances of the property getting noticed. Technology makes it simple for buyers to search properties of interest by their designated criteria. One of those is “minimum number of bathrooms.” By adding to that amount in your listing, you’ll be getting in front of that many more potential buyers. Bathrooms increase a home’s value and add to its functionality - both elements that buyers desire. Homeowners can begin to research opportunities to add bathrooms to their properties presale. This often means enhancing basements, garage slabs and other spaces that can be more difficult for contractors to add plumbing systems with conventional in-floor drainage. If you have a space that would be ideal for a bathroom but appears to be impossible due to the need to break through concrete or other types of flooring, there’s another solution to consider: above-floor, macerating plumbing systems. Developed a half century ago in Europe, these systems are still relatively unknown in the United States; however, they offer a vast opportunity for homeowners. Macerating systems from makers like Saniflo reduce waste and paper from the toilet and send it under high pressure through piping directly into the septic or sewer system. No waste is stored, and

the systems are low-cost compared to traditional plumbing. Systems are discreet, quiet and open the possibilities of affordable additions in less time. Learn more at Saniflo.com. If you want to add a bathroom to prepare your home for resale, don’t be limited by the seemingly impossible. Here are five “impossible” home improvement scenarios where above-floor plumbing may be the solution

Main floor on-slab construction

Owners of slab-built homes may hesitate to cut into the concrete foundation in order to accommodate conventional plumbing. No matter how careful a contractor is when cutting into concrete, a variety of problems can arise from unexpected obstructions to poor-fitting patches and even stress cracks. Above-floor plumbing systems eliminate the need to cut into the slab, so integrity isn’t compromised.

Opening walls or floors to accommodate piping may jeopardize important historic elements, such as original wood flooring or plaster walls. Systems like Saniflo’s macerating toilet and plumbing technology eliminate the need to cut through a floor to install new drainage, while minimizing the impact on walls as well. The system also fits easily into small areas like a closet or the dead space behind a stairway, meaning homeowners don’t have to compromise the flow of their historic homes to add a bathroom.

Raised homes

Bayou and beach towns often boast charming raised homes. Adding a bathroom to the lowest floor of a raised home can be problematic; conventional plumbing pipes may detract from the aesthetic value of the space beneath the home, which is often used for car ports, porches and decks. Above-floor plumbing eliminates the need for unsightly pipes, so you can make a great first impression to potential buyers.

Warehouse rehabs

In cities across the country, warehouses have found new life as condos and apartments. The problem is heavy brick construction can make adding traditional plumbing difficult. Abovefloor plumbing eliminates the need to cut into or remove bricks, and allows renovators to install attractive, cozy bathrooms in smaller spaces. Imagine how upgrading a one-bath condo to a property with two bathrooms will enhance resale. If you’re preparing your home for the current real estate market, you want it to stand out. An extra bathroom can help you do that and attract high bids from buyers. Thanks to above-floor macerating plumbing systems, the possibilities are endless.

Business Climate 53

3 Tips to Create Your Dream Closet If you’ve ever opened your closet doors and been depressed by what you see, it may be time to rethink your closet. In fact, according to a One Poll survey on behalf of ClosetMaid, 57 percent of women admitted having an organized closet would make finding what they’re looking for faster and easier while 3 out of 10 said an organized closet would make mornings less stressful. However, treating yourself to your dream closet and introducing a new level of organization can help alleviate those worries and provide a fresh perspective. To get started on your closet makeover, consider these tips: 54 Business Climate

Assess Your Needs

Before diving headfirst into a full-blown closet makeover, start by assessing any budgetary constraints as well as the physical aspects and size of your space. Determine your ceiling height and available wall space to give yourself a feel for what your area can accommodate; you may even want to consider converting an adjacent room into your dream closet. Remember to account for any sloped walls and whether you prefer a simple reach-in closet or a more elaborate walk-in. Once you’ve determined your preferences and completed your measurements, turn to your wardrobe to assess whether you need more hanging space, shelving, shoe storage, accessory drawers or something else entirely.

Make Your Dream a Reality

Whether you’re a motivated DIYer intent on completing the project yourself or would prefer to work with a team of designers and professional installers, there are plenty of options available to bring your dream closet to fruition. One closet system to consider if you’re seeking a completely customized, designer-inspired

space is ClosetMaid’s MasterSuite 27th Avenue collection. The professionally installed line can be cut to nearly any configuration and offers a range of matte and premium wood finishes, three drawer styles, elegant hardware options and high-end accessories, allowing you the design freedom to ensure the features and aesthetic match your vision for the space.

Customize Your Space

No closet is complete without some personal touches. Make your closet work efficiently with some luxurious organization accessories such as jewelry trays, shoe shelving, wire baskets and drawers, sliding mirrors, valet rods, scarf racks and more. Once you have the necessary accessories and hangers, set up a systematic flow by using the zone principle. Keep frequently used items in prime real estate, accessories within reach and tuck away those rarely used items. With your dream closet complete, the only thing left to worry about is keeping it in tip-top shape. For more closet makeover tips and solutions, visit ClosetMaid.com.


Steps for DIY Paint Project Success

Painting is one of the easiest and most impactful DIY projects for homeowners to quickly update their homes. Whether it’s a new look in a master bathroom, adding a pop of color to the guest room, finishing off a basement remodel or anything in-between, a fresh coat of paint provides a fresh spin that’s all your own.

To make your painting project go smoothly, consider following these important steps. Take this task list from the experts at Purdy Professional Painting Tools into account before diving in to your DIY painting project.


Having a final design in mind before starting your project can help you plan. From the obvious wall color to more intricate details like 56 Business Climate

painting trim, doors, the ceiling and more, starting your project with a plan can help you avoid multiple trips to the store. Remember, the details are important: incorporating the correct types and sheens of paint, using complementary colors, buying the proper amount of paint and more.


Part of the planning process includes ensuring you have the proper tools for the project. A paint brush, roller cover, roller frame, paint tray and extension pole are the basic essentials for your project’s success. From step ladders and putty knives to wood filler and drop cloths, it’s crucial to have everything you need. However, keep in mind that not all tools are created equal. For example, when you use a high-quality paint brush, you’re more likely to paint straight lines when cutting in to corners and walls. You may also notice a much smoother finish, one without unsightly brush strokes, which means a more visually appealing result with less effort, too. One option is Purdy Brushes, which are specially designed and hand-crafted to ensure you get professional-quality results every time. Find a tool selector to help you find the best brushes, roller covers and painting accessories for your project at purdy.com.


Proper planning for your project depends on which room in the house you’re painting. The main rules of thumb include removing everything from your walls – including curtains, decor and switch plates – using drop cloths to cover floors; removing or lowering light fixtures from the ceiling; and emptying the room of tables, lamps, furniture and other movable objects. If this isn’t possible, push all the pieces to the center of the room and cover with drop cloths. Don’t forget to prepare the surface you are going to paint. Patch and sand any holes or imperfections. Then wipe down surfaces you plan to paint with warm water, which helps remove dirt and dust that can sometimes prevent paint from adhering. If possible, open windows for better ventilation once you’re ready to start.


When the painting process is finished and you’re appreciating the hard work, don’t forget the job isn’t done until you’ve properly cleaned up. Paint brushes and roller covers should be washed promptly after use to ensure they can be used again. Use warm water and mild detergent to clean then let air dry. If you end up with leftover paint, it can be helpful to save some for future touch-ups. One helpful tip is to write on the can what room or walls you painted, the date and color name. This information can be beneficial should you need to purchase more paint at a later date.

Looking To Sell Your Home? I’m here to help!

Pam Heinold Real Estate Experts

If you are thinking of selling your home, you need the skills and experience of a true Expert to get the job done right. Pam’s local market knowledge and exclusive marketing plan enables her clients to sell quickly and for top dollar.

Call Pam NOW for a complementary consultation!


Pamela S. Heinold, Broker Associate Home Marketing Expert


Greg Grover, Realtor® Text or Call 850-450-3702 Greg@SevilleSquare.net

Cheryl Young, Realtor® Lic. Real Estate Broker Text or Call 850-712-4742

Amber Green, Realtor® Text or Call 850-572-0597 Amber@SevilleSquare.net


24 Hour Answering Service 850-934-7449 www.SevilleSquare.net









September ‘18

BRIAN KILMEADE Today’s News & Newsmakers Fox Talk Radio

11 am - 1 pm Weekdays




newsradio1620.com 850.437.1620

Freesahts Progressive Dinner on Palafox PG. 17



bring Upcoming restaurants n tow wn Do new flavors to downtowncrowd.

com vAl MusiC FesTi HANgOuT THeATRe iMOgeNe e sTeve eARl PReCuBeD




is public radio’s economics news “for the rest of us.” The 30 min. program with an irreverent reporting style is noted for its timely, relevant and accessible coverage.

focuses on information on personal finances.

Weekdays 5 PM

Saturdays 10 AM

brings you the morning business news in the time it takes you to drink your first cup of joe. Tune-in and get a head start on the day.


During Morning Edition

Learn more and find the full list of WUWF programs at wuwf.org/programs. Listen on WUWF 88.1 FM or wuwf.org.

Sherlyn Waghalter BROKER/OWNER

(850) 449-4242 wwww.DiscoverNorthwestFlorida.com | swaghalter@remax.net Sherlyn Waghalter is a name you can trust in today’s real estate market. With eighteen years of local experience and over $300 million in sales, she has the knowledge to assist with your next real estate decision. Sherlyn is one of the leading RE/MAX agents in the state of Florida.





2812 MANOR CIR-GULF BREEZE 5BD / 6 BATH, 4,250 SF, $849,000

506 KENILWORTH AVE-GULF BREEZE 4BD / 4.5 BATH, 5,693 SF, $1,895,900 WATerFroNT

2 PORTOFINO DR-PENSACOLA BEACH 2BD / 2.5 BATH, 1,333 SF UNIT# 1709, $559,000

2 PORTOFINO DR-PENSACOLA BEACH 2BD / 2.5 BATH, 1,333 SF UNIT# 506, $575,000





735 PEAKES POINT DR-GULF BREEZE .512 ACreS, residential Lot, $1,195,000

280 PLANTATION HILL RD-GULF BREEZE .44 ACreS, residential Lot, $259,900

3310 LOGAN DR-PENSACOLA 5BD / 3.5 BATH, 3,193 SF, $395,000

277 ENDOR RD-PENSACOLA 5BD / 3 BATH, 3,666 SF, $599,000




1061 HARBOURVIEW CIR-PENSACOLA 4BD /4.5 BATH, 5,672 SF, $1,999,995 WATerFroNT

775 WOODBINE DR-PENSACOLA 4BD / 3.5 BATH, 3,669 SF, $349,900

884 SOUND HARBOR CIR-GULF BREEZE 3BD / 2.5 BATH, 2,534 SF, $449,000


145 MIDDLE PLANTATION LN-GULF BREEZE 5BD / 3.5 BATH, 3,390 SF SoLD oN 1/18/19 $775,000


1139 KELTON BLVD-GULF BREEZE 4BD / 2.5 BATH, 2,892 SF SoLD oN 12/14/18 $519,000


19 SEASHORE DR-PENSACOLA BEACH 5BD / 4 BATH, 3,894 SF SoLD oN 12/20/18 $1,150,000


5 COLLEY CV DR-GULF BREEZE 3BD / 2.5 BATH, 4,291 SF SoLD oN 1/15/19 $1,550,000


416 SHORELINE DR-GULF BREEZE 4BD / 2 BATH, 2,379 SF SoLD oN 12/4/18 $432,000


Having dedicated, reliable internet access is critical for both survival and success. Gigabit+ Fiber Solutions from Mediacom Business delivers ultra-fast internet, up to 10 Gig and beyond, with unmatched performance. It’s the speed and dependability you need to compete beyond your geographical boundaries.

Dedicated Internet Access

Transparent LAN Service

Primary Rate Interface


CALL 866-955-2225 FOR A FREE CONSULTATION Š2019 Mediacom Communications Corporation. All Rights Reserved.

Profile for Ballinger Publishing

Business Climate, Feb. 2019  

Business Climate, Feb. 2019