New construction in Downtown Pensacola

Downtown Pensacola New Construction

Over the past ten years Pensacola's downtown has undergone a transformation which has produced a vibrant and dynamic destination to live and play. Quint Studer and a handful of others have had a significant role in shaping and funding this new vision that has now taken hold with many other builders, business owners, and entrepreneurs.

The development of new housing and the renovation of existing structures has reached a feverish pitch with no less than 300 units slated in 2018 with more new plans emerging monthly. The diverse price point of new construction in Downtown Pensacola neighborhoods offer homes, condominiums, and townhomes ranging from $200,000 to $700,000.

New Construction Currently Underway

These featured real estate developments represent a sample of the kinds of residential buildings that have broken ground and are currently under construction.

Covington Place

Covington Place in North Hill is a 25-unit gated townhome community with two or three-bedroom residences. These homes are built in a classic architectural design to mimic the beautiful architecture found in the historic district of North Hill. They will have ten-foot ceilings, fireplaces, chef kitchens, and an option for one or two car garages. Prices for these town homes are in the $500,000 range and will be located at 26 West Cervantes.

Hawkshaw Property

This $35 million-dollar development at South Ninth Avenue and East Romana is directly north of Admiral Mason Park. This development is planning a combination of retail, restaurants, and condominiums. Construction will proceed in two phases; the first phase will be on South Ninth Ave consisting of a three-story building that will house 12 condominium units, retail space, and a restaurant. The second phase on East Romana Street will consist of a three-story 27-unit, condominium complex.

The Cottages at Five Points

This project has thirty townhomes that are beinng built on the site of the former W.A. Blount Junior High School. Bounded by D Street, C Street, Gregory St, and Chase St, these homes are affordably priced in the low $200,000s and are a great investment as a rental or personal residence.

Girard Place

These townhomes are pure luxury and will be located directly behind Everman's Grocery and Cafe. These homes range from $500,000 to $700,000 with two and three-bedroom floor plans available. This 23-unit complex offers a full-automation package that qualifies this as a true smart home. The luxury continues with an on-site, state of the art gym and community pool.

The Junction at West Hill

The Junction at West Hill is a mixed-use development that combines townhomes and commercial space and is very close to Downtown Pensacola in the Belmont-DeVilliers neighborhood. The 32 gated townhomes have prices that start near $225,000. The architectural designs range from a spacious indoor loft to floor plans that feature large outdoor decks. All of this is within easy walking distance to all the local downtown restaurants and businesses.


These premium lot spaces are available at the site of the old downtown YMCA at 400 North Palafox St. and are ready for individual homes. The nine lots range in price from $175,000 to $195,000 and are construction-ready. Do not miss this opportunity to experience downtown living.

Hallmark Towne Homes

Hallmark Towne Homes is the largest development in the Downtown area with 76 Townhomes priced near $300,000. The site of these 1500 square-foot, three-bedroom townhomes is between E and F Streets on Barrancas Ave. Two different floor plans are offered and all homes include a garage.

How to purchase or get information

The availability of these Downtown Pensacola residential opportunities is constantly in flux as units sell and new real estate developments come on the market. Check back for updates and call Justin Nicholas, Emerald Coast Realty, the downtown new construction specialist, 850-437-5618.

New Downtown Pensacola Homes