Developers of a hotly-anticipated residential development coming to downtown Pensacola announced new details about the project Friday, including projected rental rates for the project’s 258 apartment units.
The so-called Daily Convo development, located on the site of the former Pensacola News Journal headquarters on East Romana Street, broke ground in May. Pensacola businessman Quint Studer is developing the $52 million project.
Studio apartments will start at $750 per month, officials said. One-bedroom apartments will start at $1,100 per month, two-bedroom units at $1,500 per month, and three-bedroom units at $2,400 per month.
Each apartment will include free and unlimited access to a variety of amenities and shared spaces, including:
- Over 750 square feet of fitness space
- A 1,200 square-foot rooftop deck
- More than 2,500 square feet of indoor leisure space, including a resident lounge, game room, and club room
- An outdoor courtyard, heated pool, outdoor kitchen, and fire pit area which total over 20,000 square feet
- Over 1,000 square feet of business and meeting space, including a “cyber cafe” computer lounge
- Package delivery lockers
- Wi-fi in common areas
“We have worked very hard to build an apartment project that provides an entire downtown living experience, while still keeping rental rates as low as possible,” said Studer Properties president Andrew Rothfeder.
Additional details released
The development will include 28 studio, 109 one-bedroom, 109 two-bedroom, and 12 three-bedroom units, officials said Friday.
The entire campus will be pet-friendly and non-smoking, and each unit will boast hardwood-style flooring, granite countertops, and an in-unit washer and dryer, and will be equipped with USB charging ports and internet-TV ready connections.
24-hour maintenance will be available, and residents will be able to manage leases and service requests via an online portal. Developers also said a variety of services will be available to residents for an additional fee, including valet dry cleaning, pet walking, and housekeeping services. A bike share service is also planned.
Reservations open June 21
Officials said Friday that there were more than 720 people on the waiting list for the development’s 258 units. Those on the waiting list will be able to select which type of apartment they want over a two-week period beginning on Tuesday, June 21.
An email will be sent to those on the waiting lists with a link to complete the process, officials said. Those on the waiting list will be able to reserve multiple units, but a $50 refundable deposit will be charged per unit reserved. Reservations will be allocated based on individuals’ positions on the original waiting list, and those who make reservations will be notified after the end of the two-week window whether they’re on a “reserved” or “standby” list.