The Village on Wright Street Project will bring $ 1 million to the Old East Hill

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Pensacola, Fl

What Makes a Million Dollar Country Home in Downtown Pensacola?

Those behind the new Village on Wright Street development believe it to be rooftop terraces – complete with a wet bar and space designed for hot tubs – as well as private indoor elevators, all-home generators and electric vehicle charging stations.

The gated project consists of 10 luxury Spanish-style units in five total buildings on the block between 7th and 8th Avenue on Wright Street in the historic Old East Hill neighborhood. Prices range from $ 950,000 for indoor units to $ 1.15 million for the largest of the two units.

The construction of the first units in the project is scheduled to be completed at the end of next month.

Developers Norman Rex and David Richburg designed the homes with their friends in mind, who wanted downtown homes downtown but needed amenities like elevators and generators if they did.

“(They said) if we are going to move and reduce our size in old age, we want to go somewhere they can stay until they move us,” Richburg said.

Richburg has a long history of building and renovation in the area dating back to the 1970s. He said he restored properties in the Seville and North Hill regions and then began building apartments in Perdido Key.

Because of this experience, he understands another unique aspect of the development which is how homes are built. Richburg and Rex decided to follow the “insulated concrete form” method, which creates a solid concrete wall.

Luke Zechiel, the general contractor, said this method is more expensive, but that means it is stronger to withstand hurricanes and better for insulation than other forms of construction.

“There is eight inches of solid concrete between the two units (in each building),” Richburg said.

Rebekah Ward, a realtor at Ward Group, said the homes had already gotten a lot of attention with thousands of site visits in the first week.

After Hurricane Sally, Joshua Ward, another realtor and husband of Rebecca, said he believed having a “bunker” in the city center with a concrete building was partly due to the benefit. The homes are also built with hurricane-proof windows and roofs that can speed up to 180 miles per hour.

“Nobody expected Sally to hit here and then it happened, and then people were left in the wind with her,” Ward said. “There is no need to leave if you don’t want to and I think this will attract a lot of people, people who have had damage to the roof, people who have had a lot of damage in the house and had to replace it.”

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