Studers set to construct another office building, est. cost $14.3 million

The Pensacola News Journal reports that Quint and Rishy Studer are building another office building in downtown Pensacola. They are submitting designs to the city’s Architectural Review Board today for a 57,000 square foot, $14.3 million office building at the southeast corner of Jefferson and Intendencia streets, near the YMCA that is under construction.They already have a pre-lease agreement with the Clark Partington law firm.

The Studers opened in 2014 at the Community Maritime Park One Maritime Place, It cost $16.5 million and houses his old company, Studer Group, Emcare and Moore, Hill & Westmoreland law firm.

Earlier this month, they have begun site preparation for their $50-million apartment complex on Romana and Jefferson streets.

Total new downtown construction by the Studers since 2013: est. $80.8 million.

This doesn’t include the land and funds that they donated for the new downtown YMCA or their renovation of PENKO buildings on the corners of Palafox and Main streets.

Read PNJ article.