Third Lake Development is excited to announce the closing of a 23.08-acre development site in Pensacola, FL. TLV intends to develop a 213-unit, 246,000+ square feet single-family rental community called Abrazo at Riverchase.
Abrazo at Riverchase will offer a mix of one-, two- and three-bedroom units. The resort-style amenity package will include a clubhouse, pool, pickleball court, putting green, walking trails and multiple outdoor kitchens.
The site is located approximately 30 minutes from Pensacola Beach, 18 minutes from the Cordova Mall and 21 minutes from the Pensacola International Airport. The site is less than ten minutes to a Publix Super Market, Starbucks, Walgreens, Walmart Neighborhood Market, Sonny’s BBQ and Jersey Mike’s Subs. The Navy Federal Employee Credit Union headquarters, a college-like campus with 8 state-of-the-art buildings housing cafeterias and coffee shops, fitness and wellness centers and a brand-new recreation facility with sports courts, athletic fields and a pavilion, is less than one mile from the site. With almost 10,000 employees (about two-fifths of all of Navy Federal’s employees worldwide), it is the largest private-sector employer in the region.