Waverly condo project in downtown Pensacola is dead

The Waverly and Westmore condo and apartment development that had been planned in downtown Pensacola is dead.

Developer John Buzzell with Louisiana-based Bearing Point Properties confirmed to the News Journal that new developers are taking over the property.

“Unfortunately, due to economic conditions outside of our control, we had to go a different direction,” Buzzell said. ”We are excited about what is to come.”…

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