This post originally appeared on Beck Partners' Blog and is republished with permission. Find out how to syndicate your content with theBrokerList.

Demolition of the Pensacola Old Silver Screen Theater building, located at 7280 Plantation Blvd., began and ended in less than a week in late September.

On August 1, New Orleans-based equity investment group Five R Investments, LLC announced their purchase of the Silver Screen complex, located at 7280 Plantation Road, as well as the adjoining four-story One University Plaza office building. Five R plans to convert the Silver Screen building into office and medical space, creating a single large office complex.

Thanks to the visionaries at Five R Investments, the buildings at 7282 Planation Rd (Plaza 1) & 7280 Plantation (Plaza 2) are going through a major revitalization. The improvements began last month, and we still have a lot to look forward to before the final product is complete in Spring 2017.

Watch this drone video of the I-10/110 Plaza, including the newly demo’d lot where Plaza 2 will be built:

We’re excited to announce the future improvements coming to the Plaza:

-Driveway to the back parking lot of about 250 parking spots

-Another 20-25 parking spots in that driveway

-Landscaped courtyard where tenants will be able to sit outside.

For more information about this property, click here.

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