FaverGray is excited to partner with 360 Residential and Gary B. Coursey Architects on a community that will offer individuals and families first-class apartment living.
A tranquil oasis, only a few minutes’ walk from the beach, the newest GCA apartment development is a gem within the Panama City Beach community. With façades inspired by the genteel northeast coastal forms, this 320-unit multi-family property boasts 5 apartment buildings, featuring Studio, 1, 2, and 3 bedroom floor plan options. All units provide spacious, open living areas with chef-inspired kitchens equipped with stainless steel appliances. Centered around a breathtaking resort-style pool, the Clubhouse and several amenity buildings, offer residents multiple opportunities to meet & connect in various indoor and outdoor settings. Maintaining security as a priority via a property-wide secure access-control, GCA designed to the aesthetic and functional goals of the Owner, to serve residents, and to create an aspirational, sophisticated community.
The Panama Flats project is located on a 21.7-acre site under a quarter-mile from the beach. Site improvements will consist of water, storm, and sewer utilities that will tie into existing public utilities. The site improvements will also include resort-style hardscaping, landscaping and irrigation, asphalt paving, concrete sidewalks, a wooden boardwalk, and two detention ponds.
The development consists of 320 apartment units in five 80,000 SF four-story apartment buildings, two 16-bay detached garages, and three 8-bay detached garages including one with a covered pet wash. The development also includes one 3,500 SF leasing office building, one 6,700 SF clubhouse with a 1,750 SF fitness room and outdoor living area, and a resort-style arc-shaped pool. Other amenities include an outdoor natural gas fire pit, dog park, four pool cabanas, a 2,100 SF pool pavilion with bar, eight gas grills, and two Big Green Egg ceramic charcoal barbecue cookers.
Construction generally will be wood frame with fiber cement siding and a 3′ brick veneer on the clubhouse and leasing office. Roofing will consist of architectural style asphalt shingles, and standing seam metal on the pool cabanas/pavilion. All building slabs will be post-tensioned concrete, on grade. Interior finishes will consist of painted drywall walls and ceilings with a textured finish, and a mixture of luxury vinyl plank flooring and carpet in units. Thermofoil cabinetry and trim with granite countertops will be installed in all kitchen and bath areas. All units will have stainless steel appliances with a full-size washer and dryer.
The field team had deep experience and dedicated leadership.FaverGray was the selected general contractor on a recent student housing bidproject designed by our firm, Coursey Architects, in Gainesville, FL; the projectdelivery date was met for the fall of 2019, (to the Owner’s satisfaction and the newtenants’ great enjoyment), as was required by the Owner, due to the diligence ofthe FaverGray team from top to bottom. The field team had deep experience anddedicated leadership, and was well supported by the project management team, backoffice and company leadership team across the board. This was a complex 3-buildingproject, on 3 separate sites in the city, so it was really like managing 3 projects atonce; each site had its own challenges and opportunities, and FaverGray managedthese all very well.
The FaverGray team is a trusted partner with American Campus Communities. They bring great value as an active participant during initial design and predevelopment activities through pricing, and in the field during construction. Jim and Keith have assembled a core team of leaders with impressive depth and experience, and they demonstrate their commitment to service and integrity every day at every level. We look forward to a long and productive relationship with FaverGray.
Gary B. Coursey, Architects has been successfully producing multi-family projects for 50 years. We have worked alongside FaverGray for many years on many projects. We find them to be efficient, thorough and highly professional. Parkside at the Beach is one of our favorite projects we designed, and FaverGray built; luxurious design, built solid, and was sold for a large profit after a year of successful occupancy. We are pleased to work with them and will continue to refer them on projects we are producing.
Our relationship with FaverGray has been more than successful. FaverGray is unique in that they combine the expertise and sophistication of a larger firm with a level of service and attentiveness of a smaller firm. These characteristics are exactly what we need and the projects have been delivered on budget, on schedule.
Easlan Capital of Atlanta and its affiliate Parkside Equities have been developing mixed use and multifamily properties throughout the southeast since 1982. It is with great pleasure that we have been successful in awarding the last three projects, consisting of 810 units to FaverGray. All three were completed on time and within budget. Parkside at the Beach was actually ahead of schedule and after a record lease-up, the property was sold within 36 months of construction start. I would therefore highly recommend them…as we look forward to a continuance of our relationship in the future.
The FaverGray team functions as an extension of our staff and provides front end services of great value. They are virtually a completely integrated partner from beginning to end.