November 3, 2022


Construction Begins on FaverGray’s Next Florida Project

FaverGray is announcing the construction of Villas at Suncrest, a luxury multifamily community for developer Time Equities, Inc. Located at the intersection of Front Beach Road and Laurie Avenue in Panama City Beach, the 108-unit community will be available to residents in early 2024. The project is an expansion of the existing Villas at Suncrest property featuring condominiums and townhomes.

The Villas at Suncrest project sits on a 6.75-acre site and will include five 3-story apartment buildings. Rental units will feature stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and upgraded cabinetry and trim.

Generous community amenities will include a warm, spacious renovation of an existing coworking center. The new clubhouse will feature a resort-style pool surrounded by pergolas, gas fire pits, and an outdoor kitchen with a gas grill. Additional site amenities will include a dog park, putting green, playground, and mail kiosk.

The 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, irrigation, asphalt paving, concrete sidewalks, and ponds.

The construction will consist of wood frame with precast stairs and elevator shafts. The exterior will be finished in fiber cement siding and include architectural-style asphalt shingles. All building slabs will be post-tensioned concrete, on grade.

“The FaverGray team is thrilled to partner with Time Equities, Inc., on this exciting new project” shares Ben Hinson, Executive Vice President at FaverGray. Villas at Suncrest will be an integral part of Panama City Beach’s growth as a premier, exceptional residential product. “FaverGray is proud to be part of the continued development in Panama City Beach as more people continue to settle in this flourishing area,” states Hinson. This project represents the company’s fourth recent residential project in the greater Panama City Beach area, with other multifamily developments located nearby including Panama Flats, Parkside at the Beach, and Forest View Village.

“Our team is honored to break ground on our first project with Time Equities, Inc., to offer a luxury multifamily product to this thriving area,” shares Mark Higby, Division Leader at FaverGray. “Villas at Suncrest will showcase the outstanding quality of work that FaverGray and Time Equities, Inc., deliver to a new development.”

Tallahassee-based Conn Architects is serving as the architect for Villas at Suncrest, Buchanan & Harper, Inc. is providing civil engineering services, and Applied Research and Design, Inc. is providing MEP services. Landscape services will be provided by Alan D. Holt.

About FaverGray

FaverGray is an award-winning, fully integrated general contractor in Jacksonville, Fla., specializing in building multifamily, student housing, and senior living communities. Since 2005, the company has contracted more than $2 billion in project revenue. As a general contractor with projects delivered in 15 states and 61 cities across the U.S., FaverGray’s mission is to deliver success by offering creative solutions, providing a fully-integrated team from concept to completion, and exceeding client expectations. Visit for more information.


Contact:  Paige Rosenberger  (904) 208.2023

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