Panama Flats

Multi-Family Panama City Beach, Florida

 320-unit luxury multi-family development designed to deliver resort-style living to Panama City Beach, Florida.

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.

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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.

Clint Braun, SVP of Construction Management, ACC Inc.

American Campus Communities (ACC) has worked with FaverGray for over 10 years completing 12 projects across 5 states, including 6.8 million square feet, 4,425 units, and 17,000 beds. Each project built by the ACC/FaverGray partnership has been completed on time and within budget. FaverGray has demonstrated a high level of success related to pricing, subcontractor/supplier relationships, and customer service. Projects completed between our partnership range from townhomes, 3-story walk-up, podium, and infill 5-story type IIIa with a wrapped parking structure. All endeavors completed with FaverGray have been on a design-assist basis with a GMP contract structure, with FaverGray being an integral part of the development team from concept design through completion and turnover. The ownership and management team at FaverGray have operated with integrity, professionalism, and dedication in delivering successful projects. I would recommend FaverGray as one of the most established general contractors in the student housing industry.

Jake Newman, Senior Vice President – Development, American Campus Communities

As the Director of Construction for 908 Group, I am responsible for overseeing our multi-family construction projects throughout the United States. The Nine a lumbia Apartments are a wood framed, 5-story, 486 bed, off-campus student housing community located blocks from the University of South Carolina in Columbia, South Carolina. We selected FaverGray as our construction manager for this project based on their qualifications and tremendous industry track record with delivering student housing. The Nine, which includes six multi-unit townhome buildings, a wood frame apartment wrapped precast garage, a swimming pool, retaining walls, and surface parking is still being completed on a sloped site with complex site logistics bordered by one of the busiest streets in town. Despite numerous straight days of rain at the onset of the project, the on-site staff and FaverGray Leadership teams collaborated well with their subcontractors and building officials and are working to complete the project both on time and within budget for some very excited students starting the Fall 2021 semester in their new homes.

Brian Detri, Director of Construction, 908 Group

The field team has deep experience and dedicated leadership. FaverGray was the selected general contractor on a recent student housing bid project designed by our firm, Coursey Architects, in Gainesville, FL; the project delivery date was met for the fall of 2019, (to the Owner’s satisfaction and the new tenants’ great enjoyment), as was required by the Owner, due to the diligence of the FaverGray team from top to bottom. The field team had deep experience and dedicated leadership and was well supported by the project management team, back-office, and company leadership team across the board. This was a complex 3-building project, on 3 separate sites in the city, so it was really like managing 3 projects at once; each site had its own challenges and opportunities, and FaverGray managed these all very well.

Paul J. Monardo, Coursey Architects

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.

Ronnie Macejewski, Campus Advantage

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.

Gary B. Coursey, Coursey Architects

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.

Leonard Meltz, Parkside Equities, LLC

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