Overview

Description

The SweetBay Commercial Town Center is part of the SweetBay Planned Community Development in Panama City, FL. one of the state's largest infill projects with approval for 3,200 residential units. Phase 1 of the Publix-anchored Town Center , which sites on 7.5 acres will feature approximately 68,000 SF of in-line retail and restaurant space. Phases 2, 3 and 4 will offer medical office, a hotel and several restaurants, cafes and other amenities with a focus on serving the SweetBay community as well as the Panama City area. There are outparcel opportunities, as well as street-lined retail.

Sweet Bay is an urban infill project that is located on the site of the old Panama City Regional Airport in Panama City, Florida. The Master Plan for the 700 acre site, made up of 32 parcels, features five miles of waterfront park, marina, village town center, University Academy a K-8 public charter school, and a variety of single-family and multi-family homes. The old runways become a system of waterways and greenways that link the village center and neighborhoods with the waterfront.
An extensive system of nature trails further enhances the connectivity, linking homes with shops and restaurants, school, and recreational opportunities. The upland component is the only large piece of property available for development on St. Andrew Bay. It has over four miles of frontage on North Bay and lies within Panama City
At full build out SweetBay wll feature 3,200 residential units, including approximately 700 apartment units. 427 homes have been sold with another 31 under-construction in phases 1 and 2.. 360 of the 700 apartment units are adjacent to the town center and are currently leasing.
One of the most appealing aspects of Sweet Bay is its focus on the waterfront and water related activities. Phase 1 of the marina basin has broken ground with plans for a 2-acre wet basin and 56,000 SF of dry storage.
As a result of the residential development, the demand for a myriad of commercial uses naturally should follow. Therefore, the Sweetbay Town Center will be well positioned to attract such end users.

Highlights

• Publix-anchored Town Center
• Commercial Supported by 3,200 Approved Residential Units.
• 427 single family units are sold with another 31 under-construction
• Phase 1 is sold out at 250 homes built or under construction.
• Phase 2 construction has begun for the 235 residential units.
• Phase 3 is under-development with (221 lots) and 1D with (168 lots) for sale
• 360 unit apartment project adjacent to the town center are 75% leased.
• Existing University Charter Academy (K-8) is in High Demand, with a waiting list of 1,400 students.
• Up to 700,000 SF of Commercial space for Retail, Grocery, Hospitality, and Office.
• Flexible, shovel-ready, permitted and mitigated.
• Currently, 431+/- homes sold or under-construction.
• Hwy 390 road expansion is nearly completed from two lanes to a six-lane roadway.
• SweetBay Avenue, the spine road to under-construction.
• Phase 1 of the marina which will span over 40 acres with 56,000 SF of dry storage and a 2-acre wet basin to break ground soon.
• Suzuki's 20-acre Marine Technical Center , just west of the community, soon to be under-development.
• Bay Medical Sacred Heart is 4.7 miles from the Town Center.
• SweetBay Avenue, the spine road, is completed from SR 390 to Phase 2.
• Urban Infill Master planned community on 700 acres
• 5 miles of waterfront.

Documents

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