Property Overview
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Asset Type Land
Trade Type Sale
Acres Available 50.00
Date Available 08/17/2019
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Description

Location
Sweet Bay is an urban infill project that is located on the site of the former Panama City Regional Airport in Panama City, Florida. The Master Plan for the 700 acre site 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 SweetBay community is 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.
The developer has rights for 3,200 residential units, 700,000 SF of commercial space, and has successfully sold over 150 homes in their initial phase. The developer’s goal is to develop and sell 150 units per year with buildout estimated for 2022. The most appealing aspect of Sweet Bay is its focus on the waterfront and water-related activities. For this reason, the developer has spent almost 2 years pursuing entitlements for 117 wet slip marina and a 240 boat capacity dry storage facility on the uplands. This site is truly “shovel ready” with FDEP and USACE permits in hand. Permits are valid thru June 2022.


Sale
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
The developer has rights for 3,200 residential units, 700,000 SF of commercial space, and has
successfully sold over 150 homes in their initial phase. The developer is also considering a build for rent
program as well as a traditional multi-family for rent project. The most appealing aspect of Sweet Bay is
its focus on the waterfront and water related activities. For this reason the developer has spent almost 2
years pursuing entitlements for 117 wet slip marina and a 240 boat capacity dry storage facility on the
uplands. This site is truly “shovel ready” with FDEP and USACE permits in hand. Permits are valid thru June
2022.
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.

Location