FaverGray Honored for Panama Flats Project with ABC Pyramid Award

Panama Flats aerial photo FaverGray

August 8, 2023

FaverGray has been awarded the coveted ABC Excellence in Construction Pyramid Award for the Panama Flats project. Situated on the pristine shores of Panama City Beach, Florida, the Panama Flats project has become an emblem of multifamily luxury and contemporary living.

Nestled across a sprawling 21.7-acre site, a mere stone’s throw away from the clear waters of the beach, the Panama Flats project is a testament to meticulous planning and execution. 

Comprising 320 units, the Panama Flats development includes five 4-story apartment buildings, each spanning 80,000 square feet. To cater to the residents’ convenience, the development offers two detached 16-bay garages and three detached 8-bay garages, one of which features a covered pet wash for the furry residents. Adding to the allure of the community are a 3,500-square-foot leasing office building, a 6,700-square-foot clubhouse housing a 1,750-square-foot fitness room and a captivating outdoor living area, alongside a resort-style arc-shaped pool.

The amenities of the Panama Flats project truly take the concept of luxury living. Residents can relish an array of facilities, including an inviting outdoor natural gas fire pit, a dedicated dog park for their furry companions, four pool cabanas, and a magnificent 2,100-square-foot pool pavilion complete with a bar. The project offers eight gas grills and two Big Green Egg ceramic charcoal barbecue cookers, perfectly complementing the resort-style atmosphere.

The project’s construction is a symphony of material craftsmanship and innovation. Characterized by a predominantly wood frame structure adorned with fiber cement siding, the buildings exude elegance.

The community not only sets new benchmarks for multifamily living but also adds another accolade to its impressive portfolio by receiving the esteemed ABC Excellence in Construction Pyramid Award. This recognition underscores the project’s architectural brilliance, unparalleled construction quality, and unwavering commitment to excellence.



James a. Gray

Gray co-founded FaverGray in 2005 and has more than 45 years of experience in design and construction management in the residential, commercial and industrial market sectors. As CEO, Gray is responsible for leading the development of FaverGray’s short and long term strategy, creating and implementing FaverGray’s vision and mission, maintaining awareness of the competitive market landscape, evaluating expansion opportunities and industry developments, maintaining social awareness and responsibility within FaverGray’s market sectors, assessing and managing corporate risks and management of banking and surety relationships.