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

The Panama Flats project is located on a 21.7-acre site under a quarter mile from the beach. Site improvements include water, storm, and sewer utilities that tie into existing public utilities. The site improvements include resort-style hardscaping, landscaping and irrigation, asphalt paving, concrete sidewalks, a wooden boardwalk, and two detention ponds.

The 320-unit development consists of 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 is generally wood frame with fiber cement siding and a 3′ brick veneer on the clubhouse and leasing office. The roofing consists of architectural-style asphalt shingles and standing seam metal on the pool cabanas/pavilion. All building slabs are post-tensioned concrete, on grade. Interior finishes 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 are installed in all kitchen and bath areas. All units have stainless steel appliances with a full-size washer and dryer.



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.