Location: Panama City, Florida

Type: Multifamily

Scheduled Delivery: Q1 2024

Units: 108

The Villas at Suncrest Phase II project sits on a 6.75-acre site located in Panama City, Florida.

The 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, irrigation, asphalt paving, concrete sidewalks, and ponds.

The Phase II project is an expansion of the existing Villas at Suncrest property currently featuring condominiums and townhomes. The 108-unit development consists of 5 three-story apartment buildings, a new clubhouse with a pool, pool bath house, mail kiosk, dog pavilion, and renovation of an existing coworking center. Outdoor living spaces will offer a resort-style pool surrounded by pergolas, gas fire pits, and an outdoor kitchen with a gas grill. Site amenities will also include a dog park, putting green, and playground.

The construction will consist of wood frame with precast stairs and elevator shafts. The exterior will be finished in fiber cement siding and include architectural-style asphalt shingles. All building slabs will be post-tensioned concrete, on grade. Interior finishes will consist of painted drywall walls and ceilings with a knockdown finish, and luxury vinyl plank flooring in units. Upgraded cabinetry and trim will be installed in all kitchen and bath areas, with quartz kitchen countertops and bath vanities. All units will have stainless steel appliances with a 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.