SweetBay Town Center Poised to Grow

SweetBay Town Center poised to grow with the opening of SweetBay’s school, Phase 1 completion and Phase 2 commencement

                                                                                                                       

Success of SweetBay plays key role in Panama City’s new growth and development

Panama City, Fla. (August 2, 2019) – It’s a sign that development and growth are continuing after Hurricane Michael’s landfall last year on the Florida Panhandle: The University Academy in Panama City, Fla., has reopened its building and students are ready to return.

The high-ranking Florida school is part of the SweetBay development, one of the state’s largest urban infill projects. Classes are set to begin Aug. 12 as many other schools in the Panhandle are still meeting in temporary facilities since the October 2018 disaster.

“It’s so encouraging to see the kids returning to their school building,” said Kevin Wattenbarger, an advisor with SVN and resident of the area. “It provides our community with another example of the growth and exciting opportunities underway.”

While other schools in the Florida Panhandle are still recovering from the storm, the University Academy’s location in SweetBay gave it a distinct advantage. With underground power lines and utilities designed to resist storm damage, the community had many of its utility functions up and running shortly after the storm had passed.

In addition to the opening of the school, SweetBay’s Phase 1 sales are nearing completion with nearly 250 housing units sold, and Phase 2 infrastructure development commencing on an additional 231 units.

“We’re seeing a significant increase in interest and activity from grocers, financial institutions, healthcare, restaurants and retail organizations interested in entering the area,” said Ashley Bloom, who along with Wattenbarger, are members of the SVN team leading the effort to market SweetBay Town Center. 

“There is a real sense of community and optimism in this area,” said Bloom. “In addition to special events such as music nights, there are wonderful amenities including plenty of trails, a marina, parks, a community center and more. The developers of this project, local leaders and businesses in the area are focused on providing a high quality of life experience – and it shows”

About SVN

SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized and powerful brands based on the annual Lipsey Top Brand Survey and Commercial Property Executive Magazine. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state. For more information on SVN Florida, visit www.svnflorida.com.

Contacts

Ashley Barrett Bloom, managing director, SVN Lotus, 941-961-7109 / ashley.bloom@svn.com

Ken Zeszutko, Z Corp. PR, 321-213-1818 / kenz@zcorppr.com