Thread: panama city beach boom
panama city beach boom
For those that haven't heard, the whole beach is undergoing a complete makeover and building boom. Many of the old condos and hotels are being demolished, with massive new high-rises under construction or planned.
Over 2000 existing units have been torn down. 10,000 new units are under construction, and by 2006, 28,000 units will be available, with 60-70 percent being condos.
With the new international airport, hotels, convention and meeting space, resorts, golf courses, businesses, cruis ships, etc. etc., it looks like Panama City is on track top become the largest city and most popular destination between Jacksonville and New Orleans.
Massive expansion is already happening along the North / South corridors between Panama City and I-10. Hwy 231 is 4-lane, Hwy 79 and 77 are currently being 4-laned.
The magnitude is amazing. Panama City Beach will soon surpass Destin in size and number of high rises. All of these new visitors will have a huge impact on SoWal as daytrippers.
By lenzoe in forum Real EstateReplies: 7Last Post: 04-23-2005, 11:05 PM
By phdphay in forum All About SoWalReplies: 21Last Post: 04-01-2005, 05:49 PM
By SoWalSally in forum Real EstateReplies: 4Last Post: 03-21-2005, 09:10 PM
By kurt in forum All About SoWalReplies: 0Last Post: 03-21-2005, 11:17 AM
By Paula in forum Real EstateReplies: 2Last Post: 03-05-2005, 01:47 PM