Tellus Partners, along with its partner, Varden Capital, are developing a 232-unit new luxury class-A multifamily project in Panama City Beach, FL. The project will offer beautiful and modern one, two, and three bedroom apartments, along with many luxury amenities including a refreshing swimming pool with sundeck, outdoor kitchen, firepit area, on-site dog park, 24-hour fitness center, yoga room, business center, billiards room, theater room, coffee and tea bar, car wash station, valet trash service, and so much more!
The site is ideally located less than two miles from the Panama City beaches and two miles south of U.S. Highway 98. It is just south of the U.S. Naval Support Activity (NSA) Panama City, which includes the U.S. Naval Diving and Salvage Training Center, the Naval Surface Warfare Center Panama City Division and the Coast Guard. The NSA totals 657 acres, houses 221 buildings, and employs approximately 2,800 civilian and military personnel with an annual payroll of more than $150 million. The NSA contract-services buys local goods and maintains an active construction program. Its economic impact on Bay County is more than $400 million annually.