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[caption id="attachment_1775" align="alignleft" width="300" caption="More Great stuff coming!!!"][/caption] Hooray! Panama City Beach Economy On Upswing! A new shopping center is going to be built across from Simon Properties Pier Park Development. This is great news for Panama City Beach. Wal-Mart is also building a Super Store adjacent to Pier Park so this is going to be a busy area and can only mean investors think this area is ready to grow. The new shopping center, called Pier Park North will occupy 60 acres and will be approximately 400,000 SF, for reference, Pier Park is approximately 1,000,000 SF. The architecture and landscaping will be very similar to Pier Park. The new center is being developed by Glimcher Development Corp. and they consider themselves direct competitors of Simon Properties, so…if you love Pier Park, you should love the new Pier Park North also. The Glimcher Development Corp will release an announcement once leases have been signed for fifty percent of...
I went to a listing appointment with my usual exuburance and quite confident that I had something to offer the customer. I think I had already thought about how exciting it would be to have a listing on that end of the beach. Much like the childhood game where you start with a word at the beginning of a circle and it comes out all messed up somehow what came out of my mouth did not make it quite correctly to their ears. The complex was an old one in good condition and without the array of amenities and the location to Pier Park that the majority of our customers are looking for. It did have a great location with quiet beaches, great restaurants and low density all of which appeals to certain customers. Another plus was the large unit would be a great price for someone giving a big bang for you buck. As I usually do I pointed out the things we had going for us as well as our challenges and the reality of where we needed to be priced. At this point I am still sitting on...
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