Callaway Development Site

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present The Galleria at Callaway, an opportunity to acquire one of the most premier multifamily development sites in the Panama City, FL market. Located in the city of Callaway on the eastern boundary of Panama City, this ±33.8-acre development site presents the opportunity to construct up to 336 entitled units along the primary growth corridor in Eastern Panama City while taking advantage of the rapid growth that the city of Callaway is experiencing.

New multifamily development has been performing well in Panama City offering amenities and services that are not commonly found in the older comparable property sets. The Property’s prominent location along Tyndall Parkway allows future residents the convenience of nearby national retail and restaurants as well as convenient access to Tyndall Air Force Base which is nearing completion of a $5 billion improvement/modernization. The Galleria at Callaway presents an opportunity to deliver a new and modern multifamily community at the epicenter of the most significant growth occurring along the entire northern coast of Florida and capitalize on the recent growth the area has experienced recently and positioning to benefit from the future expansion created by the completion of Tyndall Air Force Base.

The site will be delivered with all Civil and Architectural in place.