July 9, 2020
Watermark Residential has acquired 17 acres of land in Panama City Beach and plans to develop Watermark at Urban Blu, a 312-unit Class A multifamily community.
Located within the 32-acre Urban Blu Planned Unit Development, the community will consist of 312 one-, two- and three-bedroom apartment homes averaging 958 square feet. Community amenities will include a clubhouse, 24-hour fitness center, a resort-style swimming pool with cabana and pet-friendly park and dog spa.
“Watermark consistently seeks to develop superior multifamily communities in locations with high job and population growth and where occupancy rates are stable or expanding,” said Josh Purvis, managing partner at Watermark. “The Panama City MSA fits these criteria perfectly. We look forward to beginning construction and bringing another remarkable Watermark community to Florida.”
For comments, questions or concerns, please contact David Cohen