panama city beach boom

[lenzoe]

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 ... it looks like Panama City is on track top become the largest city and most popular destination between Jacksonville and New Orleans.

So, not that I'd want to occupy a unit there, but what do you think of PCB from an investment perspective? I haven't been there since we made a trip to Circuit City a few years ago and accidentally took Front-Beach road on the way back. We couldn't help but laugh at the bungee-jump place and some pretty seedy looking hotels. But if they're re-developing the area, maybe it's changed enough to be considered for investment.

Any recommendations on good sources for pre-construction info?

 

[RiverOtter]

So, not that I'd want to occupy a unit there, but what do you think of PCB from an investment perspective? I haven't been there since we made a trip to Circuit City a few years ago and accidentally took Front-Beach road on the way back. We couldn't help but laugh at the bungee-jump place and some pretty seedy looking hotels. But if they're re-developing the area, maybe it's changed enough to be considered for investment.

Any recommendations on good sources for pre-construction info?

I have had the chance to buy several pre-constructs but have chickened out. Now, I am concerned that there is too much supply. I look at the resale pages and there are hundreds listed.

 

[Kurt]

So, not that I'd want to occupy a unit there, but what do you think of PCB from an investment perspective? I haven't been there since we made a trip to Circuit City a few years ago and accidentally took Front-Beach road on the way back. We couldn't help but laugh at the bungee-jump place and some pretty seedy looking hotels. But if they're re-developing the area, maybe it's changed enough to be considered for investment.

Any recommendations on good sources for pre-construction info?

Here's a thread:
http://www.sowal.com/bb/showthread.php?t=280

There are some huge projects going up, high rises with multiple pools, shops, restaurants, activities, etc. that looks like they would be real popular for families wanting an all-in-one experience.

 

[Kurt]

Fortunately for us, the south is overrun with people like my mom.....who comes to the beach & wants to eat at Red Lobster :roll:

Or go to Italy and look for big macs. :roll:

 

[Kurt]

A big salty lake :laughing1

When SoWal incorporates - - - - > Salt Lake City :idea:

 

[RiverOtter]

When SoWal incorporates - - - - > Salt Lake City :idea:

Just imagine the baggage claim with all the ski bags and people looking like this

 

[Smiling JOe]

The lack of water parks... should help Sowal repel those looking for a turnstile to go with their beach.

Obviously you have driven into Cypress Breeze lately. It is not a "water park," however it looks like Big Kahuna's opened a branch in the middle of the neighborhood. When completed, this pool with waterfalls will be larger than the 12,000 sf pool at Seacrest. With all of the fake boulders, it looks like they are building a zoo exhibit.

 

[RiverOtter]

Obviously you have driven into Cypress Breeze lately. It is not a "water park," however it looks like Big Kahuna's opened a branch in the middle of the neighborhood. When completed, this pool with waterfalls will be larger than the 12,000 sf pool at Seacrest. With all of the fake boulders, it looks like they are building a zoo exhibit.

Does it have a lazy river? How about one of those 100' freefalls :shock: ? Man those are fun Gives ya a bad wedgie though

 

[katie blue]

When SoWal incorporates...

do you think this is an eventuality kurt?

 

[Kurt]

do you think this is an eventuality kurt?

I think it is inevitable on the inexorable path of bureaucracy.