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 the space, some of the names mentioned include The Fresh Market, Men’s Wearhouse, Dicks Sporting Goods, and Pier 1. I know my whole office would be incredibly stoked for a Fresh Market. Projected opening for the new shopping center is Spring of 2013.
If you’re keeping track, you can add Pier Park North to your list of new businesses that now include Wal-Mart, Harley Davidson and Whataburger.
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