Oldacre McDonald, LLC and TDK Construction, LLC have been awarded a $72 million construction loan to support the development of a mixed-use apartment complex in Panama City Beach, Florida.
Vintage Lake Powell is located at 24000 Panama City Beach Parkway. When the project is completed it will feature six apartment buildings, with heights ranging from two, four, and five stories.
The 289-unit Class A site will include 19,783 square feet of retail space on the ground floor of buildings 200 and 100, as well as a 6,697 square-foot leasing center and clubhouse. Other property amenities will include a pool, a sundeck, a fitness center, a pickleball and bocce ball court, an arbor area, a dog park, a playground, and a package/storage facility.
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