CONSTRUCTION PIPELINE

Florida Panhandle 3Q 2024

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

0

2024 MONTHLY AVG. PRE-LEASE ABSORPTION

0

T24 MONTHLY AVG. PRE-LEASE ABSORPTION

pipeline trends

Share of Inventory Under Construction or in Lease-Up

Pre-Lease Absorption Rate by Month

Multifamily Starts

Construction Pipeline

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Disclaimer: The property data depicted in our maps is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 8/15/2024, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZipCodeUnit CountProperty StatusForecasted Completion DateStart Of Rent Up
City North1210 East Olive RoadPensacolaFL3251496Under Construction8/31/24
South Walton County Town Center1326 JD Miller RoadSanta Rosa BeachFL3245990Under Construction8/31/24
Altura13450 Perdido Key DrivePensacolaFL32507325In Pre-Lease/Lease Up Phase9/30/247/16/23
Exchange at Crestview6260 Old Bethel RoadCrestviewFL32536362In Pre-Lease/Lease Up Phase9/30/2412/22/23
Crossings at Riverwalk, The190 Riverwalk BlvdFreeportFL32439312In Pre-Lease/Lease Up Phase9/30/241/8/24
Perla2195 Wilkinson AvenuePanama City BeachFL32408336In Pre-Lease/Lease Up Phase9/30/244/9/24
Madison Shores7045 Pine Forest RoadPensacolaFL32526272In Pre-Lease/Lease Up Phase10/31/2410/9/23
Saltaire169 Ocean Walk LaneSanta Rosa BeachFL32459256Under Construction10/31/24
Madison at Owl's Head, The50 Sedge CircleFreeportFL32439300In Pre-Lease/Lease Up Phase11/30/243/26/24
Evolve8572 Myslak WayPensacolaFL32526318In Pre-Lease/Lease Up Phase11/30/244/1/24
Quinn, The5251 West 9 Mile RoadPensacolaFL32526324In Pre-Lease/Lease Up Phase12/31/247/18/24
Enclave at Deer Moss Creek, The1200 Deer Moss LoopNicevilleFL32578303Under Construction2/28/25
Jewel at Santa Rosa Beach158 Malachite WaySanta Rosa BeachFL32459408Under Construction5/31/25
Santa Rosa BeachBlue Tide Blvd & US Route 331Santa Rosa BeachFL32459260Under Construction7/31/25
Zatitude at Freedom Tech Center500 Liberty Lane NWFort Walton BeachFL32547312In Pre-Lease/Lease Up Phase8/31/256/30/24
Kelly at Twenty Third, The2002 Wilson AvenuePanama CityFL32405300Under Construction10/31/25
Ascend at Woodlands4413 Oak Vista LanePaceFL32571324In Pre-Lease/Lease Up Phase12/31/255/6/24
Arcadia 33134 Ramsey Branch RoadFreeportFL32439258Under Construction12/31/25
Arris SeahavenFront Beach Road & Hills RoadPanama City BeachFL32413236Under Construction3/31/26
South De Villiers Street & West Main StreetSouth De Villiers Street & West Main StreetPensacolaFL32502600Prospective
Lenox Bay1 Miracle DriveMary EstherFL32569162Prospective
Riverchase at Pathstone9091 Klondike RoadPensacolaFL32526213Prospective
Heights at East Garden, The110 East Garden StreetPensacolaFL32502242Prospective
Zona Nehi Phase II5441 Nehi RoadPanama CityFL32404288Prospective
Zona Nehi5441 Nehi RoadPanama CityFL32404324Prospective
Pine MeadowsGodwin Lane & Pine Forest RoadBellviewFL3252696Prospective
Tyndall Town Center918 North Tyndall PkwyPanama CityFL32404375Prospective
Hombre GolfCoyote Pass & Hombre CirclePanama City BeachFL32407260Prospective
JCF Living Clara NorthClara Avenue & Power Line RoadPanama City BeachFL32407278Prospective
JCF Waterfront Living4600 Magnolia Beach RoadPanama CityFL3240879Prospective
Seawind401 North Kimbrel AvenuePanama CityFL32404404Prospective
MOR-30ASEC Cain Road & US Highway 98Panama City BeachFL32413235Prospective
Coastal PalmsCoastal Palms Blvd & Thomas DrivePanama CityFL32408289Prospective
Havenwood Garden Redevelopment1600 Florida AvenueLynn HavenFL3244456Prospective
Hayden Place1201 North P StreetPensacolaFL3250590Prospective
Parkway Garden Redevelopment5818 East Highway 98Panama CityFL3240484Prospective
Bayside BreezeBass Avenue SW & Comet Street SWFort Walton BeachFL3254872Prospective
Bellview Terrace6070 Mobile HwyPensacolaFL3252686Prospective
New Life Estates SeniorSouth Crow Road & Mier Henry RoadPensacolaFL3250672Prospective
Summer Meadows6040 Hilburn RoadPensacolaFL3250460Prospective
Sky Zone Trampoline ParkPanama City Beach Pkwy & Powell Adams RoadPanama City BeachFL3241350Prospective
Woodland Place8221 Pittman AvenuePensacolaFL32534166Prospective
Sanctuary at 331 Phase II, The24555 Highway 331Santa Rosa BeachFL32459140Prospective
7201 US Highway 987201 US Highway 98PensacolaFL3250670Prospective
Magnolia Square2879 East Olive RoadPensacolaFL32514108Prospective
Rosemary PlaceAzalea Drive & Kylea Laird DriveFreeportFL3243972Prospective
CorryLexington Terrace & South Old Corry Field RoadPensacolaFL3250775Prospective
North Davis Hwy8621 North Davis HwyPensacolaFL32514100Prospective
Botanic Miramar Beach12958 US Route 98Miramar BeachFL32550321Prospective
Westmore, The215 West Garden StreetPensacolaFL32502328Prospective
Conservation Drive & Griffin BlvdConservation Drive & Griffin BlvdPanama City BeachFL32413100Prospective
McVoy Townhomes3375 South Highway 97CantonmentFL32533128Prospective
Bella Rosa in the PinesSEC Sugar Drive & US Highway 98Santa Rosa BeachFL32459158Prospective
Dogwood Drive Townhomes280 Dogwood DrivePensacolaFL3250592Prospective
Palm Street Townhomes98 Palms Blvd & Palm StreetDestinFL3254166Prospective
OLF - 8West 9 Mile Road & Patrick LanePensacolaFL32526100Prospective
Callaway Bayou TownhomesHugh Thomas Drive & Wewa HwyCallawayFL32404276Prospective
33rd Street & Frankford Avenue33rd Street & Frankford AvenuePanama CityFL32405304Prospective
Pescador Landing17290 Perdido Key DrivePensacolaFL32507144Prospective
Arcadia at Hwy 20189 County Hwy 83A WestFreeportFL32439352Prospective
Airway550 East Ensley StreetPensacolaFL32514240Prospective
Oakfield6000 St. Elmo StreetPensacolaFL32503300Prospective
Woodchuck Avenue1301 Woodchuck AvenuePensacolaFL3250480Prospective
Providence Park1700 Century BlvdMcDavidFL3256856Prospective
Silurian Pond Phase II3000 Hollywood AvenuePensacolaFL32505105Prospective
Magnolia Trail1200 North 57th AvenuePensacolaFL3250688Prospective
Air Force Enlisted Village1000 Hawthorn House DriveShalimarFL3257951Prospective
Herons Landing Townhomes899 Dog Track RoadPensacolaFL32506135Prospective
Optima WatersoundUS Highway 98 & North Watersound PkwyWatersoundFL32462300Prospective
Parker Grove4500 Pace LanePaceFL32571156Prospective
JCF Clara123NWC Cox Grade Road & Panama City Beach PkwyPanama City BeachFL32407300Prospective
Waters at Ransley Phase II, The8890 Ransley Station BlvdPensacolaFL32534294Prospective
Willow Way Village Garden333 Lewis StreetFort Walton BeachFL3254772Prospective
US Highway 98 & US Highway 331US Highway 98 & US Highway 331Point WashingtonFL32459100Prospective
Brittany Oaks Villas600 State Route 98Gulf BreezeFL3256176Prospective
EnclaveHartington Drive & James M. Harvell RoadNavarreFL3256664Prospective
Old Chemstrand Road2600 Old Chemstrand RoadCantonmentFL3253350Prospective
Tree of Life2602 West Lee StreetPensacolaFL32505100Prospective
Charleston PlaceIndustrial Drive & Richbourg LaneCrestviewFL32539279Prospective
Avery PlaceWest Avery Street & North H StreetGouldingFL32501112Prospective
Leah Gardens9701 Chemstrand RoadPensacolaFL3251490Prospective
Navy Crossing8485 US 98 HwyPensacolaFL3250673Planned
Retreat, The4938 Mobile HwyPensacolaFL32506224Planned
Colonial Landing TownhomesClara Avenue & Panama City Beach PkwyPanama City BeachFL32407176Planned
Colonial Landing Townhomes EastClara Avenue & Panama City Beach PkwyPanama City BeachFL32407158Planned
JCF Clara Living241 Devitt StreetPanama City BeachFL32407228Planned
HathawayChip Seal Pkwy & US Highway 98Panama City BeachFL32407232Planned
Ocean ParkSWC Lake Powell Drive & Lakeview DrivePanama City BeachFL3241380Planned
Arbors at Lynn Haven Bluffs235 West 15th StreetLynn HavenFL32444138Planned
Parks of Pensacola6225 Mobile HwyPensacolaFL3252692Planned
Village Retreat5417 Lake DrivePanama CityFL3240475Planned
Bowline, TheUS Route 98 & Goldsby RoadSanta Rosa BeachFL32459162Planned
Exchange at SweetBayFrankford Avenue & Pacifica AvenuePanama CityFL32405256Planned
Renaissance Santa Rosa Phase II200 Page Bacon RoadMary EstherFL32569206Planned
96 Thompson Road96 Thompson RoadSanta Rosa BeachFL32459100Planned
Ascend at Pathstone4400 Youpon RoadPensacolaFL32526300Planned
Retreat at RedstoneKingbird Lane & East Redstone AvenueCrestviewFL32539158Planned
Nathan Road Duplexes7040 Nathan RoadPensacolaFL3252652Planned
Towns at Olde Barrancas, The3180 Barrancas AvenuePensacolaFL3250777Planned

METHODOLOGY

Matt Ledom - Senior Managing Director

Matt Ledom

Senior Managing Director

matt.ledom@mmgrea.com

Tony Sanicola

Tony Sanicola

Senior Director

tony.sanicola@mmgrea.com

Jhamil Moore - Senior Advisor

Jhamil Moore

Senior Advisor

jhamil.moore@mmgrea.com

Dennis Nevolo - Senior Advisor

Dennis Nevolo

Senior Advisor

dennis.nevolo@mmgrea.com

Zach Croake

Zach Croake

Associate Advisor

zach.croake@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

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Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

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