Creekstone Companies Announces Upscale Condominium Development in Panama City Beach.Island Reserve Development Indicates Further Growth in Area PANAMA CITY Panama City, city (1990 pop. 34,378), seat of Bay co., NW Fla., on St. Andrews Bay; inc. 1909. A Gulf Coast resort with amusement parks and excellent fishing, it is also a port of entry. The city's industries produce paper, clothing, and chemicals. BEACH, Fla. -- Creekstone Companies is bringing nearly 300 townhomes and condominiums to Panama City Beach at Island Reserve. The Panama City area continues to grow after being named the best market to invest in 2006 by Business 2.0 and Money magazine. A $330 million airport will be completed in 2009 or 2010 that is projected to attract a half million visitors each year. The city's infamous "Miracle Strip" is transforming into a family-friendly avenue with bike trails and parks, and multiple family attractions, shops and restaurants have opened in the past year. "The market is rebounding here," said Jeanne Carter, a broker and consultant with Creekstone Companies. "Condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. , retail and office projects are under construction, and absorption of new product is up. Prices here are still well below the national average, and with continuing low interest rates, it's a good time to buy." Creekstone Companies, with offices in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the and Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La., was founded by Everett Jackson and Stephen Keller. The
company has provided full-service real estate investment, development
and management services for 19 years with more than $1 billion in total
investments.
Island Reserve will open in spring 2008 and includes a mix of flats and cottage-style townhomes centered around the Panhandle's largest residential swimming pool. The pool holds more than 295 thousand gallons of water and along with the deck area, encompasses more than an acre. A large community center offers an indoor basketball and sports court, a fitness center, a meeting/gathering room, business center, billiard bil·liard adj. Of, relating to, or used in billiards. n. See carom. Adj. 1. billiard - of or relating to billiards; "a billiard ball"; "a billiard cue"; "a billiard table" room and media room with a 100-foot theater screen. Many of the homes have decks and patios that face community courtyards with water features and lush tropical landscaping. The spacious interiors include granite countertops, stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. appliances, some wine coolers, travertine travertine (trăv`ərtĭn, –tēn), form of massive calcium carbonate, CaCO3, resulting from deposition by springs or rivers. and bamboo flooring. Residents can select from one-, two-, and three-bedroom homes priced from $317 thousand. Island Reserve is located on more than 20 acres of land at 8700 Front Beach Road in Panama City, about 1 mile from the beach. The sales office is open daily with tours of the model home available. For more information, call (850) 249-8771 or visit www.islandreserve.net. |
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