Real Estate Firm Ativas Development Corporation and Naidip Capital Announce Largest Luxury Residential Development on Panama City Beach, Florida 06.28.05, 12:35 PM ET (From BusinessWire) Naidip Capital and Ativas Development Group have selected two of the world's best architecture and landscape design firms, Arquitectonica (www.arqintl.com) and SWA Group (www.swagroup.com), to create the Solimar Resort and Spa, a signature mixed-use development project that will promote a new vision for Panama City Beach as an international luxury travel and living destination. The project will also be the city's largest luxury beachfront development to date. 

"Planned amenities at Solimar Resort and Spa include a full-service spa, fitness centers, several restaurants, business center, conference center, wireless internet, owner's lounge, and storage facilities in each unit, helping transform the site into a world-class destination with unsurpassed luxury features for today's demanding buyers," states Ativas Development Group President Tejas Patel.

The development, which will include nearly 800 residences and rest on over 16 acres of pristine beachfront, plans to offer three unique designs for the 2-, 3- and 4-bedroom units, which will range from 1,220 to 2,010 square feet. Adjacent to the property is nearly 5,000 ft. of undeveloped and protected beach that will ensure that every residence maintains glorious views of the Gulf of Mexico, providing natural beauty and tranquility to residents. Scenic walkways, paths, multiple infinity edge pools, and extensive landscaping will create a park-like setting designed to respect and enhance the natural landscape while maintaining all the benefits of Florida's modern, cosmopolitan feel. For application information please contact Blu Properties at 1-850-534-3099. For press inquiries please contact Vijay Chattha at solimar@vscconsulting.com and for images and corporate headshots please visit www.vscconsulting.com/ativas/.

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