Naidip Capital and Ativas Development Group Announce Largest Luxury Residential Development on Panama City Beach, Florida
June 1, 2005
(PANAMA CITY BEACH, FLA) - 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.
"The opportunity to develop a landmark destination on this site of great natural beauty is unique, given the limited amount of waterfront property available in Florida, The development team has created a resort where all residents will enjoy sunrises, sunsets, white sand, and endless views of emerald green waters on the Gulf of Mexcio" states Naidip Capital President Pradip C. Patel.
On Saturday June 18th, beginning at 10 am Solimar Resort and Spa will begin a priority application process for units at 13626 Front Beach Rd across from the Fiesta. For application information please contact Blu Properties at 1-850 534-3099. For press inquiries please contact Vijay Chattha at solimar@vscconsulting.com.