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Panama City CRA approves Sankofa development agreement for Glenwood Town Center
Summary
The Panama City Community Redevelopment Agency board approved a development agreement with the Sankofa Group for the Glenwood Town Center, a mixed‑use project centered on a grocery store and housing with affordable units; the agreement includes purchase price, performance milestones and reversion provisions.
The Panama City Community Redevelopment Agency on July 29 approved a development agreement with the Sankofa Group to redevelop 15 CRA‑owned parcels at the southwest corner of Martin Luther King Jr. Boulevard and 15th Street into the Glenwood Town Center, including a grocery store and multifamily housing.
The agreement sets a $415,000 purchase price for the 15 parcels and requires a grocery store on site and apartments with at least 20% of…
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