Retrofit Atlas

Malls · Florida

Panama City Mall

Imported, unreviewedRedevelopedClosedPanama City, FL

Opened 1976. Closed 2018. Redeveloped in 2020.

Status nowClosedextracted, unreviewed
documented
On December 5, 2018, owner Hendon Properties announced the mall's permanent closure, citing rebuilding costs as the primary factor after catastrophic damage from Hurricane Michael.

en.wikipedia.org

What it becamehotel, housing, office, retailextracted, unreviewed reported
Retrofit year2020extracted, unreviewed reported
Walkability14.2 of 20 · 15-minute 4 of 6EPA, OpenStreetMap
Rail within 800 mNoOpenStreetMap, HUD
Claim this site Deal kit Ask who owns this
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Download dossier (PDF) · early access Download record (JSON) API Share LinkedIn Correct this record

Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.

Panama City Mall
Exterior sign of Panama City Mall with event details displayed. · verified by a vision model. Photo: Balon Greyjoy, CC0, via Wikimedia Commons.

Site profile18 elements · what this site is built with · tap a chip for the evidence

Former anchors
J. C. PenneyThis site: J. C. Penney wikipedia · all sites with this
SearsThis site: Sears wikipedia · all sites with this
Finance and pipeline
On FacebookThis site: …https://www.facebook.com/667079219970569 overture · all sites with this
Website aliveThis site: …http://www.PanamaCity-Mall.com/ overture / http check · all sites with this
Place
Grocery within 800 mThis site: 2 stores openstreetmap · all sites with this
High hurricane riskThis site: Very High fema-nri · all sites with this
High natural hazard risk (FEMA NRI)This site: Very High; hurricane, tornado, lightning fema-nri · all sites with this
High social vulnerability tract (SVI ≥ 0.75)This site: 0.99 cdc-svi · all sites with this
High tornado riskThis site: Relatively High fema-nri · all sites with this
Lower-income tract (< $50k)This site: $28,416 census-acs · all sites with this
Renter-majority tractThis site: 77% census-acs · all sites with this
Shrinking countyThis site: -0.6% census-acs · all sites with this
Walkable block group (EPA ≥ 12)This site: …index 14.2 epa-walkability · all sites with this
Strategy
RedevelopedThis site: Dillard's reopened in October 2018, with reduced store hours, and has since returned to normal hours. On August 30, 2019, J.C. Penney reopened for business. extraction · all sites with this
New use
HotelThis site: …new_use field extraction · all sites with this
HousingThis site: …new_use field extraction · all sites with this
OfficeThis site: …new_use field extraction · all sites with this
Retail (continued)This site: …new_use field extraction · all sites with this

All elements and lists · Trends

Now

StatusClosedextracted, unreviewed
documented
On December 5, 2018, owner Hendon Properties announced the mall's permanent closure, citing rebuilding costs as the primary factor after catastrophic damage from Hurricane Michael.

en.wikipedia.org

StrategyRedevelopedextracted, unreviewed
documented
However, a possible redevelopment of the site was proposed in July 2020 for a potential redevelopment for an open-air retail center with a hotel, residential apartments, and office space, much like Pier Park to the west in Panama City Beach.

en.wikipedia.org

New useshotel, housing, office, retailextracted, unreviewed reported
What is there nowDillard's reopened in October 2018, with reduced store hours, and has since returned to normal hours. On August 30, 2019, J.C. Penney reopened for business.extracted, unreviewed
documented
Dillard's reopened in October 2018, with reduced store hours, and has since returned to normal hours. On August 30, 2019, J.C. Penney reopened for business.

en.wikipedia.org

Retrofit year2020extracted, unreviewed reported

History and original facts

Opened1976Wikidata reported
Closed2018extracted, unreviewed
documented
On December 5, 2018, owner Hendon Properties announced the mall's permanent closure, citing rebuilding costs as the primary factor after catastrophic damage from Hurricane Michael.

en.wikipedia.org

Original developerCharles N. Agreeextracted, unreviewed
documented
The mall, built by Charles N. Agree, opened in August 1976

en.wikipedia.org

AnchorsSears, J. C. Penney, Gayfers
CountyBay County
Census division5 · South Atlantic
NotesWikipedia categories: Defunct shopping malls in the United States

Not yet recorded: acres, GLA. Know it? Tell us.

Planning

No zoning change, subsidy or policy tool recorded for this site.

Securitised debt and public filers

Filings (2001 to date) that name “Panama City Mall” and “Panama City” (127 hits, first 100 sampled, 3 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2001-07-30 (a sample date, not the issuance date); candidate loan vintage 2001 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.

KindFilerFilingsDatesForms
CMBS trust (weak)FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC12001-07-30 to 2001-07-308-K 1
CMBS trust (weak)FIRST UNION COMMERCIAL MORTGAGE PASS THR CER SER 2001-C312001-08-31 to 2001-08-318-K 1
Public owner (strong)CBL & ASSOCIATES PROPERTIES INC (CBL)922002-07-25 to 2014-11-108-K 51, 10-K 25, 10-Q 11, 10-K/A 3
Public owner (strong)CBL & ASSOCIATES LIMITED PARTNERSHIP72013-11-06 to 2014-11-1010-Q 4, 8-K 2, 10-K 1
Public owner (weak)N1 Liquidating Trust12019-02-05 to 2019-02-058-K 1

As reported by the owner

Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.

Year endFilerName in filingGLA sq ftOccupancyYearsShareSales psfAnchors listed
2009CBL & Associates Properties 10-K, 2010-02-22Panama City Mall Panama City, FL
match: exact		605,153
in-line 222,964		95.0% leasedbuilt 1976 / acquired 2002 / renovated 1984100.0%$211Dillard's, JC Penney, Sears
2006CBL & Associates Properties 10-K, 2007-03-01Panama City Mall Panama City, FL
match: exact		603,868
in-line 221,561		99.0% leasedbuilt 1976 / acquired 2002 / renovated 1984100.0%$309Dillard’s, JC Penney, Linens N Things, Sears

Before and after

Before: the mall

Enclosedyesquote
ArchitectCharles N. Agreequote

After: the retrofit

Nothing extracted yet.

Hover "quote" to see the sentence each value came from. Planned figures are labelled planned. Method.

Site context

FEMA flood zoneX · AREA OF MINIMAL FLOOD HAZARDFEMA NFHL
EPA-regulated facilities within 500 m13: AMERICAN SCRAP METALS CO; CENTURY BOATS GMI - SEARS; CHICK-FIL-A BAY CITY POINT FSU #3788; GAS STATION; MCDONALDS COVE RELOEPA FRS
Census tract 120050016002,692 people, 1,219 per sq mi; median household income $28,416; median gross rent $982; 77% renters; 20.0% vacant units; 0.0% commute by transitACS 2023 5-year
Walkability (EPA, block group)index 14.2 of 20; 37 intersections per sq mi; nearest transit stop 331 m; land-use mix 0.83; 19,144 jobs within 45 min by car, 18,832 by transit; 14% of households without a carEPA Smart Location
Within a 10–15 minute walk (800 m)4 of 6 daily needs: 2 grocers, 2 schools, 0 parks or playgrounds, 5 health, 0 civic, 25 food and drink; 7 cycleway segments, 166 sidewalk-tagged segmentsOpenStreetMap
Opportunity ZonenoHUD
Housing permits, Bay County (FL), 2024559 units in 5+ unit buildings, 28 in 2–4, 1,886 single-family; 2023: 477 in 5+Census BPS
Social vulnerability (CDC SVI 2022, tract)overall percentile 0.99; socioeconomic 0.98; housing and transport 0.86; 57% below 150% of poverty; 10% of households with no vehicleCDC/ATSDR
Overture Mapsplace Panama City Mall (shopping_mall, confidence 0.64, from Overture, Overture-signals, meta); building footprint 32,206 m²Overture (CDLA-Permissive 2.0)
Website and socialwww.PanamaCity-Mall.com (alive); archived 2001–2026 (Wayback) · social: facebookOverture / Internet Archive
Attention: Wikipedia page views38,875 since 2015; 2,763 in the last 12 months (-7% vs the prior 12); peak 2018-10 with 956Wikimedia
Tract change 2013–2023population -30% (3,820 → 2,692); median income +17% ($24,362 → $28,416); renters 60% → 77%; median home value +135% ($76,600 → $179,800)Census ACS 5-year
Natural hazard risk (FEMA National Risk Index, tract)very high overall (score 98.2); expected annual loss $5.2M; high: hurricane, tornado, lightning; community resilience relatively lowFEMA NRI
Tax-credit housing within 1 kmnoneHUD LIHTC
Retail trade in the county, 2025 (BLS QCEW)12,100 jobs in 884 establishments; average annual pay $39,737; employment location quotient 1.47; employment +0.2% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 20225,822 jobs; 874 in retail trade, 1,041 in accommodation and food (workplace blocks summed to tract 12005001600)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)children of low-income (25th percentile) families reached the 31st income percentile as adults; 8.3% incarcerated at the 2010 count (870 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)low-income, low-access tract (1 mile urban / 10 miles rural); 74% of residents more than 1 mile from a supermarket; poverty rate 30.9%; median family income $37,618; 494 SNAP householdsUSDA ERS
SchoolsBay County School District (PK-12); 0 public schools within 1 mileNCES EDGE
Elevation34 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-2025344 county-logged events: 160 thunderstorm wind, 113 flash flood, 24 hail, 22 tornado; $24,887,000 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 32405, 2026-09median list price $334,975 (-7.2% on the year); 148 active listings; median 103 days on market; 28% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 2023821 establishments (+1%); 11,572 jobs (+11%)Census CBP
Housing market in the countytypical home value $343,009 (-0% 1 yr, +16% 5 yr); typical rent $1,735/mo (+2% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)28,500 vehicles a day on MLK BLVD (principal arterial, 4 lanes); 1,482 trucks; 27 counted segmentsFHWA HPMS

Summary, model-written

Opened in 1976 as an enclosed mall with J.C. Penney, Gayfers (later Dillard’s), and Sears as anchors. Ownership shifted to Hendon Properties after purchasing from CBL & Associates in 2013, and the mall suffered major damage from Hurricane Michael, leading to its permanent closure in 2018. Although Dillard’s and J.C. Penney reopened as standalone stores, a 2020 proposal called for redeveloping the site into an open‑air retail center with hotel, housing, and office space.

Why. The closure resulted from anchor store losses—Sears closed in 2018 and J.C. Penney was later put up for sale—combined with extensive hurricane damage; no explicit debt or demolition reasons are stated in the record.

Where it stands. The enclosed mall remains closed, with Dillard’s and J.C. Penney operating as separate stores, and Hendon Properties listed as the current owner.

For a planner

  • Redevelopment strategy already indicated (hotel, housing, office, retail) mirroring nearby Pier Park open‑air model.
  • Policy tools such as zoning changes or incentives would be needed to convert the enclosed mall to an open‑air format.
  • Open questions include the status of entitlements, community acceptance, and financing for the proposed mixed‑use project.

For a developer

  • Controlled by Hendon Properties; proposed mixed‑use redevelopment (hotel, housing, office, retail) announced in 2020.
  • Median rent in the tract is $1,424, indicating rental market strength for housing component.
  • Site size, flood risk, transit proximity, and environmental constraints are not specified in the record.

What we do not know yet

  • Exact site acreage and current ownership timeline are missing.
  • Details of the 2020 redevelopment proposal—such as site plans, approvals, or developer partners—are not provided.
  • Flood zone status, transit access, and any environmental constraints are unknown.
  • Financial obligations, debt, or demolition costs associated with the closed mall are not stated.
  • Fields such as year_retrofit, after_notes, strategy, and new_use are model‑extracted and marked as unverified (draft).

Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

  • Hickory Hollow Mall, Nashville, TN · Malls · opened 1978; closed 2019; same strategy: redevelop
  • CityPlace Burlington, Burlington, VT · Malls · opened 1976; closed 2022; same strategy: redevelop
  • Crossroads Mall, Oklahoma City, OK · Malls · opened 1974; closed 2017; same strategy: redevelop
  • DeSoto Square Mall, South Bradenton, FL · Malls · opened 1973; closed 2021; same strategy: redevelop

Elsewhere on the web

Pages with photos

Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar

Multifamily screen

  • retrofit already built
  • closed or demolished site (sourced)
  • median rent $1,424
  • housing in the record

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

Background

Panama City Mall was a single story enclosed shopping mall in Panama City, Florida. Opened in 1976, it featured J. C. Penney, Gayfers, and Sears as its anchor stores. As of September 2013, it was owned and managed by Hendon Properties of Atlanta, which purchased it from CBL & Associates Properties. The mall closed due to Hurricane Michael and received major damages. It will not be reopening. However, a possible redevelopment of the site was proposed in July 2020 for a potential redevelopment for an open-air retail center with a hotel, residential apartments, and office space, much like Pier Park to the west in Panama City Beach.

Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.

Timeline

  1. 1976 Opened (Wikidata)
  2. 1976 Opened
  3. 1982 East Wing and J.C. Penney anchor store completed
  4. 1999 Gayfers rebranded by Dillard's
  5. 2015 Sears Holdings spun off 235 properties including the Sears at Panama City Mall into Seritage Growth Properties
  6. 2018 Sears announced closure of its location at the mall
  7. 2018 Hendon Properties announced mall's permanent closure
  8. 2018 Dillard's reopened
  9. 2019 J.C. Penney reopened
  10. 2020 JCPenney put 21 stores up for sale, including this location
  11. 2020 Possible redevelopment proposed for open-air retail center with hotel, residential apartments, office space

Sources

  • Wikipedia: Panama City Mall · supports: after notes, original developer, status, strategy, year closed
    15 quoted sentences
    On December 5, 2018, owner Hendon Properties announced the mall's permanent closure, citing rebuilding costs as the primary factor after catastrophic damage from Hurricane Michael.
    The mall, built by Charles N. Agree, opened in August 1976
    Dillard's reopened in October 2018, with reduced store hours, and has since returned to normal hours. On August 30, 2019, J.C. Penney reopened for business.
    On December 5, 2018, owner Hendon Properties announced the mall's permanent closure, citing rebuilding costs as the primary factor after catastrophic damage from Hurricane Michael.

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