Resia, formerly known as AHS Residential, will be establishing a manufacturing operation in Bay County, Florida
Panama City, Florida – (June 14, 2022) – The Bay Economic Development Alliance, an agent of the Bay County Commission (Bay EDA), announced today that Resia, formerly known as AHS Residential, will be establishing a manufacturing operation in Bay County, Florida. Resia headquartered in Miami, Florida, is an award-winning, vertically integrated real estate company that specializes in developing, building, and managing high-quality multifamily communities across the United States. Resia has a property management team, a land acquisition division, and in-house design and construction team that includes a full staff of architects, engineers, and project managers. Based in South Florida, Resia currently has more than 5,000 units under development in fast-growing metros in Florida, Texas, Georgia, and has plans for Colorado, D.C., and Arizona. The company intends to deliver 8,000 new apartment units annually by 2025. A key to Resia’s accelerated growth is its modular construction approach, which enables the company to build apartment communities 30 to 40 percent faster than traditional methods.
“We are excited about opening our new operation in Bay County, Florida. Our construction method allows us to build quickly and achieve cost-savings that are passed on to our residents,” said Ernesto Lopes. President and CEO of Resia. “Our new facility will enable us to deliver on that mission while creating high skilled jobs.” For this manufacturing operation in Bay County, Resia will be building a 200,000sf state of the art facility. The company is in negotiations to build the factory on a site in VentureCrossings Enterprise Centre. The company will make a capital investment of more than $40M and will create 200 new jobs in Bay County.
This project was made possible through the combined efforts of Bay EDA, Bay County Board of County Commissioners, Florida’s Great Northwest, Triumph Gulf Coast Fund, University of West Florida – “Industry Resilience and Diversification Fund” and CareerSource Gulf Coast. Will Cramer, Chairman of the Bay Economic Development Alliance and Chief Financial Officer of Bill Cramer Chevrolet, stated, “It is a privilege to welcome Resia to Bay County. We are proud to partner with Resia to bring advanced manufacturing jobs to our community. This project is an example of how great our public/private partnerships work together to bring high paying, quality jobs to our area. We are thrilled with the positive economic momentum our county is experiencing and we look forward to continuing our growth with Resia and other partners.”
The Bay County Commission has been intimately involved with the progression of this project. Bay County Commissioner, Bill Dozier, stated, “Resia will be an excellent company in Bay County. This project will be very impactful for our community by bringing manufacturing jobs to one of our areas of focused growth within the County. The project will be located in a premier business park near our incredible new airport and will employ 200 people in a growing area of Bay County, Florida.”
As we welcome Resia into Bay County, CareerSource Gulf Coast is will be recruiting talent to join this organization. Anyone interested in pursuing a career with Resia is encouraged to contact CareerSource at csjobs@careersourcegc.com.
About Resia
Resia, formerly known as AHS Residential, is an award-winning, vertically integrated real estate company that specializes in developing, building, and managing quality multifamily communities across the United States. Our mission is to deliver exceptional living experiences to the millions of American households currently spending more than half of their income on rent. Resia is a division of MRV&Co (MRVE3:BZ), one of the largest homebuilders in the world. For more information, please visit www.liveresia.com
About Bay Economic Development Alliance
The Bay County Economic Development Alliance (Bay EDA) is Bay County’s economic development entity. Publicly and privately funded, Bay EDA serves Bay County in the mission of supporting the existing businesses in Bay County and the recruitment of new businesses to Bay County. Bay EDA supports the existing pillars of the economy and is dedicated to growing and diversifying the Bay County economy.