The Italian QSR brand is set to make mid-May debut near Bay City Point shopping center. PANAMA CITY, Fla. – The Sunshine State can’t get enough of Fazoli’s Fast. Fresh. Italian., which is why the brand is expanding into Panama City! Fazoli’s first Panama City restaurant is currently under construction at 2219 MLK Blvd., with a grand opening slated for mid-May. When the new 2,300-square-foot restaurant makes its debut, Fazoli’s will serve its premium, craveable Italian dishes and signature hot, fresh breadsticks.