THE ST. JOE COMPANY

“This apartment community gives St. Joe an opportunity to partner with an industry-leader in Flournoy to meet the current and future demand that we are seeing in Panama City Beach,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. “We look forward to the construction of these apartment homes and making them available for lease to prospective residents.”

“Walton County is growing in both population and new businesses,” said Jorge Gonzalez, President and CEO of St. Joe. “The planned location of this self-storage facility at South Walton Commerce Park is in close proximity to much of that growth and the facility is being designed to meet the needs of both local residents and the business community. This project further advances our strategy of pursuing opportunities to create recurring income for the creation of long-term shareholder value while meeting the demands of the local marketplace.”

"After a period of planning and preparation, we are excited to begin development at Latitude Margaritaville Watersound. We believe that Northwest Florida is the perfect location for this Latitude Margaritaville community. This region is uniquely suited to offer the type of lifestyle residents of these communities have come to enjoy.”

“This development is ideally situated in the heart of Panama City Beach’s shopping, dining and entertainment district,” said Dan Velazquez, Senior Vice President, Commercial Real Estate for St. Joe. “We continue to field interest from potential tenants looking to join Sky Zone in bringing creative retail and entertainment concepts to Panama City Beach. With the growth of Northwest Florida Beaches International Airport’s passenger count, new residential communities being developed and record numbers of visitors coming to Panama City Beach, we feel that now is the time to initiate this project and engage with businesses looking to join thriving retailers in the greater Pier Park area.”