THE ST. JOE COMPANY

“With the need for rentable space of this type in Bay County following Hurricane Michael, we believe that this is the right time to accelerate this project and begin construction. Should demand remain strong, we will consider constructing more leasable space within the commerce park.”

Master developer Minto Communities USA  global lifestyle brand Margaritaville Holdings and The St. Joe Company  announce the official formation of their joint venture to develop Latitude Margaritaville Watersound.The first phase of the project is anticipated to include approximately 3,500 homes with supporting sales center, community amenities and infrastructure for the 55-and-better community. The community is projected to break ground by the end of 2019.

“Companies that are selecting new sites often value easy access to convenient air service and highways. With close proximity to the airport and easy access to Interstate 10, VentureCrossings provides the convenience and access businesses desire,” said Dan Velazquez, Senior Vice President of Commercial Development for St. Joe.

“This new residential community is one of several that were a part of St. Joe’s long-term development plans that have been accelerated in response to the housing shortage created by Hurricane Michael,” said Jorge Gonzalez, President and Chief Executive Officer for St. Joe.