THE ST. JOE COMPANY

“This development comes at a time when demand for hotel space in the Pier Park area is high. Visitation to Panama City Beach has been rising for the past several years with Northwest Florida Beaches International Airport surpassing the one million passenger mark for the first time last year,” said Jorge Gonzalez, President and CEO of St. Joe. 

“This relocation will put us closer to many of our key projects,” said St. Joe President and CEO, Jorge Gonzalez. “Our future home at Beckrich Office Park puts our team in close proximity to several residential, hospitality and commercial projects that we currently have in development.”

“The Titus Park Community is one of several projects that St. Joe has accelerated in response to market conditions created by Hurricane Michael,” said Bridget Precise, Senior Vice President, Residential Real Estate for St. Joe. “We believe the current housing shortage that exists in Bay County makes now the right time to move forward with the Titus Park community and other residential projects to create new housing for the area.”

“This joint venture aligns with our strategy to partner with best-in-class operators to continue to grow and diversify recurring operating income,” said St. Joe President and CEO Jorge Gonzalez. “Busy Bee has a proven track record of successful operations and strong brand loyalty. We are very pleased to have partnered with Johnson & Johnson and we look forward to introducing Busy Bee to Panama City Beach.”