THE ST. JOE COMPANY

“We are making this investment in downtown Panama City with the anticipation that it can be a catalyst for other investments that over time, will make downtown Panama City a vibrant destination to live, work and visit." said Jorge Gonzalez, President and CEO for St. Joe.

“One of the things that will make this project unique is the diversity of the units available for lease,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. “The three-bedroom townhome-style units will feature garages making them ideal for working families. The one and two-bedroom apartments will fill a need for the local workforce with proximity to several area employers.”

“The start of construction on the model homes at Latitude Margaritaville Watersound represents another significant milestone for this community,” said Jorge Gonzalez, President and CEO of St. Joe. “We look forward to welcoming future residents to visit the community and tour the model homes in early 2021. In addition to the homes and amenities that are being planned for Latitude Margaritaville Watersound, the community’s proximity to Northwest Florida Beaches International Airport, the beach and local shopping centers is sure to appeal to 55-and-better home buyers from across the country.”

“Last year, more than four million travelers vacationed in the area, a number that has been on the rise for several years. This planned hotel provides another option for future travelers as they discover this incredible destination and explore the area’s natural beauty ”said Patrick Murphy, Senior Vice President of Hospitality for St. Joe.