The first phase of the Latitude Margaritaville Watersound community is planned for 3,500 homes with additional phases to follow. In 2022, the community celebrated its 1,000th home sale. Joe broke ground on Latitude Margaritaville Watersound, a Jimmy Buffet-Buffett themed 55 and older community, in 2020. With joint venture partner Minto Communities USA, St. Residential communities that the company continues to develop with new phases include Watersound Origins in Walton County Florida, Breakfast Point in Panama City Beach, Ward Creek in Bay County Florida and WindMark Beach - a master-planned community near Port St. Joe developed the resort communities of Watersound Beach and neighboring Watersound West Beach. The WaterColor community features more than 1,000 residences, a 67-room hotel, shops and restaurants and numerous parks spread over 499 acres.įollowing the WaterColor community, St. Joe Company's residential development activities consist primarily of single family home neighborhoods, active adult communities and workforce housing.ĭevelopment of the waterfront community of WaterColor was completed in 2022. In addition to its development activities, the Company operates many assets in its commercial and hospitality segments. The Company divides its development projects into three main segments: residential, commercial and hospitality. While doing so it also places tens of thousand of acres of land into permanent conservation. Joe Company's primary activity is development of its land holdings in Northwest Florida. Joe Company to develop more than 170,000 residential dwelling units, more than 22 million square feet of retail, commercial and industrial space and more than 3,000 hotel rooms on lands it owns within Bay and Walton Counties. The 50-year Bay-Walton Sector Plan gives legal rights for The St. Joe Company’s current total land holdings in Northwest Florida (including areas outside of the Bay-Walton Sector Plan) is about 171,000 acres. Joe Company's land holdings are in the Bay/Walton County area, 110,500 acres of which are being developed under a 50-year plan, with 53,000 acres being placed into conservation. Joe Company sold more than 380,000 acres – to AgReserves for $562 million, retaining strategic land holdings concentrated in Northwest Florida.Įventually – in 2020 – the company HQ moved into the newly constructed corporate offices in the Beckrich Office Park on R. In 2022, approximately 1.5 million passengers flew through ECP. At the time, the old airport being replaced handled about 300,000 passengers per year. In 2010, Northwest Florida Beaches International Airport (ECP) opened on 4,000 acres of land donated by The St. Joe Company transitioned from a paper/industrial focus to land development, and in 2010 moved its corporate offices from Jacksonville, FL to the Walton County/ Bay County area to be closer to the majority of their future development holdings. Over time, properties in other parts of the state were sold as the Company began to focus on strategic land holdings in Northwest Florida. Joe Paper Company) was founded in 1936, and at one point was the second largest private landholder in the state of Florida, owning more than a million acres of property in the state. The company develops its land for a variety of uses including residential neighborhoods, hotels, apartment communities, leasable commercial space, office buildings and medical facilities among others. Joe Company owns that fall within the Bay-Walton Sector Plan, 53,000 acres were placed into conservation by the company. The company's land holdings are concentrated in Northwest Florida with the vast majority located in Bay and Walton counties. Joe Paper Company, the company still operates a forestry division but is primarily engaged in real estate development and asset management. Founded in 1936 and until 1966 known as St. Joe Company is a land development company headquartered in Panama City Beach, Florida.
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