The St. Joe Company reports developments tied to its Northwest Florida real estate, hospitality and commercial leasing operations. The company plans and develops residential communities, sells homesites to builders and retail buyers, and manages land-use opportunities across its real estate holdings.
News for JOE commonly covers quarterly operating results, dividend declarations, builder relationships, Watersound-branded communities, hospitality assets such as hotels, golf, club and marina operations, and commercial projects that expand recurring leasing revenue. Updates also include Watersound Club communications, brokerage and title-related services, and recognition for properties within the company’s hospitality portfolio.
Construction has officially begun on 13 model homes at Latitude Margaritaville Watersound, a planned 55-and-better community developed by Minto, Margaritaville Holdings, and St. Joe Company (NYSE: JOE). The model homes, designed with a tropical vibe, will open in April 2021. The first phase includes 248 homes out of a total 3,500 planned. This site, located in Florida's Bay-Walton Sector Plan, complements St. Joe's extensive landholdings. The community promises resort-style amenities and aims to attract active adult buyers seeking a vibrant lifestyle.
The St. Joe Company (NYSE: JOE) has released a video showcasing progress on its development projects as of October 1, 2020. The video highlights ongoing work on various projects, including a proposed hotel and restaurant at the Panama City Marina property. However, the company cautions that these forward-looking statements are subject to risks, such as potential delays in construction and uncertain customer interest. Investors can view the video and find more information on St. Joe's project pipeline on their website.
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