121 0 Kommentare The St. Joe Company Announces the Commencement of Development of a New Master Planned Community in Mexico Beach, Florida - Seite 2

“We are approaching this master planned community one step at a time, and the first phase of the townhome community is a logical first step,” explained Bridget Precise, Senior Vice President of Residential Real Estate for St. Joe. “This community is intended to cater to permanent residents living in the area which we anticipate will include military families, long-time residents and people moving to Mexico Beach to enjoy its unique gulf coast lifestyle.”

“In the nearly three years since Hurricane Michael, our community has been making progress towards rebuilding our town while maintaining and preserving the charm and character that makes it such a special place,” said, Al Cathey, Mayor of Mexico Beach. “The start of work on the first phase of this project is a welcomed addition and represents a great milestone in our rebuilding process.”

Site work on the townhome community began earlier in 2021.

Important Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements,” within the meaning of Section 21E of the Exchange Act, including statements regarding the proposed master planned community in Mexico Beach, Florida. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent filings, as well as the following: (1) expectations regarding the redevelopment of Tyndall Air Force Base and the corresponding increase in residential demand, (2) the ability of St. Joe to complete the purposed community and (3) the interest of prospective residents and commercial tenants in Mexico Beach, Florida.

About The St. Joe Company

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information.