Watersound Town Center Sees New Tenant Openings and Announces Future Retail and Dining Concepts - Seite 2

“It has been exciting to see the first Watersound Town Center tenants open their doors and start welcoming customers,” said Samantha Walton, Director of Sales and Leasing for The St. Joe Company (NYSE: JOE), Watersound Town Center’s owner. “We intend for this center to become a convenient destination for people whether they are running their weekly errands, visiting a professional office or spending a leisurely day strolling the town center and discovering new and unique restaurants and shops.”

In addition to the building for Publix Super Market and the neighboring inline space and the Capital City Bank, several new buildings are currently under construction at Watersound Town Center that are anticipated to be completed in 2023. Plans call for several thousand square feet of retail and office space at full build-out.

Watersound Town Center Photo Library: https://joe.canto.com/b/GI7D5

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 Watersound Town Center, including future retail and dining concepts, future tenant openings and planned business openings. 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, 2021 and subsequent filings, as well as the following: (1) the ability of the Watersound Town Center and St. Joe to complete the proposed construction projects as currently contemplated and on the expected timeline and (2) the interest of prospective tenants and customers.

About Watersound Town Center

Watersound Town Center, an open-air lifestyle center, is ideally situated just two miles from the white-sand beaches along the Gulf of Mexico and the iconic Scenic Highway 30A corridor. The center, which offers retail, dining, office and medical space, boasts clean, modern architecture, inviting gathering spaces and a walkable design creating the area’s premier destination for shopping, dining and working. A covered, open-air pavilion frequently hosts local events as well as a recurring farmers’ market. With the first retail tenants opening in 2022 and years of growth planned, Watersound Town Center is positioned to be home to a diverse mix of unique shops and restaurants, entertainment concepts and professional services in one of the fastest growing regions in the country. More information is available at www.watersoundtowncenter.com.