The St. Joe Company Announces Plans for a New Residential Community South of US 231 in East Bay
County
The St. Joe Company (NYSE: JOE) (“St. Joe”) today announces plans for a new residential community with potential of
approximately 800 homesites on 592 acres in the Bay County, Florida area known as Brannonville, to meet the growing demand for
workforce housing.
“News of this development comes at a crucial time as the residents of Bay County recover from the effects of Hurricane Michael,”
said Philip Griffitts, Chairman of the Bay County Board of County Commissioners. Mr. Griffitts added, “St. Joe has a proven track
of quality residential developments and we are pleased they are advancing plans with this project, which will support the housing
needs for many residents.”
“The shortage of workforce housing in the region is why St. Joe chose to advance plans for Brannonville,” said Bridget Precise,
Vice President of Residential Development at St. Joe. Ms. Precise added, “The scale of this site allows for various lot sizes,
builder interests, phased expansions, and a quick start.”
Jorge Gonzalez, President and Chief Executive Officer of St. Joe said, “The Brannonville project is one of many announced this
year. All of us at St. Joe are committed to a healthy and prosperous Bay County. We are working hard every day to create long-term
value for all stakeholders in Northwest Florida.”
St. Joe is currently in the permitting process for the first phase of the community which is anticipated to include 41 homesites
and site work is expected to begin in 2019.
For more information about St. Joe, please visit us at
www.joe.com.
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 plans to develop 41 new homesites in this new community. 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 Third Quarter
Report on Form 10-Q filed with the SEC on October 31, 2018 as updated by subsequent current report filings, as well as the
following: (1) the ability to successfully complete Phase I and subsequent phases of the proposed new community and the new
homesites, and (2) the interest of prospective buyers for the new homesites in the community.
About The St. Joe Company
The St. Joe Company, together with its consolidated subsidiaries, is a real estate developer and manager. The Company owns land
concentrated primarily in Northwest Florida and has significant residential and commercial land-use entitlements in hand or in
process. The Company also owns various commercial, resort, and club properties. More information about the Company can be found on
its website at
www.joe.com.
©The St Joe Company 2018. “St. Joe®”, “JOE®”, the “Taking Flight”
Design®, “St. Joe (and Taking Flight Design) ®”,
“Watersound®” and “Watersound Origins®” are registered service marks of The
St. Joe Company or its affiliates.
St. Joe Investor Relations Contact:
Marek Bakun
Chief Financial Officer
1-866-417-7132
marek.bakun@joe.com
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