The St. Joe Company Announces New Tenant Openings at Watersound® Town Center as Construction Continues on Future Leasable Space
04 Juin 2024 - 11:46PM
Business Wire
The St. Joe Company (NYSE: JOE) (“St. Joe”) announces the
opening of several restaurant, retail and office tenants at
Watersound Town Center, St. Joe’s open-air lifestyle center at the
entrance to the Watersound Origins® community in Inlet Beach,
Florida.
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© The St. Joe Company 2024. All Rights
Reserved. “Watersound® ” is a registered service mark of The St.
Joe Company.
FedEx Office, friends 30A Burger Bar, Sweet Henrietta’s, Nigel’s
Bananas and Watersound Executive Suites are now all open for
business. These businesses join more than a dozen existing tenants
in the growing lifestyle center, while construction continues on
additional leasable space.
“The tenant mix at Watersound Town Center continues to evolve to
serve the growing number of residents and visitors to this area,”
said Samantha Walton, Director of Commercial Sales and Leasing for
St. Joe. “We plan to continue constructing more leasable space to
meet the demand that we are seeing from local, regional and
national tenants.”
Watersound Town Center tenants that are anticipated to open soon
include Starbucks, Electric Cart Watersound, F. Reese Harrison,
DMD, Summer House Lifestyle and Halo Salon & Blowout Bar. A
second phase of Watersound Executive Suites is under construction
to meet demand as the first phase is 100% leased.
Additionally, Quest Hospitality Concepts, LLC is bringing a
high-end sports tavern concept to Watersound Town Center. Plans for
the restaurant include elevated American pub fare and craft
cocktails. It is anticipated to open in 2025 in the multi-tenant
building adjacent to the Watersound Discovery Center.
2023 saw the opening of Village Market, Fleet Feet, Grand Nails
Lounge, Marco’s Pizza, Bahama Buck’s, Watersound Closings &
Escrow and the Watersound Discovery Center, which provides real
estate sales and community information. These tenants joined Publix
Super Market, Publix Liquors, Ascension Sacred Heart, Ambrosia
Prime Seafood & Steaks, Capital City Bank, Dermatology
Specialists of Florida and Aqua Medical Spa.
Watersound Town Center currently features approximately 138,000
square feet of leasable space with an additional 16,000 square feet
under construction as well as a covered event pavilion and green
space that hosts cultural events throughout the year. Plans call
for the center to include approximately 400,000 square feet of
space.
More information on Watersound Town Center can be found at
www.watersoundtowncenter.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 Watersound Town Center, including future
retail, dining, office and medical concepts, future tenant opening
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, 2023 and
subsequent current report filings as well as (1) the ability of
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 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.
©2024 The St Joe Company. “St. Joe®”, “JOE®”, the “Taking
Flight” Design®, “St. Joe (and Taking Flight Design,)®”,
“Watersound Origins®” and “Watersound®” are registered service
marks of The St. Joe Company or its affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20240604187652/en/
St. Joe Investor Relations Contact: Marek Bakun Chief Financial
Officer 1-866-417-7132 marek.bakun@joe.com
St. Joe Media Relations Contact: Mary Beth Lovingood Corporate
Director of Marketing 1-850-231-6583 marybeth.lovingood@joe.com
St Joe (NYSE:JOE)
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