The St. Joe Company announced commencement of development of a new 216-unit apartment community to be a part of its larger master planned community in Mexico Beach, Florida. Site work for the apartment community is underway on the west end of Mexico
Beach near U.S. Highway 98 and the town's public boat ramp. St. Joe is creating the planned apartment
community with joint venture partner HomeCorp. These apartments will join a 42-unit townhome community
currently under development in St. Joe's master planned community which is planned for a total of 944
residences to include a mix of single-family homes and additional apartments and townhomes as well as a walkable
commercial village.