PANAMA CITY BEACH, Fla.–(BUSINESS WIRE)–Oct 8, 2020–
The St. Joe Company (NYSE: JOE) (“St. Joe”) today announces plans for a new 240-unit apartment community in Panama City, Florida. St. Joe intends to develop and construct the community on Star Avenue approximately one mile from State Road 231. This location is within the municipal limits of the city of Panama City.
Plans call for the project to include 108 one-bedroom apartments, 108 two-bedroom apartments and 24 three-bedroom townhome-style apartments. “One of the things that will make this project unique is the diversity of the units available for lease,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. “The three-bedroom townhome-style units will feature garages making them ideal for working families. This location is along the growing State Road 231 corridor in Panama City and is approximately one mile from the neighborhood’s elementary and middle schools and is