The St. Joe Company and HomeCorp Announce the Construction of an Additional 120 Apartment Homes at Pier Park Crossings in Panama City Beach, Florida
WATERSOUND, Fla.--(BUSINESS WIRE)--Dec. 5, 2019--
In June of 2018, St. Joe and HomeCorp began the construction of the first phase of apartment homes at Pier Park Crossings located on
“Demand for high quality apartment homes at Pier Park Crossings has been extremely strong since we announced the first phase of the project,” said
Pier Park Crossings offers one, two and three bedroom units featuring nine-foot ceilings, screened balconies, a washer/dryer and granite countertops. Community amenities include a zero-entry saltwater swimming pool, 24-hour health and fitness center, a theater room and children’s playground. Included in the plans for the second phase of construction are an additional zero-entry saltwater swimming pool and an amenity center.
“The response that we’ve seen at Pier Park Crossings from prospective tenants has been very positive,” said
Site work on the second phase is currently underway. Plans call for these apartment homes to be available for lease in late 2020.
The second phase of apartment homes at Pier Park Crossings is one of approximately 30 new residential, commercial or hospitality projects that St. Joe has or intends to initiate in 2019 or in early 2020. For more information on the company’s current project pipeline, see the company’s Business Strategy section of the 2018 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the
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 construction of apartment homes at Pier Park Crossings and prospective tenant interest in
HomeCorp, a fully integrated real estate organization since 1987, is a recognized leader in the ownership, management, acquisition and development of multi-family residences. More information about HomeCorp can be found on its website at www.homecorpinc.com.
©The St Joe Company 2019. “St. Joe®”, “JOE®”, the “Taking Flight” Design®, “St. Joe (and Taking Flight Design) ®” and “Pier Park®”, are registered service marks of The
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