SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 10, 2004
The St. Joe Company
Florida
1-10466 | 59-0432511 | |
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(Commission File Number) | (IRS Employer Identification No.) |
245 Riverside Avenue, Suite 500, Jacksonville, FL | 32202 | |
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(Address of Principal Executive Offices) | (Zip Code) |
(904) 301-4200
N/A
ITEM 9. REGULATION FD DISCLOSURE | ||||||||
SIGNATURES | ||||||||
EX-99.1 SUPPLEMENTAL INFORMATION |
ITEM 9. REGULATION FD DISCLOSURE
The purpose of this Form 8-K is to furnish Supplemental Information for the period ended December 31, 2003.
A copy of the Supplemental Information is furnished with this Form 8-K as Exhibit 99.1 and is incorporated by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE ST. JOE COMPANY | ||||
Dated: February 10, 2004 | By: | /s/ Michael N. Regan | ||
Name: Michael N. Regan | ||||
Title: Senior Vice President |
Exhibit 99.1
Supplemental Information For the Period Ending 12-31-03 |
Forward Looking Statement This document contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "anticipate", "expect", "estimate", "intend", "plan", "goal", "believe" or other words of similar meaning. All forward-looking statements, by their nature, are subject to risks and uncertainties. The Company's actual future results may differ materially from those set forth in the Company's forward-looking statements. In particular, discussions regarding (a) the size and number of commercial buildings and residential units; (b) development timetables, development approvals and the ability to obtain approvals; (c) anticipated price ranges of developments; (d) the number of units that can be supported upon full build-out; (e) absorption rates; and (f) expected gain on land sales are forward-looking statements. For further information about forward-looking statements, the reader should consult the risk factors and other disclosures contained in the periodic reports and other filings made by the Company with the Securities and Exchange Commission and in the Company's other written materials. |
Supplemental Information - St. Joe Commercial For the Period Ending 12-31-03 |
St. Joe Commercial
Land Positions Held for Investment
December 31, 2003
Net | Entitled | Original | |||||||||||||||
Market | Acres (a) | Sq. Ft. (b) | Cost | ||||||||||||||
Southeast |
|||||||||||||||||
Glenlake | Atlanta, GA | 9.8 | 700,000 | ||||||||||||||
Parkstone Plaza | Chantilly, VA | 19.1 | 240,000 | ||||||||||||||
Oak Park at Westchase | Houston, TX | 31.9 | 823,000 | ||||||||||||||
60.8 | 1,763,000 | ||||||||||||||||
Northeast Florida |
|||||||||||||||||
Golfway Center | St. Augustine, FL | 13.9 | 167,500 | ||||||||||||||
Southbank (Currington) | Jacksonville, FL | 0.3 | | ||||||||||||||
14.2 | 167,500 | ||||||||||||||||
Central Florida |
|||||||||||||||||
Millenia Park | Orlando, FL | 21.7 | 592,000 | ||||||||||||||
South Florida |
|||||||||||||||||
Beacon Square at Boca | Boca Raton, FL | 14.0 | 264,000 | ||||||||||||||
Total |
110.7 | 2,786,500 | $ | 43,000 | |||||||||||||
(a) | Represents net area defined as the total area exclusive of any public roadways, easements and other undevelopable areas. | |
(b) | Excludes entitlements related to land parcels that have been developed. |
St. Joe Commercial
Portfolio of Operating Properties Investment
December 31, 2003
Net | ||||||||||||||||
# of | Rentable | Leased | ||||||||||||||
Market | Buildings | Sq. Ft. | Percentage | |||||||||||||
Investment Property Portfolio |
||||||||||||||||
Prestige Place | Clearwater, FL | 2 | 144,000 | 86 | % | |||||||||||
Harbourside | Clearwater, FL | 1 | 147,000 | 92 | % | |||||||||||
Lakeview | Tampa, FL | 1 | 125,000 | 77 | % | |||||||||||
Palm Court | Tampa, FL | 1 | 60,000 | 68 | % | |||||||||||
Westside Corporate Center | Plantation, FL | 1 | 100,000 | 86 | % | |||||||||||
280 Interstate North | Atlanta, GA | 1 | 126,000 | 71 | % | |||||||||||
Southhall Center | Orlando, FL | 1 | 155,000 | 88 | % | |||||||||||
1133 20th Street, NW | Washington DC | 1 | 119,000 | 99 | % | |||||||||||
1750 K Street | Washington DC | 1 | 152,000 | 90 | % | |||||||||||
Millenia Park One | Orlando, FL | 1 | 158,000 | 68 | % | |||||||||||
Beckrich Office One | Panama City Beach, FL | 1 | 34,000 | 96 | % | |||||||||||
5660 New Northside | Atlanta, GA | 1 | 272,000 | 91 | % | |||||||||||
Southwood Office One | Tallahassee, FL | 1 | 88,000 | 73 | % | |||||||||||
Crescent Ridge | Charlotte, NC | 1 | 158,000 | 100 | % | |||||||||||
Windward Plaza | Atlanta, GA | 3 | 465,000 | 89 | % | |||||||||||
18 | 2,303,000 | 86 | % | |||||||||||||
St. Joe Commercial
Portfolio of Operating Properties Development
December 31, 2003
Net | ||||||||||||||||||||
# of | Rentable | Leased | ||||||||||||||||||
Market | Ownership % | Buildings | Sq. Ft. | Percentage | ||||||||||||||||
Development Property Portfolio |
||||||||||||||||||||
TNT Logistics | Jacksonville, FL | 100 | % | 1 | 99,000 | 83 | % | |||||||||||||
245 Riverside | Jacksonville, FL | 100 | % | 1 | 134,000 | 39 | % | |||||||||||||
Beckrich Office II | Panama City Beach, FL | 100 | % | 1 | 34,000 | 20 | % | |||||||||||||
Alliance Bank Building | Orlando, FL | 50 | % | 1 | 71,000 | 61 | % | |||||||||||||
Deerfield Commons I | Atlanta, GA | 40 | % | 1 | 122,000 | 77 | % | |||||||||||||
Westchase Corporate Center | Houston, TX | 93 | % | 1 | 184,000 | 94 | % | |||||||||||||
6 | 644,000 | 70 | % | |||||||||||||||||
St. Joe Commercial
Portfolio of Operating Properties Investment
Leasing Expirations
December 31, 2003
LEASE EXPIRATIONS | |||||||||||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||||||||||
Rentable | Leased | 2009 and | |||||||||||||||||||||||||||||||||||
Market | Sq. Ft. | Percentage | 2004 | 2005 | 2006 | 2007 | 2008 | Thereafter | |||||||||||||||||||||||||||||
Investment Property Portfolio |
|||||||||||||||||||||||||||||||||||||
Prestige Place | Clearwater, FL | 144,000 | 86 | % | 19,000 | 11,000 | 17,000 | 4,000 | 3,000 | 69,000 | |||||||||||||||||||||||||||
Harbourside | Clearwater, FL | 147,000 | 92 | % | 20,000 | 16,000 | 8,000 | 24,000 | 41,000 | 25,000 | |||||||||||||||||||||||||||
Lakeview | Tampa, FL | 125,000 | 77 | % | 9,000 | 13,000 | 3,000 | 5,000 | 6,000 | 62,000 | |||||||||||||||||||||||||||
Palm Court | Tampa, FL | 60,000 | 68 | % | | | 28,000 | | 9,000 | 4,000 | |||||||||||||||||||||||||||
Westside Corporate Center | Plantation, FL | 100,000 | 86 | % | 7,000 | 29,000 | 21,000 | 2,000 | 14,000 | 14,000 | |||||||||||||||||||||||||||
280 Interstate North | Atlanta, GA | 126,000 | 71 | % | 14,000 | 51,000 | 11,000 | | 9,000 | 5,000 | |||||||||||||||||||||||||||
Southhall Center | Orlando, FL | 155,000 | 88 | % | 88,000 | 17,000 | 23,000 | 7,000 | | 1,000 | |||||||||||||||||||||||||||
1133 20th Street, NW | Washington DC | 119,000 | 99 | % | 5,000 | 5,000 | 89,000 | 15,000 | | 3,000 | |||||||||||||||||||||||||||
1750 K Street | Washington DC | 152,000 | 90 | % | 1,000 | | 11,000 | 6,000 | | 119,000 | |||||||||||||||||||||||||||
Millenia Park One | Orlando, FL | 158,000 | 68 | % | | 32,000 | 5,000 | 16,000 | 6,000 | 49,000 | |||||||||||||||||||||||||||
Beckrich Office One | Panama City Beach, FL | 34,000 | 96 | % | | | | 19,000 | | 14,000 | |||||||||||||||||||||||||||
5660 New Northside | Atlanta, GA | 272,000 | 91 | % | 8,000 | 120,000 | 4,000 | 5,000 | 54,000 | 57,000 | |||||||||||||||||||||||||||
Southwood Office One | Tallahassee, FL | 88,000 | 73 | % | | | | 13,000 | 13,000 | 38,000 | |||||||||||||||||||||||||||
Crescent Ridge | Charlotte, NC | 158,000 | 100 | % | | | | 33,000 | | 126,000 | |||||||||||||||||||||||||||
Windward Plaza | Atlanta, GA | 465,000 | 89 | % | 6,000 | 17,000 | 6,000 | 22,000 | 105,000 | 257,000 | |||||||||||||||||||||||||||
TOTAL |
2,303,000 | 86 | % | 177,000 | 311,000 | 226,000 | 171,000 | 260,000 | 843,000 | ||||||||||||||||||||||||||||
9 | % | 16 | % | 11 | % | 9 | % | 13 | % | 42 | % |
St. Joe Commercial
Portfolio of Operating Properties Development
Leasing Expirations
December 31, 2003
LEASE EXPIRATIONS | |||||||||||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||||||||||
Rentable | Leased | 2009 and | |||||||||||||||||||||||||||||||||||
Market | Sq. Ft. | Percentage | 2004 | 2005 | 2006 | 2007 | 2008 | Thereafter | |||||||||||||||||||||||||||||
Development Property Portfolio |
|||||||||||||||||||||||||||||||||||||
TNT Logistics | Jacksonville, FL | 99,000 | 83 | % | | | | | 9,000 | 73,000 | |||||||||||||||||||||||||||
245 Riverside | Jacksonville, FL | 134,000 | 39 | % | | | | | 40,000 | 12,000 | |||||||||||||||||||||||||||
Beckrich Office II | Panama City Beach, FL | 34,000 | 20 | % | | | | | 3,000 | 4,000 | |||||||||||||||||||||||||||
Alliance Bank Building | Orlando, FL | 71,000 | 61 | % | 11,000 | 3,000 | 30,000 | | | | |||||||||||||||||||||||||||
Deerfield Commons I | Atlanta, GA | 122,000 | 77 | % | 2,000 | 25,000 | 20,000 | | | 46,000 | |||||||||||||||||||||||||||
Westchase Corporate Center | Houston, TX | 184,000 | 94 | % | | 86,000 | 41,000 | 38,000 | 9,000 | | |||||||||||||||||||||||||||
TOTAL |
644,000 | 70 | % | 13,000 | 114,000 | 91,000 | 38,000 | 61,000 | 135,000 | ||||||||||||||||||||||||||||
3 | % | 25 | % | 20 | % | 8 | % | 13 | % | 30 | % |
Supplemental Information - Residential For the Period Ending 12-31-03 |
Walton County | |||||||||||||||||||||||
St. Joe/Arvida | |||||||||||||||||||||||
Description of Communities | WaterColor | WaterSound Beach | WaterSound | East Lake Powell | Camp Creek Golf Club | ||||||||||||||||||
As of December 31, 2003 | |||||||||||||||||||||||
Year Sales Begin (E) * | 2000 | 2001 | 2005 | (E) | 2007 | (E) | TBD | ||||||||||||||||
Estimated Year of Completion | 2007 | 2007 | 2012 | 2010 | TBD | ||||||||||||||||||
Acres In Community |
499 | 256 | 1,443 | 181 | 1,028 | ||||||||||||||||||
Total Planned Units at Build Out | Estimated | Entitled | Estimated | ||||||||||||||||||||
Arvida Built (E) | 389 | 206 | 400 | for up to | 50 | ||||||||||||||||||
Retail Lots/Outside Builder (E) |
751 | 293 | 660 | 360 | 0 | ||||||||||||||||||
units | |||||||||||||||||||||||
Total |
1,140 | 499 | 1,060 | 50 | |||||||||||||||||||
Sales, As Of Dec 31, 2003 |
|||||||||||||||||||||||
Arvida Built |
171 | 80 | 0 | 0 | 0 | ||||||||||||||||||
Retail Lots/Outside Builder |
546 | 213 | 0 | 0 | 0 | ||||||||||||||||||
Total |
717 | 293 | 0 | 0 | 0 | ||||||||||||||||||
Remaining To Be Sold |
|||||||||||||||||||||||
Arvida Built (E) |
218 | 126 | 400 | 50 | |||||||||||||||||||
Retail Lots/Outside Builder (E) | 205 | 80 | 660 | TBD | 0 | ||||||||||||||||||
Total |
423 | 206 | 1,060 | 50 | |||||||||||||||||||
Contracts On Hand (unclosed) |
|||||||||||||||||||||||
Arvida Built |
33 | 50 | 0 | 0 | 0 | ||||||||||||||||||
Retail Lots/Outside Builder |
52 | 12 | 0 | 0 | 0 | ||||||||||||||||||
Total |
85 | 62 | 0 | 0 | 0 | ||||||||||||||||||
Average price of units closed in Q4 2003: |
|||||||||||||||||||||||
Arvida Built | $ | 783,000 | $ | 1,155,000 | Not | Not | Not | ||||||||||||||||
Retail Lots/Outside Builder | $ | 284,000 | $ | 345,000 | started | started | started | ||||||||||||||||
Arvida-Built House Pricing (In Thousands) |
$ | 400 - $1,000+ | $ | 500 - $1,000+ | $ | 325 - $600+ | $ | 400-$600+ | |||||||||||||||
TBD |
|||||||||||||||||||||||
Lot Pricing (In Thousands) |
$ | 150 - $1,000+ | $ | 200 - $1000+ | $ | 100 - $265+ | $ | 100-$200+ | |||||||||||||||
Amenities | Resort | Resort | Golf | Lake Amenity | 36 Holes of Golf | ||||||||||||||||||
Beach Club | Beach Club | Tennis facility | Clubhouse | Clubhouse | |||||||||||||||||||
Boat House | Tennis Facility | Aquatic facilities | Beach access | ||||||||||||||||||||
Tennis Facility | Pedestrian Trails | Parks | |||||||||||||||||||||
Parks | Parks | Beach access | |||||||||||||||||||||
Pedestrian Trails | Pedestrian Trails |
[Continued from above table, first column(s) repeated]
Bay County | |||||||||||||||
St. Joe/Arvida | |||||||||||||||
Description of Communities | Hammocks | Palmetto Trace | WaveCrest | ||||||||||||
As of December 31, 2003 | |||||||||||||||
Year Sales Begin (E) * |
2000 | 2001 | 2005 | (E) | |||||||||||
Estimated Year of Completion |
2007 | 2008 | 2007 | ||||||||||||
Acres In Community |
143 | 138 | 6 | ||||||||||||
Total Planned Units at Build Out |
|||||||||||||||
Arvida Built (E) |
322 | 523 | 88 | ||||||||||||
Retail Lots/Outside Builder (E) |
137 | 0 | 0 | ||||||||||||
Total |
459 | 523 | 88 | ||||||||||||
Sales, As Of Dec 31, 2003 |
|||||||||||||||
Arvida Built |
166 | 192 | 0 | ||||||||||||
Retail Lots/Outside Builder |
66 | 0 | 0 | ||||||||||||
Total |
232 | 192 | 0 | ||||||||||||
Remaining To Be Sold |
|||||||||||||||
Arvida Built (E) |
156 | 331 | 88 | ||||||||||||
Retail Lots/Outside Builder (E) |
71 | 0 | 0 | ||||||||||||
Total |
227 | 331 | 88 | ||||||||||||
Contracts On Hand (unclosed) |
|||||||||||||||
Arvida Built |
44 | 61 | 0 | ||||||||||||
Retail Lots/Outside Builder |
0 | 0 | 0 | ||||||||||||
Total |
44 | 61 | 0 | ||||||||||||
Average price of units closed in Q4 2003: |
|||||||||||||||
Arvida Built | $ | 147,000 | $ | 169,000 | Not | ||||||||||
Retail Lots/Outside Builder | $ | 0 | N/A | started | |||||||||||
Arvida-Built House Pricing (In Thousands) |
$ | 100 - $180+ | $ | 105 - $200+ | |||||||||||
TBD | |||||||||||||||
Lot Pricing (In Thousands) |
$ | 30 - $40+ | |||||||||||||
Amenities | Tot lots | Pool | Beach Club | ||||||||||||
Bike Paths | Pool |
Gulf County | Capital Region | ||||||||||||||||||||||||||
St. Joe/Arvida | |||||||||||||||||||||||||||
Description of Communities | WindMark Beach, PH1 | Mexico Beach | WindMark Beach, PH2 | SouthWood | SummerCamp | ||||||||||||||||||||||
As of December 31, 2003 | |||||||||||||||||||||||||||
Year Sales Begin (E) * | 2001 | TBD | 2005 | (E) | 2000 | 2004 | (E) | ||||||||||||||||||||
Estimated Year of Completion | 2006 | TBD | 2015 | After 2017 |
2012 | ||||||||||||||||||||||
Acres In Community |
80 | Phase I 160 |
2,000 | 3,770 | 782 | ||||||||||||||||||||||
Total Planned Units at Build Out | Estimated | 4,770 Residential |
Estimated | ||||||||||||||||||||||||
Arvida Built (E) | 1 | 772 | Units | 253 | |||||||||||||||||||||||
Retail Lots/Outside Builder (E) | 109 | TBD | 778 | Per DRI | 246 | ||||||||||||||||||||||
Total |
110 | 1,550 | 499 | ||||||||||||||||||||||||
Sales, As Of Dec 31, 2003 |
|||||||||||||||||||||||||||
Arvida Built |
0 | 0 | 0 | 394 | 0 | ||||||||||||||||||||||
Retail Lots/Outside Builder |
100 | 0 | 0 | 194 | 0 | ||||||||||||||||||||||
Total |
100 | 0 | 0 | 588 | 0 | ||||||||||||||||||||||
Remaining To Be Sold |
|||||||||||||||||||||||||||
Arvida Built (E) |
1 | 772 | 253 | ||||||||||||||||||||||||
Retail Lots/Outside Builder (E) | 9 | TBD | 778 | TBD | 246 | ||||||||||||||||||||||
Total |
10 | 1,550 | 499 | ||||||||||||||||||||||||
Contracts On Hand (unclosed) |
|||||||||||||||||||||||||||
Arvida Built |
0 | 0 | 0 | 113 | 0 | ||||||||||||||||||||||
Retail Lots/Outside Builder |
0 | 0 | 0 | 3 | 0 | ||||||||||||||||||||||
Total |
0 | 0 | 0 | 116 | 0 | ||||||||||||||||||||||
Average price of units closed in Q4 2003: |
|||||||||||||||||||||||||||
Arvida Built | $ | 0 | Not | Not | $ | 241,000 | Not | ||||||||||||||||||||
Retail Lots/Outside Builder | $ | 0 | started | started | $ | 83,000 | started | ||||||||||||||||||||
Arvida-Built House Pricing (In Thousands) | $ | 950 | TBD | $ | 315 - $1000+ | $ | 115 - $400+ | $ | 450 - $900+ | ||||||||||||||||||
Lot Pricing (In Thousands) | $ | 90 - $900+ | TBD | $ | 200 - $1000+ | $ | 40 - $150+ | $ | 150 - $800+ | ||||||||||||||||||
Amenities | Beach club | TBD | 18 holes of golf | 18 holes of golf | Beach clubs | ||||||||||||||||||||||
Community dock | Pedestrian trails | Pedestrian trails | Pedestrian trails | ||||||||||||||||||||||||
Beach club | Aquatic facility | Gathering pavilions | |||||||||||||||||||||||||
Community dock | Tennis facility | ||||||||||||||||||||||||||
Tennis facility | Clubhouse (AA) | ||||||||||||||||||||||||||
Beach access |
[Continued from above table, first column(s) repeated]
Jacksonville | |||||||||||||||||||
St. Joe/Arvida | |||||||||||||||||||
Description of Communities | James Island | St. John's G. & C.C. | RiverTown | Hampton Park | |||||||||||||||
As of December 31, 2003 | |||||||||||||||||||
Year Sales Begin (E) * |
1999 | 2001 | 2000 | 2001 | |||||||||||||||
Estimated Year of Completion |
2004 | 2006 | 2015 | 2005 | |||||||||||||||
Acres In Community |
194 | 820 | 4,200 | 150 | |||||||||||||||
Total Planned Units at Build Out | DRI | ||||||||||||||||||
submitted | |||||||||||||||||||
Arvida Built (E) | 365 | 582 | for 4,500 | 158 | |||||||||||||||
Retail Lots/Outside Builder (E) | 0 | 217 | units | 0 | |||||||||||||||
Total |
365 | 799 | 158 | ||||||||||||||||
Sales, As Of Dec 31, 2003 |
|||||||||||||||||||
Arvida Built |
359 | 366 | 0 | 130 | |||||||||||||||
Retail Lots/Outside Builder |
0 | 153 | 23 | 0 | |||||||||||||||
Total |
359 | 519 | 23 | 130 | |||||||||||||||
Remaining To Be Sold |
|||||||||||||||||||
Arvida Built (E) |
6 | 216 | 28 | ||||||||||||||||
Retail Lots/Outside Builder (E) | 0 | 64 | TBD | 0 | |||||||||||||||
Total |
6 | 280 | 28 | ||||||||||||||||
Contracts On Hand (unclosed) |
|||||||||||||||||||
Arvida Built |
7 | 65 | 0 | 44 | |||||||||||||||
Retail Lots/Outside Builder |
0 | 23 | 0 | 0 | |||||||||||||||
Total |
7 | 88 | 0 | 44 | |||||||||||||||
Average price of units closed in Q4 2003: |
|||||||||||||||||||
Arvida Built | $ | 339,000 | $ | 329,000 | Not | $ | 329,000 | ||||||||||||
Retail Lots/Outside Builder | N/A | $ | 66,000 | started | N/A | ||||||||||||||
Arvida-Built House Pricing (In Thousands) |
$ | 220 - $400+ | $ | 180 - $400+ | $ | 125 - $400+ | $ | 235 - $400+ | |||||||||||
Lot Pricing (In Thousands) |
$ | 30 - $125+ | $ | 55 - $400+ | |||||||||||||||
Amenities | Tennis facility | 18 holes of golf | 18 holes of golf | Pool | |||||||||||||||
Pool | Clubhouse | Village Center | Tot lot | ||||||||||||||||
Sports fields | Aquatic facility | Pedestrian Trails | |||||||||||||||||
Tot lot | Sports fields | Swim & Tennis Facility | |||||||||||||||||
Tot lots | Riverfront Park |
Central Florida | MidAtlantic Operations | ||||||||||||||
St. Joe/Arvida | |||||||||||||||
Description of Communities | Victoria Park | Artisan Park | Including Saussy Burbank | ||||||||||||
As of December 31, 2003 | |||||||||||||||
Year Sales Begin (E) * |
2001 | 2003 | 1999 | ||||||||||||
Estimated Year of Completion | After 2012 |
2008 | Ongoing | ||||||||||||
Acres In Community |
1,859 | 160 | N/A | ||||||||||||
Total Planned Units at Build Out | |||||||||||||||
Arvida Built (E) |
Over | 572 | |||||||||||||
Retail Lots/Outside Builder (E) |
4,000 | 44 | N/A | ||||||||||||
Total | Per DRI | 616 | |||||||||||||
Sales, As Of Dec 31, 2003 | YTD | ||||||||||||||
Arvida Built |
298 | 47 | 607 | ||||||||||||
Retail Lots/Outside Builder |
61 | 10 | 32 | ||||||||||||
Total |
359 | 57 | 639 | ||||||||||||
Remaining To Be Sold |
|||||||||||||||
Arvida Built (E) |
525 | ||||||||||||||
Retail Lots/Outside Builder (E) | TBD | 34 | N/A | ||||||||||||
Total |
559 | ||||||||||||||
Contracts On Hand (unclosed) |
|||||||||||||||
Arvida Built |
83 | 47 | 183 | ||||||||||||
Retail Lots/Outside Builder |
4 | 0 | 0 | ||||||||||||
Total |
87 | 47 | 183 | ||||||||||||
Average price of units closed in Q4 2003: |
|||||||||||||||
Arvida Built |
$ | 193,000 | $ | 0 | $ | 212,000 | |||||||||
Retail Lots/Outside Builder |
$ | 73,000 | $ | 134,000 | $ | 24,000 | |||||||||
Arvida-Built House Pricing (In Thousands) |
$ | 140 - $300+ | $ | 225-$400+ | $ | 110 - $380+ | |||||||||
Lot Pricing (In Thousands) |
$ | 45 - $100+ | $ | 100-140+ | |||||||||||
Amenities | 18 holes of golf | Clubhouse | Varies By | ||||||||||||
Golf Clubhouse | Swimming Pool | Community | |||||||||||||
Clubhouse (AA) | Pedestrian trails | ||||||||||||||
Aquatic facility | |||||||||||||||
Sports fields | |||||||||||||||
Village Center |