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    Construction Starts on Latitude Margaritaville Watersound Town Center

    Posted on: September 29, 2021

    Panama City Beach, FL — September 29, 2021 — Today, the partners behind Latitude Margaritaville Watersound announced that construction has started on the Town Center. Latitude Margaritaville Watersound is located on Northwest Florida’s gorgeous Emerald Coast near Panama City Beach and the Scenic Highway 30A corridor. It is the third of the incredibly popular, award-winning Latitude Margaritaville communities for those 55 and better who are growing older…but not up.

    In April 2021, 13 colorful island-style model homes opened to an overwhelmingly positive response from homebuyers. Planned to be the largest of the laid-back lifestyle communities to date, the initial phase of Latitude Margaritaville Watersound is anticipated to include approximately 3,500 homes. Construction on the first phase of homes is in progress.

    Phase one Town Center amenities include a dynamic Town Square that features an amphitheater with a thatched roof bandshell, full-size concert stage, jumbo screen for concerts and movies, and special recessed dance floor that provides a little give and spring for dancers.

    Dining and refreshment choices will include a two-story Bar & Chill restaurant overlooking the Intracoastal Waterway, Changes in Attitude Bar, and Overlook Bar. A state-of-the-art Fins Up! Fitness Center will include an indoor pool and spa. In addition, there will be a lagoon-style Paradise Pool with beach-like entry and Tiki Island.

    Additional amenities include tennis and pickleball courts with lighting for night play and a Barkaritaville Dog Park. Future planned amenities include a Workin’ N’ Playin’ Center, Last Mango Theater, Hangar Workshop for golf cart tune ups, and Barkaritaville Pet Spa.

    Latitude Margaritaville’s all-new approach to active adult living has captured the imagination of today’s vibrant and active adult home buyers. More than 550,000 are registered as Latitude Margaritaville Paradise Club members to receive ongoing information on the communities.

    The Latitude Margaritaville sales center and model homes are open daily. Four distinct home collections, the Conch Cottage Collection, Caribbean Villas Collection, and Beach and Island Collections of single-family homes, capture the “no worries” tropical vibe that defines Latitude Margaritaville. Floor plans range from 1,204 to 2,568 square feet under air with pricing from the mid $200s.

    Latitude Margaritaville Watersound is being developed in a dynamic partnership that includes master developer Minto Communities USA (“Minto”), global lifestyle brand Margaritaville Holdings, and The St. Joe Company (NYSE: JOE) (“St. Joe”). Latitude Margaritaville Watersound is the first of the popular communities to be developed in partnership with St. Joe. The first two Latitude Margaritaville communities by partners Minto and Margaritaville are located in Daytona Beach, Florida and near Hilton Head, South Carolina.

    Latitude Margaritaville Watersound is located between Pensacola and Panama City, near Panama City Beach, and situated in the heart of St. Joe’s vast Bay-Walton Sector Plan that encompasses approximately 110,500 acres with approximately 15 miles of frontage on the Intracoastal Waterway. Just a short drive from the famed Scenic Highway 30-A corridor with its beautiful white-sand beaches, this region is the embodiment of the relaxed, beachy vibe that is at the heart of the Latitude Margaritaville lifestyle.

    In addition to the many Latitude Margaritaville amenities, St. Joe has plans for a future full-service public marina and commercial village adjacent to the community. St. Joe also recently announced plans to develop a health care campus just minutes from Latitude Margaritaville Watersound with Tallahassee Memorial Healthcare, Inc. and Florida State University College of Medicine (FSU). The proposed healthcare campus is planned for an 87-acre parcel near the intersection of State Highway 79 and Phillip Griffitts Sr. Parkway. In addition to a 100-bed inpatient facility, FSU intends to utilize the campus for research focused on successful aging and senior living technology.

    The Latitude Margaritaville Watersound sales center is located at 9201 Highway 79, Panama City Beach, Florida. Open daily, Monday through Saturday, 9 a.m. to 5 p.m.; Sunday 11 a.m. to 5 p.m. Central. For information, call 866-524-0144.

    For more information on Latitude Margaritaville and to sign up to receive regular development updates, visit www.LatitudeMargaritaville.com. Follow Latitude Margaritaville on Facebook at www.facebook.com/LatitudeMargaritaville and on Twitter at @LatitudeMville.

    NOTE TO EDITOR: Please see link to Latitude Margaritaville Watersound images and captions below.
    Image credits: Courtesy Minto Communities.

    https://www.dropbox.com/sh/kuwi0n2bhzc4hwh/AACOJo9gFeyNtUUN85CKGOYaa?dl=0

    1. The natural terrain at Latitude Margaritaville Watersound presents a stunning setting with views of the Intracoastal.
    2. The Town Center features a Town Square with amphitheater, bandshell, concert stage and jumbo screen.
    3. The state-of-the-art Fins Up! Fitness Center plans include an indoor pool and spa.
    4. The lagoon-style Paradise Pool will have its own Tiki Island.
    5. A planned two-story Latitude Bar & Chill restaurant will overlook amazing views of the Intracoastal Waterway.
    6. St. Joe has plans for a full-service public marina and commercial village adjacent to Latitude Margaritaville Watersound.

    Media Contacts:
    Paula Robertson (for Minto)
    Paula Robertson & Associates
    239-454-1454
    [email protected]

    Marek Bakun (for The St. Joe Company)
    866-417-7132
    [email protected]

    Mike Kerrigan (for The St. Joe Company)
    850-231-6426
    [email protected]

    Caroline Andrew (for Margaritaville)
    FINN Partners
    646-373-2899
    [email protected]

    Important Notice Regarding Forward-Looking Statements
    This press release contains “forward-looking statements,” within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the anticipated size of the initial phase of Latitude Margaritaville Watersound, expectations regarding specific amenities, plans for developments in the adjacent communities and the prospective interest in the Latitude Margaritaville Watersound. 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, 2020 and subsequent current report filings, as well as the following: (1) the ability of Minto, Margaritaville Holdings and St. Joe to continue to develop and successfully complete the Latitude Margaritaville Watersound community on the expected timeline, or at all, (2) the continued interest of prospective buyers of Latitude Margaritaville Watersound homes, (3) the ability of St. Joe to complete a marina, (4) the ability of St. Joe to complete a commercial village, (5) the ability of St. Joe, Tallahassee Memorial Healthcare and FSU to develop a healthcare campus and (6) the interest of customers and consumers of these proposed developments.

    About Latitude Margaritaville
    Latitude Margaritaville is a new portfolio of active adult communities developed by master developer Minto Communities and global lifestyle brand Margaritaville Holdings. Offering resort-style amenities, Latitude Margaritaville is the ideal destination for those looking to live the Margaritaville lifestyle as they grow older, but not up. The communities feature a resort-style pool, fitness center, live entertainment, signature Margaritaville food and beverage concepts, arts and learning programs and more. Ranked the nation’s most popular active adult community of 2018 by 55Places.com and 2019’s Best 55+ Community of the Year by the National Association of Home Builders, Latitude Margaritaville communities are now open in Daytona Beach, Florida, near Hilton Head, South Carolina and in Watersound, Florida located on the Emerald Coast in Florida’s Panhandle. Additional Latitude Margaritaville communities are planned for some of the nation’s most popular destinations.

    About Minto Communities
    Minto Communities USA, based in Florida since 1978, has represented integrity, financial strength and enduring value for over 40 years. Minto builds exceptional new homes and communities to meet every lifestyle, with more than 29,000 new homes built in 48 communities. Minto is dedicated to continuous improvement in design, quality and customer experience. These are just some of the elements that set Minto apart as an exceptional homebuilder and community developer and have earned the company national recognition that includes consistently high rankings from Eliant Customer Service Surveys. Minto has been recognized with multiple national awards from the National Association of Home Builders (NAHB) for community and home design, including Best Single-Family Community Over 100 Homes for Westlake in the City of Westlake; Best Mixed-Use Community and Best Clubhouse for The Isles of Collier Preserve in Naples, Florida; and Best Clubhouse for the Harbour Isle Beach Club in Sarasota-Bradenton, Florida. Minto is also recognized throughout the homebuilding industry as an expert in developing active-adult communities. The NAHB named Minto Communities as 2019’s 55+ Builder of the Year. Minto’s Latitude Margaritaville Daytona Beach was awarded 55+ Community of the Year for 2019, and Latitude Margaritaville Hilton Head was awarded 55+ Community of the Year for 2020.

    About Margaritaville
    Margaritaville, a state of mind since 1977, is a global lifestyle brand inspired by Jimmy Buffett, whose songs evoke a passion for tropical escape and relaxation. Margaritaville features over 20 lodging locations and over 20 additional projects in the pipeline, with nearly half under construction, two gaming properties and over 60 food and beverage venues including signature concepts such as Margaritaville Restaurant, award-winning JWB Prime Steak and Seafood, 5 o’Clock Somewhere Bar & Grill and LandShark Bar & Grill. More than 20 million travelers every year change their latitude and attitude with a visit to a Margaritaville resort, residential real estate destination, vacation club, vacation home rental or restaurant. Consumers can also escape everyday through a collection of Margaritaville lifestyle products including apparel, footwear, frozen concoction makers, home décor, a satellite radio station and more. For more information on Margaritaville, visit www.margaritaville.com. Follow Margaritaville on Facebook at www.facebook/margaritaville, and on Twitter and Instagram at @Margaritaville.Jimmy Buffett’s Margaritaville | Official Site Official site for Jimmy Buffett Tour Dates and Margaritaville Restaurants, Hotels, Casinos, Resorts, Vacation Club and Products www.margaritaville.com.

    About St. Joe
    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. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information.

    St Joe Company 2021. “Watersound”, “St. Joe®”, “JOE®”, the “Taking Flight” Design®, “St. Joe (and Taking Flight Design) ®” are registered service marks of The St. Joe Company or its affiliates.

    Minto is authorized to use the Latitude Margaritaville name by virtue of a license agreement with Margaritaville.

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