ST. JOE ANNOUNCES NEW DEVELOPMENT
ON BREAKFAST POINT EAST IN
PANAMA CITY BEACH
January 5, 2022 at 4:05 PM EST
Panama City Beach, FL (BUSINESS WIRE)--Jan. 5, 2022-The St. Joe Company - (NYSE: JOE) (“St. Joe”) today announced development progress on the Breakfast Point East community in Panama City Beach, Florida. This new community is planned for more than 700 homesites to be developed in multiple phases. Site work is currently underway on the community’s first phase which is planned for 235 homesites. This residential community is part of a larger mixed-use, planned development that is also approved for 440 multi-family units, 160,000 square feet of retail space, 75,000 square feet of office space and 750 hotel rooms. The development’s first hotel, a 131-room Homewood Suites by Hilton, is currently under construction and is anticipated to open in spring of 2022.
The Breakfast Point East community is being developed adjacent to the existing Breakfast Point community, a sold out 449-homesite development by St. Joe. The new community’s initial phase is planned to feature open space, neighborhood parks and access to Gayle’s Trails, a paved trail system that connects to the region’s larger trail network. The location is near Panama City Beach’s shopping and dining, the area’s white-sand beaches, local schools and the state-of-the-art Panama City Beach Sports Complex. Planned future phases of the Breakfast Point East community will connect to Chip Seal Parkway.