Taking appointments now for preview tours April
3-24
Latitude Margaritaville Watersound partners, Minto Communities
USA (“Minto”), Margaritaville Holdings, and The St. Joe Company
(NYSE: JOE) (“St. Joe”), announce that the community’s sales center
and 13 island-styled model homes will open for by-appointment
preview tours April 3-24. Appointments are available by calling
(866) 609-8713, Monday through Friday, 7 a.m. to 4 p.m. CT.
Due to the unprecedented interest in Latitude Margaritaville
communities, and current need to avoid large crowds and maintain
social distancing, advance appointments to tour Latitude
Margaritaville Watersound are required. Those scheduling in-person
tours or phone appointments from April 3-24 will have the
opportunity to complete a reservation agreement to enter a virtual,
live-streamed drawing on May 1 for the first sales release of
homes. At that time, all reservation agreements from the April
preview period will be drawn in random order to determine the order
of scheduling appointments to purchase a new home.
Inspired by the lyrics and lifestyle of singer, songwriter and
best-selling author Jimmy Buffett, whose songs evoke a passion for
tropical escape and relaxation, Latitude Margaritaville’s dynamic,
all-new approach to active adult living has captured the
imagination of today’s vibrant and active 55-and-better home
buyers. Latitude Margaritaville Watersound is the third Latitude
Margaritaville to be developed by Minto and Margaritaville, and the
first to be developed in partnership with St. Joe. The first two
are located in Daytona Beach, Florida and near Hilton Head, South
Carolina.
Latitude Margaritaville Watersound is located on Northwest
Florida’s Emerald Coast 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. The community’s initial phase is
anticipated to include approximately 3,500 homes.
“This amazing property presents a stunning setting in which to
deploy the four pillars of the Latitude Margaritaville lifestyle —
food, fun, music and escapism — in one of the country’s most
beautiful and desirable locations,” notes Minto’s Latitude
Margaritaville Division President William Bullock. “The area’s
natural terrain is breathtaking and the planned Latitude Town
Center amenities will provide spectacular views of the Intracoastal
Waterway.”
A virtual preview is available now at
LatitudeMargaritaville.com/watersound where floor plans, site
plans, amenity renderings and more details about the community can
be viewed. 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 2,564 square feet under air with pricing from
the mid $200s.
"We're delighted with our relationship with Minto, St. Joe, and
the community we have planned for the Florida Panhandle," shared
Jim Wiseman, President of Margaritaville Development. "We look
forward to this tremendous opportunity for Latitude Margaritaville
Watersound, where fun and relaxation meet at home."
Plans call for Latitude Margaritaville Watersound’s impressive
resort-style amenities to include a Latitude Town Center with a
Town Square for concerts, dancing and movies, featuring a
thatched-roof bandshell with full-size concert stage and jumbo
screen, a Fins Up! Fitness Center with indoor pool and spa,
Paradise Pool with beach-style entry and Tiki Island, a two-story
Latitude Bar & Chill restaurant overlooking the Intracoastal
Waterway and Changes in Attitude Bar. There are also plans for
tennis and pickleball courts, nature trails and a Barkaritaville
Dog Park. Future planned amenities include a Workin’ N’ Playin’
Center with a Last Mango Theater, Hangar Workshop for golf cart
tune ups and Barkaritaville Pet Spa. In addition, St. Joe has plans
for a future full-service public marina and commercial village
adjacent to the community.
“The start of tours and the beginning of the home sales process
brings us one step closer to welcoming the first residents to
Latitude Margaritaville Watersound,” said Jorge Gonzalez, President
and CEO of St. Joe. “This location, the quality of the homes and
the amenities that are planned will make this the ideal place to
call home for those 55 and better.”
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 photo cutlines below.
Image credits: Courtesy Minto Communities.
https://www.dropbox.com/sh/p5jkznrys1pq3w0/AADpmZGn3w5Avj6ffhnbfFDna?dl=0
- The Latitude Margaritaville Watersound sales center opens soon
for tours by appointment.
- Latitude Margaritaville Watersound provides an irresistible
concoction of food, fun, music and escapism.
- The state-of-the-art Fins Up! Fitness Center plans include an
indoor pool and spa.
- A planned two-story Latitude Bar & Chill restaurant will
overlook amazing views of the Intracoastal Waterway.
- The natural terrain at Latitude Margaritaville Watersound
presents a stunning setting.
- Thirteen model homes, include cottages, villas and
single-family homes to open soon for touring by appointment.
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 timeline for
development, Minto’s and St. Joe’s anticipated success of the joint
venture and prospective interest in a Latitude Margaritaville
project in Bay County and our expectations regarding the new marina
and commercial village adjoining Latitude Margaritaville, as well
as the growth potential of a Latitude Margaritaville community in
Bay County. 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 St.
Joe and Minto to successfully complete the proposed project, and
(2) the continued interest of prospective buyers of a Latitude
Margaritaville project in Bay County, Florida.
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
and near Hilton Head, South Carolina. Latitude Margaritaville
Watersound, located on the Emerald Coast in Florida’s Panhandle,
opens April 2021. 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 26,000 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 from Margaritaville
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210316005987/en/
Paula Robertson (for Minto) Paula Robertson & Associates
239-454-1454 Paula@prprUSA.com
Marek Bakun (for The St. Joe Company) 866-417-7132
Marek.Bakun@joe.com
Mike Kerrigan (for The St. Joe Company) 850-231-6426
Mike.Kerrigan@joe.com
Caroline Andrew (for Margaritaville) FINN Partners 646-373-2899
caroline.andrew@finnpartners.com
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