ST. JOE COMPANY INVOLVED IN ONE OFTHE COUNTRY'S LARGEST MIXED-USE DEVELOPMENTS

St. Joe Company Involved in One of Country's Largest Mixed-Use Developments(WEST BAY, FL) -

The St. Joe Company, Northwest Florida's largest landowner and one of the state's leading developers of resort-style communities, is embarking on one of the largest mixed-use master-planned communities in the U.S., here in the Florida Panhandle. One of the highlights of the 75,000-acre West Bay project is the nation's first new international commercial-service airport built this century.

West Bay is strategically positioned to provide convenient access to the Southeast and Central U.S. markets, as well as Latin America and the rest of the world through excellent port, rail and highway connections. Of course, the new Panama City-Bay County International Airport, scheduled to open next May, has the panhandle buzzing because it now opens up the popular stretch of resort destinations to an entirely different market.Of course, the most compelling access point to West Bay and the surrounding market is America's "greenest" and newest airport. The airport is being built in the West Bay Sector on a 4,000-acre parcel and the Airport Authority has committed that the new airport terminal will be certified "green" under the Leadership in Energy and Environmental Design (LEED) program of the U.S. Green Building Council.

It also has the potential to become one of the world's first carbon neutral airports. An Audubon Nature Center will serve as a portal to the West Bay Preservation Area, which will ultimately protect 44 miles of undeveloped shoreline and an additional 33 miles of creeks and tributaries. The adjacent land owned by St. Joe in West Bay can accommodate 4.4 million square feet of industrial, commercial and retail space, more than 6,300 residential and resort units and 900 marina slips. This represents the biggest single investment opportunity in Florida for many years. The West Bay Sector Plan contemplates some 27,000 residential units and 37 million square feet (3.4 million square meters) of commercial/industrial space in the future.