ST JOE CO

The St. Joe Company (then St. Joe Paper Company) was founded in 1936, and at one point was the second largest private landholder in the state of Florida, owning more than a million acres of property in the state. Over time, properties in other parts of the state were sold as the Company began to focus on strategic land holdings in Northwest Florida.

The St. Joe Company transitioned from a paper/industrial focus to land development, and in 2010 moved its corporate offices from Jacksonville, FL to the Walton County / Bay County area to be closer to the majority of their future development holdings.

In 2010, Northwest Florida Beaches International Airport (ECP) opened on 4,000 acres of land donated by The St. Joe Company. At the time, the old airport being replaced handled about 300,000 passengers per year. In 2022, approximately 1.5 million passengers flew through ECP.

In 2014 The St. Joe Company sold more than 380,000 acres – to AgReserves for $562 million, retaining strategic land holdings concentrated in Northwest Florida.

Eventually – in 2020 – the company HQ moved into the newly constructed corporate offices in the Beckrich Office Park on R. Jackson Blvd. in Panama City Beach.

Today, the majority of The St. Joe Company's land holdings are in the Bay/Walton County area, 110,500 acres of which are being developed under a 50-year plan, with 53,000 acres being placed into conservation.

The St. Joe Company’s current total land holdings in Northwest Florida (including areas outside of the Bay-Walton Sector Plan) is about 171,000 acres.

The 50-year Bay-Walton Sector Plan gives legal rights for The St. Joe Company to develop more than 170,000 residential dwelling units, more than 22 million square feet of retail, commercial and industrial space and more than 3,000 hotel rooms on lands it owns within Bay and Walton Counties.