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Stock impact report

The St. Joe Company and Kolter Homes Announce Plans for a New 466 Home Development within the Watersound Origins Community

St. Joe Company (The) (JOE) 
Last st. joe company (the) earnings: 10/31 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.joe.com
Company Research Source: Business Wire
WATERSOUND, Fla.--(BUSINESS WIRE)-- The St. Joe Company (NYSE: JOE) (“St. Joe”), The Watersound Company, LLC, a subsidiary of St. Joe (“Watersound”), and Kolter Acquisitions LLC, a subsidiary of Kolter Homes, LLC (“Kolter”) today announced plans to create a new home development within the Watersound Origins community. Watersound and Kolter have entered into a definitive long-term contractual agreement whereby Watersound will develop 40’, 50’ and 60’ wide finished lots for Kolter in multiple phases. Watersound Origins’ newest community will consist of approximately 466 single-family detached homes to be constructed by Kolter in its own gated section of the Origins community. This will be Kolter’s second large scale development in the region and is planned to include a new community clubhouse, a pool and sport courts. Lot construction is expected to begin in 2019 with homes being available for sale in 2020. Show less Read more
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