April 30, 2020 at 4:05 PM EDT
April 30, 2020 at 4:05 PM EDT
WATERSOUND, Fla.--(BUSINESS WIRE)--Apr. 30, 2020-- The St. Joe Company (NYSE: JOE) (“St. Joe”) today announced its plans to construct a dry boat storage facility at the Port St. Joe Marina in Port St. Joe, Florida . The marina, which is owned by St. Joe and sits along St. Joseph’s Bay with quick access to the Gulf of Mexico and the Intracoastal Waterway , was damaged by Hurricane Michael in October 2018 .
Plans call for the new dry boat storage facility to be approximately 63,200 square feet with 252 dry boat slips that St. Joe intends to make available for lease, the largest of which is being designed to accommodate boats of up to 45 feet in length.
“As we were planning this project, it was important that we not only rebuild what was there previously, but create a space that the people of Port St. Joe and the boating community could be proud of,” explained Patrick Murphy , Senior Vice President of Operations for St. Joe. “We are thrilled to be through the planning and permitting phase of this project and ready to kick off construction.”
Planning and permitting is underway for additional phases of the marina with plans to include approximately 48 wet boat slips, a ship’s store and other amenities. “Boating is central to the lifestyle in Port St. Joe for so many,” said Port St. Joe Mayor, Rex Buzzett . “The marina serves as such an important gathering spot for our residents and visitors. Getting it closer to opening is something that we have been looking forward to.”
Plans call for construction of the dry boat storage facility to begin in May with completion expected before the end of the year.
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