St. Joe Company plans to build new shopping centre with leasable space in Florida

WCN Editorial Team 25 Feb 2020 NORTH AMERICA BUILDINGS

The St. Joe Company, a US-based real estate developer, has announced its plans to build a mixed-use shopping centre with additional leasable commercial space in Watersound, Florida.

To be known as Watersound Origins Town Center, the new outdoor lifestyle town centre will be located at the entrance to the Watersound Origins community at the intersection of Highway 98 and North Watersound Parkway.

It will include a Publix Super Market, which is planned to have 48,000ft² of space and will include pharmacy, deli, bakery and a liquor store. To be constructed by St. Joe, the building will be leased to Publix.

The Watersound Origins Town Center could also potentially include an additional 200,000ft² of leasable commercial space and it is only a portion of the retail, entertainment and office entitlements that the real estate developer is planning to include at the project.

Besides Publix, St. Joe has plans to include several buildings with shopping and dining options, second-floor office space, a covered event pavilion and open green spaces.

The lifestyle town centre is being planned to a family-friendly place, walkable destination for residents and visitors.

At present, the developer is in discussions with several businesses interested to be among the first commercial tenants at the Watersound Origins Town Center.

St. Joe commercial real estate senior vice president Dan Velazquez said: “With so much growth and positive activity in very close proximity, now is the time to begin development and construction, engage with potential tenants and bring the Watersound Origins Town Center to life.

“Leasing interest in this lifestyle centre is very strong. We look forward to announcing additional tenants in the near future.”

St. Joe plans to begin construction on the Publix building, the event pavilion and additional, multi-tenant commercial building this spring. The Watersound Origins Town Center is expected to be opened in summer 2021.

Publix real estate vice president Bob Balcerak said: “The Watersound Origins Town Center provides a highly-visible location with US Highway 98 frontage in a high-growth area just minutes from the Gulf of Mexico and the highly sought-after Scenic Highway 30-A corridor.

“We are very excited to see construction begin and we look forward to being a part of the Watersound Origins Town Center.”

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Image: Artist's rendering of the Watersound Origins Town Center (Photo: Business Wire.)

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