"Land Development for a High - Growth Region" St Joe Company's Jorge Gonzalez | September 16, 2021
Jorge Gonzalez president and CEO of The St. Joe Company is our September speaker.Building is booming in the panhandle.
President, Chief Executive Officer, Chief Operating Officer & Chairman of the Board, St Joe
Search every verified Jorge Gonzalez interview, podcast appearance, and on-the-record quote โ each transcript cross-checked by AI and human review to confirm speaker identity. Jorge Gonzalez, president and CEO of The St. Joe Company, described the company as a diversified real estate operating company with three primary segments: residential, commercial, and hospitality. He stated that the company was in its "biggest growth mode" in its history, developing and constructing nearly 40 projects. Gonzalez noted that the Bay-Walton Sector Plan gave approvals for 170,000 homes and over 20 million square feet of non-residential development over a 50-year planning horizon. He said that the company was focusing on residential communities covering all price points, including workforce housing, and that they had shifted toward that approach. Gonzalez discussed several specific projects and developments. He said that the company's Latitude Margaritaville community in West Bay saw a lottery of 1,300 individuals for 200 home sites when sales opened. He also mentioned a collaboration with TMH and the Indiana College of Medicine to create a new healthcare medical campus in Bay County, with an optimistic timeline for breaking ground the following year. Gonzalez highlighted that Congress appropriated nearly four billion dollars for the redevelopment of Tyndall Air Force Base, which he described as strategic to the Department of Defense. He also noted that Panama City Beach had 19 million visitors in 2020, ranking first in the country for beach destinations by total visitors.
“We are a diversified real estate operating company. We do a lot of different things and hopefully every day we're doing them better and better. We have three primary segments: residential, commercial, and hospitality.”
“The Bay-Walton Sector Plan gave us approvals for 170,000 homes and over 20 million square feet of non-residential development. That's obviously a long-range, 50-year planning horizon.”
“Last year was a record year in all of our segments and this year momentum continues. The Panama City Beach had 19 million visitors in 2020, ranking number one in the country for beach destinations in terms of total visitors.”
“Congress appropriated almost four billion dollars to start the redevelopment of Tyndall Air Force Base, which is very strategic to the Department of Defense because of the training grounds the Gulf of Mexico offers.”
“We are developing and constructing almost 40 projects, which is the biggest growth mode that this company has had in its history. It covers a broad range of asset types from apartments, hotels, commercial, to residential.”
“All the growth that we have is marketplace based on the demand that we're seeing here at the ground level. If it's a hotel, we've got a lot of market studies to make sure we understand the demand and the clientele.”
“We're focusing more on residential communities to cover all price points, including workforce housing and permanent residential communities for nurses, teachers, and different folks in the community. That's a shift that we've made in our company.”
“We started a new community in West Bay on the Intracoastal Waterway called Latitude Margaritaville. When we opened sales, we had a lottery of 1,300 individuals buying for 200 home sites. Momentum has increased and our expectations have been exceeded in terms of demand.”
“We post a video every quarter showing the projects we have under construction. We do this not just for consumers but especially for our shareholders to provide transparency and financial information.”
“We're really excited about a collaboration with TMH Indiana College of Medicine to create a new healthcare medical campus in Bay County. We're optimistic that we'll be able to break ground on the first phase sometime next year.”
Jorge Gonzalez president and CEO of The St. Joe Company is our September speaker.Building is booming in the panhandle.
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