The St. Joe Company Begins Development of a New 216-Unit Apartment Community in Mexico Beach

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Mexico Beach, Florida

The St. Joe Company recently announced that a new 216-unit apartment community is now underway in the developer’s larger master planned community in Mexico Beach. Site work for the apartment community began on the west end of Mexcio Beach near U.S. Highway 98 and the town’s public boat ramp. A joint venture with partner HomeCorp, the larger community’s design calls for 944 residences including a mix of single-family homes, additional apartments, and townhomes in addition to a walkable commercial village.

“The demand for housing in Mexico Beach is very high and with the ongoing redevelopment of Tyndall Air Force Base, we expect that demand to continue to grow,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe in a recent press release about the project. “Given the location, the planned amenities and the mix of floorplans that we plan to offer, our anticipation is that this community will attract a mix of people who serve or work at the base, as well as people who just want to enjoy the unique Mexico Beach lifestyle.”

Located approximately 12 miles from the main gate of Tyndall Air Force Base, the project will offer housing for the base which is currently undergoing a multi-billion dollar redevelopment to create what The United States Air Force is calling “the base of the future.” The new apartment community is planned to feature a mix of one-, two- and three-bedroom apartments, each with a screened balcony or patio. Onsite amenities planned will include a clubhouse with a fitness center and an internet café, a pool, a playground and a dog park as well as a gated entry for residents.

“HomeCorp is pleased to work with St. Joe on this project to bring much-needed, quality apartment community living to Mexico Beach,” said Herbert Scheuer, Principal of HomeCorp in the press release. “We look forward to welcoming residents and bringing our unique approach to multi-family housing to this beautiful area.” St. Joe and HomeCorp have partnered in the past to create the Watersound Origins Crossings and Pier Park Crossings apartment communities.

Future phases of the apartment community include plans for an additional 201 apartments. Click below to read the complete press release regarding the project.

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