The St. Joe Company Announces Builder's Program at Bay County's Hawks Landing
biz.yahoo.com
Tuesday March 1, 9:10 am ET
Eighty-Four Home Sites Reserved for Local Northwest Florida Homebuilders; D.R. Horton, America's Builder, Comes to Northwest Florida
JACKSONVILLE, Fla.--(BUSINESS WIRE)--March 1, 2005-- The St. Joe Company announced today that it will develop and sell 167 home sites at Hawks Landing in Bay County, Florida to local and national homebuilders. Eighty-four of the home sites are reserved for homebuilders based in Northwest Florida. JOE has agreed to sell to D.R. Horton, Inc. the remaining 83 home sites in the community.
"Demand for primary housing in Bay County has been strong," said Peter S. Rummell, chairman and CEO of JOE. "There is a growing need for a wide variety of home choices. We think it is critically important to provide quality homes for Bay County families."
"Bay County and Northwest Florida homebuilders have a deep understanding of the local market," said Rod Wilson, president of the Northwest Florida region of St. Joe Towns & Resorts. "We believe reserving half of Hawks Landing home sites for local builders and half for D.R. Horton will provide outstanding alternatives for local home buyers."
Hawks Landing is an 88-acre primary home community in the city of Lynn Haven, a rapidly growing part of the region. Prices for home sites in Hawks Landing are initially expected to range from $50,000 to more than $65,000. Development is expected to start in the second quarter of 2005.
"Bay County's quality of life is second to none," said Donald R. Horton, chairman of D.R. Horton. "We see this as a tremendous opportunity to bring our product to a vibrant, growing community. We hope to work in Northwest Florida for many years to come and look forward to establishing strong relationships with local suppliers, subcontractors and vendors. As new members of the Northwest Florida community, we intend to actively participate in community life and infrastructure development." |
