The St. Joe Company (NYSE: JOE) (“St. Joe”) releases its 2020 letter to shareholders and Annual Report on the company’s website at www.ir.joe.com.
St. Joe owns 171,000 acres in Northwest Florida. The Sector Plan entitles, or gives legal rights, for us to develop rover 170,000 residential dwelling units, over 22 million square feet of retail, commercial and industrial space and over3,000 hotel rooms on lands within Florida’s Bay and Walton counties. We also have additional entitlements, or legalrights, to develop acreage outside of the Sector Plan. Approximately 86% of our real estate is located in Florida’s Bay, Gulf, and Walton counties. Approximately 90% of our real estate is located within 15 miles of the Gulf of Mexico.Undeveloped land is managed as timberlands until designated for development. We anticipate a wide range of residential, commercial and hospitality uses on these land holdings. We have operating assets and projects underdevelopment in our residential, hospitality, and commercial segments.