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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  March 10, 2006  |   Hurricanes Don't Stop Florida's Largest Landowner The St. Joe Co., the largest private owner of land in Florida, isn’t going to let a few hurricanes stop it from developing key stretches of the 838,000 acres it owns, St. Joe President Kevin Twomey told investors at the Raymond James & Associates meeting in Orlando. Most of the projects on which St. Joe is concentrating are on or near the cost, including a 4,170-acre residential, retail, and commercial project south of Jacksonville on the St. Johns River that St. Joe has won approval to break ground on shortly. People still want to live on or near the beach, Twomey says. “I’m not spooked myself,” Twomey told the audience, noting that after hurricanes Charley, Frances, and Jeanne in 2004, he personally moved to a “bigger beach house.” Source: Orlando Sentinel, Jerry W. Jackson (03/09/06)

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