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St. Joe Breaks Ground on 60-Room Hideaway Resort in Northwest Florida

ORLANDO-Locally-based Arvida Realty Commercial Services, St. Joe's community development arm, is developing the 499-acre coastal community on the silver sand beaches off the Gulf of Mexico in south Walton County, 275 miles northwest of Downtown Orlando. The estimated hard construction cost is $20 million.

By Alex Finkelstein | Updated on October 18, 2000

ORLANDO-St. Joe Co., the largest commercial developer in Florida, has broken ground on the WaterColor Inn, a 60-room beachfront resort off the Gulf of Mexico in south Walton County, 275 miles northwest of Downtown Orlando. The estimated hard construction cost is $20 million.

Locally-based Arvida Realty Commercial Services, the community development arm of St. Joe, is developing the venture on a 2.5-acre beachfront pad. David Rockwell of the Rockwell Group in New York designed the northwest Florida resort scheduled to open in early 2002.

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