St. Joe Breaks Ground on Celebration Village

ORLANDO-With the estimated arrival of at least 1,000 permanent residents to Central Florida each month, St. Joe Co. has broken ground on the first phase of a new shelter project in affluent Celebration, FL and plans to kick off a sales campaign in the Q3. The price range for the offerings is between $200,000 and $1 million.

“This new product in the Orlando market is being positioned to accommodate a rapidly growing segment of Florida homebuyers–Baby Boomers,” says St. Joe chairman and CEO Peter S. Rummell. “While oriented towards adults, it will not have any age restrictions for purchasing or living in the community.”

The 160-acre project will comprise 300 condominiums, 47 townhomes and 300 single-family houses. The neighborhood is in the southernmost portion of Celebration Avenue.