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Ginn Runs Six-Year Sales to $800M

CELEBRATION, FL-Hammock Beach and Yacht Harbor Village, part of a 1,000-acre oceanfront resort community that broke ground in 1999 near St. Augustine, FL, led the rush with $146 million on the sales of 210 condominium units and 173 home sites.

By Alex Finkelstein | Updated on March 01, 2004

CELEBRATION, FL-Developer Bobby Ginn is breaking out the bubbly today as he and his six-year-old Ginn Real Estate Co. celebrate consecutive years of record resort community sales. The company is moving into its 2004 sales campaign with $800 million in volume booked to date.

The 2003 performance totaling $311 million at six condo ventures was “incredibly rewarding” for the company, says Ginn executive vice president Jim Matoska. The firm, relatively unknown in Florida condo development circles six years ago, booked $186.4 million on 700 lots and $124 million on 347 condo units.

The company has capitalized on a vibrant Florida condo market that saw its sales climb from $34 million in 2000 to $37.2 million in 2001 and $177.7 million in 2002.

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