Real Estate

The Associated Press

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Watersound® Town Center Announces New Tenants as Growth Accelerates and Construction Continues on Leasable Space

PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--Nov 6, 2025-- The St. Joe Company (NYSE: JOE) (“St. Joe,” “We”) announces additional national and regional retail stores, new dining concepts and professional office tenants coming to Watersound Town Center, St. Joe’s open-air lifestyle shopping center located at the entrance to the Watersound Origins ® community in Inlet Beach, FL, which is now 98% leased. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251106549221/en/ Conceptual artist rendering of the multi-tenant retail building currently under construction at Watersound Town Center where several national and regional retail tenants are anticipated to open in mid-2026. Demonstrating strong demand and continued momentum, we executed the following new leases in the new building that is currently under construction and is expected to be completed later this year: FP Movement —national activewear brand from Free People with 220 store locations across the country; anticipated to open in mid-2026. Monkee’s —regional, locally owned and operated upscale women’s clothing boutique with 60 locations primarily throughout the Southeast; anticipated to open in mid-2026. Johnnie-O —national premium golf-inspired apparel company with products distributed through nearly 2,000 golf shops and 15 branded retail stores; anticipated to open in mid-2026. Hemline —regional fashion-forward women’s clothing