New Retailers Open at Watersound Town Center, Two More Buildings Planned

Business Wire··Read original
2▲1 ▼0Impact / 5
Summary · why it matters

The St. Joe Company announced the opening of several new retailers at Watersound Town Center in Inlet Beach, Florida, with two additional buildings planned to break ground this year to meet demand from other national apparel brands. FP Movement, Hemline, Monkee's, and Sunset Shoes & Lifestyles have recently opened, and Johnnie-O is expected to open later this summer. The center, which currently has about 160,000 square feet of space and is 98% leased, is planned to grow to approximately 400,000 square feet. Recent openings also include Jersey Mike's Subs, Lagree 30A, a Fischer Homes office and showroom, and Art-of-Fact(s). The Watersound Origins, Watersound Camp Creek, and Watersound Origins Crossings residential communities nearby have more than 1,700 completed homes, townhomes, and apartment units, with additional homesites in development.

Impact on assets 1

Real Estate▲
St Joe Company
JOE
▲ PositiveDemandrelevance

New retailers opening and high lease occupancy (98%) indicate strong demand for St. Joe's commercial space, with two more buildings planned to meet demand from national apparel brands.

Off-coverage companies 8

Art-of-Fact(s)i
Private± Mixedrelevance

Fischer Homesi
Private± Mixedrelevance

Hemlinei
Private± Mixedrelevance

Jersey Mike's Subsi
Private± Mixedrelevance

Johnnie-Oi
Private± Mixedrelevance

Lagree30Ai
Private± Mixedrelevance

Monkee'si
Private± Mixedrelevance

Sunset Shoes & Lifestylesi
Private± Mixedrelevance