The St. Joe Company and Flournoy Development Company announced the formation of a joint venture to develop, construct and manage a new apartment community in Panama City Beach, Florida. Plans call for the apartment community to be located off US Highway 98 near the Breakfast Point community. Current plans for the apartment community include four four-story buildings with elevators and air-conditioned corridors featuring a total of 300 one, two and three-bedroom apartment homes that will be available for lease. Amenities that are planned for this gated apartment community include a resort-style pool area, wellness and health studio, playground, covered boat and RV parking, dog parks and pickleball courts among others. The proposed location for this project is in close proximity to the local schools, less than two miles from the Gulf of Mexico and Panama City Beach’s world-famous white-sand beaches and within walking distance to several shopping and dining options. Site development and construction are expected to begin immediately with apartment homes being available for lease in the summer of 2021.