Subscribe to Florida Trend

NAVIGATION

June 25, 2018

Economic yearbook 2011

Florida's Biggest Private Landowners

The 10 — which own about a tenth of the state — will play a key role in Florida's future.

Cynthia Barnett | 4/1/2011

2 St. Joe Co.

St. Joe Co.
[Photo: St. Joe Co.]

Publicly held real estate company (NYSE-JOE)
Florida acres: 576,000
Headquarters: WaterSound, outside Panama City

St. Joe Co., the former paper-and-timber company that once owned a million acres in northwest Florida, was the state's No. 1 landowner until 2009. It dropped to No. 2 as it shed timberland to focus on its community and commercial developments. The most aggressive of Florida's top 10 landowners in developing its holdings, St. Joe saw its residential real estate push, planned for a decade, founder with the economy. The company lost $130 million on revenue of $138.3 million in 2009.

Major shareholder Miami-based Fairholme Fund recently forced President and CEO Britt Greene and three other board members out and is expected to spur changes to St. Joe's real estate strategy. Its 71,000-acre West Bay project is the state's largest master-planned mixed-use development, with a 50-year growth plan. St. Joe has focused on enticing aerospace and alternative energy companies to the VentureCrossings commercial project at West Bay, adjacent to the Northwest Florida Beaches International Airport, for which St. Joe donated the land.

In September, the company hired Neal Wade, former head of the Florida's Great Northwest economic-development effort and most recently the Alabama Development Office. With 1,000 acres entitled around the airport, St. Joe has "positioned this region for the aggressive new marketing effort the new governor and the state are going to do for the next few years," Wade says.

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Lincoln Road keeps growing — and its small businesses keep closing
Lincoln Road keeps growing — and its small businesses keep closing

Over the last five years, a wave of out-of-town investors have paid record-high prices for Lincoln Road properties looking to capitalize on the Beach's international cachet. Increasingly, small businesses unable to keep pace with the skyrocketing rents in the historic Miami Beach shopping district are being forced to decide between relocating or closing.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Should Florida collect sales tax from all online retailers?

  • Yes
  • No
  • Unsure, need to understand issue better

See Results

Ballot Box
Subscribe