SANTA ROSA BEACH, Fla. —The St. Joe Company (NYSE: JOE) and Watercrest Senior Living Group have announced plans for an assisted living and memory care community in Santa Rosa Beach, located on the Florida Panhandle.
The community will feature 75 units of assisted living and 32 units for memory care.
St. Joe will be the majority owner in the project, while Watercrest will manage community operations. This will be the first Watercrest facility in Northwest Florida.
Construction of the community is expected to begin in 2019, opening by the end of 2020.