Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JACKSONVILLE, FL-Striving for a stronger international image, locally based St. Joe Co. is renaming Arvida Co., its community development arm, as St. Joe Towns & Resorts, says chairman and CEO Peter S. Rummell. The renamed division will continue to operate as a separate business unit.

“This decision is part of the natural evolution of our business, reflecting the reality of the company we have become,” Rummell says in a prepared statement. “This transition unifies our name and face to the world; gives us the ability to clarify our identity in the marketplace; and helps to achieve operating efficiencies.”

Britt Greene, president of St. Joe Towns & Resorts adds, “Only the name will be changing. The creativity, customer focus and exacting standards we bring to every community remain the same. Our goal is to create authentic, original places people are proud to call home.”

St. Joe Co. acquired assets in Arvida, one of Florida’s most successful master-planned developers, in 1997. The legendary Arthur Vining Davis founded Arvida in 1958. Over the years, the company created 60 planned communities with 40,000 new homes and 30 golf courses in Florida, Georgia, Texas, California, South and North Carolina.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.