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EXHIBIT 99.1
Supplemental Information
For the Period Ending 12-31-00
[THE ST JOE COMPANY LOGO]
FORWARD-LOOKING STATEMENT. This document contains "forward-looking statements"
as defined by the Private Securities Litigation Reform Act of 1995. These
statements can be identified by the fact that they do not relate strictly to
historical or current facts. Forward-looking statements often use words such as
"anticipate," "expect," "estimate," "intend," "plan," "goal," "believe" or
other words of similar meaning. All forward-looking statements, by their
nature, are subject to risks and uncertainties. The Company's actual future
results may differ materially from those set forth in the Company's
forward-looking statements. In particular, discussions regarding (a) the size
and number of commercial buildings and residential units; (b) development
timetables, development approvals and the ability to obtain approvals;
(c) anticipated price ranges of developments; (d) the number of units that can
be supported upon full build-out; (e) absorption rates; and (f) expected gain
on land sales are forward-looking statements. For further information about
forward-looking statements, the reader should consult the disclosures contained
in the periodic reports filed by the Company with the Securities and Exchange
Commission, and in the Company's other written materials.
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Supplemental Information - St. Joe Commercial
For the Period Ending 12-31-00
[THE ST JOE COMPANY LOGO]
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ST. JOE COMMERCIAL
MAJOR LAND POSITIONS HELD FOR INVESTMENT
DECEMBER 31, 2000
($ in thousands)
ENTITLED ORIGINAL
MARKET ACRES SQ. FT. COST
----------------- ----- --------- --------
SOUTHEAST
Glenlake Atlanta, GA 18.1 850,000
Parkstone Plaza Chantilly, VA 19.1 240,000
Lakeside at Frisco Bridges Dallas, TX 60.2 1,458,000
3001 Knox Dallas, TX 2.6 245,000
Westchase Houston, TX 4.5 150,000
Oak Park at Westchase Houston, TX 54.9 1,460,000
----- ---------
159.4 4,403,000
----- ---------
NORTHEAST FLORIDA
Golfway Center St. Augustine, FL 23.3 140,000
----- ---------
CENTRAL FLORIDA
Millenia Park Orlando, FL 24.5 592,000
----- ---------
SOUTH FLORIDA
Beacon Square at Boca Boca Raton, FL 18.3 282,000
----- ---------
TOTAL 225.5 5,417,000 $ 75,000
===== ========= ========
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ST. JOE COMMERCIAL
DEVELOPMENT PROJECTS UNDER DEVELOPMENT
OWNED BY ST. JOE AND AFFILIATES
DECEMBER 31, 2000
CONSTRUCTION
NET RENTABLE COMPLETION STABILIZATION
MARKET OWNERSHIP % SQUARE FEET PRE-LEASED % DATE DATE
----------------- ----------- ------------ ------------ ------------ -------------
SOUTHEAST
CAREington Int'l. Dallas, TX 100% 74,000 100% 3Q/01 3Q/01
-------
NORTHEAST FLORIDA
TNT Logistics(1) Jacksonville, FL 100% 99,000 67% 1Q/02 3Q/02
Golfway Center (Tree of Life)(1) St. Augustine, FL 100% 69,000 72% 4Q/01 3Q/02
-------
168,000
-------
SOUTH FLORIDA
355 Alhambra Coral Gables, FL 45% 224,000 32% 1Q/01 2Q/02
IBM Boca Raton, FL 100% 160,000 100% 2Q/01 3Q/01
-------
384,000
-------
TOTAL 626,000
=======
(1) Currently in predevelopment.
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ST. JOE COMMERCIAL
PORTFOLIO OF OPERATING PROPERTIES -
LEASING EXPIRATIONS
DECEMBER 31, 2000
----------------------------------------------
NET LEASE EXPIRATIONS
RENTABLE LEASED ----------------------------------------------
MARKET OWNERSHIP % SQ. FT. PERCENTAGE 2001 2002 2003 2004 2005
--------------- ----------- --------- ---------- ------ ------ ------ ------ -------
SOUTHEAST
Deerfield Commons I Atlanta, GA 40% 121,000 85% -- -- -- -- 103,231
Westchase Corporate Center Houston, TX 93% 184,000 70% -- -- -- -- 92,680
--------- ----
305,000 76%
--------- ----
NORTHWEST FLORIDA
Park Center Panama City, FL 100% 23,000 93% 10,610 9,590 1,079 -- --
--------- ----
CENTRAL FLORIDA
CNL Center Orlando, FL 50% 346,000 80% -- -- 2,302 -- 16,815
Millenia Park One Orlando, FL 50% 158,000 85% -- -- -- -- 43,851
Prestige Place Clearwater, FL 100% 143,000 95% 12,134 17,457 52,573 27,159 9,159
Harbourside Clearwater, FL 100% 147,000 96% 36,832 27,772 17,652 28,991 6,804
Lakeview Tampa, FL 100% 125,000 94% 11,821 8,423 -- 53,927 21,421
Palm Court Tampa, FL 100% 62,000 100% 4,053 2,200 55,644 -- --
--------- ----
981,000 88%
--------- ----
SOUTH FLORIDA
NCCI Boca Raton, FL 100% 290,000 100% -- -- -- -- --
Westside Corporate Center Plantation, FL 100% 100,000 95% 8,205 6,279 13,365 8,490 38,588
--------- ----
390,000 99%
--------- ----
TOTAL 1,699,000 89% 83,655 71,721 142,615 118,567 332,549
========= ==== ====== ====== ======= ======= =======
5% 4% 8% 7% 20%
====== ====== ======= ======= =======
-----------------
LEASE EXPIRATIONS
----------------- ANNUAL
2006 AND NET OPERATING
THEREAFTER INCOME(a)
---------- -------------
SOUTHEAST
Deerfield Commons I -- 1,767(b)
Westchase Corporate Center 36,251 2,500(b)(c)
NORTHWEST FLORIDA
Park Center -- 197
CENTRAL FLORIDA
CNL Center 258,880 6,500(b)(c)
Millenia Park One 91,133 2,500(b)(c)
Prestige Place 17,222 1,239
Harbourside 23,278 1,315
Lakeview 21,793 1,394
Palm Court -- 618
SOUTH FLORIDA
NCCI 290,000 4,844
Westside Corporate Center 19,781 1,140
TOTAL 758,338 24,014
======= ======
45%
=======
(a) Represents budgeted net operating income.
(b) All information is shown at 100%.
(c) Represents proforma net operating income at stabilization.
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Supplemental Information - Arvida
For the Period Ending 12-31-00
[THE ST JOE COMPANY LOGO]
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ST. JOE/ARVIDA ----------------------WALTON COUNTY-----------------------
DESCRIPTION OF COMMUNITIES WATERCOLOR WATERSOUND CAMP CREEK GOLF CLUB
AS OF DECEMBER 31, 2000 ----------------- --------------- --------------------
YEAR SALES BEGIN 2000 2001 2003
YEAR OF COMPLETION 2009 2010 2003
ACRES IN COMMUNITY 499 256 1,203
TOTAL PLANNED UNITS
Arvida Built 374 20
Retail Lots/Outside Builder 717 TBD 0
----------------- --------------- ----------------
TOTAL 1,091 20
SALES, AS OF DECEMBER 31, 2000
Arvida Built 34 0 0
Retail Lots/Outside Builder 71 0 0
----------------- --------------- ----------------
TOTAL 105 0 0
REMAINING TO BE SOLD
Arvida Built 340 20
Retail Lots/Outside Builder 646 TBD 0
----------------- --------------- ----------------
TOTAL 986 20
----------------- --------------- ----------------
STABILIZED ABSORPTIONS 95 TBD 20
----------------- --------------- ----------------
ARVIDA-BUILT HOUSE PRICING (IN THOUSANDS) $400 - $1,000+ $900 - $1,000+ $325
LOT PRICING (IN THOUSANDS) $150 - $1,000+ $200 - $1,000+
----------------- --------------- ----------------
AMENITIES Resort Resort 36 Holes of Golf
Beach Club Beach Club
Boat House Tennis Facility
Tennis Facility
Parks
Pedestrian Trials
ST. JOE/ARVIDA -----------------------------------BAY COUNTY----------------------------------
DESCRIPTION OF COMMUNITIES SUMMERWOOD HAMMOCKS BAY COUNTY LOT PROGRAM HUNTINGTON W. LAKE POWELL
---------- ---------- ---------------------- ---------- ----------------
AS OF DECEMBER 31, 2000
YEAR SALES BEGIN 1998 2000 2000 2001 2004
YEAR OF COMPLETION 2002 2006 2016 2005 2018
ACRES IN COMMUNITY 79 143 225 138 1,550
TOTAL PLANNED UNITS
Arvida Built 152 475 0 268
Retail Lots/Outside Builder 67 0 447 0 TBD
----------- ---------- --------- ---------- ----------------
TOTAL 219 475 447 268
SALES, AS OF DECEMBER 31, 2000
Arvida Built 100 4 0 0 0
Retail Lots/Outside Builder 67 0 11 0 0
---------- ---------- --------- ---------- ----------------
TOTAL 167 4 11 0 0
REMAINING TO BE SOLD
Arvida Built 52 471 0 268
Retail Lots/Outside Builder 0 0 436 0 TBD
----------- ---------- --------- ---------- ----------------
TOTAL 52 471 436 268
----------- ---------- --------- ---------- ----------------
STABILIZED ABSORPTIONS 48 100 25 90 TBD
----------- ---------- --------- ---------- ----------------
ARVIDA-BUILT HOUSE PRICING (IN THOUSANDS) $120 - $175 $90 - $150 $95 - $150 $175 - $400+
LOT PRICING (IN THOUSANDS) $30 - $35 $105 - $120
----------- ---------- --------- ---------- ----------------
PLANNED AMENITIES Pool Tot lots None Pool 18 Holes of Golf
Bike Paths Beach club
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ST. JOE/ARVIDA --------------------GULF COUNTY--------------------- --CAPITOL REGION--
DESCRIPTION OF COMMUNITIES THE POINT AT SABAL BEACH MEXICO BEACH SABAL BEACH SOUTHWOOD
------------------------ ------------ ------------ ------------------
AS OF DECEMBER 31, 2000
YEAR SALES BEGIN 2001 2003 2004 2000
YEAR OF COMPLETION 2005 2015 2020 2020
ACRES IN COMMUNITY 80 946 810 3,770
TOTAL PLANNED UNITS
Arvida Built 1 2,707
Retail Lots/Outside Builder 111 TBD TBD 1,543
---------- -----------------
TOTAL 112 4,250
SALES, AS OF DECEMBER 31, 2000
Arvida Built 0 0 0 8
Retail Lots/Outside Builder 0 0 0 21
---------- ---------- ---------- -----------------
TOTAL 0 0 0 29
REMAINING TO BE SOLD
Arvida Built 1 2,699
Retail Lots/Outside Builder 111 TBD TBD 1,522
---------- -----------------
TOTAL 112 4,221
STABILIZED ABSORPTIONS 31 TBD TBD 265
ARVIDA-BUILT HOUSE PRICING (IN THOUSANDS) $250+ $115 - $300
LOT PRICING (IN THOUSANDS) $90 - $400+ $90 - $600+ $150+ $ 40 - $125
AMENITIES Beach club Beach club Beach club 18 holes of golf
Marina Marina Marina Pedestrian trails
Aquatic facility
Tennis facility
Clubhouse
Beach Club
ST. JOE/ARVIDA ------------------------------JACKSONVILLE--------------------------------
DESCRIPTION OF COMMUNITIES RIVERTOWN JAMES ISLAND ST. JOHN'S G. & C.C. HAMPTON PARK
---------------- --------------- -------------------- ------------
AS OF DECEMBER 31, 2000
YEAR SALES BEGIN 2000 1999 2001 2001
YEAR OF COMPLETION 2018 2003 2006 2004
ACRES IN COMMUNITY 4,346 194 820 150
TOTAL PLANNED UNITS
Arvida Built 365 533 158
Retail Lots/Outside Builder TBD 0 266 0
--------------- ---------------- -----------
TOTAL 365 799 158
SALES, AS OF DECEMBER 31, 2000
Arvida Built 0 186 0 0
Retail Lots/Outside Builder 15 0 0 0
---------------- --------------- ---------------- -----------
TOTAL 15 186 0 0
REMAINING TO BE SOLD
Arvida Built 179 533 158
Retail Lots/Outside Builder TBD 0 266 0
--------------- ---------------- -----------
TOTAL 179 799 158
STABILIZED ABSORPTIONS TBD 90 140 70
ARVIDA-BUILT HOUSE PRICING (IN THOUSANDS) TBD $175 - $450 $175 - $300 $200 - $350
LOT PRICING (IN THOUSANDS) TBD $ 30 - $ 70
PLANNED AMENITIES Marina Tennis facility 18 holes of golf
18 holes of golf Pool Clubhouse
Clubhouse Sports fields Aquatic facility
Aquatic facility Tot lot Sports fields
Sports fields Tot lots
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ST. JOE/ARVIDA ----------CENTRAL FLORIDA----------- SOUTH FLORIDA -MIDATLANTIC OPERATIONS-
DESCRIPTION OF COMMUNITIES VICTORIA PARK PERICO JUPITER WOODS INCLUDING SAUSSY BURBANK
AS OF DECEMBER 31, 2000 ---------------- ---------------- ------------- ------------------------
YEAR SALES BEGIN 2001 2003 2001 1999
YEAR OF COMPLETION 2011 2009 2006 Ongoing
ACRES IN COMMUNITY 1,859 225 175 N/A
TOTAL PLANNED UNITS
Arvida Built 2,630 326
Retail Lots/Outside Builder 993 TBD 0 N/A
---------------- -----------
TOTAL 3,623 326
SALES, AS OF DECEMBER 31, 2000
Arvida Built 0 0 0 231
Retail Lots/Outside Builder 0 0 0 0
---------------- ---------------- ----------- -----------
TOTAL 0 0 0 231
REMAINING TO BE SOLD
Arvida Built 2,630 326
Retail Lots/Outside Builder 993 TBD 0 N/A
---------------- -----------
TOTAL 3,623 326
STABILIZED ABSORPTIONS 440 TBD 102 250-500
---------------- ---------------- ----------- -----------
ARVIDA-BUILT HOUSE PRICING (IN THOUSANDS) $120 - $300 $270 - $450 $225 - $350 $140 - $350
LOT PRICING (IN THOUSANDS) $ 45 - $ 75
---------------- ---------------- ----------- -----------
PLANNED AMENITIES 18 holes of golf Beach club Pool Varies By
Clubhouse Fitness center Club House Community
Aquatic facility Aquatic facility
Sports fields Tennis facility
Marina