The Fort Walton Beach area of Florida continues to see substantial construction activity as two more developers in the state have announced new plans to build a senior living facility in the region. The St. Joe Co. issued a press release together with the Watercrest Senior Living Group, saying that they plan to open a complex with 107 units near U.S. Highway 98 on St. Joe Island. When completed, the complex will have 75 assisted living units and 32 memory care units. St. Joe will retain majority ownership in the development while Watercrest will be responsible for managing operations.
The project is expected to begin construction in 2019 with building and design completed and ready to accept residents by the end of 2020. A Watercrest executive described the proposed project as a luxury community that would offer world-class healthcare and services.