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Gulfshore Business Daily: July 6

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Video courtesy of WINK News

CAPE CORAL LEADERS TO VOTE THIS AFTERNOON ON MASK MANDATE

After a long and heated special meeting Thursday, the decision to implement a mask mandate in Cape Coral was put on hold until today. Two City Council members left the meeting early last week, so not enough members were present for a quorum. The meeting will reconvene at 4:30 p.m. today to hear more public comment before taking a vote, WINK News reports.
 

PHYSICIANS REGIONAL MEDICAL OFFICES PLANNED FOR FOUNDERS SQUARE

MedProperties Realty Advisors LLC and Catalyst Healthcare Real Estate have teamed to develop a 35,000-square-foot medical office building in the new 55-acre Founders Square retail and residential mixed-use development under construction on the southeast corner of Collier Boulevard and Immokalee Road. The partnership closed on the property on June 17. The office space is already 100 percent pre-leased for a 15-year initial term by Naples-based Physicians Regional Healthcare, said Darryl Freling, managing principal of MedProperties, a Dallas-based healthcare real estate private equity firm. The building will be developed by Pensacola-based Catalyst, which has had a long-standing business relationship with MedProperties.  Founders Square also will include more than 400 luxury multifamily units and more than 270,000 square feet of retail space, including multiple restaurants, stores and a high-end spa, according to a news release.
 

Photographer: Mark Kauzlarich/Bloomberg via Getty Images via CBS Chicago. Via WINK News

TRADER JOE’S PLANS TO OPEN GROCERY STORE IN FORT MYERS

Trader Joe’s has plans to open a Fort Myers location, the grocer’s first in Lee County. The county’s permitting website shows Trader Joe’s has an application on file to develop a grocery store at 4983 S. Cleveland Ave., the former location of a Toys “R” Us store in the Page Field Commons shopping center, WINK News reports. The chain’s first Florida store opened in North Naples in February 2012.

 

FIRST HORIZON, IBERIABANK COMPLETE MERGER

First Horizon National Corp. and IBERIABANK Corp. have completed their previously announced all-stock merger of equals. The combined company, with $79 billion in assets, $60 billion in deposits and $58 billion in loans as of March 31, will be headquartered in Memphis, Tennessee and operate under the First Horizon name. Clients will continue to be served through their respective First Horizon or IBERIABANK branches, websites, mobile apps, financial advisors and relationship managers until systems are integrated. IBERIABANK will adopt the First Horizon name following operating systems conversion, which is expected to occur in mid-2021. For convenience, clients can continue to use the full ATM network of both banks for cash withdrawals at no charge. As the various systems of each bank are integrated and converted over the next year or so, affected clients will be notified of the changes. For more details, visit firsthorizon.com.
 

TGR FINANCIAL COMPLETES $22 MILLION SUBORDINATED NOTES OFFERING

TGR Financial Inc., the holding company for First Florida Integrity Bank, has completed a private placement of $22 million in ten-year, fixed-to-floating rate subordinated notes due 2030 (the Notes) to certain qualified institutional buyers and accredited investors. The Notes have a maturity date of June 30, 2030, and an initial interest rate of 6% per annum, payable quarterly for the first five years of the term, then quarterly at a variable rate on the then-current three-month SOFR plus 590 basis points. The company may redeem the Notes on or after June 30, 2025, or at any time upon certain other specified events. For more details, visit ffibank.com.

 

COLLIER CHILD CARE RESOURCES CHANGES NAME

Collier Child Care Resources (CCCR) officially changed its name to Child’s Path on July 1 during a launch party video, which is viewable here. The new website for Child’s Path is available at childspath.org. Child’s Path mission is to help underserved children have the best start at a successful future through access to high-quality early education and care.
 

GREATER FORT MYERS CHAMBER TO CELEBRATE BOARD LEADERSHIP TRANSITION ON THURSDAY

The Greater Fort Myers Chamber of Commerce will hold a Board Transition Celebration at 5 p.m. on Thursday at Crowne Plaza Fort Myers at Bell Tower. The Chamber will honor outgoing chairman Bryan Blackwell, managing partner at Molloy Financial Group, while welcoming incoming chairman Jim Larkin, general manager at Crowne Plaza Fort Myers at Bell Tower. Additionally, the chamber will formally recognize new officers, including Angela Schivinski as first vice chair, William Fricke as second vice chair and Michele Hoover as treasurer. The cost to attend is $20 per person and includes beer, wine and heavy hors d’oeuvres. A cash car is available for cocktails. To register, visit bit.ly/GFMCCJuly9 or call 239-332-2930. During the live stream, the chamber also will be announcing winners of its 144 Envelope Adventure, a chance drawing that includes hotel stays, golf packages, cruises, gift certificates, sports memorabilia and more. The drawing is still open for participation at FortMyers.org/Envelope-Adventure.
 

Claudia Dal Lago. Photo by: Caronchi Photography

DAL LAGO APPOINTED TO MENTAL HEALTH ASSOCIATION OF SOUTHWEST FLORIDA BOARD

Claudia Dal Lago, the owner of Ella Creations Marketing, was recently appointed to the Board of the Mental Health Association of Southwest Florida. In her role, she will assist with fundraising and support the marketing efforts of the association. With more than 20 years of public relations and marketing experience, Dal Lago founded Ella Creations 10 years ago in New York City. Dal Lago moved her business to Naples eight years ago and currently represents small to midsize businesses in Southwest Florida. The Mental Health Association of Southwest Florida is dedicated to promoting mental health, preventing mental and substance use conditions and achieving victory over mental illnesses and addictions through advocacy, education, research and service. For more information, visit mhaswfl.org.

 

CHARITABLE NOTES

Florida Blue gifts $10,000 grant to The Immokalee Foundation

The Immokalee Foundation received a $10,000 grant from Florida Blue to support the foundation’s groundbreaking program, Career Pathways: Empowering Students to Succeed. Career Pathways is a career-readiness program that introduces students to well-paying career opportunities in four high-demand employment sectors and guides them to the industry-recognized certifications that provide entry into many of these careers. For more information, visit immokaleefoundation.org.
 

Community Foundation awards grant to Neighborhood Health Clinic

Neighborhood Health Clinic has received a $10,000 grant from the Community Foundation of Collier County. These funds will support the clinic’s response to the COVID-19 pandemic. During this pandemic, the clinic has remained open to continue to deliver quality medical and dental care to Clinic patients. The clinic was able to help patients control their chronic diseases by providing their medication. To continue working, the clinic provided protective gear and soaps, educated patients on safety measures and provided social services when needed. As the clinic does not accept governmental funding, and patients are uninsured, the grant allows the clinic to continue to provide hope and healing for those in need. The Community Foundation of Collier County awards annual grants through a competitive application and review process. Selected organizations receive grant dollars from the Changing Needs Fund. 
 

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