Gulfshore Business Daily: June 11

Lead Photo: The Breast Center of Naples

 

HERTZ PLAN OF REORGANIZATION CONFIRMED BY BANKRUPTCY COURT

Hertz Global Holdings Inc. on Thursday announced that the bankruptcy court confirmed the company’s plan of reorganization. The plan unimpairs all classes of creditors, who are legally deemed to have accepted it, and was approved by more than 97% of voting shareholders. The court’s approval clears the way for Hertz to emerge from Chapter 11 by the end of June. Hertz’s plan will eliminate more than $5 billion of debt, including all of Hertz Europe’s corporate debt and provide more than $2.2 billion of global liquidity to the reorganized company. For court documents or filings, click here. White & Case LLP is serving as legal advisor, Moelis & Co. is serving as investment banker and FTI Consulting is serving as financial advisor.

 


Video courtesy of WINK News

TWO MIXED-USE DEVELOPMENTS PLANNED FOR DOWNTOWN CAPE CORAL

Two new mixed-use developments are in the planning stages for downtown Cape Coral. An empty lot on Bimini Basin is the site of a $50 million project set to attract 185 apartments, commercial space, a parking garage and a waterfront restaurant. An empty lot between Cape Coral Parkway and SE 47th Terrace is destined for the Cape at 47th project with 280 apartments, retail, office space and another garage. Both projects are targeted to break ground next year, WINK News reports

 

STORES AT RSW AIRPORT NEED TO FILL POSITIONS BECAUSE OF INCREASED TRAVEL

Because Southwest Florida International Airport is back to pre-pandemic levels when it comes to travelers, stores at the airport need help serving customers. Paradies Lagardère, which operates 18 stores at the airport, has 10 positions that need to be filled. “We’re about 85% staffed,” says Rachel Berta, the general manager of Paradies Lagardère at RSW. An expected spike in airport passengers this summer will increase the need. A job fair for retail positions at the airport is planned from 8:30 a.m. to 12:30 p.m. Wednesday, June 16, at the Drury Inn & Suites, WINK News reports. Prospective hires can begin applying to openings ahead of the job fair by clicking here.

 

Video courtesy of WINK News

NEW RETAIL STORES COMING TO WATERSIDE SHOPS IN NAPLES

Parts of Waterside Shops in Naples are a construction zone this summer as spaces are readied for new stores this fall at the upscale, open-air mall. The former freestanding building for Ralph Lauren has already been partially demolished on the eastern edge of the mall as its square footage is downsized for Hermès, which will return to Waterside Shops in 2022. Ralph Lauren is relocating its retail store to Brooks Brothers’ former spot, where it is expected to open this fall. Gucci also is closed this summer for a full-scale renovation of its store. Other units being built out prepare for the launch of new tenants, including Evereve women’s clothier in August and Santa Fe Café coming this fall to a new restaurant space at Waterside Shops on the corner of U.S. 41 North and Seagate Drive. 

 

AAA HOTEL INSPECTIONS TO MEASURE SURFACE CLEANLINESS

AAA– which conducts annual anonymous in-person inspections at more than 26,000 hotels across North America – will now test sanitation levels of high-touch surfaces, as part of its evaluation. Hotels that meet AAA’s standards for cleanliness, condition and this new surface cleanliness testing will now be recognized as Inspected Clean and then assigned a Diamond designation. The new Inspected Clean criteria relies on an objective method to validate cleanliness by detecting adenosine triphosphate (ATP)—an energy-carrying molecule found in all living cells. ATP is found in most food sources, human skin cells, bacteria, yeast, mold and biological material found in respiratory droplets. While the test does not provide direct identification of viruses such as the one that causes COVID-19, it will allow for confirmation of properly cleaned surfaces, AAA states. ATP monitoring is recognized by the Centers for Disease Control and Prevention and is used in healthcare, food service, education and other environments that require effective sanitation monitoring programs. AAA inspectors will start conducting testing to identify Inspected Clean properties later this month.

 

DEANGELIS DIAMOND COMPLETES THE BREAST CENTER OF NAPLES

DeAngelis Diamond’s special projects division recently completed a tenant improvement for The Breast Center of Naples, which provides breast imaging and care to the women of Southwest Florida. This more than 5,000-square-foot project included minor demolition, the building of three mammogram rooms, three ultrasound rooms and a large waiting room, and features high-end finishes, COVID-friendly touchless fixtures and medical equipment. Additionally, the project encompassed the installation of new partitions, lights, diffusers, ACT, fire alarm, bathrooms, doors, paint, tile flooring and a revised sprinkler system. DeAngelis Diamond’s special projects currently under construction include several additions in Mediterra, a renovation in Pelican Marsh, a renovation for The School District of Lee County and tenant improvements in the Fifth Third Bank building.

 

Pulte Homes has announced its newest community, Northridge at Babcock Ranch

PULTE ANNOUNCES NEW NORTHRIDGE AT BABCOCK RANCH COMMUNITY

Pulte Homes has just announced Northridge at Babcock Ranch, the newest Pulte Homes-branded community located in Babcock Ranch, America’s first solar-powered town. The 116-acre community will include an expected 322 one- and two-story homes with options for both water and preserve views. Floor plans will offer square footage ranging from 1,400 to more than 4,600 square feet. Northridge at Babcock Ranch is estimated to break ground on models and open for sale in late 2021. Pricing starts from the $200,000s.

 

Gulfshore Playhouse rendering. Courtesy Gates Construction

GATES CONSTRUCTION, GILBANE TO BUILD GULFSHORE PLAYHOUSE THEATER

Gates Construction has partnered with Gilbane in a joint venture to build the Gulfshore Playhouse. The 40,000-square-foot facility, situated on a 3-acre parcel at the corner of First Avenue South and Goodlette-Frank Road, will extend the heart of downtown Naples to the east of Ninth Street. The reception lobby will feature lounge areas and the theater’s bar. The complex will include a 350-seat state-of-the-art proscenium-style theater, which will be used for large-cast productions presented on a grand scale. The stage will be an equivalent size and scale as a Broadway theater and used for incubating productions heading to New York, when appropriate, Gates says. Additionally, there will be a secondary 150-seat black box studio theater. The new facility will also offer educational programs for children, teens and adults. H3-Arquitectonica is providing design services.

 

Grenada Great Room

SEAGATE’S WINDWARD ISLE IN NAPLES NOW SOLD OUT 

Windward Isle, a gated enclave of 28 single-family residences on Airport-Pulling Road in Naples, is sold out, Seagate Development Group says. Windward Isle features eight one- and two-story floor plans that are fully customizable and accommodate 2,583 to over 4,000 square feet of living space. The homes include three to five bedrooms, three to five and one-half baths, and a two- or three-car garage in an open concept. Windward Isle homes unveil coastal, West Indies-style architecture, decorative aluminum shutters, cypress wood corbels and a custom swimming pool. 

 

Milano Lakes

MILANO LAKES APARTMENT COMMUNITY SOLD

The sale of Milano Lakes, a luxury apartment community developed by FL Star in South Naples, has closed. Located on a 23-acre site off Collier Boulevard, Milano Lakes includes 296 apartment homes in eight buildings and two clubhouses, a children’s playground, sports court and dog park. The buyer of Milano Lakes is an international investment firm with extensive real estate holdings; the sale was brokered by Cushman & Wakefield of Fort Lauderdale. FL Star is a conglomerate of real estate entities headed by David E. Torres and Gary Hains, who offer more than 40 years of combined experience in the construction industry. 

 

FORT MYERS BREWING TO HOST SUMMER BEER FEST JUNE 18-20

Fort Myers Brewing Co. will host its ninth annual Summer Beer Fest June 18-20 at 12811 Commerce Lakes Drive, Suite 28, in Fort Myers. The three-day summer bash will feature five live music performances, including Matt Walden, Hat Trick and Tobacco Rd Band, and more than 30 specialty beers. Additionally, the event will feature family- and pet-friendly activities and more than 10 food trucks, such as Wicked Streatery, Vesuvius Wood Fired Pizza and Mobstah Lobstah. Guests are encouraged to bring lawn chairs, as seats tend to fill up quickly. For more event details, click here.

 

FGCU BOARD OF TRUSTEES AUDIT AND COMPLIANCE COMMITTEE TO MEET JUNE 17

The Audit and Compliance Committee of the Florida Gulf Coast University Board of Trustees meets virtually in an executive session at 1 p.m. on June 17 to discuss data and information technology security. The session is closed, pursuant to 1004.055, Florida Statutes. For more information, contact Tiffany Reynolds at treynold@fgcu.edu.

 

CHARITABLE NOTES

 

Vi at Bentley Village golf fundraiser surpasses goal

Residents of Vi at Bentley Village generated a record amount of donations through its annual golf-a-thon on June 7. The men’s and ladies golf associations joined forces to play 1,000 holes and raise $10,000. Community residents played a record-setting 1,296 holes and $17,125 was raised for the Harry Chapin Food Bank. In previous golf-a-thons, Head PGA Golf Pro Stan Geer played 300 holes of golf to raise money and generate food donations for the organization. This year, the residents became more involved and enhanced the tournament with their own participation.

 

Nine students receive technical, trade school scholarship

The Foundation for Lee County Public Schools and the Shadow Wood Charitable Foundation on May 24 surprised nine students with a $5,000 scholarship to any trade or technical school. The scholarship was awarded to seven students from Bonita Springs High School and two students from Estero High School virtually in front of their principals, families and counselors.

 

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