Lead Photo: Frantz EyeCare corporate headquarters. Details below.
HERTZ REACHES RESTRUCTURING MILESTONE, FILES REORGANIZATION PLAN
Hertz Global Holdings Inc. has reached a key milestone in the company’s Chapter 11 process by filing its proposed plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court, the Estero-based company announced Tuesday. The plan proposes that Knighthead Capital Management LLC and Certares Opportunities LLC and their affiliates will serve as the plan sponsors and will commit to invest up to $4.2 billion to purchase up to 100% and not less than a majority of the common stock of the reorganized Hertz. If consummated, the proposed investment — together with a new $1 billion first-lien financing, a new $1.5 billion revolving credit facility and a new asset-backed securitization facility to finance Hertz’s U.S. vehicle fleet — will provide the basis for the proposed plan and the funding needed for Hertz to complete its financial restructuring and emerge from Chapter 11 in early to mid-summer. The equity investment will take the form of a direct purchase of up to about $2.3 billion of common equity of reorganized Hertz, together with a commitment to backstop a rights offering for up to about $1.9 billion of common equity in the reorganized Hertz, which will be made available to unsecured creditors as part of the plan. The proposed plan is subject to court approval and due diligence.
NCH HOSPITAL VISITING HOURS TO EXPAND STARTING TODAY
Because of the recent decline in COVID-19 hospitalizations, NCH is expanding its visiting hours at both NCH Baker Hospital Downtown and the NCH North Naples Hospital starting today. Visiting hours will be 9 a.m. to 6 p.m. daily. Patients will be allowed two visitors at a time for general and critical care areas but no visitors under age 12 are permitted. All hospital visitors still must practice social distancing, wear a hospital-supplied face mask and sanitize their hands with alcohol-based gel before visitation. No visitation is allowed for anyone who has respiratory symptoms including coughing, runny nose, fever, congestion, shortness of breath or chest pain. Individuals who are ill, have fever, or have been exposed to COVID-19 should refrain from visiting, WINK News reports.
LEE COMMISSIONERS OK PURCHASE OF 10 ACRES ON PINE ISLAND FOR CONSERVATION 20/20
Lee County commissioners on Tuesday voted to approve the purchase of about 10 acres in St. James City on Pine Island, contiguous to the Pine Island Flatwoods Preserve. The parcel consists of native pine flatwoods, mangrove forest and natural wetlands. It also is contiguous to Calusa Land Trust conservation land. The Conservation Land Acquisition and Stewardship Advisory Committee previously voted unanimously to recommend the purchase and the board voted Sept. 15 to pursue the purchase. The purchase agreement is for $30,000. There are 31,060 acres within Conservation 20/20, Lee County’s land acquisition and management program.
STEVENS CONSTRUCTION STARTS CORPORATE HQ FOR FRANTZ EYECARE
Stevens Construction has started construction of the new corporate headquarters of Frantz EyeCare. Located at 9617 Gulf Research Lane, the 60,000-square-foot, two-story building will include an AHCA-licensed surgery center with four operating rooms with sterilization and recovery. The first floor will house the surgery center, a laser vision correction suite, cosmetic center treatment rooms, eye examination pods, a retail area and an expansive lobby. The second floor will encompass the administrative offices and space available for lease. Designed to promote staff efficiency, quality data collection and a unique patient experience, Frantz EyeCare is targeted for completion in early 2022. The Stevens team worked in preconstruction for 10 months prior to construction. The construction team includes project manager Jon Zander, superintendent Jamie Bridges and project administrator Rebeccah Cabana. The design team includes Gordon & Associates Architect LLC, Southview Studios and Quattrone & Associates Inc.
TOPGOLF TO OPEN FORT MYERS VENUE IN LATE 2021
Topgolf Entertainment Group’s Fort Myers venue is expected to open in late 2021. Topgolf’s seventh location in Florida will offer the familiar golf experience, featuring an open-air, multi-level environment with point-scoring games in the outdoor hitting bays, food, drink and music in a climate-controlled space. In addition to private event space, this venue will also offer an outdoor patio and rooftop terrace. Construction is underway, with crews breaking ground on the venue earlier this year along the newly named Topgolf Way off Interstate 75 behind the Colonial Square Town Center near the new Cypress Lakes development. The local destination, expected to employ more than 300 people, will have two levels and 72 hitting bays, WINK News reports.
NAPLES-BASED HOFFMANN TO ACQUIRE SIXTH VINEYARD IN MISSOURI
The Hoffmann Family of Companies, based in Naples, is set to acquire Mount Pleasant Estates, its sixth Missouri vineyard, through a signed letter of intent, adding to the more than 700 acres already purchased in that area. Established in 1859 with buildings dating to the 1820s, Mount Pleasant Estates is the oldest winery in the Augusta appellation. The vision of the Hoffmanns through their $100 million investment, is to create a world-class destination much like that of Napa Valley and Sonoma. Plans for the area include wine trolley tours, steamboat cruises, horse and buggy rides, a 12-hole championship golf course, luxury hotel and spa, downtown shops, fine dining and more.
ONE SOURCE BUSINESS CAPITAL CLOSES $1.8 MILLION LOAN
One Source Business Capital (OSBC) recently closed a $1.8 million SBA 7(a) loan for a client to purchase a car wash business in Fort Myers. The out-of-state buyer was encountering difficulty being approved for funding and was referred to OSBC who has a reputation of securing loans for difficult deals, the business states. One Source Business Capital has office locations in Fort Myers, Florida; Austin, Texas; and Lee, Massachusetts; and can assist in lending to business nationwide.
MK ARCHITECTURE SELECTED FOR NEW WOODWORKER’S BUILDING AT MAPLE LEAF GOLF & COUNTRY CLUB
MK Architecture has had been awarded the contract for the design of the Woodworker’s Building for the Maple Leaf Golf & Country Club in Port Charlotte. The project consists of a 2,400-square-foot, pre-engineered building that will house a high-end resident woodworking shop. The building will be an air-conditioned facility with a full woodworking shop with lathes, table saws, joiners, routers, drill presses and sanders, and a full down-draft waste vacuum venting system. The project is currently in the construction documents phase and is expected to be submitted for plan review by May 2021.
PAVESE LAW FIRM ADDS MANAGING PARTNERS
Pavese Law Firm Partners Chad Capps and Chene’ Thompson will join current Managing Partner Charles Mann to form a three-person management committee, effective immediately. Capps and Thompson were selected to serve with Mann for 2021, to ensure continuity as Mann intends to step down as managing partner in December 2021. Capps joined the Pavese Law Firm in 2008 and became a partner in 2013. He is one of 28 lawyers in Florida that are certified in both real estate, and condominium and planned development law. Thompson joined the Pavese Law Firm in 2013 and became a partner in 2015. She became a member of Florida Trend Magazine’s Legal Elite in 2019. Prior to coming to the firm, Thompson successfully prosecuted organized crime, white-collar fraud and large-scale narcotics trafficking. Thompson is the first female managing partner in the firm’s 72-year history.
BLUE NAMED DIRECTOR OF NURSING FOR CYPRESS AT HOME
Jennifer Blue has been appointed director of nursing for Home Health and Home Care by Cypress at Home, the HealthPark Florida-based in-home care business in Southwest Florida. Blue previously served for 10 years as director of nursing in the Neuroscience Progressive Care Unit (PCU) at Gulf Coast Medical Center in Fort Myers. She brings to her new role multiple years of experience in clinical practice and hospital management. Blue will preside as director of nursing over both Home Health and Home Care by Cypress at Home. A graduate of both a Bachelor and Master of Science in Nursing degree at Nova Southeastern University, Blue has served also as an oncology clinical supervisor at Southwest Regional Medical Center/Gulf Coast Medical Center and as an adjunct professor with Nova Southwestern University in Fort Lauderdale.
HENDERSON FRANKLIN WELCOMES KEEFE
Attorney Colby Keefe has joined the real estate department at Henderson, Franklin, Starnes & Holt P.A. She also has experience in condominium and homeowners’ association law. Keefe provides counsel on a broad range of association issues including the interpretation and amending of governing documents, contracting with vendors, zoning ordinances, liability policies, collections, foreclosures, and compliance with applicable state and federal laws such as the Fair Housing Act. Keefe is also provides continuing education and board certification courses to condominium association managers. Keefe obtained her undergraduate degree at Flagler College and her Juris Doctorate at the University of Georgia School of Law. She is past president of the St. Johns Association for Women Lawyers, and in 2020, the Florida Association for Women Lawyers named her a “Leader in Law.”
The Forest Country Club golf tournament raises $16,550 for Hope
Members of The Forest Country Club raised $16,550 – bolstered by an anonymous matching gift of $5,000 – during a sold-out golf tournament to support Hope Hospice. Led by chairs Jane Reagan and Carol Miller, the committee coordinated the 84-player event on Jan. 28. Golf foursomes in the morning were followed by an afternoon luncheon and awards. Hope Healthcare is a not-for-profit health care organization dedicated to providing care and comfort to every individual and their loved ones as they fulfill life’s journey.
The Community Foundation awards $15,000 to the Immokalee Fair Housing Alliance
The Immokalee Fair Housing Alliance (IFHA) IFHA.info has been awarded a $15,000 grant from the Community Foundation of Collier County to assist with planning and fund development for the construction of their Immokalee affordable housing community. IFHA has purchased 10 acres of land on Lake Trafford Road in Immokalee and will build 128 safe, affordable rental units for farmworker families, replacing overpriced, overcrowded, and dilapidated trailers and shacks now serving as housing, according to IFHA. The project will include a neighborhood community center with rooms for pre- and after-school learning, adult education classes, and community meetings. After completion, the community is designed to be self-supporting.
Artis—Naples announces major gift to The Baker Museum permanent collection
Artis—Naples received a significant gift from Patty and Jay Baker and Jeanette Montgomery Evert and Herbert P. Evert to The Baker Museum permanent collection: Red Reeds, by Dale Chihuly, an outdoor installation in the Norris Garden that is part of the exhibition Dreaming Forms: Chihuly Then and Now, which closed on Feb. 28. The work, which consists of elongated red blown glass reed forms, will now become a part of The Baker Museum’s collection and will remain in the Norris Garden.
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