April 29, 2016

Central Florida Business Briefs - Dec. 2006

Diane Sears | 12/1/2006

ARK Daytona of St. Charles, Ill., plans to start construction early next year on a 50,000-sq.-ft. manufacturing plant for Toyota and Honda auto parts. The facility in Gateway Business Park South is expected to employ more than 35 skilled workers.
? At Daytona Beach Community College, Orlando-based FLA/Florida Architects has started construction on the Mori Hosseini Center, a $22-million, 60,000-sq.-ft. facility that will house the school's hospitality, tourism and culinary programs and its Southeast Museum of Photography. Completion is scheduled for fall 2007.

Harris Corp. (NYSEHRS) has been awarded several contracts recently to supply various models of its Falcon II radios to the military, including two agreements for $130 million and $46 million for the Army and a third for $1.9 million for the Navy.

Developers George Kalivretenos and Barry Greer have opened the 227-room Lexington at Orlando CityPlace hotel on Colonial Drive at Interstate 4 on the site of the former Holiday Inn.
? Baker Barrios Architects and Lincoln Property Co. have started construction on the 32-story Dynetech Centre at Washington Street and Magnolia Avenue, formerly the site of a two-story parking garage. Besides serving as a headquarters for technology company Dynetech and its 600 employees, the $60-million project includes 164 apartments, parking, and restaurant and retail space. Completion is scheduled for late 2007.
? Fort Lauderdale-based BankAtlantic, which opened a training center and a sales and customer service operation in central Florida earlier this year, plans to expand its presence in 2007. The bank will open three branches in Orlando and one in Kissimmee in January as part of a plan to create more than 20 central Florida locations and as many as 400 new jobs in the next several years.
? Bear Growth Capital Partners, an affiliate of Bear Stearns & Co., has acquired swimwear company Water Water Everywhere and will merge it with Orlando-based Everything But Water, which is already part of the Bear Growth portfolio. Terms of the acquisition were not announced.
? Masscal Scientific Instruments, which manufactures research laboratory equipment, has moved its headquarters to the University of Central Florida Technology Incubator at Central Florida Research Park. The company serves as the operating division of 6-year-old Masscal Corp. of Chatham, Mass., handling business, technical and manufacturing operations. Plans call for hiring at least six new chemists, engineers and manufacturing technicians.
? Orlando Airport Marriott plans to unveil a $12.5-million renovation next month.
? A University of Central Florida research team has taken a significant step toward manufacturing the next generation of computer chips. Led by X-ray optics professor Martin Richardson, the researchers are working with an extreme ultraviolet light source that shows promise in reproducing detailed circuitry images onto smaller chips.
? Perceptive Technologies, a client of the University of Central Florida Technology Incubator, has launched a web-based product that helps new home buyers work with designers. The company expects sales of to top $30 million.

Port Canaveral has landed its first regularly scheduled cargo service to the Caribbean. Monthly, Korean-based Eukor Car Carriers will export cars manufactured by Jaguar, BMW and others from Canaveral to the Dominican Republic, Jamaica, Guadeloupe and several other islands.

Tags: Central, Space Coast

Digital Access

Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

An overview of the features and articles in this month's issue of Florida Trend.


Florida Business News

Florida Trend Video Pick

Meet Florida SBDC Partner: Kristen Tackett, Vice President, FFCFC
Meet Florida SBDC Partner: Kristen Tackett, Vice President, FFCFC

Learn how the Florida SBDC Network has helped businesses start-up, create jobs, export goods and services, build or expand a business plan, grow capital, obtain government contracts, and create revenue for the State of Florida.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you think Gov. Scott and members of his cabinet will come to an agreement on the state insurance commissioner appointment today?

  • Yes
  • Maybe by Monday, May 2
  • No, and -- we should accept outgoing Insurance Commissioner Kevin McCarty's offer to stay on until they can find a replacement

See Results

Ballot Box