In The News
Central Florida Business Briefs - June 2005
DAYTONA BEACH -- Florida Hospital closed on a 120-acre site to replace its Ormond Beach hospital. The $18-million deal is part of a $225-million project that aims to replace Florida Hospital Ormond Memorial with a 245-bed facility about three miles southwest. Completion is anticipated in late 2007 or early 2008.
International Speedway Corp. (NYSE-ISC) plans to launch two new capital projects, one at Homestead-Miami Speedway and the other at Phoenix International Raceway. The new Turn One Tower at Homestead will include 16 luxury suites and 800 club seats and will involve removing 22 existing suites. In Phoenix, the Bobby Allison Grandstand will be expanded at turn one by 14,000 seats and 25 to 28 luxury suites. The Phoenix expansion will include the removal of 14,000 temporary wooden bleachers along the backstretch.
Oceans Resorts has purchased the 80-unit Atlantic Las Brisas Inn and the 114-room Best Western Mayan Inn, expanding the company's Daytona Beach portfolio to more than 1,800 rooms along the ocean.
DAYTONA BEACH SHORES -- Volusia Properties sold 62 of its 65 Sanibel Condominium oceanfront units in three days. The sales generated about $42 million, with the three remaining units priced at $900,000 to $1 million each. Construction on the 11-story building will begin this summer.
DELAND -- Developer Michael Arth announced plans for a mixed-use retail and residential complex near downtown that would include 27 retailers, 43 residential units and a sunken tropical garden on 2.5 acres. The project would also include 13 cottages on just under 1.4 acres.
LAKE MARY -- Developer Lake Mary Professional Campus expects most of the 10 office condos it's building -- one and two stories each totaling 126,000 square feet -- at Interstate 4 and Lake Mary Boulevard to be completed in September.
LONGWOOD -- Hancock Information Group, a subsidiary of Precision Response Corp. of Fort Lauderdale, plans to add 100 employees to support its business-to-business sales programs. Most of the new positions are for salespeople.
PALM COAST -- Custom home builder ABD Development Co. of Orlando has a contract to buy 230 acres off Royal Palm Parkway and Old King Road, where it intends to develop a 200-house project called Water Oaks. Construction of the model homes is expected to begin before the end of the year.
ORLANDO -- Gov. Jeb Bush reinstated Buddy Dyer as Orlando's mayor after a special prosecutor dropped election law violation charges against Dyer. Special Prosecutor Brad King concluded there was no "evil intent" by Dyer and co-defendants campaign manager Patti Sharp, absentee ballot coordinator Ezzie Thomas and Circuit Court Judge Alan Apte to violate the law.
Amscot Financial has launched plans to open 28 locations in metro Orlando over the next year. The Tampa-based company already operates seven Orlando locations, and the new offices will be located in Orange, Seminole and Osceola counties. Within the next three years, the company plans to open an additional 30 to 35 central Florida offices, including locations in Volusia and Brevard counties.
Ad agency Push Inc. is more than doubling its space, moving from its unique stainless-steel building to Cameron Kuhn's Cornerstone Building at 150 N. Orange Ave., where it will lease 17,000 square feet. The move will allow the company to expand from 40 employees to 75.
Southwest Airlines added daily non-stop flights between Orlando and Philadelphia, Raleigh-Durham, N.C., and Long Island, N.Y.
OSCEOLA COUNTY -- Walt Disney World laid off about 25 professional and management personnel in what it called "internal organizational changes" aimed at improving operations. The company said the changes are intended to increase efficiency and reduce the layers of management.