March 28, 2024

Northwest Florida Roundup

Connections: FSU taps into a $79-million infrastructure plan

FSU is backing a big community infrastructure project.

Carlton Proctor | 12/28/2017

Business Briefs

DEFUNIAK SPRINGS — After standing vacant for two years, the century-old Hotel DeFuniak held a grand reopening in December. The refurbished hotel, which features the Tropicana Club restaurant, is owned by Damon Becnel, a Destin-based developer and hospitality manager.

GULF BREEZE — Michael Murdoch, CEO and co-founder of cybersecurity firm AppRiver, says Marlin Equity Partners, a California-based private investment firm, has acquired a majority interest in AppRiver. The deal allows AppRiver to expand its international network of cybersecurity services. AppRiver will remain headquartered in Gulf Breeze, Murdoch says. Atlanta-based hotel developer Banyan Investment Group has purchased 2.1 acres adjacent to the Sea Shell Collections shopping center for $1.3 million. The 87,125-sq.-ft. retail shopping center was bought by Publix last fall for $18.6 million.

PANAMA CITY — Construction of Port Panama City’s east terminal is underway. The warehouse project will add 206,000 square feet to the port’s dry storage inventory and is expected to be completed in early 2019.

PENSACOLA — Frontier Airlines will begin non-stop service from Pensacola International Airport to Denver International Airport in April and Chicago O’Hare International Airport in May.

Tampa-based residential developer Southport Financial Services has purchased two acres in west Pensacola for $800,000. Tentative plans call for multifamily residential development. The Florida Department of Law Enforcement plans to build a four-building operations center in downtown Pensacola. Jacksonville-based architecture firm Rolland, DelValle and Bradley has filed an application with the Pensacola Architectural Review Board seeking conceptual approval for the $29.3-million, 85,000-sq.-ft. project.

TALLAHASSEE — Amid an FBI investigation into alleged corruption in local government and a surge in violent crime, the Tallahassee Chamber of Commerce is conducting a study on consolidating Tallahassee and Leon County governments. The study is expected to be completed and released to the public by early February. In February, American Airlines is starting twice-daily flights from Tallahassee International Airport to Washington, D.C.

VALPARAISO — Coca-Cola Bottling Co. United has opened a $5-million bottling plant. The 24,000-sq.-ft. facility features a distribution center, warehouse, fleet maintenance center and administrative offices.

Innovation: Mouthwash from the Tap

Florida State University alums Nick Telford and Mike Bracciale are developing a concentrated liquid that can be mixed with tap water to make mouthwash. Telford, 25, and Bracciale, 22, received a $100,000 angel investment that has given their Fly Mouthwash startup the working capital to complete product development and take it to market early this year. The all-natural concentrate will be packaged in two-ounce containers that will create more than 30 single applications.

Heidi Otway, a vice president and partner with the public relations firm Salter- Mitchell, is the new chairman of the Tallahassee Chamber of Commerce.

 

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