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Wednesday's Daily Pulse
What you need to know about Florida today
› Orlando commissioners sign off on $1 billion RoseArts plan
Orlando commissioners moved forward Monday evening with a proposed $1 billion reshaping of the shores of Lake Orlando in Rosemont, signing off on more than 5,600 new apartments and up to 350,000 square feet of retail and commercial space. A hearing on the controversial plan spanned more than four hours, with dozens of public comments from neighbors of the community, northwest of College Park. Commissioners approved it on a 5-2 vote, with Commissioner Robert Stuart, who represents the neighborhood, in opposition along with Tony Ortiz.
› Cybersecurity company ReliaQuest relocating HQ to Water Street Tampa
Tampa cybersecurity firm ReliaQuest is on the move. Soon, it’ll be Water Street Tampa’s biggest corporate tenant. The company, which has five offices in the United States and Europe, has signed a lease for 120,000 square feet in Thousand and One, the downtown Tampa development’s new office tower. That’s just across Garrison Channel from ReliaQuest’s home base on Harbour Island; the company also has an office in the Westshore district.
› Sarasota bank acquired in nearly $60 million deal
Seacoast Banking Corp. of Florida announced Monday, Aug. 23 that it has acquired Sarasota-based Sabal Palm Bancorp Inc., parent company of Sabal Palm Bank, in a deal valued at $53.9 million. With the acquisition, Sarasota-based Gulfside Bank, founded in 2018, is now the only locally-based community bank in the Sarasota-Bradenton market. Sabal Palm was founded in 2006 and while it survived the 2008 recession, by 2012 it was having some capital issues.
› Permits in review for North Jacksonville VA outpatient clinic
The city is reviewing building permit applications for the U.S. Department of Veterans Affairs outpatient clinic and domiciliary in North Jacksonville at a combined construction cost of $64.2 million. The city approved site clearing in December. Indiana-based Meyer Najem Construction LLC is the contractor. Alabama-based Sain Associates is the civil engineer.
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