ALICO ROAD: HIGHWAY TO GROWTH
gulfshorebusiness.com
THE COST OF AFFORDABILITY F L O R I D A’ S H O U S I N G
MARKET DECONSTRUCTED
[PLUS] HOW NEURAL NETWORKS SUPPLEMENT HUMAN RESOURCES
$4.95 DECEMBER 2023
The Matina Group When it comes to Legacy, we can help
1 in 4 heirs experienced conflict over the division of assets.* Now is the time to translate your success into your dreams for tomorrow. Let us help you focus on what’s most important to you now and in the future. Areas of focus – Financial planning strategies – Investment management – Trust and estate planning strategies – Multigenerational families – Business transition – Women and wealth
The Matina Group
Joseph Matina Managing Director– Wealth Management joseph.matina@ubs.com
No matter what comes your way, we reimagine solutions to turn your possibilities into a plan—for you, your family and generations to come. Connect with us.
Amy West, CTFA Senior Vice President– Wealth Management a.west@ubs.com
UBS Financial Services Inc. Private Wealth Management 801 Laurel Oak Drive Suite 500 Naples, FL 34108 239-249-5011 877-452-4344 toll free
Learn more at
advisors.ubs.com/matinagroup
*UBS Investor Watch, US 4Q2022. For designation disclosures, visit ubs.com/us/en/designation-disclosures. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that you understand the ways in which we conduct business, and that you carefully read the agreements and disclosures that we provide to you about the products or services we offer. For more information, please review the client relationship summary provided at ubs.com/relationshipsummary, or ask your UBS Financial Advisor for a copy. In providing financial planning services, we may act as a broker-dealer or investment adviser, depending on whether we charge a fee for the service. The nature and scope of the services are detailed in the documents and reports provided to clients as part of the service. Financial planning does not alter or modify in any way a client’s existing account(s) or the terms and conditions of any account agreements they may have with UBS. Trust services are provided by UBS Trust Company, N.A. or another licensed trust company. UBS Trust Company, N.A. is an affiliate of UBS Financial Services Inc. and a subsidiary of UBS AG. Trust investments are not deposits or other obligations of, or guaranteed by, UBS Trust Company, N.A. or UBS AG or any of their affiliates. Trust investments involve investment risks, including possible loss of the principal. Neither UBS Financial Services Inc. nor its employees (including its Financial Advisors) provide tax or legal advice. You should consult with your legal counsel and/or your accountant or tax professional regarding the legal or tax implications of a particular suggestion, strategy or investment, including any estate planning strategies, before you invest or implement. Private Wealth Management is a division within UBS Financial Services Inc. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA. Member SIPC. © UBS 2023. The key symbol and UBS are among the registered and unregistered trademarks of UBS. UBS Financial Advisors are Registered Representatives of UBS Financial Services Inc. CJ-UBS-348188860 IS2302896 Exp.: 07/31/2024
ZACH BACK! IS
MORNINGS
Zach Maloch Meteorologist
CONTENTS / FEATURES
DECEMBER 2023
32
The Cost of Affordability Inside the numbers on Florida’s dire housing
`
situation
On the cover Photo by Getty
46
Highway to Growth The changing face of Alico Road
CONTENTS / FEATURES DECEMBER 2023
in the 239 12
News Bites
From Southwest Florida
22
26 22
Makers
30
Mokie Burns and the art of retail pyrography
16
26
Florida’s new home construction continues to surge
Steve Martin opened Bike Bistro on the heels of a midlife burnout, to astronomical success
Entrepreneurship
Trendlines
18
Spaces
Unused store space became Mercato’s Hand & Harvest market 6
16
G U L F S H O R E B U S I N E S S
30
Economic Commentary
Is Amazon operating as an unfair monopoly?
NEWS 84
Human Resources
How artificial intelligence is changing Human Resources
88
Energy
FPL joins the effort to build EV charging infrastructure in SWFL
102
92
Finance
Battling high prices, gratuity guilt as tipping expectations escalate
96
Commercial Real Estate
Top sales in Charlotte, Collier and Lee counties
AFTER HOURS
108
102
Horsepower
98
Cadillac’s SUV combines prestige, power and price
New & Expanding
Top leases in Charlotte, Collier and Lee counties
105
Wellness
Understanding is key to managing neurological imbalances
105
108
Guest List
Gulfshore Business’ 40 Under 40
112
Backstory
92
Necessity was the mother of this fun SWFL invention
DECEMBER 2023
7
READER SERVICES EDITOR IN CHIEF
Heidi Rambo Centrella Digital Editor Adam Regan Associate Editor Kaitlin Regan Senior Editors Tim Aten, David Dorsey, Nancy Semon Assistant Editors Katiuska Carrillo, Samantha Roesler Copy Editor Steve Gill
CONTRIBUTORS John Guerra, Ar tis Henderson, Melanie Pagan, Justin Paprocki, James Raia, Aisling Swif t , Bill Wasinger, Sheldon Zoldan
Office Address 26101 S. Tamiami Trail, Bonita Springs, FL 34134 Call or text 239.498.8500 gulfshorebusiness.com info@gulfshorebusiness.com Subscriptions Florida residents can subscribe for free online at gulfshorebusiness.com, out-of-state residents can subscribe for $12 a year, call or text 239.498.8500 for more information. Change of address Send old and new addresses and a mailing label, if possible, to Gulfshore Life, 26101 S. Tamiami Trail, Bonita Springs, FL 34134. Visit gulfshorebusiness.com/subscribe to login and update your address, call or text 239.498.8500 or email subscriptions@gulfshorebusiness.com.
ART Creative Directors Scott Glick, Jerry Pomales Photo Editor Mary Rich ADVERTISING Associate Publisher Chris Renstrom MARKETING Director of Marketing and Events Rachel Galante Digital Media Marketing Manager Brittney Kleis CIRCULATION Director of Audience Development Kerri Nolan PRODUCTION Production Manager Martha Leavitt ADMINISTRATION Advertising Services Manager, Subscriptions & Distribution Kathleen Hill
Back issues A limited number of back issues are available for $4.95 each plus tax and postage. Visit gulfshorebusiness.com/backissues. Reprints Visit gulfshorebusiness.com/reprints for plaques and reprints. Contact Us Please send all correspondence to: Gulfshore Business 26101 S. Tamiami Trail, Bonita Springs, FL 34134 Call or text 239.498.8500 WEBSITE gulfshorebusiness.com
Volume 28/Number 12, December 2023, Gulfshore Business (ISSN 1935-8199), is published 12 times a year by Gulfshore Life Media, 26101 Tamiami Trail, Bonita Springs, FL 34134. Florida residents can subscribe for free online at gulfshorebusiness.com, out-of-state residents can subscribe for $12 a year. For customer service inquiries or to change your address by providing both the old and new addresses, contact: Gulfshore Business, 26101 Tamiami Trail, Bonita Springs, FL 34134. Telephone (239) 498-8501 or email subscriptions@gulfshorebusiness.com. Periodicals postage paid at Naples, FL, and at additional mailing offices. Copyright 2023 by Gulfshore Life Media. No part of this publication may be reproduced without written permission from the publisher. Unsolicited manuscripts without return postage will not be returned. DISCLAIMER: Advertisements in the publication do not constitute an offer for sale in states where prohibited or restricted by law. POSTMASTER: Send address changes to Gulfshore Business, 26101 Tamiami Trail, Bonita Springs, FL 34134.
8
G U L F S H O R E B U S I N E S S
DECEMBER 2023
FROM THE EDITOR
SOMETIMES MORE IS LESS You might have noticed this already, especially if you’ve tried to run a quick errand or get a table at your favorite brunch place here in the heart of tourist season, but Southwest Florida is seriously growing. It turns out that when your population increases by around 220,000 residents—and counting—in a 10-year span, the effects tend to be noticeable. Just look at Alico Road. The entire area has changed dramatically, and while longtime local residents can remember when it was a two-lane strip of gravel that led to a quarry and passed nothing in particular, within a few years the county’s Economic Development Office estimates that one in three jobs in Lee County will be in the bustling Alico corridor. In “Highway to Growth” on p. 46, Sheldon Zoldan talks with developers about how the area became such a hot spot for expansion, and what the future holds—besides traffic—for one of the busiest areas for business in Southwest Florida. Growth is good, right? Well, economic booms are certainly enjoyable for
those positioned to benefit, but as our region is discovering, sometimes more is less. As in, more new residents with higher household budgets mean less available housing for those of more modest means who already live here. Or, increasingly, lived, since lower-income Floridians priced out of housing—or unable to find replacements for their dwellings destroyed by Hurricane Ian— have been forced to look elsewhere. David Dorsey looks at the issue in “The Cost of Affordability” on p. 32, including a breakdown of the difference between “affordable housing” as officially defined and “workforce housing,” how state and federal funding is working to help increase supply, and why the solution isn’t as simple as “just build more
houses.” It’s a problem that affects the entire community, and it’s likely to be a topic of prime importance to SWFL for years to come. In the meantime, we find ourselves in the season of giving, hopefully filled with a spirit of benevolence and generosity … which can be sorely tested when we’re confronted with a “suggested tip” screen prompting us to add 18% or more to what feels like every purchase, even those when no real service was provided. Melanie Pagan discusses the rise of the phenomenon and navigating gratuity guilt with economists, business owners and protocol experts in “The Tipping Point” on p. 92. As we wind down the year and look forward with optimism to 2024, I’d like to thank all of you for reading, and wish our very best to the growing Southwest Florida community. Big things are ahead for us all. HEIDI RAMBO CENTRELLA EDITOR IN CHIEF
DECEMBER 2023
9
Seasoned journalists dedicated to bringing you local news where you live, work, and play.
For Locals. By Locals.
Katiuska Carrillo
Tim Aten
David Dorsey
Penny Fisher
Harriet Heithaus
Subscribe today. NaplesPress.com
Heidi Rambo Centrella
Samantha Roesler
IN THE 239
NEWS BITES / TRENDLINES / MAKERS
SPACES / ENTREPRENEURSHIP / ECONOMIC COMMENTARY
MAKERS
Christina Bankson
The Personal Touch Mokie Burns and the art of retail pyrography p_22 By Justin Paprocki
NewsBites IN THE 239
CHARLOTTE COUNTY
POPULATION GROWTH
COLLIER COUNTY / LEE COUNTY / CHARLOTTE COUNTY
The Punta Gorda Metropolitan Statistical Area, which encompasses all of Charlotte County, is ranked the fifth-largest area for population growth, according to data from the U.S. Census Bureau. Charlotte County showed a 4% increase from July 1, 2021, to July 1, 2022, going from a population of 194,934 to 202,661. Cape Coral also experienced a 4% increase in population, growing to 822,453 and ranking just ahead of the Punta Gorda Metropolitan Statistical Area at No. 4. Florida grabbed seven of the top 10 spots: No. 1 The Villages with a 7.5% increase No. 3 Lakeland with a 4.3% increase No. 6 North Port/SarasotaBradenton with a 3.4% increase
No. 9 Panama City with a 3.1% increase
12
COMING NEXT MONTH
Construction and development have been booming in Southwest Florida, and while that growth can be a good thing, it is also important to preserve our rural, natural and undeveloped lands. Read more in next month’s Gulfshore Business about how conservation easements are helping protect these lands.
G U L F S H O R E B U S I N E S S
Provided
No. 8 Port St. Lucie with a 3.2% increase
ENTREPRENEURIAL ADVICE
The secret ingredient to being successful isn’t just one thing, said Todd Wilkowski of Performance Optimal Health. It’s a variety of elements—a strategy aligned with the business’ operations, the nuts and bolts of finance and accounting, a team committed to the company’s mission and arguably the most essential element: communication.
LEE COUNTY
FORT MYERS BEACH REAL ESTATE The largest available piece of Fort Myers Beach real estate sold for $52 million, almost one year after it was devastated by Hurricane Ian. Red Coconut RV Park, which had operated under continuous ownership at 3001 Estero Blvd. from February 1984 to Sept. 28, 2022, changed hands. South Fort Myers-based Seagate Development Group acquired the almost 10-acre, beachfront property that had belonged to the Myers family. In 1984, the late Thomas Myers and the late Bob Scott bought the land for $700,000, after leasing it for a couple of years. In almost 39 years, the value grew by 7,328%.
BY THE Working families lose Employers lose $23 billion NUMBERS $78 billion
Due to unavailable, unreliable and unaffordable child care, each year:
Taxpayers lose
$21 billion
Florida accounts for
$6.6
billion of the combined total With the high cost of living, Naples/Collier County working families and employers are affected more dramatically. Source: Child’s Path
DECEMBER 2023
13
NewsBites IN THE 239
COLLIER COUNTY / LEE COUNTY / CHARLOTTE COUNTY
COLLIER COUNTY
NEW NAPLES POLICE CHIEF
COLLIER COUNTY
HOFFMANN SALE
Provided
Hoffmann Commercial Real Estate sold its significant downtown portfolio of properties in October to M Development, a high-end developer based in Aspen, Colorado. The massive sale of 27 properties includes 12 buildings on Fifth Avenue South, nine on Third Street South and six off U.S. 41 in Naples. The local portfolio sold for more than $185 million. It is expected that the Hoffmanns will use the capital from the sale to expand the company’s business ventures.
Naples native Ciro Dominguez started as the city’s chief of police in October, as the Naples Police Department faced issues with recruitment due to housing costs. Dominguez plans to recruit certified officers with salary premiums, signing bonuses and a starting salary of $62,000. Dominguez began his career at the Naples Police Department in 1982. He worked his way from officer to sergeant before leaving in 1992 to take a leadership position with the Florida Department of Law Enforcement. After 11 years with FDLE, he worked for the Hillsborough County Aviation Authority as deputy chief of police, then went to the Hillsborough County Sheriff’s Office, where he retired as colonel. He is a graduate of the FBI National Academy, the Florida Criminal Justice Executive Institute and FDLE’s Foundational Leadership Program.
14
G U L F S H O R E B U S I N E S S
Presented By
Benefiting David Lawrence Centers ®
T h u R s d ay , March 21
Featuring B ro o ke Shi el ds
2024
Treat yourself to an unforgettable experience while raising critical funds The RiTz-CaRlTon naples, TibuRón used to address Collier 2600 Tiburon Drive | Naples, FL 34109 County’s mental health crisis.
5 p.m. at
Education Partner:
Chairs: Dr. Amy and John Quinn Media Sponsor:
For tickets and sponsorship information:
Visit DLCSoundMinds.org Or COntaCt ViCtOria GrimaldO: ViCtOriaG@dlCenters.OrG; 239-354-1445
David Lawrence Mental Health Center, Inc. is a nonprofit organization, Registration# CH2888, Tax ID# 59-2206025. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.
DAVID LAWRENCE CENTERS FOR BEHAVIORAL HEALTH 6075 BATHEY LANE | NAPLES, FL 34116
Trendlines IN THE 239
BUILDING BOOM Florida’s new home construction continues to surge
As residents continue to move into Florida, the construction industry is trying to keep up. About 212,000 new single-family housing units were authorized in Florida in 2022, the second most behind Texas, according to an analysis of U.S. Census data by Construction Coverage. The rate of new construction authorizations in the Sunshine State per 1,000 existing homes (21.1) is nearly double the national rate (11.7). At a rate of 50 new houses per 1,000 existing, Punta Gorda had the second highest rate in the country behind The Villages. Although new construction has cooled since its peak in 2021, it was still up about 13% nationwide and nearly 30% in Florida last year compared to 2020. 16
Getty
By Justin Paprocki
G U L F S H O R E B U S I N E S S
Cape Coral-Fort Myers Naples-Marco Island Punta Gorda Florida United States
NEW HOUSING UNITS AUTHORIZED PER 1K EXISTING HOMES (2022)
31.8 23.6 50 21.1 11.7
NEW HOUSING UNITS AUTHORIZED PER 1K EXISTING HOMES (2020)
26.1 20.1 27.4 17 10.5
TOTAL NEW HOUSING UNITS AUTHORIZED (2022)
13,621 5,517 5,676 211,962 1,665,088
TOTAL NEW HOUSING UNITS AUTHORIZED (2020)
10,673 4,473 2,933 164,074 1,471,141
PERCENTAGE CHANGE IN HOUSING UNITS AUTHORIZED (2020–2022)
27.6 23.3 93.5 29.2 13.2
Spaces IN THE 239
REBUILT FOR BROWSING Unused store space became Mercato’s Hand & Harvest market By Aisling Swift
18
Hand & Harvest was originally created as an outdoor market in October 2020 to provide local artisans with a COVID-19-friendly place to sell goods. But the cool, spacious indoor market has attracted entrepreneurs and established small businesses—and lured new customers to Mercato. “Our goal was to have 90% of the items handmade, with an emphasis on products rather than food,” Mercato Senior Marketing Manager Valerie Cope says, adding that the market has three food vendors: Chef Daniela Craciun, Chef Sebastian Mazzotta and CDL (Casa del Loro) Empanadas. “… We kept the palette very neutral so as not to compete with the vendor booths. The only pop of color inside is the branded backlit.” That branded “Hand & Harvest” sign is located be-
hind what was once the cash register area. It took two months to get the space ready, including dismantling heavy freestanding displays, curating a vendor lineup and each space’s footprint, painting, adding an interactive chalkboard wall with a neon “Treat Yourself” sign and installing an inviting magnetic wall with letters for kids to play. “We understood that each of our vendors would have a unique aesthetic for their space, so we intentionally chose to revamp the suite into a very open, bright, elegant and minimalist canvas for their creativity,” Cope says, referring to the use of a neutral white Sherwin-Williams paint.
G U L F S H O R E B U S I N E S S
Craig Hilderbrant
Economic factors and the pandemic have led to many malls and shopping centers losing tenants, but many have devised creative ways to repurpose those vacant spaces. When Charming Charlie filed for bankruptcy a second time in 2019, it closed its remaining 261 stores in 38 states—including its 9,484-square-foot store at North Naples’ Mercato, leaving the popular jewelry, clothing and accessories store’s space vacant for years. But Mercato has since transformed the space into an air-conditioned artisan market, Hand & Harvest, where 25-30 entrepreneurs sell products on Saturdays twice monthly.
Hand & Harvest boasts a vibrant blend of businesses and a welcoming atmosphere, including vendors Jessica Lee from Statement Peace and Lu Guzel from Guzel International Designs.
DECEMBER 2023
19
Spaces Mercato repurposed Charming Charlie shelving, as well as rustic furniture and white bistro seating that was in storage after being left by other stores. “I knew one day we would find a use for them, and am so happy we were able to give them a second life,” Cope says. To add a luxurious touch, it purchased Possini Euro Design White Flower pendant chandeliers from Lamps Plus. Vendors pay $35 for a space during the summer and $50 during season. Cope said the intent wasn’t to make a profit—Mercato loses money on the space—but the market’s existence brings new customers to Mercato, so it works with vendors in providing a space to best suit their needs, and many leave their setup there. “We intentionally positioned En Root so plants and succulents were one of the first items you saw as you entered the market,” Cope explains. “Some vendors, such as a children’s book author, might only need a very small space while others, like Guzel International Design, who has gorgeous textiles and clothing from Turkey, eventually migrated to a very large corner and created a mini boutique.” Some artists ask for flat walls to hang their work. “Terracotta Grey, who sells African shields and sculptures adorned with glass beads and cowrie shells, is making great use of shelving that was left over from the Charming Charlie days,” Cope says. “One of my favorite setups is by Statement Peace; Jess created an incredibly warm and welcoming boho vibe to complement her wooden jewelry, hats and crystals.” 20
Vendors pay $35 for a space during the summer and $50 during season at Hand & Harvest, where 25-30 entrepreneurs sell products on Saturdays twice monthly.
G U L F S H O R E B U S I N E S S
Craig Hilderbrant
I N T HE 2 3 9
Jessica “Jessy” Lee founded Statement Peace in 2018 and grew her online sustainable laser-cut jewelry, accessory and clothing store worldwide during the pandemic. To customize her space, she added rugs, an armchair, macrame hanging shelves and shelving to create an ambiance that says peace and home. The neutral, earthy tones complement the warmth of her wooden jewelry. “With its vibrant mix of businesses and welcoming atmosphere, the market proved to be more than just a location; it was an opportunity to connect with the community and local brands like Statement Peace,” Lee says. “It’s not just about jewelry. It’s about a shared philosophy. People visiting Statement Peace can expect to resonate with the good vibes that the brand exudes—vibes of sustainability, connection and community.” Hand & Harvest also features live music, the Bubbles prosecco bar and a painting bar, both of which benefit the nonprofit Empty Bowls and draw people who gather to chat and paint bowls to raise money to feed the hungry. It periodically hosts themed markets, including Christmas in July and holiday markets in November and December. Hand & Harvest is held from noon to 4 p.m. on the second and fourth Saturdays of each month at 9110 Strada Place, Suite 3135, across from Tommy Bahama. DECEMBER 2023
21
Makers IN THE 239
THE PERSONAL TOUCH Mokie Burns and the art of retail pyrography
Samantha Emerson grew up on the beaches of Jacksonville, swimming or dropping a line into the Atlantic. “I have always had a natural love of ocean life,” she says. She’s spent a lot of her adult life on the water, but it wasn’t until recently that she figured out how to make that passion into a profession. Emerson, who goes by Mokie, started Mokie Burns about five years ago. She creates woodburned artwork: detailed depictions of snook, tarpon and other Florida sea life that she sells as art pieces or items with practical uses, such as wood-burned bottle openers. She also transposes her images onto T-shirts, hats and other apparel and accessories. Her first career was in fashion design, eventually landing in Fort Myers with the Chico’s corporation. She said she got a good sense of how the fashion industry works, but the job itself wasn’t fulfilling. “It wasn’t giving me the creative 22
G U L F S H O R E B U S I N E S S
Christina Bankson
By Justin Paprocki
Samantha Emerson, who goes by Mokie, started Mokie Burns about five years ago. She previously had a career in corporate fashion design, but found the work she was doing unfulfilling.
DECEMBER 2023
23
IN T HE 2 3 9
Looking for a creative outlet, Samantha Emerson picked up wood working as a hobby, which lead her to an art form called pyrography: the art or process of producing designs or pictures on wood or leather by burning or scorching with hot instruments.
24
G U L F S H O R E B U S I N E S S
Christina Bankson
Makers
outlet that I thought it would,” she says. As a hobby, she picked up on wood working, which led her to an artform called pyrography: Think of it like painting, but using a soldering iron as a brush and wood as a canvas. She kept getting good feedback on her work, and in April 2018, she left the corporate world and ventured out on her own. Emerson started selling at boat shows and crafter events, and built good enough word of mouth that orders started rolling in. She recently opened a studio near Hammond Stadium in Fort Myers featuring what she calls a “hat bar” at which visitors pick a hat style and custom patch design for a totally unique product. She feels the future of her business—and retail in general—will be things like the hat bar: a way to interact with customers in a more personal way rather than just trying to get them to buy something off the rack. “I’m trying to create a new type of experience,” Emerson says. “If [the studio] is going to work, it has to be something unique, something personal.” DECEMBER 2023
25
Entrepreneurship IN THE 239
Steve Martin opened Bike Bistro on the heels of a midlife burnout, to astronomical success By Artis Henderson
When Steve Martin turned 50, he knew things needed to change. He’d spent 30 years climbing the corporate ladder and reaching the executive suites of a prestigious marketing company. But he was burned out and wanted a new passion project. So, he gave himself 1,000 days to figure it out. “I didn’t want to do something rash,” Martin says. “A thousand days is about three years— that felt like a good term.” He kept his day job in the meantime, quietly trying different approaches to rediscover his passion. He considered going back to school; he thought about partnering in a business. But nothing stuck. “I didn’t
26
feel passionate about anything,” Martin says. “I was so burned out.” And then one day he heard a piece of advice: Go find what you were passionate about when you were 16 years old. That’s when everything crystallized for him. Martin had worked on bikes all summer long when he was a teenager and loved it. Almost 1,000 days to the day after Martin decided to make the leap out of his corporate job into entrepreneurship, he opened Bike Bistro in Fort Myers. The first 90 days were “kind of scary,” he says. He was under a lot of pressure to make it work, and “some days nothing would happen.” But then slowly, over time and through word of mouth, the
shop’s reputation spread. And then it took off. “From that point on, we had amazing growth,” Martin says. The shop doubled its gross revenue every year. It tripled its space. It became the go-to shop for bicycle enthusiasts in Southwest Florida. Along the way, Martin learned some important lessons about entrepreneurship.
Plan on five years, not three. The common wisdom is that a new business needs three years to get off the ground. “But it’s more like five or six years in today’s economy,” Martin says— that’s how long it took Bike Bistro to gain traction. The shop needed time to establish itself in the community, build up a business through word of mouth and eventually start doubling its revenue.
G U L F S H O R E B U S I N E S S
Erik Kellar
TEENAGE DREAMS
After 30 years of climbing the corporate ladder, Steve Martin decided to give himself 1,000 days to figure out his new passion. Almost to the exact day of his deadline, he opened Bike Bistro in Fort Myers.
DECEMBER 2023
27
IN THE 239
The idea for Bike Bistro came from Steve Martin’s 16-year-old self. As a teenager he would work on bikes all summer long and he loved it, so he decided to lean into his passion and take the leap into entrepreneurship.
28
G U L F S H O R E B U S I N E S S
Erik Kellar
Entrepreneurship
Look at employees as an investment. Martin spent his first two and a half years as an entrepreneur doing everything. He worked in his shop seven days a week, running himself ragged. Finally, a good friend and mentor told him, “You’ve got to hire someone.” When Martin balked, his mentor said, “Don’t look at it as an expense. Look at it as an investment.” That’s how Martin came to hire his first employee, a detail-oriented bookkeeper. “He liked doing the things I don’t like to do,” Martin says. It was the first of many good hires for the shop.
Keep pushing. “You’ve got to work hard,” Martin says. “You might not feel like going in one day, especially if you’ve been there every day for the last 10 months. But you’ve got to keep pushing.” DECEMBER 2023
29
Economic Commentary IN THE 239
Competition, courts and the online mega-retailer By Christopher Westley
I remember my first Amazon purchase in the 1990s, a time of Clinton-Lewinsky, O.J. Simpson, Brett Favre and grunge music. I was in college, and with my Prodigy internet connection and dial-up modem, I bought a book … with trepidation. Making that first online purchase required a level of trust that wasn’t needed at Barnes & Noble or Borders, and reflected an obstacle Amazon had to overcome for its business model to work. Investors thought it could, as witnessed by their toleration of many quarters of reported losses while the company expanded beyond books to hardware—and eventually to pretty much anything that could be monetized and delivered, either digitally or in a box.
30
I admired Amazon’s smart young owner, Jeff Bezos, a Seattle entrepreneur with Florida connections who championed e-commerce when MS Word 2.0 still flagged it as a misspelling. The benefits he created and exploited cannot be overstated. Consumers were no longer limited by their local markets or ’90sera supply chains. Online shopping opened a world market that expanded competition and selection. With the increased supply of goods and services now possible, savers saw
prices fall and purchasing power increase—a market-induced inflation hedge that Federal Reserve Chair Alan Greenspan would ruin in the next decade. Since (as Adam Smith noted) the division of labor is only limited by the extent of the market, new job categories were created with the advent of the internet. Full and fruitful careers were made possible in digital media and marketing, software engineering, app development, user experience and cloud services, among many others, casting Amazon and the e-commerce sector as monumental poverty-fighting machines. New avenues for profitable entrepreneurship ensued to the extent that startups are no longer phenomena associated with car engines. Surely, the value Bezos created in this regard, measured in gross domestic product, vastly exceeds his net worth.
G U L F S H O R E B U S I N E S S
Florida Gulf Coast University; Getty
IS AMAZON A MONOPOLIST?
Today, Amazon is, well, Amazon. Bezos no longer runs the company but remains its largest shareholder. Most buyers have gotten over whatever trust issues they had with online shopping, which is now quotidian. But I don’t use Amazon as much as I used to; my sense is many retailers now match its product selection, making comparison pricing time well spent. Its prices for some goods can be quite high. The Federal Trade Commission and 17 state attorneys general agree. Following a
four-year investigation, they filed what some are calling a landmark monopoly case against Amazon, claiming it “exploits its monopolies in ways that enrich Amazon but harm its customers: both the tens of millions of American households who regularly shop on Amazon’s online superstore and the hundreds of thousands of businesses who rely on Amazon to reach them.” They accuse Amazon of an “ongoing pattern of illegal conduct [that] blocks competition, allowing it to wield
Online shopping opened a world market that expanded competition and selection. But did it go too far? After a four-year investigation, a landmark monopoly case was filed against Amazon, claiming that it “exploits its monopolies in ways that enrich Amazon but harm its customers.”
monopoly power to inflate prices, degrade quality and stifle innovation for consumers and businesses.” It’s serious stuff. But Amazon can afford serious lawyers. The outcome is far from determined. The case reminds me of points raised by the great antitrust scholar Dominick Armentano, who argued that in the market, monopoly firms cannot exist in the long run because they attract competitors who undercut monopoly pricing. Monopolies that do exist in the long run benefit from extra-market intervention, which is often (but not limited to) government restrictions on entry. The old Ma Bell, or AT&T, was the prime example of a long-run monopoly in Armentano’s time, which persisted for decades due to entry restrictions by state governments. Does Amazon benefit from similar restrictions? Look for its lawyers to argue in the negative. But before then, I encourage reading Armentano’s very readable book, Antitrust and Monopoly. It can be purchased on Amazon … or one of its many competitors. Christopher Westley is the dean of Florida Gulf Coast University’s Lutgert College of Business.
DECEMBER 2023
31
THE COST OF AFFORDABILITY Inside the numbers on Florida’s dire housing situation
Getty
By David Dorsey
32
G U L F S H O R E B U S I N E S S
DECEMBER 2023
33
THE COST OF AFFORDABILITY
34
per year or less, respectively, in each of those counties. Rossi’s company, Renaissance Development, doesn’t even build affordable housing projects. Instead, he specializes in “workforce housing,” which often gets confused with affordable housing, because workforce housing is “more affordable” than market-rate and luxury apartments. A little confusion is understandable. “Workforce housing is for people making between 100% and 120% of AMI,” Rossi says, which in the three-county area will be about $80,000 per household. These are teachers and firefighters, police officers and the like. “We will be 15% to 20% less monthly rent than anybody else in the U.S. 41 corridor.” Rossi’s talking about his planned apartment project called Bloom, which has yet to figuratively bloom—or literally, break ground— due to delays. Renaissance Development bought the 5.7-acre site at 2010 Hanson St. in midtown Fort Myers in January 2022 for $2 million. It had been an abandoned Araba Shriner’s Hall that was razed earlier this year. The plan remains to build 336 workforce housing units at the site. The delays, Rossi said, have resulted from inflation, rising interest rates and a rise in AMI in Lee County. MAKING THE NUMBERS WORK On July 1, Gov. Ron DeSantis signed the Live Local Act, also known as Senate Bill 102. The laws, introduced by Alexis Calatayud, a Republican
G U L F S H O R E B U S I N E S S
Tom Rossi Principal of Renaissance Development
According to the federal government, affordable housing tenants must not put more than 30% of their income toward housing, and must be making below 60% of the area median income. Redburn Development Partners
Tom Rossi arrives at Seed & Bean, a downtown Fort Myers cafe, and walks inside not-quite soaked after a late summer downpour. He is here to talk about affordable housing—and the lack thereof across Southwest Florida—but before he can do that, he must define it. Affordable housing, the term, has become a great misconception, Rossi explained, because people paying $2,000 a month to rent a two-bedroom, market-rate apartment would like to pay less. They would like to have more affordable housing. But paying $2,100 instead of $2,600 per month isn’t what “affordable housing” means, at least not to the federal government and the entities that subsidize these projects. It’s not even close. “Affordable housing is for people making below 60% of the area median income (AMI),” Rossi says. For true affordable housing projects to work, the tenants must not be paying more than 30% of their income toward housing, either. The AMI for Collier, Lee and Charlotte counties’ households in 2022 was about $80,815, $71,072 and $64,860, respectively, according to U.S. Census Bureau statistics. With market-rate rents hovering above $2,273 a month for a two-bedroom apartment in Lee County, for example, that means the average household there is paying about 38% of its income toward rent instead of the recommended 30%. To qualify for federally subsidized, affordable housing programs, a household must be making an average of $48,489, $42,653 or $38,916
senator from Miami, provided state incentives to developers to try to get them to build more workforce housing units. Effective through Oct. 1, 2033, taxpayers can contribute money to Florida Housing in exchange for dollar-for-dollar credits toward their corporate income tax liability and/ or insurance premium tax liability, the law states. Taxpayers who wish to participate can apply for an allocation of tax
credits. They cannot claim the credits until receiving a certificate of contribution from Florida Housing. The program has a $100 million cap in tax credit allocation. These incentives should help spur development of workforce housing, Rossi said. “The idea was to increase the housing supply,” he says. “The only way rents are going to go down is with supply and demand. It’s helped encourage more units to be built.”
THE SPECIALIST Michael Allan founded ReVital Development in 2020, positioning it to build a mix of affordable and workforce housing complexes. His company’s first project, Civitas, will be the first affordable apartment complex built in Cape Coral in 25 years, and the first-ever workforce apartment complex in Florida’s second-largest city in terms of land mass after Jacksonville. “The City Walk deal, that was the last market-rate project I did,”
DECEMBER 2023
35
THE COST OF AFFORDABILITY
36
ReVital Development Group’s first housing project, Civitas, will offer 96 units, including both affordable housing and workforce housing options in Cape Coral. It will be the city’s first affordable apartment complex built in 25 years, and its first-ever workforce apartment complex.
Erik Kellar; ReVital Development Group
says Allan, who had partnered with Joe Bonora on that apartment complex near downtown Fort Myers before starting ReVital. “Anything new has been a focus on affordable or workforce.” Civitas will have 96 units off Pine Island Road. “With Civitas, it’s an affordable and a workforce community,” he says. “One-, two- and three-bedroom units.” Of the 96 units, 23 of them will be set aside for households making 30% of AMI. There will be 45 units set aside for households making up to 60% of AMI. And there will be 28 workforce units for households making up to 80% of AMI. Some of the challenges in developing these projects are neighboring property owners who don’t want them nearby, Allan said. “Oftentimes, people are saying they don’t want a brick building like one that’s in the Bronx,” he says. “That’s the stigma that’s there. In Cape Coral, there’s a market-rate property going right next door. Aesthetically, our goal is to not be able to tell the difference between low income and market rate. “It’s all concrete block. We have hurricane-impact windows. We have energy-efficient appliances. We do have some granite countertops, but not all of them do; some of them have Formica.” Affordable and workforce projects have been fewer and farther between, Allan said, because of financing. Allan’s company bought the land for $1.37 million in May 2022, then sold it to the Lee County Housing Authority in January 2023 for $1.4 million with the agreement to continue developing the project. “Your net operating income, that’s really what drives the size of your debt, meaning your mortgage,” Allan says. “For a market-rate project, you can get a much bigger loan, and you can put less
G U L F S H O R E B U S I N E S S
Michael Allan Founder of ReVital Development Group
equity into the project. You can provide your investors enough of a return. “With affordable housing, you’re reducing your rents to focus on these low-income demographics. Your mortgage you’re able to attain on that property is substantially lower. On affordable deals, because your rents are substantially lower, the debt you’re able to achieve is substantially lower. The amount of equity you’re going to have to provide is higher. The way we fill that gap is by funding subsidies.” Those funding subsidies just got more palatable to large companies because of the dollar-for-dollar tax credits in the Live Local Act, Allan said. “An example, for comparison purposes,” he says: “on Civitas, our permanent mortgage is going to be about 16.5% of the total cost. The biggest subsidy nationally is low-income housing tax credits. And that’s a complex business. In Cape Coral, for example, the tax credit is about $14.5 million. It’s a tax credit the federal government provides. That goes directly into the project. “Raymond James is our tax credit syndicator. They put that into the deal as equity. Truist Bank and Fifth Third Bank are two investors. They invest in distressed areas. They do it to meet that need. “Then you have somebody like a large corporation, like Publix or CVS. They want to offset their tax liability. They’ll invest into Raymond James, and then Raymond James puts it into a project like ours. That’s why it’s really complicated.” Developers who can navigate those complexities can reap some financial rewards. They just can’t make as much as they can when building the luxury and market-rate apartments that are dominating in Southwest Florida, Allan said. DECEMBER 2023
37
THE COST OF AFFORDABILITY
There are thousands of people hoping for government assistance in getting housing in Collier, Charlotte and Lee counties. With the construction of market-rate and luxury apartment units continuing to rise across the region, affordable housing for people with household incomes at or lower than $43,350 per year, which is about 60% of the Southwest Florida area’s median income, has become more difficult to find. And it has put a strain on the area’s three biggest public housing authorities. “It’s a big problem out here,” says Oscar Hentschel, executive director of Collier County Housing Authority. “People have to be aware. A lot of people are sleeping in their cars. And we try to help them.” Hentschel said there’s a waiting list of at least 80 families hoping to move into one of the existing 591 units. Most of those units are located in Horizon Village in Immokalee. There are 315 units set aside for agricultural workers and 276 units for low-income earners, he said. In the city of Naples, there are eight units, which is less than 2% of the total. “We’re just starting to acquire rental units that we can rent with housing assistance,” Hentschel says. “Three to four per year as we can get funding.”
38
There are no plans to add any more units via new construction, he said. “We have to talk to the county to see when the funding would become available,” Hentschel says. As executive director of Punta Gorda Housing Authority, Kurt Pentelecuc oversees 321 affordable housing units. Of those, 184 receive public funding. The organization answers to the Punta Gorda City Council but covers all of Charlotte County, including North Port. The organization is still recovering from the 2004 devastation of Hurricane Charley, which destroyed 154 public housing units, leaving only 30. “Currently, we are still doing a final phase of replacement of 150 public housing units,” Pentelecuc says. “We still have four unbuilt projects.” In Punta Gorda, Gulf Breeze apartments were revitalized and rebuilt with 171 units, 85 of which are public housing. The Veranda of Punta Gorda, Phase 1 and 2, will create 120 affordable housing units, with 65 of them public housing, he said. “Our waiting list averages anywhere from 16 to 24 months. We are accepting new applicants,” he says. “On average, what we’re seeing is it ranges anywhere from 100 to 275 families per unit waiting. We’ve seen an increase in calls and inquiries on housing assistance. There’s just not enough.”
Fort Myers Mayor Kevin Anderson, Fort Myers Housing Authority Executive Director Marcia Davis and Fort Myers Housing Authority Chairman Bruce Strayhorn
Fort Myers Housing Authority has the highest number of units, the biggest forthcoming influx of money and plans to build more units. It also has by far the longest waiting list of the region’s three largest organizations. There are about 1,400 affordable housing units in Lee County, said Marcia Davis, executive director. “We have 10,000 people on a waiting list.” The Greater Dunbar Initiative, expected to break ground in early 2024 and be finished by the end of 2026, should help alleviate some of the burden, Davis said, with the planned construction of 467 new units. The project will be funded with about $30 million from the U.S. Department of Housing and Urban Development. Up first, building 92 units off U.S. 41 in a lot that used to be a used car dealership. Upon completion of that, Southward Village, located off Edison Avenue, will be razed and rebuilt over three phases on about 40 acres of land that has been reenvisioned. “There’s always a gap,” Davis says. “And we have to fill it.”
G U L F S H O R E B U S I N E S S
Erik Kellar
THE STATE OF GOVERNMENT HOUSING
DECEMBER 2023
39
THE COST OF AFFORDABILITY
40
That’s what really makes this possible: You have to either own the land or have site control, meaning you’re under contract for the land.” THE GREATER DUNBAR INITIATIVE Gloria Henderson and Lizzie Kelly emerge from the brown house built in 1960 on Dora Street, part of Southward Village in Fort Myers. Soon, this house and the others surrounding it are expected to be razed. The neighborhood will become the epicenter of a revamped Fort Myers Housing Authority project called the Greater Dunbar Initiative. This is part of the federal government’s Choice Neighborhood Initiative, which was signed into law by President Barack Obama in 2009. Kelly, who is retired, has lived in the house for 12 years. She pays $169 a month in rent. Henderson used to live there until she purchased and moved into a manufactured home in Lehigh Acres three years ago, before the COVID-19 pandemic. She and her family paid $82,000 for the home. “And thank God,” says Henderson, of the decision to buy when she did, before losing her housekeeping job at Pink Shell Beach Resort after Hurricane Ian wrecked it last year. “Because I would be in serious, serious trouble right now [otherwise]. The storm retired me. Nobody can afford to live here anymore.” Just one hour later and 3 miles away, a ceremony begins in a conference room at the Fort Myers Housing Authority offices off Michigan Avenue. Jenna Persons-Mulicka, a state representative for District 78 and an attorney who works with attorney and housing authority chairman
ReVital Development plans to build an affordable apartment complex, Hermosa, in North Fort Myers, geared toward people 62 and older with preference to veterans.
G U L F S H O R E B U S I N E S S
ReVital Development Group; Erik Kellar
“The cash flow, after you pay your debt, should be enough to give your investors a return,” he says. “There’s enough there. We do make money. It’s just that you’re not going to have a big windfall like the market-rate guy will. “On these affordable ones, we tend to hold them for at least two years. And the project cost, typically, significantly exceeds the value of the property.” Allan said he expected Civitas to cost about $35 million, with $22 million going toward construction. Up next for ReVital Development will be building Hermosa in North Fort Myers. That’s off U.S. 41, about a mile north of Merchant’s Crossing. The two-phase project will begin with 72 units, followed by 88 more for 160 total. All will be “affordable,” and they will be geared toward people ages 62 and older with preferences to veterans. The complex will be four stories with an elevator, clubhouse and pool. The Hermosa project would have broken ground sooner, but ReVital missed out on a prior attempt to land funding. On Sept. 5, it received a 9% tax credit from the state, which covers about 70% of the project cost. “That’s why that 9% is so coveted and so competitive,” Allan says. “You still need a big income amount from somewhere else. “In the 2021 cycle, Lee County approved us. We didn’t get funding,” he says. “We came back in 2022. The county supported us for the second year. We were the first selected application, Dec. 26, 2022. We officially received the award in May or June of this year, it was a tax credit. It ends up being $18 million. It’s a big one.
Bruce Strayhorn, poses for photographs along with Jonathan Martin, a state senator for District 33. They hold a ceremonial check made out by the state of Florida to the housing authority for $2 million. “I’m so humbled to be a small part of this incredible project,” Persons-Mulicka says to a group of fewer than 20 people and no other media members. It hasn’t been getting much attention, but it will change a large section of Fort Myers for the better, Fort Myers Mayor Kevin Anderson said. Lizzie Kelly realizes her days at the current Dora Street home are numbered; that she soon will move into temporary housing while Dora Street and the surrounding area gets rebuilt. But when the time comes, she does plan to reapply so she can return to the area. “Everything that’s going to start happening in the next couple of years is going to be amazing,” Anderson says. “We look forward to the day when things are opening, and people are moving in.” The Greater Dunbar Initiative will be built with at least a $30 million injection of funds from the federal government’s Department of Housing and Urban Development. The grant carried with it some conditions, including razing and rebuilding Franklin Park Elementary School, a $53 million construction project, and building a new police station within the project’s boundaries. The city purchased the old NewsPress building at 2442 Dr. Martin Luther King Jr. Blvd. in December 2019 for $8.9 million because it lies within those boundaries, said Marcia DECEMBER 2023
41
THE COST OF AFFORDABILITY
LONG ROAD TO GETTING THINGS DONE The Fort Myers Housing Authority hired McCormack Baron Salazar, a national affordable housing company based in St. Louis, Missouri, to oversee the Greater Dunbar Initiative in 2021. “Why does it take so long?” says Sandra Seals, a senior vice president with McCormack Baron Salazar. “Lots of efforts, like the Greater Dunbar Initiative, take many, many years. It often starts with a vision or a meeting. In the case of Dunbar, it was both. Those conversations might start many years before you start moving any dirt. You start having conversations with local governments about possible funding. What can they do? “In the case of the Fort Myers Housing Authority, we did all of the community engagement with the residents. We help them visualize what the new communi42
ty will look like. Then they start shopping for a developer. We submitted. We competed. Once we came on board, we helped the housing board put together a grant application to help.” Seals and her team manage every aspect of the project. “We take it from the very beginning all the way to when it starts leasing up,” she says. “We start the competitive process of selecting an architect, hiring a general contractor. Environmental consultants. Civil engineers. The whole development team, we select. “Once they put the shovel in the ground, we really start to see these communities coming up out of the ground. We continue to engage with the residents so they are aware of the progress.” Yes, local politics must be navigated, Seals said. So must appeasing both the residents who will live in the apartments and the neighbors who might not want them living nearby. “In Fort Myers, the Housing Authority already has some relationships with the mayor and others,” Seals says. “So, we didn’t see the tension that we find in some other cities.” Seals’ team also manages any NIMBY—Not In My Back Yard—issues that arise. “The resistance is oftentimes just fear of the unknown or fear of change,” Seals says. “I think the public housing of yesteryear gives a lot of people a lot to think about. They think about the projects of 40 or 50 years ago. This is not that. “Everyone wants to feel safe where they live. That’s usually the fear, as well: They don’t want to put their safety at risk. Our projects include green space for people to walk and places for kids to play. This is a whole different model. Oftentimes when we describe the vision and we show the success stories, that helps people a lot.”
G U L F S H O R E B U S I N E S S
The Greater Dunbar Initiative, which is part of the federal government’s Choice Neighborhood Initiative, will be built with at least a $30 million injection of funds from the federal government’s Department of Housing and Urban Development.
The Housing Authority of The City of Fort Myers
Davis, executive director of Fort Myers Housing Athority. But the boundaries are also why the city is considering buying a property just to the south on Market and Fowler streets—to build the new police station there instead. Doing so would free the News-Press site for more workforce housing and retail opportunities, she said. More federal money for housing will be on the way in the form of post-Hurricane Ian funding, of which 70% of the $1.1 billion will go toward affordable housing. Davis was joking and serious at the same time when she said developers are smelling blood in the water regarding those forthcoming federal grants. “Because all of a sudden, these developers are coming out of nowhere,” Davis says. “I already have all of these projects already in the pipeline. Things can get done now.”
DECEMBER 2023
43
Rent affordability has gotten tougher and tougher to attain in Southwest Florida, according to data studied by Florida Gulf Coast University professors. The gap between low- and high-income households in the region continues to widen, said H. Shelton Weeks, a professor of finance and the director of the Lucas Institute for Real Estate Development and Finance at FGCU. He began studying rent affordability in early 2022, looking at IRS service migration data. In the Cape Coral/Fort Myers area, the expected average rent of $2,098 was eclipsed by the actual average rent of $2,273. That means instead of spending the government’s recommended 30% of income toward housing, Lee County households were and are paying more than 38% of their income toward housing. With the 2022 area median income at $71,072, households actually needed to be making more than $90,917 for that housing to be “affordable.” That’s a gap of more than 28% in pay. “Our numbers systematically understate the amount of income needed to not be rent burdened,” Weeks says, because calculating utilities over such a large area just wouldn’t work in compiling an accurate formula. “The important thing, when we look at these numbers from an affordability angle, you’ve got to look at ‘How can we increase the supply at numbers that are below this?’” Weeks put his students to work and learned the answer to that question was next to impossible. 44
“There is no way that you can buy the land and improve it with apartments built to code and rent it below these numbers,” Weeks says. “Anywhere in coastal Southwest Florida—you can’t do it. The land costs too much. The number you’re going to have to get to potential development with cashflow is significantly higher than this.” Hurricane Ian, which struck the region on Sept. 28, 2022, further widened the gap, Weeks said. “You think about the housing stock we lost in Ian,” Weeks says. “That was generally the older, most vulnerable housing stock in our market, which also would have been our most affordable.” As higher-income families migrate to Florida, lower-income families have been leaving, a trend found by FGCU research economist John Shannon. Gentrification is a word that has been used for hurricane-ravaged ar-
eas, such as Fort Myers Beach, but it’s also taking place across the entire region and throughout the state, numbers show. In 2018-19, there were 1,302 new households coming from New York, for example. They had an average income of $144,839. Households leaving for New York had an average income of $78,714. In 2021-22, the trend intensified, with 2,723 new households moving from New York. Incoming households made an average of $197,071. Outgoing households made $97,956.
G U L F S H O R E B U S I N E S S
Getty
RENT AFFORDABILITY
THE COST OF AFFORDABILITY
“I think when you start to see the numbers, it hits people over the head,” Weeks says. “This is a significant issue for us. When you think about the growth of our area, and the number of people we’ve got coming here—if we don’t figure out how to provide some people who provide all the services we need as a society, we’re going to have some problems.” The widening gap means service workers are fleeing not just the area, but Florida in general, for more affordable housing. Lower-income households are moving to Georgia, North and South Carolina, Tennessee and Texas, the data shows. They are being replaced by higher-income earners from New York, Illinois, New Jersey, Massachusetts, Michigan and Pennsylvania. As more service-oriented workers leave, there could be a lack of service providers in the area, said Matt Simmons, property appraiser with Maxwell, Hendry and Simmons in Fort Myers. “There is definitely a shift in who’s moving here,” Simmons says. “A lot of it is simply about the U.S. economy shifting and more people working remotely. “We’re getting people coming here who are younger, white-collar workers with higher incomes. Many of them can come because they’re keeping their corporate job back north but now just working remotely. We started seeing a lot of it during COVID, but just because the pandemic is over doesn’t mean that the trend goes away. In fact, we still might be in the early innings of this trend.”
MOVING IN, MOVING OUT Between 2018-19 and 2020-21, trends escalated with an influx of higher-income households migrating to Southwest Florida, combined with an exodus of lower-income households departing. In 2018-19, there were almost 5,000 newcomers from the top five states arriving to Southwest Florida, and they were making an average of $217,404 per year. Those leaving were making an average of $104,423 per year.
In 2020-21, there were closer to 10,000 newcomers from the top five states arriving to the region. They were making an average of $239,838, while the people leaving were making an average of $102,992. John Shannon of FGCU compiled the IRS data on service migration.
GETTING IT GOING Rossi of Renaissance Development said developers must adapt. With rising interest rates, most banks are requiring more capital to proceed with lending. A project that could have been approved with 50% capital a year ago might not be approved without 75% capital now, he said. “That’s what it takes to make it work,” Rossi says. Rossi and other developers also look for certain critical ingredients to get their projects going. As he sits in Seed & Bean, the rain continuing to fall, he makes it clear that developing affordable housing—or in his case, more affordable than the average—gets challenging. “You need three things to do workforce housing,” Rossi says. “Density, parking reductions and [tax increment financing].” Those 336 units at Bloom end up paying for the $2 million to buy the land, plus the expected construction costs. Developers look for parking reductions because a parking spot costs between $10,000 and $20,000. In the case of Bloom, there will be 1.5 parking spots per apartment in a 506-space parking garage. Renaissance also will receive an $8.2 million TIF from the Fort Myers Community Redevelopment Agency. “The equity has to clear a hurdle,” Rossi says. “If you can’t clear that hurdle, the project can’t happen.” DECEMBER 2023
45
HIGHWAY TO GROW TH THE CHANGING FACE OF ALICO ROAD
Brian Tietz
By Sheldon Zoldan
46
G U L F S H O R E B U S I N E S S
DECEMBER 2023
47
Alico Road, once a two-lane strip of gravel leading to rock quarries and dirt mines, has been transformed into a bustling highway—an economic yellow brick road filled with high-end offices, apartments, hotels, large warehouses and big-box retailers. “It’s the centerpiece of the county’s economic development efforts,” says John Talmage, director of Lee County’s Economic Development Office. The road has become a boulevard of fulfilled dreams, a portal to Southwest Florida International Airport, Interstate 75, Gulf Coast Town Center and Florida Gulf Coast University. One out of every three jobs in Lee County, and one in four in Southwest Florida, will be in the Alico corridor—roughly defined as the space bordered by the airport to the north, Alico Road to the south, Treeline Avenue to the east and U.S. 41 to the west, Talmage said. The road wasn’t always a job magnet. It was barely a road as late as the 1980s. It gets its name from Alico Inc., which owned much of the property east of Ben Hill Griffin Parkway. The road ran parallel to the railroad spur that ran for 5 miles east to the rock and quarry pits. Lois Thornton worked for 10 years at her father’s shop, Liggett Custom Cabinets, off Alico. She remembered it being a gravel road 48
G U L F S H O R E B U S I N E S S
John Talmage Director of Lee County’s Economic Development Office
Brian Tietz; Lee County Economic Development
HIGHWAY TO GROWTH
What was barely a road back in the 1980s is now becoming a corridor of economic boom. One out of every three jobs in Lee County, and one in four in Southwest Florida, will be in the Alico corridor.
DECEMBER 2023
49
Many companies in Collier County are looking to move north due to the difficulty in finding land. And with Lee County drivers having some of the longest commutes in the state, the Alico corridor has become an attractive location for businesses.
50
G U L F S H O R E B U S I N E S S
Lee & Associates Naples-Fort Myers; Seagate Development; Getty
Derek Bornhorst President of Lee & Associates NaplesFort Myers
HIGHWAY TO GROWTH
ALICO CORRIDOR PROJECTS UNDER DEVELOPMENT
Alico Crossing: MPD to include 475 units, 200,000 square feet commercial use and 250 hotel rooms Alico Medical Center: 12,800 square feet commercial building and 60,000 square feet threestory building for medical/dental office use Three Oaks Distribution Center: MPD 600,000 square feet commercial and 600,000 square feet industrial
Alico Oriole West: Rezone 30 +/- acres from AG-2 to MPD to allow 350,000 square feet of commercial, retail and industrial use Centro Apartments Town Place suites Vintage Commerce Center The Home Depot Casa Napoli California Closets Ten-8 Fire Velocity Gulf Coast Logistics Center ITEC Park Pepsi facility
when she left in 1985. But that gravel road stood in the path of Southwest Florida’s perfect storm of growth. Lee County’s population growth moved south; Collier’s moved north. “It’s where Bonita and Collier begin to blend in with south Lee,” says Stan Stouder, founding partner in CRE Consultants. Derek Bornhorst, president of Lee & Associates Naples-Fort Myers, specializes in industrial and commercial real estate. He’s seeing a demand from Collier County because it’s difficult to find land there, available land is expensive and existing buildings are older and don’t have the higher ceilings, truck parking and turn-around areas today’s businesses are seeking. Alico Road is the closest area north that can offer what the businesses are looking for, he said. Pravada Private Labels, a manufacturer of skin care products, moved from Naples to Alico Business Park in September 2022. The company had moved to Naples in 2015, but outgrew its building by 2018. Founder and company president Marlene Thompson couldn’t expand the building, so she started looking north to be closer to the Fort Myers market. “We were told it could potentially become a bit of an industrial hub, especially given its proximity to the airport,” Thompson says of Alico Road. Pravada, similar to many other companies that moved north, said it was a plus to be closer to its
workforce; most of Thompson’s workers were driving from Lehigh Acres and Cape Coral to Naples. Lee County drivers have some of the longest commutes in the state, 45 miles each way, something Talmage said the economic development office is trying to change. Extending Alico to state Road 82 by the end of the decade should help cut commute times for people driving from Lehigh, making companies located along Alico even more attractive. “That Alico extension out to 82 will be even a bigger game-changer,” says Matt Price, CEO of Seagate Development Group, which has been a busy player in the Alico corridor. It moved its offices from Gateway to Alico Road in 2020. “We wanted to plant our flag there,” Price says.
Matt Price CEO of Seagate Development Group
DECEMBER 2023
51
HIGHWAY TO GROWTH
Boom Times Alico Road property certainly wasn’t always the hot spot it is today. Seagate’s Price said much of the land being developed had sat vacant for years. He credits Alan Freeman for what’s happening today. “He had a vision for what it should be,” Price said. “I think because of him it became what it be52
G U L F S H O R E B U S I N E S S
Brian Tietz
Seagate designed and constructed two of the buildings that greet drivers exiting to Alico from I-75: NeoGenomics and Scotlynn Transport. In 2021, Seagate joined the gold rush of developers, builders and real estate speculators purchasing property along Alico— extending from the interstate west to Domestic Avenue. Geis Company joined the rush about the same time, buying the Centro Apartments that were being built next to I-75. It then purchased a 32-acre site to the west, where it built two 250,000-squarefoot warehouses. There were no institutional investors in the market in 2020, Geis Company President Conrad Geis said. That has changed; they’ve discovered the corridor. It is one of the few places where large tracts of land are available in Southwest Florida for corporate headquarters, giant warehouses and big-box retailers, said Mike Maurer, a broker for William Raveis. His company is marketing 34 acres at the northeast corner of Alico and Three Oaks Parkway, near the Floor and Decor store.
Alan Freeman President of Southwest Florida Building Group Inc.
Referred to by some as the godfather of Alico Road, Alan Freeman began buying land to the north of Alico in the late 1980s and continued buying through the early 2000s. Five years ago, he started development projects there, making the corridor what it is today. (Also pictured, McGarvey Custom Homes founder John McGarvey, left, and Geis Company President Conrad Geis.)
came, as opposed to just another industrial center.” Talmage calls Freeman the godfather of Alico Road. Freeman’s family developed San Carlos Park in the 1950s and ’60s, as well as the Three Oaks community in the 1980s and ’90s. Freeman began buying land on the north side of Alico in the late 1980s and continued buying through the early 2000s. The county’s comp plan called for the property north of Alico to be for commercial use. Freeman started putting in roads during the recession and started development projects about five years ago. His plan was for high-end offices (NeoGenomics) and health services (Frantz EyeCare) hugging the interstate; the area farther west and north off Alico was for warehouse, distribution and logistics centers (California Closets, Rice Insulation & Glass). He called for gas stations (Wawa), takeout restaurants (Wendy’s) and small retailers closest to Alico. DECEMBER 2023
53
HIGHWAY TO GROWTH
Alico Road has more personalities than Sybil. It covers 13.3 miles; part industrial, part commercial, part retail, part mining, part residential, part agricultural and part Old Florida. The road itself has turned into one to avoid during morning and evening rush hours, as lumbering dump trucks and Amazonlogoed semis hint at Alico’s past, present and future. Traffic numbers back up its reputation for long lines and slowmoving traffic. In pandemic year 2020, 25,800 vehicles a day passed Alico east of U.S. 41 compared to 21,700 in 2012, according to Lee County traffic counts. In that same year, 49,600 vehicles passed daily west of Interstate 75 compared to 27,200 in 2012.
54
Alico Road from U.S. 41 to Domestic Avenue 2.0 miles This portion of Alico Road was developed first, and it shows. Older industrial companies dot the road, often with little landscaping to camouflage the large equipment and infrastructure. The newer manufacturers and industrial parks have nicer entrances, modern signage and more attractive buildings. New plazas have popped up along the road, giving small businesses and restaurants attractive places to call home.
Domestic Avenue to Interstate 75 1.5 miles If the first 2 miles was Alico’s past, this mile and a half is Alico’s future. The warehouses and distribution centers, such as Amazon, Clive Daniels and
Robb & Stuckey, are substantial and come with the bells and whistles not available elsewhere. Large office buildings, bigbox stores, health services and apartments follow the road to the interstate. A gas station, fast food and other smaller retail business are beginning to front the road.
I-75 to Ben Hill Griffin Parkway 0.7 miles The distance might be short, but the road is busy. It’s the entrance to Gulf Coast Town Center. Restaurants front both sides of the road. Hotels, a bigbox store and some offices stand behind them.
Ben Hill Griffin Parkway to Corkscrew Road 7.1 miles This section is the road less traveled so far, but that will change during the
next decade when the county extends it to state Road 82. About 8,900 vehicles traveled east of Ben Hill Griffin in 2018, the most current traffic counts available. The county widened Alico for 2.4 miles to ITEC Business Park, which has more than a million square feet of space. The homes on the south side of the road give a glimpse of the future. More residential communities, such as Miromar Lakes, Esplanade Lake Club and Wild Blue, will be built when it becomes more profitable to build communities than dig for dirt. Cement producers, dirt mines, a little bit of agriculture and plenty of vacant wooded land dot the road as it turns south and reaches Corkscrew Road. It’s not everywhere you see long, steel tracks resembling a steel roller coaster on the side of the road.
G U L F S H O R E B U S I N E S S
Brian Tietz; Seagate Development
DIFFERENT FACES
Buildings along the Alico corridor are being leased and sold as fast as they are being built, partly due to the population growth and companies’ needs to be in the communities they serve.
Today, buildings are being leased and sold as fast as they are being built. Talmage, Lee’s economic development director, in July counted 25 buildings under construction between Domestic and I-75 and a mile north to the canal near the Briar Cliff community. That area is attracting a mix of businesses, some local, some regional and some national. Amazon’s two large warehouses are the most obvious national companies, but there are others. Maurer expects more companies to build headquarters along the corridor, probably Fortune 1,000 companies, and regional companies are moving to the corridor to play catch-up. “I think we have a big enough population now that we’re no longer a small, tertiary market,” Price says. “We’ve hit a population level now where it’s becoming impossible to service our community from Tampa, Miami or Orlando anymore. Companies must be in the community to serve you.” Ten-8 Fire and Safety is one of those companies. “Customers pretty much demanded it,” service manager Heyward Chestnut says about why the company opened in Lee County. Based in Bradenton, Ten-8 sells and services emergency vehicles. The Alico Road building covers Lee, Collier, Hendry, Charlotte and Glades counties, Chestnut said. It will be moving to a larger, nearby location soon. My Shower Door/D3 Glass are local companies that moved in 2019 from an older, smaller DECEMBER 2023
55
HIGHWAY TO GROWTH
BUSINESSES LOCATED ALONG ALICO ROAD CORRIDOR The Coldest Water Pravada Private Label Scotlynn Frantz EyeCare
Formosa Open Storage
Custom Millcraft Pilotcar EV Pods
NeoGenomics
Arthrex
Rice Insulation & Glass
Phase V Fulfillment
White Cap Tesla Collision
Cummins Service Facility
Amazon RSW5
Floor and Decor
Linder Industrial Machinery
Dona Jo Brand
Elite RV & Boat Storage
Source: Lee County Economic Development Office
D3 Glass
Fidelitone Clevertech
Vivid Ev PGT Innovations Wayfair Red Bull Advanced Hurricane Technology Watts Water Technologies
56
G U L F S H O R E B U S I N E S S
Brian Tietz; Scotlynn; Seagate Development; Sheldon Zoldan; Pravada; Craig Hildebrand
Eastern Metal Supply
TLC Rx
building to a 60,000-square-foot home on Domestic, behind Amazon. Owner Bill Daubmann said he is thinking about building a headquarters for My Shower Door and My Architectural Glass on property he owns on the south side of Alico.
Already looking very different than it did in the past, Alico’s transformation is far from over, with the ITEC Business Park having 2.4 million square feet of space and Gulf Landings Logistic Center adding 2 million more square feet in the next few years.
Looking Ahead Alico’s transformation is far from over. The ITEC Business Park east of Ben Hill Griffin Parkway has 2.4 million square feet of space. Gulf Landings Logistic Center, just north of Alico, huddled between the airport entrance, the interstate and Ben Hill Griffin, will add 2 million more square feet in the next few years. “It already looks different than it has in the past,” Bornhorst says. “I feel like it’s even going to look a lot different than it does today in the next 24 months.” A different look deserves a different name, Freeman said. “At this point, that road should be called something like Central Lee Parkway or Research Boulevard, or something like that,” he says. “It shouldn’t be called Alico Road. It doesn’t mean anything and it doesn’t resonate.” DECEMBER 2023
57
SPONSORED CONTENT
PRIVATE SCHOOLS HANDBOOK p. 59
COMMERCIAL BANKING & FINANCE p. 60
FA M I LY OW N E D & O P E R AT E D B U S I N E S S E S p. 75
SPONSORED CONTENT
___ D E C E M B E R
2 0 2 3
PRIVATE SCHOOLS HANDBOOK DECEMBER 2023
59
P R IVATE SC HOOLS HAN D B OOK
SPONSORED CONTENT
Discover Excellence at Community School of Naples!
Welcome to a vibrant educational institute at Community School of Naples, where excellence in education meets a nurturing environment for students to thrive. Located on a beautiful 77-acre campus, CSN is committed to providing unique learning experiences that cultivate academic achievement, character development, and a passion for lifelong learning. At Community School of Naples, we offer a diverse and comprehensive curriculum for students in Early Learning – Grade 12, designed to challenge and inspire students at every level. Our dedicated faculty provides personalized attention, fostering an environment where intellectual curiosity and critical thinking flourish. 13275 Livingston Rd. Naples, FL 34109 (239) 597-7575 communityschoolnaples.org Head of School: Dr. David J. Watson
From our state-of-the-art facilities to our extensive extracurricular activities, including arts, athletics, and community service clubs, we encourage students to explore their passions and interests beyond the classroom. Visit our website at www.communityschoolnaples.org to learn more about the enriching experiences awaiting your child at Community School of Naples. NOTEWORTHY OPPORTUNITIES AT CSN • CSN Scholars Program enables students to specialize in one of four areas: Creative, Human Performance, Global, and STEM. Students who successfully complete all requirements of this program receive special designation on their transcripts. • AP Capstone Program is a rigorous program designed to equip students with argument-based research and writing skills and involves taking AP Seminar and AP Research. • Junior Experience is a two-week program at the end of junior year. During this time, students complete an outdoor education trip, where they hone skills of leadership, compassion, and self-reliance. Students also participate in Career Bound (job shadowing in a student’s chosen profession) and College Bound (an intensive workshop focusing on the Common App, college essay, and one-on-one meetings with a College Counselor). • The Juliet Collier Sproul Center for Community & Global Impact seeks to create transformational opportunities for students to contribute meaningfully to the community, the environment, and the world beyond through purposeful acts of service.
60
G U L F S H O R E B U S I N E S S
C o m mu n it y S ch oo l of N a p les i s So u th wes t F lo ri d a’ s p rem i er ind ep e n de n t d a y s cho ol, se rv in g s tu d e nt s Ag e 3-G ra de 1 2. C SN is co m m it t ed t o p rov id in g ex c ep ti on a l le arning op p o rt u nit ie s f or ev ery s tu d e n t, ev er y da y. W e o f f er a c om p r eh en s iv e and ch a llen g ing c ur ric u lum fo c us ed o n ac a de m ic r i g or; o pp o rt u n it ie s i n at h le t ic s a nd t he a rts, and cha ra c te r d e v elo p m en t.
Now Accepting Applications for our NEW Early Learning Class for Young 3's.
Scan to learn more! www.communityschoolnaples.org
P R IVATE SC HOOLS HAN D B OOK
SPONSORED CONTENT
First Baptist Academy
3000 Orange Blossom Drive Naples, FL 34109 (239) 597-2233, ext. 300 fbalions.org Head of School: Dr. Ryan Dupeé Director of Admissions: Nate Foster
At First Baptist Academy, our mission is to partner with parents to develop students with Christian character and a biblical worldview, equipping them for life, learning and leadership. Our FBA students have unparalleled opportunities to excel in academics, athletics, and fine arts. We recognize each child is created with a unique personality and purpose, and our dedicated teachers provide an environment where every child is engaged and challenged to grow. We welcome you to tour our campus and learn more about being part of the FBA family.
62
G U L F S H O R E B U S I N E S S
SPONSORED CONTENT
PR I VAT E S C H O O LS H A N DB OOK
Royal Palm Academy
16100 Livingston Road Naples, FL. 34110 (239) 594-9888 royalpalmacademy.org Head of School: Michael Bussman
There’s a real advantage at a school committed to developing a deep sense of belonging. Royal Palm Academy is passionate about character formation, encourages intellectual curiosity, and takes pride in serving our community. Our students are leaders, creative, bright, focused on achieving their full potential, and never afraid to be themselves. Students are grounded in their Catholic Faith, growing in virtue, and forming healthy habits for a lifetime. We are celebrating 25 years of academic excellence. We partner with our parents and encourage them to participate in their child’s education. Our caring school community of parents, teachers, and staff collaborate to benefit all our students. When you choose RPA, you become a member of a very special, close-knit school family. We are rooted in our Catholic identity, promoting healthy social relationships, and partnering with our supportive, vibrant, and engaged school family. Come see where students thrive!
DECEMBER 2023
63
P R IVATE SC HOOLS HAN D B OOK
SPONSORED CONTENT
Empower • Inspire • Create 6000 Goodlette-Frank Rd N. Naples, FL 34109 (239) 325-2123 TVSNaples.org Head of School: Mr. Dennis Chapman Director of Enrollment Management: Ms. Cameron Steese
We are blessed to provide an environment where students are known, nurtured, and loved. Our PK3 through twelfth grade curriculum is designed to provide an innovative and impactful academic educational experience that maximizes college readiness in a supportive Christian environment. Our teachers continually inspire students to be creative critical thinkers, strategic communicators, empowered lifelong learners, engaged collaborators, and conscientious global citizens. We look forward to you joining our TVS Family. Schedule your tour today! #KnightsForLife
OUR MISSION IS TO PROVIDE AN ENVIRONMENT THAT EMPOWERS AND INSPIRES STUDENTS TO THINK AND CREATE SOLUTIONS TO CHALLENGES IN AN EVER-CHANGING WORLD
6000 Goodlette Frank Rd N Naples, FL 34109 SCAN FOR INFO 64
G U L F S H O R E B U S I N E S S
TVSNaples.org (239) 325-2123
Bishop Verot Catholic High School 5598 Sunrise Drive Fort Myers, FL 33919 (239) 274-6700 bvhs.org Principal: Suzie O’Grady, MPA, Ed.S. Founded in 1962, Bishop Verot Catholic High School educates the minds and hearts of all students in an innovative and communitycentered learning environment, preparing them for lives of faithful service to the teachings of Jesus Christ. Our rigorous college preparatory curriculum prepares students for success in college, earning them over $13 million in scholarship offers annually. With over 25 different competitive sports and 30 extra-curricular clubs and activities offered, students are able to build an impressive resume for the college application process as well as learn valuable social and time-management skills. Bishop Verot utilizes state of the art technology and has been recognized by Apple as a distinguished school for continuous innovation in learning, teaching, and the school environment. The implementation of a Community/House system has not only enhanced the community of Bishop Verot, it offers numerous student leadership opportunities. Schedule a private tour today to learn more about Bishop Verot Catholic High School and joining the Verot family.
Canterbury School 8141 College Parkway Fort Myers, FL 33919 (239) 481-4323 www.canterburyfortmyers.org Head of School: Rick Kirschner
To experience Canterbury is to appreciate inspiring teachers, coaches, and mentors rigorously preparing students for a world of unlimited possibilities. The foundation of our school is based on four tenets: academics, leadership, character, and service. These tenets work in conjunction with key aspects that create a great “prep” school—a strong honor code, exceptional academics, a wide range of co-curricular opportunities, and meaningful relationships. Each year Canterbury’s SAT and ACT scores far surpass local, state, and national results. Canterbury students are a sure bet among colleges and universities.
WHAT STARTS AS A School ... BECOMES A SECOND Home .
Providing an Exceptional Education through Faith and Community since 1989
Building Faith, Hearts and Minds
Saint Andrew Catholic School 1509 SE 27th St. Cape Coral, FL 33904 (239) 772-3922 www.standrewcs.org Principal: Mr. David M. Nelson
For over three decades “Building Faith, Hearts and Minds” has been the motto and impetus in providing a challenging and innovative curriculum at St. Andrew Catholic School.
A Pre-K3 through Grade 8 School of Excellence Catholic Traditions - Academic Excellence Respect for God’s Earth and It’s Cultures
STREAM Certified Since 2019 (Science, Technology, Religion, Engineering, Art, Math)
2022-23 Gold Level Everglades Champion School 1509 SE 27th Street | Cape Coral, FL | (239) 772-3922 | www.standrewcs.org
Faith – Through Catholic traditions and Gospel values, students develop as principled, caring and balanced individuals, respected as children of God. Hearts – New families say that St. Andrew has an inviting family atmosphere. Whether collaborating in the classroom or through community service, students open their hearts, demonstrating open-mindedness and a connection to others. Teachers are dedicated professionals in partnership with families. Minds – A cornerstone program, STREAM, facilitates the building of minds. STREAM integrates Science, Technology, Religion, Engineering, Art and Math, further enhancing the curriculum and nurturing inquiring life-long learners.
Saint Ann School 542 8th Avenue South Naples, FL 34102 (239) 262-4110 • www.stann.net Principal: Michael Buskirk Enrollment Director: Tracy Farley facebook.com/saintannschoolnaples Saint Ann Catholic School has provided excellence in the education of Spirit, Mind, and Body since 1956. Our emphasis and dedication to high academic standards for all students are evident throughout the school’s state-of-the-art campus and well-rounded curriculum: gifted, honors, resource classes, integration of technology, band, choir, Transforming lives since 1956: Education of Spirit, Mind, and Body
art, music, drama, foreign language, physical education, and athletic
• Safe, family community, enclosed campus • Religious virtues and weekly Mass • STREAM and LEGO® Robotics • Gifted, honors, resource programs • Scholarships available • 1:1 iPad program
Lego League encompassing PK3-8 classes.
ADMISSIONS: Tracy Farley at 239.262.4110 ext. 224 tfarley@stann.net
to reach their fullest potential. Many of our teachers have been
542 8th Avenue South Naples, FL 34102 www.stann.net @saintannschoolnaples
offerings in competitive sports. Saint Ann has partnered with First
Through the dedication and commitment of our highly trained, certified professional teachers and staff, each child is nurtured classroom trained to use the Orton-Gillingham approach, which is a multi-sensory phonics technique. Students learn the value of selfless service and are taught the necessary skills for their life’s work in the kingdom of God within a caring, safe, and disciplined environment.
Southwest Florida Christian Academy 3750 Colonial Blvd. Fort Myers, FL 33966 (239) 936-8865 sfcakings.org Head of School: Mrs. Lisa Kleinmann Southwest Florida Christian Academy has been a leader in K-12 education for 30 years and is fully accredited by Cognia and ACSI. Students are provided a Christ-centered, expansive educational program that includes STEM offerings, AP courses, one-to-one technology, a comprehensive fine arts program and over 42 competitive sports teams. While leadership training occurs across all grade levels, SFCA’s unique Student Leadership Academy identifies and equips students who will be the next generation of leaders. Community involvement is encouraged through field trips, service projects and mission trips.
St. Elizabeth Seton Catholic School
Profile for a Brighter Future!
• Faith • Academic Excellence • Character • Values • Family • Service • Dedicated Teachers • Patriotism
2730 53rd Terrace SW Naples, FL 34116 (239) 455-2262 www.saintelizabethseton.com Admissions@seseton.org Principal: Mrs. Maria Niebuhr, M.Ed.
From the first day of PreK to 8th grade graduation, our students receive a well-rounded education nurturing their spiritual, intellectual, physical, social, and moral development. We provide a solid foundation for students to take their place in society as valuable and successful members of the kingdom of God. In partnership with our families, we offer a challenging curriculum in a joyful, faithfilled learning community. Take a tour and discover why Seton stu-
Build a Bright Proven track record for Future for Your student learning and life success since 1981. Child... Join Our School Family!
dents love their school!
Excellence in Catholic Education in Naples since 1981
St. Elizabeth Seton School 2730 53rd Terrace SW | Naples 239.455.2262 www.SaintElizabethSeton.com
St. Francis Xavier Catholic School 2055 Heitman St. Fort Myers, FL 33901 (239) 334-7707 stfrancisfortmyers.org Principal: John Gulley
Welcome to St. Francis Xavier Catholic School, serving PK-3 -Grade 8! Our school began in 1938 to provide a sound Catholic education, rooted in Gospel values. We support our students’ individual learning capabilities and provide a challenging and rigorous academic program that is reflective of current trends in education and technology. Our middle school features 1:1 iPads and technology used throughout the school. We teach our students, from day one, that a strong academic education goes hand-in-hand with solid Christian values. Our philosophy can be summed up in our mission. “To be like Christ in all that we think, do and say while experiencing the joy of learning.” If you believe your child’s school should reinforce the values you teach at home, come join the St. Francis Xavier Catholic school family.
Education You Can Believe In PK3-Grade 8 Saint Francis Xavier Catholic School welcomes you to join our family, our traditions and our journey with Christ! • We are a Blue Ribbon School, accredited by the Florida Catholic Conference. • Established 85 years ago, Saint Francis Xavier Catholic School has provided more than 6,500 students with an exemplary academic education built upon a Catholic foundation of spirituality and compassionate humanity. 2055 Heitman St. • St. Francis Xavier Catholic School students Fort Myers, FL 33901 outscore their public school counterparts in (239) 334-7707 achievement tests. www.stfrancisfortmyers.org • 21st Century Learning Commons and classrooms, Pastor: 1:1 iPad program for 5th - 8th grades, Lego Robotics program, extra-curricular activities in Father Steven Clemente athletics and the arts Principal: John Gulley Call today for a tour and learn more about our curriculum, activities and faith formation.
FInancial Aid and Scholarships Available
This spring Gulfshore Business
WOMEN IN
will recognize the achievements of
10 REMARKABLE BUSINESS WOMEN
who are making their mark in Southwest Florida.
These women are business owners and/or senior level executives who have mastered their business.
Nominate a remarkable woman that you know!
NOMINATION DEADLINE: December 31st Winners will be recognized in the
May 2024 issue of Gulfshore Business
For more information and to nominate please go to gulfshorebusiness.com/womeninbusiness
68
G U L F S H O R E B U S I N E S S
SPONSORED CONTENT
___ D E C E M B E R
2 0 2 3
COMMERCIAL BANKING & FINANCE GUIDE DECEMBER 2023
69
CO M MERC I A L BA N KIN G & FIN AN CE G UID E
SPONSORED CONTENT
Do you have a banker or just a bank? At Cogent Bank, you’re never a faceless account. One of our local Relationship Managers gets to know you, your business, and your unique financial goals. You’ll receive a direct line to your banker, who is always a phone call away. We’re proud to be a growing, locally-focused financial institution, bringing innovative ideas to life through technology, personal service, and unparalleled industry experience. We have been named Southwest Florida’s “Best Bank’ by Gulfshore Business, and we welcome the opportunity to introduce you to our team of more than twenty local Southwest Florida bankers.
Cogent Bank Associates (left to right): Craig Sherman, Tiffany Suid, Julie Celozzi, Beth Hendry, Marty Mahan, Sean Friend, Brandon Box, Johnathan Torres, Mike Dunzelman, Brandon Hartman, Kris Scoone, Jessica Fontana
(239) 766.8980 cogentbank.com
70
G U L F S H O R E B U S I N E S S
C O M M E R C I A L B A N KI N G & F I N A N C E GU IDE
SPONSORED CONTENT
Mark Benskin, JD, MST Senior Vice President, Market Executive
Mark Benskin is market executive for the Florida, Illinois and Wisconsin regions of Commerce Trust. As market executive, he is responsible for ensuring client needs and service standards are met across all areas of the trust, investment, and private banking business. Mark and his team work to ensure the growth, protection and preservation of client assets, and delivering an outstanding client experience. Mark is responsible for growing the company’s presence in the new Commerce Trust Naples, Florida office, which will be opening early 2024.
Mark Benskin, JD, MST Senior Vice-President, Market Executive mark.benskin@commercebank.com commercetrustcompany.com
Harness the True Team Advantage At Commerce Trust, our client philosophy guides our approach to wealth management, which is simple: It’s advantageous to have a team in your corner. Because more collaboration and more perspectives from more financial disciplines converge to create a more personalized approach designed uniquely around your needs. Nothing we do is mass-provided or model-based. Our teams are built around your needs with lending and portfolio management advice that aligns with your goals. For more than a century, Commerce Trust has been a leading provider of investment management, financial planning, trust and private banking services. Our clients benefit from the insight gained by our experience administering over $61 billion in total client assets through all market cycles.1
HOW CAN OUR TEAM HELP YOU TODAY? LEARN MORE ABOUT OUR APPROACH TO HELPING ENSURE YOUR LONG-TERM SUCCESS AT COMMERCETRUSTCOMPANY.COM.
commercetrustcompany.com 1 Based on assets under administration (AUA) as of September 30, 2023. Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
GSB-CommerceTrust-Dec23-HP.indd 1
Commerce Trust is a division of Commerce Bank. D E C E M B E R 211/6/2023 023 3:23:55 PM 7 1
CO M MERC I A L BA N KIN G & FIN AN CE G UID E
SPONSORED CONTENT
Here for you – Yesterday, Today & Tomorrow As the oldest locally owned and chartered bank in Lee County, Edison National Bank/Bank of the Islands has never wavered from our mission. For 26 years, our relationship-focused bankers have worked hard to deliver safe, sound banking services that empower our community’s small business leaders to reach their goals. This longevity demonstrates our strong commitment to serving your commercial business and personal banking needs – yesterday, today and tomorrow. Meanwhile, our Bauer Financial Superior Rating indicates we are one of the strongest, most dependable and financially sound banking institutions in the nation.
“OurTop Priority is to provide Safe, Sound banking services.” In the current banking climate, you might wonder where to go for safe, sound
banking services. Edison National Bank/Bank of the Islands is FDIC-insured and continues to earn the highest 5-Star Superior Rating by Bauer Financial - the source for unbiased, independent analysis for financial institutions across the nation. We are standing strong with money to lend, and with a history of long-term stability and resilience, we are absolutely committed to remaining well-positioned to honor our promises and protect our banking customers.
Here for you… Yesterday, Today and Tomorrow.
To learn more about our customer services and convenient locations, please visit EdisonNationalBank.com or call 239.466.1800. Geoff Roepstorff, CEO and Robbie Roepstorff, President
72
Equal Housing Lender | Member FDIC | Bank of the Islands is an office of Edison National Bank.
G U L F S H O R E B U S I N E S S
C O M M E R C I A L B A N KI N G & F I N A N C E GU IDE
SPONSORED CONTENT
Sanibel Captiva Community Bank For 20 years Sanibel Captiva Community Bank’s foundation has been built on people and relationships. Our success stems from the importance we place on relationships with our customers, team members and the community. This approach enables us to deliverer smart, thoughtful banking and lending solutions with unmatched, superior customer service. As a true local community bank dedicated to staying locally owned and operated, we’re fortunate to be in the unique position to help fellow local businesses thrive, something we’ve done proudly for the past 20 years, and plan to do for decades to come.
Business Banking Free business checking accounts, with no minimum balance required
Free mobile deposit and Positive Pay
Free online banking, bill pay and business banking mobile app
Local Treasury Management, Deposit Operations and Wire departments
Locally Owned and Operated 239-472-6100 | www.SanCapBank.com
NMLS #411904 DECEMBER 2023
73
CO M MERC I A L BA N KIN G & FIN AN CE G UID E
SPONSORED CONTENT
Leandro Soler Relationship Manager, Wintrust Banking Center Community is everything to Leandro Soler. An active community member who works with Naples SCORE, FGCU Small Business Development Center, and others, Leo has direct experience with the unique needs and goals of local businesses. Nothing brings him more satisfaction than helping businesses grow—something he does every day at Wintrust Banking Center. “To me, community banking is all about being there for our local businesses,” said Soler. “Seeing small businesses start growing is the most rewarding part of our work.” With a robust selection of products and services, Leo sets customers up for success through tailored lending solutions. Building your own business? Reach out today to see how we can help! 3401 Tamiami Trail North Naples, FL www.wintrustflorida.com
YOUR BUSINESS IS THE FUTURE.
Protect it with business lending. Finance purchases or long-term goals with flexible solutions.
Get up to $250,000 with an Easy Access Line of Credit or Easy Access Term Loan2
1
Plus, ask us about our variety of business checking accounts.
B ANKING C ENTER 3401 Tamiami Trail North | Naples, Florida To see more tools and resources we offer to help you succeed, visit wintrust.com/LendingSolutions.
Wintrust Banking Center is a branch of Lake Forest Bank & Trust Company, N.A. 1. Easy Access Line of Credit. Requires company’s primary checking account to be with the bank. Loan and renewal fees may apply. See the bank for details. Business must be in operation and in business for 12 months or more. 2. Easy Access Term Loan. Requires company’s primary checking account to be with the bank. Business must be in operation and in business for 12 months or more. Subject to underwriting guidelines. See a personal banker for details. 74
G U L F S H O R E B U S I N E S S
SPONSORED CONTENT
___ D E C E M B E R
2 0 2 3
FAMILY-OWNED & OPERATED BUSINESSES DECEMBER 2023
75
FAM ILY-OW N ED & OPE RATE D B USIN E SSE S
SPONSORED CONTENT
5801 Pelican Bay Blvd., Suite 110 Naples, FL 34108 (239) 920.4440 www.MoranWM.com
Moran Wealth Management® Moran Wealth Management® is a leading example of a family business headquartered here in Southwest Florida. At the helm is CEO, Founder, and CIO Tom Moran, whose visionary leadership has been fundamental to Moran Wealth’s success. The firm’s deliberate choice to appoint Don Drury as president is a testament to its commitment to proven experienced leadership, a crucial element of its sustained growth. Complementing this, Tom Moran’s children, Kylen and Patrick, actively participate in the business, melding the firm’s established legacy with a vision for the future. Under Tom Moran’s guidance, Moran Wealth sets itself apart with a dual focus on both asset management and wealth advisory. This strategy ensures a comprehensive and transparent strategy for wealth creation and preservation. Managing assets over $4 billion, the firm is supported by a dedicated team of over 40 professionals. Catering to a varied client base, including individuals, families, corporations, and non-profits, Moran Wealth maintains its stance as a fee-only, fully employee-owned enterprise, ensuring that client interests are always the driving force. With more than a thirty-year legacy, Moran Wealth Management® has become a trusted name in financial services, establishing a benchmark for industry excellence. Moran Wealth Management ®, LLC is a registered investment adviser. For additional information about Moran Wealth Management® , LLC, including its services and fees, request the firm’s disclosure brochure using the contact information above or visit adviserinfo.sec.gov Moran Wealth Management® is a separate entity and not affiliated with any other entity or practice that uses the same name.
76
G U L F S H O R E B U S I N E S S
OUR GUIDANCE. your legacy.
Moran Wealth transforms decades of expertise into lifetimes of trust. We’ll help your family thrive for generations by providing a continuity of guidance you’ve come to respect and rely on.
RESPONSIBLE FOR OVER 4 BILLION DOLLARS
IN CLIENT ASSETS AS OF 9/30/2023
5801 Pelican Bay Boulevard • Suite 110 Naples, FL 34108 • 239.920.4440 • MoranWM.com
Moran Wealth Management®, LLC is a registered investment adviser. For additional information about Moran Wealth Management®, LLC, including its services and fees, request the firm’s disclosure brochure using the contact information above or visit adviserinfo.sec.gov Moran Wealth Management® is a separate entity and not affiliated with any other entity or practice that uses the same name.
FAM ILY-OW N ED & OPE RATE D B USIN E SSE S
SPONSORED CONTENT
The Daubmann Family: MY Shower Door D3 Glass / MY Architectural Glass The Daubmann family moved from Massachusetts to Florida and opened their first frameless shower door showroom in North Naples in September of 2003. Their thought was to start and grow a business in a relatively new niche, frameless shower doors. Since that time, the Daubmanns have expanded the business to 10 Florida showrooms and have plans for more growth in the coming years. They are currently searching for strategic locations across the country. A current area of interest is near Charlotte, North Carolina. Parents Donna and Bill Daubmann work closely with their sons Keith and Doug as they employ nearly 200 staff members throughout the state. That number includes their glass manufacturing facility, D3 Glass, located in South Fort Myers and their MY Architectural Glass division that is focused on high end glass wine cellars, stair railings, and interior glass office partitions. As they look back over the last twenty years, the Daubmanns are grateful for their dedicated team that has helped them gain recognition locally, regionally, and nationally by prestigious publications and organizations. The company and or the Daubmanns individually have won awards such as “Entrepreneur of the Year”, “Innovator of the Year”, “Best Shower Door in the United States”, and have been recognized in Inc. Magazine’s “Top 5,000 Fastest Growing Business in the United States” on multiple occasions. Want to see more? Go to www.myshowerdoor.com 78
G U L F S H O R E B U S I N E S S
FORT MYERS NAPLES SSSSSSSSSSSS SSSSSSSSSSSS
.com CAPE CORAL
S A R A S O TA
P I N E L L A S PA R K
TA M PA
Get an Estimate
ORLANDO
>
DECEMBER 2023
Made in7 9
B O C A R AT O N LIC# SCC131151356
FAM ILY-OW N ED & OPE RATE D B USIN E SSE S
SPONSORED CONTENT
Sunshine Ace Hardware
Nostalgic evolution emphasizes convenience, customer satisfaction. When Don Wynn founded Sunshine Ace Hardware in 1958, customers were treated like family, community was vital and core values were paramount. Fast forward 65 years, and these cornerstones all hold true. Today, Sunshine Ace is among Florida’s largest familyowned home improvement retailers with 12 stores under its umbrella (and more to come). Legacy brands like Benjamin Moore, STIHL and Milwaukee line shelves alongside newcomers Big Green Egg, YETI and Costa. Customers can shop in-store, online or arrange curbside pickup.
Wynn Family Picnic-Cambier Park 1949
So much has changed in 65 years, but Sunshine Ace – with Wynn’s grandson, Michael, at the helm – savors nostalgia while enhancing the customer experience. Sunshine Ace has always been the place with the “helpful hardware folks.” Some things will never change. SunshineAce.com SunshineAce.com
To our community for shopping local. To our customers for investing in us, so we can invest back into our community. To all our outstanding team members who have worked tirelessly during the pandemic and after Hurricane Ian on the frontlines. They have never wavered in their commitment and dedication. Since 1938 the Wynn Family has been serving Southwest Florida.
Thank you for choosing Sunshine Ace!
Downtown Naples | East Naples | Golden Gate | Founders Square | Marco Island | Bonita Springs | San Carlos | Port Charlotte | Largo | Kingsway
Visit us at SunshineAce.com
80
G U L F S H O R E B U S I N E S S
RESNICK-WYNN
FAMILY BUSINESS CONFERENCE
In partnership with
Leading Family Businesses Through Critical Crossroads Thursday, February 29, 2024 9:00 a.m. to 2:00 p.m. at Florida Gulf Coast University Featuring
Jonathan M. Tisch
Loews Corporation, Co-Chairman Loews Hotels & Co., Executive Chairman NY Football Giants, Co-Owner
Elyse Lipman
Lipman Family Farms, Chief Executive Officer
Additional speakers to be announced soon! Sign up now for early bird pricing. For pricing and registration, scan the QR Code below. For more information, complete the interest form: fgcu.edu/familybusinessconference One of our coordinators will contact you. fgcu.edu/familybusinessconference
BILLIE & JOHN RESNICK MICHAEL WYNN Founders Chairman & President Sunshine Ace Hardware The Resnick Group, LLC
FAM ILY-OW N ED & OPE RATE D B USIN E SSE S
SPONSORED CONTENT
For 40 years, Preferred Travel & Company, a family-owned business, has thrived in Naples, FL, and has now extended its presence to Bonita Springs and Ft. Lauderdale. Their commitment to the local community is as enduring as their dedication to exceptional service and expertise. As a trusted choice for travelers, they offer tailored experiences and a
40 Years of Excellence in Naples, FL. We're not just a business; we're a legacy. Discover the expertise that's been serving our Naples community for four decades.
personal touch to cater to your travel needs. Bonita Springs
(239) 261-1177 preferrednaples.com
3960 Via Del Rey Bonita Springs, FL 34135
Naples
5801 Pelican Bay Blvd, Suite 205 Naples, FL 34108
Ft. Lauderdale
12 SE 7th St, Suite 805 Ft. Lauderdale, FL 33316
239.261.1177 www.PreferredNaples.com
Love Your Company? For more information and to nominate please go to
gulfshorebusiness.com/bestplacestowork
REGISTRATION DEADLINE: December 15
HUMAN RESOURCE S
NEWS
ENERGY / FINANCE / CRE / NEW & EXPANDING
E N E R GY
Expanding the Grid
FPL joins the effort to build EV charging
Getty
infrastructure in SWFL p_88 By John Guerra
NEWS
Human Resources
WHEN HR MEETS AI How artificial intelligence is changing Human Resources
The ability of ChatGPT and other comparable forms of generative artificial intelligence, or AI, to create human-like content has stoked fears that such technology might soon replace humans in a number of jobs. However, rather than replacing jobs, artificial intelligence has actually been working via automation or algorithm-based output for human resources professionals—and job hunters—for quite some time. “We help our customers process job applications … all the new-hire paperwork and connect them to payroll. If the manager wants to hire the person, they click one button. And we trigger an email that goes to the new hire,” says Dan Longton, president and CEO of HRgems Inc., dba Trait Set in Fort Myers. “This saves a lot of work for the business, and the applicant ends up getting all their new-hire work online. The manager never has to send in paper copies or sit down and spend 35 minutes with a new hire to complete all the I9s and W4s and sign off on handbooks and policies. The employee basically has to sign those electronically, the manager clicks the button to approve them, and then boom—the person’s hired and [their] information is sent off to the payroll provider.” Though using computer intelligence 84
Getty
By Bill Wasinger
G U L F S H O R E B U S I N E S S
While there are some fears that AI will replace humans in a number of jobs, it is important for job seekers and HR professionals to understand how to use AI to their advantage.
DECEMBER 2023
85
NEWS
to automate time-consuming tasks is nothing new, there’s another element to Longton’s proprietary system that uses a higher level of artificial intelligence to help employers sift through applications and make better hires. “We embed with the application a behavioral-based assessment, which will predict quite accurately if the person has a good work ethic and integrity. [There is] another one for customer service skills and another one for leadership management skills,” Longton says. “We measure traits around leadership and management, so it saves the hiring manager interview time because we’ve automated that. As those are measured, we score them. Then, on the customer’s dashboard, when they look at who’s applied, it ranks these candidates [and shows] who scored higher and lower on the assessment. Then they (the employers) only have to click a button to hire the person.” Aside from saving time for human resources professionals, AI can also help job seekers to enhance and organize their job search, improve their resumes and write better cover letters. But when putting generative AI to work in job search, it’s more important than ever to consider how the applications and resumes will be reviewed. “A lot of organizations are using AI selection systems and applicant tracking systems. To do that initial screening, [candidates] need to think about ‘How can I design my resume so that I can be lifted through that 86
Artificial intelligence has been working via automation or algorithmbased output for human resources professionals for quite some time, but job seekers also can use AI to enhance and organize their job search, improve their resumes and write better cover letters.
G U L F S H O R E B U S I N E S S
Florida Gulf Coast University; Getty
Human Resources
Chrissann Ruehle, provost faculty fellow for artificial intelligence at Florida Gulf Coast University
screening and make it to a human?’” says Chrissann Ruehle, provost faculty fellow for artificial intelligence at Florida Gulf Coast University. “At the same time, they need to make sure that they design their resume for the human that eventually is going to read it. So it’s a complex environment for candidates that are applying for jobs right now.” Finally, for all the concern that employees may one day be hired and fired by bots, Ruehle notes that what artificial intelligence generates is only as good as the input used to create it. However, while there should always be a human element involved in human resources, she also believes it’s important for job seekers and HR professionals to understand how to use AI to their advantage. “In today’s environment, where organizations are focused on efficiency and effectiveness, I believe it’s important that HR managers have some baseline knowledge and expertise when it comes to using generative AI. In the hyper-competitive environment where they’re trying to attract the highest quality candidates to their organization, I think they need to develop expertise in how to use ChatGPT,” Ruehle says. “However, they can’t be entirely reliant on it. There is a place for [artificial intelligence] and/or artificial plus human intelligence, and they need to recognize ‘When should I use ChatGPT or generative AI, and when am I best served—and the organization is best served—by using my human intelligence?’” DECEMBER 2023
87
NEWS
Energy
FPL joins the effort to build EV charging infrastructure in SWFL By John Guerra
In March 2022, Florida Power & Light announced a plan to install more than 1,000 electric vehicle charging stations in Southwest Florida. Gulfshore Business checked in with the company to see how its plans are coming—and if there are any barriers to adoption. There are national companies building charging stations from Fort Myers to Naples, but PricewaterhouseCoopers said local power companies, such as FPL and Duke Energy, are in a unique position to fill the gap between the deployment of EV charging stations and mass EV adoption. According to Crystal Stiles, FPL’s executive director of development for distributed technologies, the utility wants to build out an “extensive public charging network ecosystem” several ways.
88
Approach #1:
One way FPL hopes to build a regional charging infrastructure is by finding businesses and municipalities willing to host an EV charging station. The contract requires a commitment of at least a decade, but the power company builds and maintains the charging stations at “zero cost to the host,” Stiles says. “Any private entity that owns a parking lot can participate in this program; all we need is about four to five parking spaces to accommodate the equipment. We own and operate and maintain all the equipment for 10 years.” The draw for the community: People can spend money during the half-hour or longer it takes to charge the car. Shopping centers and other locations are slowly accepting FPL’s invitation. City Hall in Holmes Beach is host to an FPL charging station with six ports, said City Clerk Stacey Johnston. They were installed two years ago at no cost to the city. “Originally,
they were for employees but residents use them, too,” she says. “They aren’t used a lot, only occasionally.” There apparently is a demand for more charging ports at busier FPL-sponsored sites. The Tarpon Bay Plaza facility, 2433 Tarpon Bay Blvd. in Naples, is an eight-stall, 250kW station next to a Target Supercenter, Petsmart, Starbucks, Ross and other stores. Jennifer C. from Westbury, New York, left a review that reads, “Very busy place at 8 p.m. on a Tuesday as cars were waiting to use the charging stations. Please add more charging stations in this area.” John D. of Titusville says of the Tesla Supercharger station, “Usually 12-18 minutes will give me enough to get home and finish charging overnight or to the next supercharger as needed.” FPL spokesman Jason Lopez said the company has plans to launch charging stations at Paradise Shoppes of Estero, 21740 S. Tamiami Trail, and Alico Commons Dunkin’, 6970 Tamiami Trail, in 2024.
G U L F S H O R E B U S I N E S S
Tesla; Getty
EXPANDING THE GRID
In 2022, Florida Power & Light announced a plan to install more than 1,000 electric vehicle charging stations in Southwest Florida. Its goal is to build an “extensive public charging network ecosystem.”
DECEMBER 2023
89
NEWS
EV Charging
Approach #2:
Another method FPL is taking to expand the EV charging infrastructure is home-charging stations. The installation process, which can take from two to three months, begins when the homeowner applies for a permit for a 240kV electrical connection. Lee County Electric Cooperative, for instance, requires the homeowner to submit an installation survey. Some homeowner associations ban home chargers. EV owners also must pay a licensed electrician to install the chargers, which cost between $350 and $800 uninstalled. FPL offers to pull the permit, hire the electrician, provide the charger and do all the work for the homeowner. The program offers unlimited off-peak charging on weeknights and weekends for $38 a month, which includes the permit fees, Stiles said. There are barriers to adoption there, too: FPL limits its home EV charger installation to homes with attached garages, she said. “In a garage, you have connectivity close to the breaker panel,” she says. “You also need to have a strong Wi-Fi signal, because the farther away the garage is from the home, the less reliable the WiFi signal.”
The third method is convincing enterprises to adopt electric vehicle fleets and building an EV charging infrastructure. For example, FPL has installed public charging stations at the regional offices of the 90
FPL is offering home-charging station installation, where it does all the work for the homeowner and offers unlimited off-peak charging on weeknights and weekends for $38 a month, which includes permit fees.
G U L F S H O R E B U S I N E S S
Tesla; Getty
Approach #3:
South Florida Water Management District and Florida Department of Transportation in Fort Myers. So far, the company has signed up 2,000 home EV customers along Florida’s east coast and parts of Southwest Florida, and has built out more than 130 charging ports across 25 EV stations in Naples, Venice and other Gulf Coast communities.
Adoption and adaptation
Electric cars and trucks are not for everyone. The cars are expensive, and several people still aren’t convinced they can find a place to charge their cars on long trips. According to a recent Autolist survey, 46% of those earning less than $30,000 a year say EVs’ upfront costs are a major hurdle to ownership. Although EV car sales have slowed along the Gulf Coast, that is considered a temporary condition. According to sales data from Experian Automotive AutoCount, Southwest Florida consumers bought only 74 of the vehicles in 2018, but the number rose to 3,649 just four years later. The same data also showed that one-third of 3,104 buyers of EVs said the town or area where they live had no place to charge their vehicles. That’s the point, Stiles said. “We are looking to install Level 3 fastcharging stations for the public so they can get from Naples to Fort Myers and home again easily,” she says. “This new technology requires charging stations in a variety of locations.” DECEMBER 2023
91
NEWS
Finance THE TIPPING POINT Consumers battle high prices, gratuity guilt as tipping expectations escalate
They say if you can’t afford to tip, don’t go to a restaurant. But when one is prompted to tip 18% or more for a morning latte, counter-service lunch, drivers and more, the cost of going out can leave customers feeling fatigued, confused and pressured to dole out more money to minimum-wage workers than they used to. “Some of the causes for this are really increased inflation and companies not being able to increase wages, so they pass that onus onto the consumer to increase wages through tipping,” says Meagan Baskin, director at Southwest Florida Leadership Institute and associate professor of management at Florida Gulf Coast University’s Lutgert College of Business. Many of these businesses use kiosks and portable credit card readers with suggested tip options, from 18% to 25%, rather than leaving the choice completely up to customers. 92
“There’s plenty of literature that says people will go up to the suggested amount in tipping,” says Amir B. Ferreira Neto, director of the Regional Economic Research Institute at FGCU. The Bottom Line, a publication by point-of-sale software Square, notes that consumers are likelier to tip if they have to press “no tip” to not. Consumers can feel guilt-tripped, but Maria Joyce, executive director of The Protocol School of Naples, suggests it’s deeper than that. “Even though we are burdened by this guilt tipping and the expense of it, what is really bothering us is we’re feeling cheated that we have to pay up for service that we’re not receiving,” she says. “I don’t want to feel the pressure of having to tip somebody for service I’m not receiving or is substandard.” Joyce said being deliberate about where one is spending their dollar can make giving
G U L F S H O R E B U S I N E S S
Getty
By Melanie Pagan
Expectations when it comes to tipping have been changing, and one reason for this is increased inflation. Some businesses can’t afford to increase wages, so they pass that responsibility onto the consumer through tipping.
DECEMBER 2023
93
NEWS
tips feel more comfortable and intentional. “Let’s try to be diligent, strategic and selective. Don’t return to a business where you feel uncomfortable tipping for no service at all,” Joyce says. “[People] shouldn’t be in a business that they note from the door they’re not going to get the service they’re entitled to.” A pleasant experience goes both ways, she adds. “Always be polite, and always go in with your smile and try to build a relationship, because if you’re putting your best foot forward, and generally when you smile and talk to people, they can’t resist but to give it back to you.” Tipping also tells service-industry workers how a customer feels about their work. “Sometimes, you get in your head if you’ve done a service that’s $300 to $400, and they don’t tip,” Emily Hart, co-owner of Salon Adrian, says. “We try not to take it personally because we don’t understand everybody’s financial position. It’s appreciated but never expected, and if it’s outside their budget, I don’t want them to feel obligated.” 94
Many businesses use kiosks and portable credit card readers that make suggested tip options when settling the bill. It has been reported that consumers are likelier to tip if they have to press “no tip” to not leave a tip.
G U L F S H O R E B U S I N E S S
Getty
Finance
Managing tipping and inflation Don’t expect costs to come down anytime soon, said Amir B. Ferreira Neto, director of the Regional Economic Research Institute at FGCU. “We live in a world where prices are higher, and the only way we’ll have it go down is if we have a deflation, and that would be a sign of lack of economic growth, so that’s not something we really want to see,” Neto says. “Consumer spending continues to be strong
throughout this inflationary period, so tipping continues to be a strong part of the economy.” If businesses were to cut out tipping, we may see even higher costs. “We’ve seen some businesses that won’t allow for tipping, but they pay higher wages. So, they increase the price of the goods to account for that additional cost of what was first passed onto the consumer,” Neto adds. Doing things differently can be difficult.
“First, we would have to see a change in business behavior, but people would also have to change their mindset. Many still have a tipping culture of wanting to leave a tip because [someone] did an excellent job, so that would have to change, and changing norms is really hard.”
Hart said she makes 25%-30% tips on average, 5%-10% higher now that the company uses Tippy, a tipping software separate from the salon’s point-ofsale system that directly deposits tips to a stylist of the customer’s choosing. “We are trending higher with the tips since we’ve used the Tippy system,” which suggested tip percentages, she adds. “Nobody likes to do the math when you’re standing there.” Baskin said customers could find it helpful if more companies increased transparency of where electronic tips are going, especially regarding counter service. “I think it’s extremely unethical for companies to use tipping to offset or subsidize the cost of employee wages. It should all go directly to the employees because that’s the intent of tipping,” she says. Still, customers should not be pressured to tip, she added. And when one is not sure whether to tip, Baskin suggests asking, “‘What is the service I’m receiving, and does it necessitate tipping?’ When there is no service being received, I don’t think there’s a tip that’s necessary.” DECEMBER 2023
95
NEWS
Commercial Real Estate By Adam Regan
COLLIER COUNTY
LGMAC2 LLC purchased 8,216 square feet of office space at 10001 Tamiami Trail N. in North Naples from Brown & Nelson LLC for $2,975,000. David J. Stevens, CCIM, of Investment Properties Corp. represented the seller, and Michael Maurer of William Raveis Real Estate represented the buyer. KMB Holdings LLC purchased 4.8 acres of agricultural land at 183 Price St. in East Naples for $1.7 million. Corrie Gates of SVN Commercial Partners represented the buyer, and Paul Tateo of Horizon Companies represented the seller. 96
LEE COUNTY
Seagate Development Group purchased Red Coconut RV Park at 211 Donora Blvd., 2943, 2932 and 3001 Estero Blvd. on Fort Myers Beach from TFM of SWFL, Red Coconut RV Park LLP for $52 million. Justin Thibaut, CCIM, and Alexis North, CCIM, of LSI Companies Inc. represented the buyer, and Matt Simmons of Maxwell, Hendry & Simmons LLC represented the seller. Harry Chapin Food Bank of Southwest Florida Inc. purchased a 16.8acre vacant commercial/ industrial parcel of land at state Road 82 and Ortiz Avenue in Fort Myers from Fort Myers Gateway Commercial Real Estate Development LLC for $7.9 million. Lane Bay of Cushman & Wakefield Commercial Property Southwest Florida represented the seller. Radian Management Inc. purchased 8.34 acres in Alico Trade Center at Alico Trade Center
Road, Lot 2, in south Fort Myers from Three Oaks 59 LLC for $5,269,678. Adam Bornhorst, Derek Bornhorst, SIOR, CCIM, Bob Johnston, SIOR, and Jerry Messonnier, SIOR, of Lee & Associates NaplesFort Myers represented the seller, and Chase Mayhugh, SIOR, CCIM, and Justin Ankney, CCIM, of Mayhugh Commercial Advisers represented the buyer. R72 Davenport LLC purchased an 18,000-square-foot industrial building at 1681 and 1687 Benchmark Ave. in Fort Myers from K.P. Properties of Florida LLC for $2,848,700. Pam Wittenauer-Bratton,
G U L F S H O R E B U S I N E S S
CCIM, SFR, with RE/MAX Realty Group—Commercial Division represented the seller, and Kevin Lynch with Cushman & Wakefield Commercial Property Southwest Florida represented the buyer. ITEC F Realty LLC purchased 3.86 acres of vacant land at Innovation Lane, Tract F, in Fort Myers from Jaifer Zabala for $2.2 million. Christine McManus, CCIM, SIOR, of Investment Properties Corp. represented the buyer and seller. 9726 Bonita Beach Land LLC purchased 4.3 acres at 9726 Bonita Beach Road in Bonita Springs from
WINK News
Collier Health Services Inc. purchased 15,000 square feet of medical office space at 1845 Veterans Park Drive in North Naples from 1845 Veterans Park Drive LLC for $6.65 million. Clint L. Sherwood, CCIM, of Investment Properties Corp. represented the buyer, and Bill Young and Biagio Bernardo of Lee & Associates Naples-Fort Myers represented the seller.
1660 Trade Center Way LLC purchased 7,142 square feet of office space at 1660 Trade Center Way in North Naples from Pelconcepts Inc. for $2.1 million. Clint L. Sherwood, CCIM, of Investment Properties Corp. represented the seller, and Shawn Stoneburner of Cushman & Wakefield Commercial Property Southwest Florida represented the buyer.
Pauline Dougherty Trust for $1.8 million. Thomas Webb, CCIM, MSRE, and Michael Mahan of Lee & Associates Naples-Fort Myers represented the buyer and seller. Big Horn Equity LLC purchased a 6,203-squarefoot professional office at 3602-3608 Colonial Court in Fort Myers from Consolidated Citrus Limited Partnership for $1.65 million. Hunter Ward, CCIM, and William Rollins, CCIM, ALC, of LSI Companies Inc. represented the seller, and Mike Trivett of Fischler
Property Company Inc. represented the buyer. Mario’s Painting of South Florida Inc. purchased 9.71 acres at 18031-18041 state Road 31 in North Fort Myers from Michael A. Coburn, Kathleen C. Coburn and Stephen L. Gilbert for $900,000. Michael J. Frye, CCIM, with RE/MAX Realty Group and Frye Commercial Group— Commercial Division represented the seller, and Jeff Forsythe, CCIM, with Lee & Associates NaplesFort Myers represented the buyer.
Two Point Zero LLC purchased an 86-acre heritage farm and a 6,231-square-foot farmto-table restaurant at 8250 Nalle Grade Road in North Fort Myers from 19870 Woodbridge LLC for $3,319,000. William Rollins, CCIM, ALC, and Hunter Ward, CCIM, of LSI Companies Inc. represented the buyer and seller.
DECEMBER 2023
97
NEWS
New & Expanding By Adam Regan
COLLIER COUNTY
Naples Vacations LLC leased 2,895 square feet of office space at 868 102nd Ave. N., suites 201 and 202, in Naples from Naples Dental Specialists LLC. Rob Carroll, CCIM, MAI, and Lauren A. Griswold of Investment Properties Corp. represented the lessor, and Matt Bianchini of Downing Frye Realty represented the lessee.
98
United Uniforms USA Inc. leased 2,010 square feet of retail space at 2700 Immokalee Road, Suite 7, in North Naples from Mt. Ridge Realty Associates LLC. Rob Carroll, CCIM, MAI, and Tara L. Stokes of Investment Properties Corp. represented the lessor and lessee. HRI AC & Gas Services LLC leased 1,989 square feet of commercial space at 2277 Trade Center Way, Suite 201, in North Naples from Estra Naples LLC. Shawn McManus of Investment Properties Corp. represented the lessor and lessee. Asbel Team LLC leased 718 square feet of office space at 1020 Eighth Ave. S., Suite 4, in Naples from Wety Holdings LLC. Rob Carroll, CCIM, of Investment Properties Corp. represented the lessor, and Brian Asbel of Premiere Plus Realty represented the lessee.
LEE COUNTY
BrandSafway Solutions LLC leased 1.5 acres of land at 1693 Baseline Court in Fort Myers from Lowmic 1693 LLC. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield Commercial Property Southwest Florida represented the lessee. Utilities One Inc. leased 25,600 square feet of parking area and 1,920 square feet of office/ storage/shop space at 27871 Industrial St. in
G U L F S H O R E B U S I N E S S
Bonita Springs from The Bond Group LLC. Christine McManus, CCIM, SIOR, of Investment Properties Corp. represented the lessor and lessee. Brown & Brown of Florida Inc. leased 8,450 square feet of office space at 9617 Gulf Research Lane, Suite 202, in Fort Myers from Jonathan M. Frantz, M.D., P.A. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield Commercial
Premier Commercial Inc.; WINK News
Philips Feldman Group P.A. leased a 3,793-square-foot office in the SunTrust building, 801 Laurel Oaks Drive, suites 302 and 303, in North Naples from American National Insurance Co. Thomas Webb, CCIM, MSRE, and Michael Mahan of Lee & Associates Naples-Fort Myers represented the lessor and the lessee.
Property Southwest Florida represented the lessor and lessee.
Advanced Retina Institute LLC
leased a 2,836-squarefoot space at DaVinci Center, 28901 Trails Edge Blvd., suites 201 and 202, in Bonita Springs from DaVinci Realty LLC. Matt Stepan, CCIM, of Premier Commercial Inc. represented the lessor and lessee.
Pinnacle Health Specialists LLC
leased 3,648 square feet of medical office space at 800 Goodlette-Frank Road N., suites 130 and 135, in Naples from Healthcare Realty Services LLC. Gary Tasman and Vanessa Tyler of Cushman & Wakefield Commercial Property Southwest Florida represented the lessor and lessee.
Patlin LLC leased 2,240 square feet of industrial space at 16150 Lee Road, Suite 140, in Fort Myers from SFG ISF Fort Myers Lee LLC. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield Commercial Property Southwest Florida represented the lessor and lessee. Uncledonsbeer LLC leased 1,500 square feet of commercial space
at 28731 South Cargo Court, Suite 4, in Bonita Springs from Cargo Court LLC. Shawn McManus of Investment Properties Corp. represented the lessor and lessee. Whyte’s Flooring Inc. leased 586 square feet of retail space at 15301 McGregor Blvd., Unit 4, in Fort Myers from 15301 Investments LLC. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield Commercial Property Southwest Florida represented the lessor and lessee.
HORSEPOWER
after hours
WELLNESS / GUEST LIST / BACKSTORY
WELLNESS
Life With Anxiety Understanding is key to managing
Getty
neurological imbalances p_105 By James Raia
Horsepower AFTER HOURS
L’ESPRIT DE L’ESCALADE Cadillac’s SUV combines prestige, power … and price By James Raia
cles may be sold in the United States this year, which would be a first. However, that’s still a small percentage of total sales, with one reason being the loyalty for large, powerful, fuel-guzzling SUVs including the Escalade. Named after a French term translated to suggest “climb or scale a fortified wall,” the Escalade is part of the segment that also includes the Lincoln Navigator, Ford Expedition, GMC Yukon and half a dozen others. In 2021, the debut of the current generation, and last year, sales of the Esca-
Facts & Figures Acceleration:
0-60 mph, 4.4 seconds
Airbags: 8 Fuel economy:
11 mpg city; 16 mpg hwy
Horsepower: 682 Manufacturer’s Suggested Retail Price: $149,195 Price as tested: :
$154,865
Manufacturer’s website: cadillac.com Warranty:
Bumper to Bumper, 4 years/50,000 miles; Powertrain, 6 years/70,000 miles; Corrosion, 6 years/100,000 miles; Roadside Assistance, 6 years/70,000 miles
Cadillac
There was a time when the epitome of success for many automobile consumers was ownership of a Cadillac Eldorado or a Cadillac DeVille. The former was a luxury coupe that lasted 50 years and 12 generations from its 1952 debut. The DeVille, a full-size luxury sedan, lasted 46 years and eight generations until its 2005 demise. The brand has evolved with smaller, non-landyacht offerings—though the Cadillac Escalade is an exception. The 2024 model marks the enormous sport utility vehicle’s 25th year. The auto industry as a whole is steadily addressing environmental concerns. One million electric vehi-
lade were nearly identical, just surpassing 40,000—the best numbers in the vehicle’s tenure. The 2024 model is nearly identical to the 2023 model, which marked the debut of the V trim. It’s Cadillac’s version of doubling down. Minus the V, the Escalade trims include a 6.2-liter V8 with 420 horsepower and rear-wheel drive. Optional are a six-speed diesel and four-wheel drive. For power gluttons, the V includes a 6.2-liter V8 with nearly 700 horsepower and a specialized all-wheel-drive system. All Escalade trims feature 10-speed automatic transmissions. Despite its more than 6,200-pound massiveness, the Escalade V advances from 0 to 60 mph in less than five seconds, and features six-piston Brembo front brakes and an exhaust note sure to wake up nearby neighbors. Is the sound of a muscle car a coveted quality in a three-row luxury SUV? It must be a logical
102
G U L F S H O R E B U S I N E S S
progression for behemoth vehicle enthusiasts. On a positive note, the Escalade’s comfort, quality craftsmanship and lengthy feature list must
also account for much of the vehicle’s popularity. Its high-quality leather seating and trim and its high-positioned seating for eight make the SUV an uber-lux-
urious beast powering down the open road. Super Cruise, the semi-autonomous driving system, allows for handsfree driving and auto-
matic lane changes. It’s a $2,500 option. In case a symphony is desired on the highway, the SUV is offered with a top-line choice: a 36-speaker AKG
Design. Culture. Values.
A New Era of Design We are a multi-dimensional studio of creatives that span planning, architecture, and interiors, proudly serving Florida for 40 years and beyond. Advancing Today, Shaping Tomorrow, and Owning Our Future. Orlando | Southwest Florida | Sarasota
DECEMBER 2023
103
AFTER HOURS
Studio Reference system. For additional necessities, there’s an optional $700 refrigerator/freezer unit on the console. The extensive list of standard convenience features includes a blind spot system, power panoramic sunroof, surround-view camera, adaptive cruise control, remote engine start, parking sensors and multizone climate control. Despite their size and weight, the second and third-row seats
maneuver easily and open up a vast storage cavern. The popularity of SUVs remains on the upswing, with Cadillac’s in line with the other largest offerings in the segment. With all of its wonders, the Escalade
V is a prime choice, but only if its two major issues aren’t issues for potential owners. With its options and taxes factored in, the price is as massive as the vehicle. Gas mileage averages are abysmal.
Cadillac enthusiasts may well rejoice regardless. The Escalade has a 25year legacy, and the V trim will likely only enhance the brand’s reputation. It’s still about prestige, not dollars and sense.
N
999 Vanderbilt Beach Road, Suite 200 | Naples, Florida 34108 239-325-1800 uhy-us.com 104
G U L F S H O R E B U S I N E S S
O
W
IN
N
A
PL
ES
Cadillac
Horsepower
Wellness AFTER HOURS
Anxiety is not a sign of weakness, but a feeling of worry, fear or nervousness about a certain situation or event, and can be an abrupt reaction to stress.
LIFE WITH ANXIETY Understanding is key to managing neurological imbalances
Getty
By James Raia
The kitchen window in my mother’s home sometimes affords views of hummingbirds and baby quail. It’s also where the uneasy feeling of heavy weights on my shoulders and the pain of a washcloth being squeezed in my stomach first occurred. Two friends had recently died. My wife was enduring a stressful situation at her workplace that affected
her health. My then 80-year-old mother was recovering from a broken hip and needed help getting in and out of bed. A few times, while visiting her or at my home, and seemingly with no reason or warning, I began to shake and cry uncontrollably. A visit to my primary care physician was scheduled, but he was on vacation, and I visited instead with the chair of the department. We’d never met, but less than 30 seconds into our conversation, she stopped me and said no further explanation was necessary. What I was experiencing was situational anxiety. I couldn’t accept a discussion of stress management classes and possible medication until the physician explained that anxiety is not a sign of weakness. Rather, it’s a feeling of worry, fear or nervousness about a certain situation or event, and can be an abrupt reaction to stress. An DECEMBER 2023
105
AFTER HOURS
Wellness anxiety attack may feel like a sudden feeling of fear without any threat. According to Counseling of Southwest Florida, in Fort Myers and Naples, “anxiety disorders can cause various issues including sadness, low motivation and substance abuse, and can leave individuals unable to maintain normal activities and relationships.” Common symptoms, the organization notes, include “sweating, muscle tension, increased heart rate, upset stomach and shortness of breath … with varying severity. Therapy often includes medication, cognitive behavioral therapy and lifestyle changes for successful recovery.” The physician who explained my situation used an analogy geared toward
a layperson experiencing situational anxiety for the first time. She asked if I played sports in my youth. When I replied yes, she asked what happened when I fell. My response was that I got up and started playing again. Returning to play at life as an adult often doesn’t occur as quickly. The physician detailed the connection between serotonin and anxiety and how levels of serotonin, a chemical messenger that helps brain and nervous system cells communicate, stabilizes mood and contributes to regulating the digestive system and sleep cycles. When a person is frequently anxious, the brain begins to produce excess fear-related neurotransmitters, such as adrenaline, while reducing the production of serotonin. The brain creates
more receptors to handle excess fear neurotransmitters and reduces the amount of serotonin receptors. Two long-time friends have also experienced anxiety in life-changing moments. We shared our respective circumstances one night at dinner several years ago. One friend’s wife died suddenly at age 47 and later experienced discomfort similar to my anxiety symptoms; the other friend escaped a natural disaster minutes before many people died. Within a few weeks, he’d lost all his body hair. During our dinner conversation, I shared that my physician had prescribed a low daily dose of Citalopram (brand name Celexa). It rebalances chemicals in the brain, such as serotonin, that are imbalanced in people
With a strong business education, Lutgert grad Thor Parrish flexed his entreprenurial muscle to help community members get fit.
Thor Parrish, ‘19
CEO/Owner Junior Golf Performance Academy in Naples FL / Thunder Performance in Fort Myers
Getty
Our business is your success.
Learn more at fgcu.edu/YourSuccess
Local Resources Blue Zones Project 311 9th St. N., Naples paradisecoast.com; bluezonesprojectswfl@sharecare.com; 239.624.2312 Clarity Counseling of Southwest Florida Multiple locations claritycounselingswfl.com; claire@claritycounselingswfl.com; 941.500.4201 Counseling of Southwest Florida 2345 Stanford Court, Ste. 601, Naples counselingswfl.com; 239.775.0039
Counseling of Southwest Florida 12811 Kenwood Lane, Suite 203, Fort Myers counselingswfl.com; 239.775.0039 Solutions Counseling of Southwest Florida 1620 Medical Lane, Fort Myers npiprofile.com; 239.895.4472 The Mental Health Association of Southwest Florida 2335 9th St. N., Naples mhaswfl.org; 239.261.5405
Physicians’ recommendations for anxiety disorders may vary, but regular fitness, relaxation techniques, support groups and volunteer work can assist in mental well-being. 12480 Danny McDonald 6.815x4.6875 .pdf
1
10/27/23
12:36 PM
diagnosed with anxiety. My friends had already been prescribed the same medication, and we all agreed that the drug greatly helped. Anxiety, of course, is experienced in many ways and with varying degrees of severity. It can be a contributing factor in depression, but the two mood disorders are not mutually inclusive. Physicians’ recommendations for anxiety disorders also vary, but one common theme is that the effects of stress and anxiety can be helped by lifestyle choices and guidelines. Regular fitness or other activities, from running to gardening and singing to yoga, can help to support mental health and boost a sense of well-being. Relaxation techniques, such as deep breathing, meditation and aromatherapy, may help reduce stress and anxiety. Support groups and volunteer work assist in mental well-being. What I also know now, after years of thinking otherwise, is that anxiety is not a weakness or a reason for shame.
Our dedicated SBA Lending team can help your business grow. As an SBA Preferred Lender, we are able to offer better terms and competitive rates using a streamlined loan approval process to get you answers faster. Benefit from unparalleled local service and support. •Quick decision making •Personalized service •Exceptional member experience To learn more contact Danny Mcdonald SBA Lender (727) 465-4629 Daniel.Mcdonald@LMCU.org
NLMS #294467
Guest List AFTER HOURS
1.
40 UNDER 40 HOSTED AT HYATT REGENCY COCONUT POINT RESORT AND SPA BY GULFSHORE BUSINESS Photography by AP Alexander
108
G U L F S H O R E B U S I N E S S
1. Jorge and Gisselle Calleja, Andrea and Christian Galt, Alister and Ana Munro, Leyna and Joey Rock, Adam Boole 2. Bridget Paterno, Nathalie White, Ekta Desai 3. Angela Kunkle, Angela Bell 4. Kaleena Figaro, L.A. DeRiggi, Borana Lacquaniti 5. Chris Cifatte, Corey Lazar, Lindsey Sablan
3.
2.
4.
5.
DECEMBER 2023
109
AFTER HOURS
Guest List
2.
1.
3.
4.
1. Tom Garrett, Francesca and Roseann Callahan, Callhan and James Soldavini, Meghan and Stephen Ruffino 2. Missy Lamont, Colleen Cornwall 3. Naomi Rothring, Shanna Davies 4. Jaime Zabala Jr. and Jaime Zabala Sr. 5. Dee Dee Kvassay, Melissa Delaney, Kristine Dunn 6. Madison Smith, Sarah Zaiser-Kelly, Jane Gray 7. Emily Budd-Schepperly, Jessica Manchette, Emily Malinosky, Jessica Perez, Barbara Evans, James Michaud, Yuliana Lara, Eliza Torres
6.
5.
7.
DECEMBER 2023
111
AFTER HOURS
Backstory
THE RACING BUG Necessity was the mother of this fun SWFL invention
Swamp buggy races have been a quirky Southwest Florida tradition for decades. But their origins were less playful—the funky-looking vehicles came about as a necessity for Florida life. About 100 years ago, Southwest Florida was largely swampy with boggy marshes and dense forests. Getting around wasn’t exactly easy. Ed Frank came to Bonita Springs from the West Coast, and brought along a buggy called Skeeter that he had built out of junk Model T parts when he was 19 years old. He eventually settled in Naples, starting a garage 112
on Fifth Avenue South. Skeeter was originally designed to scale Californian mountains, and Frank started tinkering to make it more accommodating to Florida swamps. He eventually built the Tumble Bug, what’s now considered the first official swamp buggy, with huge tires that could take on the muddiest of bogs. It proved perfect for hunting expeditions deep into the Everglades. As years went by, the popularity of the buggies grew, with mechanics and farmers (and even Florida police departments) building their own from scrapped parts from tractors, trucks
G U L F S H O R E B U S I N E S S
or whatever else that could be of use. After World War II, the tinkerers got their hands on surplus airplane tires and Jeep parts, and the race to make the best buggy was on. Frank and his Naples buddies started to have informal races in the fall before hunting season started. In 1949, the first Swamp Buggy Races event was held in Naples. After decades of development, the practicality of the swamp buggy may have faded—but its legend lives on. The 2024 Swamp Buggy Racing season kicks off Dec. 2 at Florida Sports Park in East Naples.
Collier County Museums
By Justin Paprocki
Know-how that says no challenge is too big.
Our commercial bankers are game changers with credit
Commercial & Specialty Lending
facilities to meet top-tier capital needs. But, we also bring
Treasury Management
market-specific know-how and local decisioning. So, your project gets a hometown – and home team – advantage. Bryan Simmering
David Gordley
Ft. Myers Market President
Naples Market President
239-403-5117
239-403-6672
©2023 First Horizon Bank. Member FDIC.
Commercial Real Estate
Let’s find a way.
firsthorizon.com/capital
A Legacy of Strength and Stability
For more than a century, Commerce Trust has been a leading provider of investment management, financial planning, trust and private banking services. Our clients benefit from the insight gained by our experience administering over $61 billion in total client assets through all market cycles.1
VISIT COMMERCETRUSTCOMPANY.COM TO LEARN MORE ABOUT OUR APPROACH TO HELPING ENSURE YOUR LONG-TERM SUCCESS.
commercetrustcompany.com 1
Based on assets under administration (AUA) as of September 30, 2023.
Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
Commerce Trust is a division of Commerce Bank.