Monthly Archives: January 2022

Cheney Brothers distribution center receives site plan approval

Cheney Brothers distribution center receives site plan approval

 

Cheney Bros Promo

Rendering of the first phase of Cheney Brothers Port St. Lucie distribution center.

 

Cheney Brothers, Inc. received site plan approval from the Port St. Lucie City Council on Jan. 24 for the first phase of what is ultimately planned to be a 522,527-square-foot distribution center and food service warehouse in Legacy Park at Tradition.

The first phase of the family-owned Florida broadline food distributor’s facility will be a 327,427-square-foot warehouse with refrigeration and freezer space, test kitchen, ancillary offices, loading docks and a fueling station. At completion, this phase of the $65 million project will bring at least 275 jobs to the city with wages that are 150% of the average earnings per worker in St. Lucie County. 

The new distribution center will be constructed on 53 acres fronting Interstate 95, located north of the  FedEx Ground sortation center. When completed, the facility will service the restaurants, clubs and hotels in the region, and provide a safety net for supplies, if needed, when hurricanes strike, said Cheney Brothers Director of Development Warren Newell.

Newell said he expects the company to break ground on the project during the first quarter of 2022, with completion anticipated in 14 months. 

“We are very excited (for the groundbreaking) as it goes to the future of economic development in the jobs corridor, providing very important jobs our citizens want and need,” said Port St. Lucie Mayor Shannon Martin.

“We mentioned 275 jobs; the reality is when we finish and get fully operational, we expect that number to go much, much higher,” Newell said.  He also said a number of current Cheney Brothers employees who live in Port St. Lucie and work at the company’s Riviera Beach location were looking forward to working closer to home once the facility in Tradition opens. 

“It is extremely gratifying to have a prominent South Florida based company like Cheney Brothers choose to expand to Port St. Lucie,” said Jill Marasa, vice president business retention and expansion for the Economic Development Council of St. Lucie County (EDC).  “With more than 60% of St. Lucie County’s workforce commuting outside the county every day, having the opportunity to help bring more than 275 great jobs here is a huge win for the city, the county and the EDC.”

Headquartered in West Palm Beach, Cheney Brothers was founded in 1925 and is now in its fourth generation of family operation. The company’s sales currently exceed $2.5 billion across the southeast United States. 

 

About the Economic Development Council of St. Lucie County

The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community.  The EDC works in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic quality of life.  Contact the EDC at 772.336.6250 or www.youredc.com

 

About Cheney Brothers, Inc.

Founded in West Palm Beach in 1925, Cheney Brothers is a Florida-based, family-owned and operated food service company. With annual sales exceeding $2.5 billion, Cheney Brothers is one of the fastest growing broadline food distributors in the U.S.  The company operates 16 various facilities across Florida, Georgia, and North Carolina, and also distributes internationally to more than 100 countries. For more information and available positions, visit www.cheneybrothers.com.

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected] [email protected] 

 

Jan. 31, 2022|

The Veteran Collaborative Announces the Creation of the Veteran Loan Fund

The Veteran Collaborative Announces the Creation of the Veteran Loan Fund

Group of twelve Community Development Financial Institutions, with Bank of America as lead investor, honor our nation’s veterans

 

BOA LogoThe Veteran Loan Fund aims to fill the financial and training gap that underserved veterans face when building a small business. This fund includes a network of veteran service organizations focused on technical assistance and formal business coaching coupled with a network of twelve specialized capital providers, Community Development Financial Institutions (CDFIs). Eligible Veterans benefit from free business coaching and loans with interest rates of 10% or less.

It has been demonstrated that veterans returning to civil life have a high preference for independence and entrepreneurship but lack access to capital, formal business training and a network of peers. The Veteran Collaborative, now rebranded Veteran Loan Fund, was born in 2017 as an effort to consolidate best business practices to engage with and support veteran entrepreneurs.

“Veterans make great entrepreneurs. As a veteran, it is an honor to launch the Veteran Loan Fund to provide the capital and resources that they need to start and grow their small business. In doing so, we are helping them attain the American Dream.” says Grant Bennett, director of Veteran Programs and operating manager of the Veteran Loan Fund.

Specialized technical assistance partners include Bunker Labs, Vet Met, Vet to CEO, as well as local partnerships with Veteran Business Outreach Centers, SCORE and SBDCs. The full list of member CDFI’s of this nationwide collaboration are, Access to Capital For Entrepreneurs (GA), Black Business Investment Fund (FLA), Business Impact Northwest (WA, OR), Colorado Enterprise Fund (CO), Dream Spring (NM), Economic and Community Development Institute (OH), Pathway Lending (TN, AL, KY), PeopleFund - managing member (TX), Pursuit - formerly Excelsior Growth Fund (NJ, NY, PA), and Wisconsin Women Business Initiative Corporation (WI).

The Veteran Loan Fund’s first $15 million round is made possible by a $5 million commitment of long-term, below market rate lending capital from Bank of America as lead investor, along with historic support from other major institutions. The fund plans to grow to $100 million within five years, an amount equal to the estimated annual demand for capital from Veteran entrepreneurs that do not receive any kind of funding for their businesses.

“The flow of capital has a significant role to play in advancing opportunities for veterans,” said Dan Letendre, CDFI Lending and Investing executive at Bank of America. “By investing in the Veteran Loan Fund, we can help bring untapped potential among our local veteran entrepreneurs to the forefront and help to drive innovation, expanding job growth and creating generational wealth across our communities.”

For more information, please visit https://www.vet.loan.

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected] [email protected] 

Jan. 31, 2022|

Bank of America Awards $250,000 Grant to Indian River State College

Bank of America Awards $250,000 Grant to Indian River State College

 

BOA LogoBank of America announced a $250,000 grant to Indian River State College (IRSC) in support of the development and programming at IRSC’s Eastman Advanced Workforce Training Complex. The purpose-built facility, scheduled for a 2023 opening, will link advanced technology and leading-edge industry training in specialized technical career fields, such as advanced manufacturing, automotive, aviation and marine technology, welding, and more.
 
Since 1960, IRSC has offered high-skill and career-training programs to meet the ever-changing workforce needs of Indian River, Martin, Okeechobee and St. Lucie counties. IRSC's programs nurture industrial advancement while extending long-term economic opportunity to Treasure Coast residents by creating a dynamic workforce pipeline designed to propel regional growth and support business expansion. The state-of-the-art, 60,000-square-foot facility will be equipped with the technology and tools needed to prepare local students for high-demand, high-paying jobs.
 
“Bank of America’s investment in Indian River State College will establish the Bank of America Welding—Metal Joining Lab, a critical component of the forthcoming Eastman Advanced Workforce Training Complex,” says Michael Hageloh, interim vice president for Advancement. “The grant will help IRSC transform and expand the learning environment for our students by providing the latest technology—updated equipment, virtual reality welding machines, and more—to develop their skills and become workforce ready.”
 
Bank of America is a longtime partner of IRSC as part of its commitment to fostering economic growth in the community by supporting organizations that help businesses and individuals achieve financial stability. The bank recently provided additional funding to strengthen the Florida Small Business Development Center (FSBDC) at IRSC, which offers business consulting services to qualified and emerging businesses.
 
“We partner with nonprofits that mentor, educate and train today’s youth because solid work experience and skills are critical in promoting self-sufficiency and economic opportunity for local individuals and families,” said Doug Sherman, president, Bank of America Treasure Coast. “We look forward to seeing how the new IRSC Complex prepares the next generation of diverse talent to address ongoing labor shortages and empower tomorrow’s workforce for high-demand careers.”
 
Bank of America

At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected] [email protected] 

Jan. 31, 2022|

Amazon announces third facility in St. Lucie County 

Amazon announces third facility in St. Lucie County 

 

Legacy Park Rendering

A 220,000-square-foot Amazon delivery station will be built in Legacy Park at Tradition.

 

Amazon will be opening a 220,000-square-foot facility, its third St. Lucie County facility, in Port St. Lucie.

Amazon will operate a delivery station to be constructed in Legacy Park at Tradition and plans to hire 200 full-time workers to prepare customer orders for last-mile delivery within 45 miles of the facility. 

The Sansone Group is the project developer. Threecore has been selected as general contractor for the single-story, 44-foot-tall building. The project’s site plan was approved by the Port St. Lucie City Council in May under the code name “Project Senior.” Construction is projected to be complete by September 2022.

“Sansone Group is very pleased to be developing this state-of-the-art building for a first-class tenant. Amazon is an outstanding anchor tenant for Legacy Park’s five million square feet of Class A industrial space,” said Nicholas Sansone, principal of the Sansone Group. “We are proud to be able to contribute to the creation of 200 jobs and prosperity to Port St Lucie.”

“Amazon is excited to expand operations in St. Lucie County, investing in a new delivery station in Port St. Lucie,” said Sam Blatt, economic development manager for Amazon. “We are committed to providing efficient delivery for customers and creating hundreds of jobs for the talented workforce in the area.”

Amazon will join FedEx Ground, Cheney Brothers and others at Legacy Park, located just off Becker Road at exit 114 on Interstate 95. FedEx Ground will open its new 245,000-square-foot sortation center this month. Once completed, Legacy Park will include a total of approximately 5.4 million square feet of single and multi-tenant class-A, institutional quality light industrial and distribution facilities.

"I am delighted that Amazon is adding to its already substantial investment in the city of Port St. Lucie with this last-mile delivery station. Just a few months ago we celebrated the news that Amazon had chosen our city for a regional fulfillment center with jobs for 500 residents, now we can add another 200 full-time jobs to that number," said Port St. Lucie Mayor Shannon Martin. 

Nationwide, Amazon offers a starting wage of $15 per hour and provides comprehensive benefits starting day one on the job. The company also offers an innovative Career Choice program which pays 95% of tuition and fees (up to a yearly maximum) towards a certificate or diploma in qualified fields of study, leading to in-demand jobs.

While the delivery station will have 200 Amazon employees, opportunities will also be available with the company’s delivery service partners, independent businesses which partner with Amazon for package delivery.  

The Economic Development Council of St. Lucie County (EDC) assisted with expedited site plan review and master site plan approval in 57 days. Commercial real estate broker Robert Smith of CBRE worked with the Sansone Group to bring Amazon to Legacy Park.

“Amazon opened its first facility in St. Lucie County in 2019, and now, just over two years later, we are welcoming our third location for the second largest company in the U.S.,” said EDC President Pete Tesch. “Commerce parks coming on line in Port St. Lucie and St. Lucie County are ideally located for logistics and distribution needs. The EDC, our county and our cities are committed to bringing new jobs here so the 60% of the county’s workers who out-commute each day can find work here at home.”

Amazon is not receiving any financial, tax or job performance incentives. Once the project is completed, the value of the property and equipment invested will generate full tax revenue for the city, county, schools, fire district, South Florida Water Management District, Children’s Services Council, Florida Inland Navigation District, and help pay down the debt for the Crosstown Parkway.

 

About the Economic Development Council of St. Lucie County

The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community.  The EDC works in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic quality of life.  Contact the EDC at 772.336.6250 or www.youredc.com. 

 

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s most customer-centric company, Earth’s best employer, and Earth’s safest place to work. Customer reviews, 1-click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

 

About Sansone Group

Sansone Group is a family-owned and operated national commercial real estate firm headquartered in St. Louis with six offices across the US. The firm specializes in development, facility management, and brokerage services in commercial and residential sectors. Sansone Group is committed to providing superior and comprehensive commercial real estate services for every customer through teamwork, creativity, hard work, faith, and professionalism. The company was founded in 1957 by Anthony F. Sansone Sr. and is now led by four of his sons as principals of the firm – James, Timothy, Douglas and Nicholas. Contact the Sansone Group at 314.727.6664 or www.sansonegroup.com. 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected]com [email protected] 

 

Jan. 31, 2022|

Florida SBDC IRSC holds Digital Marketing Bootcamp

Florida SBDC IRSC holds Digital Marketing Bootcamp

 

The Florida Small Business Development Center (SBDC) at Indian River State College (IRSC) is conducting a pilot for their Digital Marketing Bootcamp kicking off on Monday, January 31, 2022 at 8 a.m. on the IRSC Pruitt Campus in St. Lucie West.  

This is a three-day program offered to participants at no-cost. The class will take place on three Mondays starting January 31 2022 and runs up until Monday, February 14 2022. The FSBDC at IRSC does plan to bring this program to other counties throughout 2022.

This program is designed for Treasure Coast business owners, entrepreneurs, marketing students and others wanting to strengthen their digital marketing strategy. The focus will be on creating a positive digital presence on social media and establishing a digital marketing strategy. 

In this course participants will learn: 

  • What a buyer’s persona is and how you can create one for your service or product
  • Drafting a marketing plan 
  • Implementing your marketing plan on social media 
  • Defining your target market 
  • Tailoring your marketing message
  • Creating a call to action
    & more!

To register or inquire about this program please visit: https://zfg6frxnxio.typeform.com/to/adtKTaog?typeform-source=www.canva.com 

These courses will be facilitated by FSBDC at IRSC Digital Media Consultant, Leanna Haag, who earned her Bachelors of Science & Administration with an emphasis in Marketing at the University of Central Florida. She garnered valuable marketing experience working for such corporations as Jeppesen and Allstate Insurance, primarily working in the roles of Marketing Coordinator to develop and execute tactical marketing plans at the regional and national level. With a desire to become an entrepreneur, Leanna started See Level Marketing in 2009 to service local businesses on the Treasure Coast struggling to manage their online presence. She has had the privilege to work with businesses of all types, including local government, to improve their search engine ranking with website development and search engine optimization, internet advertising, email marketing, online directories and development of tactical internet marketing plans. She is proud to recently take on the role of Digital Consultant with the FSBDC to begin the recovery process for local businesses from the COVID-19 pandemic.

Contact your local Florida SBDC at IRSC at [email protected] or call (772) 336-6285 with questions regarding this program and others.

 

DMB Logo

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected]com  [email protected]

Jan. 25, 2022|

Bloomberg Terminals come to IRSC

IRSC Business and Finance Students Gain Edge with Addition of Bloomberg Terminals

 

Students studying at Indian River State College now have access to the platform used by the world’s leading banks, corporations and government agencies to view real-time global financial data, news feeds and messages. The College has installed 12 Bloomberg Terminals, providing students with unparalleled coverage of markets and securities with information across asset classes—from fixed income to equities, foreign exchange, commodities and derivatives.

IRSC’s implementation of the Bloomberg Terminals brings the real world of business and finance into the classroom. IRSC is one of more than 1,000 academic institutions globally—but the only one on Florida’s Treasure Coast—to integrate Bloomberg into the curriculum for its business and finance degree programs. The new IRSC Bloomberg Financial Lab will also be used for financial literacy programs and Bloomberg certification courses, which the College expects to begin later this year.

“The opportunity to bring Bloomberg to our students provides an unparalleled resource in developing valuable financial and analytic skills that will differentiate and improve their competitiveness in the job market,” explains Dr. Prashanth Pilly, Dean of the IRSC Business Division. “Integrating classroom teaching with the real-world data, news and analytics available on the Terminal better prepares our students for futures in the business and finance industries.”

IRSC’s subscriptions to the Bloomberg Terminal will serve as a resource for both students and professors. It will enable students to become familiar with tools used in financial services, reinforcing classroom theory, while professors can use it to further their research.

“When a student comes to IRSC, they can expect a best-in-class education, and our Bloomberg Finance Lab is another example of the outstanding resources that are freely available to them,” shares IRSC President Dr. Timothy Moore. “At IRSC, students from every academic discipline have the opportunity to sharpen their financial literacy to help them succeed personally and professionally.”

Students of varying levels and study areas can familiarize themselves with the fundamentals of finance through the lens of the Terminal by taking Bloomberg Market Concepts (BMC). Upon completing BMC’s Core Concepts modules, learners receive a certificate of completion that can be added to their LinkedIn profiles and resumes to show their knowledge of both the markets and the Terminal.

A ribbon-cutting for the new Bloomberg Finance Lab is scheduled for Wednesday, February 23, at 10:00 a.m. in the Brown Center for Innovation & Entrepreneurship.

 

Bloomberg at IRSC

 

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected]com  [email protected]

Jan. 25, 2022|

Martin County Business Accelerator Program Returns

Martin County Business Accelerator Program Returns

 

BAP Logo

 

The Business ACCELERATOR Program (BAP) provides business counseling, technical assistance and training for small business owners, and the opportunity to attain an allocation of grant funding for small business growth.  The purpose of the BAP is to enhance entrepreneurial skills and activities, create jobs and assist in the expansion and growth of our existing business community.

Applications must be received by February 4 for 50% savings on Program Fee.

How to apply?

  • The business must be in Martin County and hold a current Martin County Business Tax Receipt
  • Complete the Business Accelerator Program online application found below. (no fee to apply)
  • Upon your acceptance, Pay the $250 Program Fee.
    For Early Registration: $125 Program Fee (Early Registration Fee Ends February 4)
  • Applicants will be notified of acceptance into the program via email from Program Coordinator.

What if I am accepted into the program?

  • If accepted into the program, participants will be required to attend ALL the ACCELERATOR business training program classes, except for emergencies or previous communication with the organizers.
  • The program consists of one (1) weeknight class for 3 hours for a duration of 10 weeks.
  • The first 9 classes will be held at Comfort Suites in the Sailfish Meeting Room.
  • The last class (week 10), is the Grant Presentations and will be held at Indian River state College at the Chastain Campus in Stuart.
  • Applicant who are accepted into the program will be notified via email along with the REGISTRATION form for Program Fee.
    • The Program Fee for EARLY Registration is $125 – Deadline for Early Registration Fee is February 4.
    • Regular Program Fee is $250 – Last day to Register is February 11.
  • The New Cohort for Spring 2022 BAP will be announced February 14.
  • Participants who successfully complete the program will be eligible to apply for a MICRO GRANT through the ACCELERATOR program.

Questions? Contact Jaymie Sardo, Program Coordinator at 772.221.1380 or [email protected]

Learn more and submit your application by visiting the Martin County Business Development Board website.

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected]com  [email protected]

Jan. 25, 2022|

St. Lucie School receives FPL STEM Classroom Makeover

St. Lucie School receives FPL STEM Classroom Makeover

 

FPL Logo

Florida Power & Light Company (FPL) announced the names of the inaugural five schools in Florida to receive a Classroom Makeover Grant as part of a $2 million, 4-year commitment from its charitable arm, the NextEra Energy Foundation, to advance STEM curriculum, increase the exposure of Black students to STEM education and jumpstart students’ interest in STEM careers.

Each year through 2024, five schools will be selected in FPL’s service area to receive the $50,000 grant. The grants are intended to provide transformational learning opportunities for Black students in classroom settings, as all recipient schools are comprised of at least 25% Black students. The Classroom Makeover Grant program directly addresses needs in infrastructure, technology or resources (i.e., software, equipment, books, training of teachers, tutors, paraprofessionals).

“Our STEM Classroom Makeover Grant allows us to invest in our next generation to help provide transformational learning opportunities for Black students in a STEM classroom setting,” said Pamela Rauch, vice president of external affairs and economic development for FPL. “We are excited that these projects will be one of the first, as we complete our inaugural year of implementing this grant, which allows us to support both educators and students, our next generation of leaders.”

More than 30 Florida schools applied in the program’s inaugural year for the grant. FPL’s five classroom makeover grant recipients in Florida for 2022 are:

  • Cypress Run Education Center School: An alternative school in Broward County, this school plans to invest in a multimedia technology lab, web design programs, TV production arrangements, coding software, robotics education and Microsoft certifications.
  • Dan McCarty Middle School: This historic school in St. Lucie County seeks to fill technology gaps through touch panel screens, furniture, STEM lab equipment, mathematics manipulatives and robotics education.
  • Dr. Mary McLeod Bethune Elementary School: At this Palm Beach County school, this grant will be used toward a variety of professional education resources, including computers, robot lab packs, aerodynamics sets and renewable energy education kits.
  • J.H. Workman Middle School: In Escambia County, this school is home to a unique pipeline program that leads students to George Stone Technical College. With the grant, the school intends to implement a one-of-a-kind aviation program.
  • Rutherford High School: This school in Bay County saw significant impacts during Hurricane Michael and plans to continue recovery using the grant through investment in tablets and 3D printers, among other materials for students.

“As a Title 1 school with a 98% Black population, we are committed to providing children of color with vast learning opportunities and exposure to STEM education and careers,” said Katrina W. Granger, principal of Dr. Mary McLeod Bethune Elementary School. “We are so appreciative of FPL’s commitment to diversity in STEM which has made the vision of a hardworking and inspiring STEM educator with big dreams, Tracey Howard, come to fruition. This grant will support both Mrs. Howard and her scholars achieve their greatest dreams.”

The makeovers must be complete by Sept. 1, 2022. This grant is open to all public, private and charter schools and all grade levels in FPL’s service area in Florida. Grants are also available through the program to schools in areas served by FPL’s sister company NextEra Energy Resources. As with all foundation grants, no customer dollars are involved.

For more information on the Classroom Makeover Grant and how to apply for 2023 grants, visit FPL.com/Education.

Florida Power & Light Company
Florida Power & Light Company is the largest vertically integrated rate-regulated electric utility in the U.S. as measured by retail electricity produced and sold. The company serves more than 5.6 million customer accounts supporting more than 11 million residents across Florida with clean, reliable and affordable electricity. FPL operates one of the cleanest power generation fleets in the U.S and in 2021 won the ReliabilityOne® National Reliability Excellence Award for the sixth time in the last seven years. The company received the top ranking in the southern U.S. among large electric providers, according to J.D. Power’s 2021 Electric Utility Residential Customer Satisfaction StudySM and 2021 Electric Utility Business Customer Satisfaction StudySM. The company was also recognized in 2020 as one of the most trusted U.S. electric utilities by Escalent for the seventh consecutive year. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity.  NextEra Energy is ranked No. 1 in the electric and gas utilities industry in Fortune’s 2021 list of “World’s Most Admired Companies” and recognized on Fortune’s 2021 list of companies that “Change the World.” NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected]com  [email protected] 

Jan. 25, 2022|

Stonemont Launches Construction for Industrial Development

Stonemont Launches Construction for Major Spec Industrial Development on Florida’s Treasure Coast

 

 

Sronemont Financial Group

 

 

Stonemont Financial Group, a private real estate investment firm specializing in industrial development and net lease assets, announced Monday  that it has broken ground on a new two-building, 1.3-million-square-foot speculative industrial development adjacent to Interstate 95 in Fort Pierce, Florida. The project reflects surging real estate demand from e-commerce users and third-party logistics providers in one of the state’s fastest growing areas.

Known as South Florida Logistics Center 95, the park is expected to lure tenants from nearby Palm Beach and Broward counties due to competitive rent rates, a cheaper cost of living for workers and a world-class logistics and transportation network that places users within three hours of 70% of the state’s population. The Class A development is located at the intersection of South Kings Highway and Orange Avenue and consists of one cross-dock facility totaling 1.1 million square feet with a 40’ clear height, along with a rear-load facility totaling 202,400 square feet with a 32’ clear height. The site and buildings are being developed with functional, state-of-the-art features tailored for users in the e-commerce and 3PL arenas.

There has been a shortage of modern industrial development in St. Lucie County compared to neighboring areas, creating an ultra-tight market for bulk distribution space amid a wave of tenants entering or expanding their footprint in the area Construction at South Florida Logistics Center 95 is now underway, with the project expected to deliver in Q4 2022. The project marks Stonemont’s initial venture in the South Florida region, with the firm already active in Jacksonville, Orlando, Lakeland and Tampa.

“The location of this development provides an immediate competitive advantage for e-commerce providers and other logistics operators who have to meet growing consumer demand for rapid delivery,” said Zack Markwell, managing principal and CEO at Stonemont Financial Group. “Our team is already fielding a number of inquiries from prospective users who not only need to be within close range of South Florida’s booming population but can also have better proximity further north to the ports in Jacksonville and Savannah. The business-friendly environment and cost-of-living advantages offered by St. Lucie County are an additional bonus, and we thank the EDC for their partnership in transforming our vision into reality.”

“With 62% of our workforce commuting outside the county each day for work, Stonemont Financial Group’s investment in St. Lucie County will not only help make hundreds of jobs available for our residents, having these jobs close to home will deliver the biggest benefit of all – time. Time for parents to be active in their children’s schools, time for family dinners, time to enjoy all the leisure activities our county has to offer, time for working men and women to be active in their communities,” said St. Lucie County Commission Chairman Sean Mitchell.

“The location of this Class A facility is ideal not only for the ultimate end-users but also for residents of Fort Pierce and northern St. Lucie County who are seeking career opportunities with good pay and benefits,” said Pete Tesch, president of the Economic Development Council of St. Lucie County. “It is gratifying to see that top-tier companies like Stonemont have discovered our county’s ready workforce, great location and outstanding quality of life.”

Stonemont’s ability to source and capitalize on premium speculative development opportunities in markets with high barriers to entry have enabled the firm to grow its industrial portfolio exponentially over the last 24 months, with 15 million square feet of Class A product currently under construction. Headquartered in Atlanta, Stonemont recently opened new office locations in Charlotte, Chicago and Dallas. The firm currently has nearly 4 million square feet of new industrial space under construction across the state of Florida.

JLL is overseeing leasing for the project. Spaces from 50,000 to 1.1 million square feet are available for lease.

According to a recent report from the National Association of Realtors, the Port St. Lucie metro area ranked among the nation’s top ten strongest commercial real estate markets as affordable home prices and job growth continue to drive new migration to the region. Industrial land costs have clocked in as low as $1.50 per square foot, more than four times cheaper compared to current rates

About Stonemont Financial Group
Stonemont Financial Group specializes in investing across a broad spectrum of real estate asset classes and geographies to deliver attractive risk-adjusted returns. Stonemont offers diversified and differentiated real estate investment strategies and vehicles to institutions, family offices, trusts and high net-worth individuals. The firm’s founders and managing principals have a combined track record of more than 60 years’ experience and $20 billion invested.

About Economic Development Council of St. Lucie County
The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community. The EDC works in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic quality of life. Contact the EDC at 772.336.6250 or www.youredc.com.

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected]com  [email protected]
Jan. 25, 2022|

Sanjiv Tewari, MD, Joins Cleveland Clinic Indian River Hospital

Pulmonologist and Critical Care Specialist Sanjiv Tewari, MD, Joins Cleveland Clinic Indian River Hospital

 

 

Sanjiv Tewari, MD, Medical Director of Critical Care at Cleveland Clinic Indian River Hospital

Cleveland Clinic Indian River Hospital welcomed Sanjiv Tewari, MD, as the Medical Director of Critical Care. Dr. Tewari completed his medical degree at the University of Alberta, residency in internal medicine at Summa Health System in Akron, and a pulmonary and critical care fellowship at Cleveland Clinic in Ohio.  He is board certified in pulmonary disease, critical care medicine, neurocritical care and sleep medicine.

 
Dr. Tewari has served on multiple boards and committees and has contributed to numerous research publications, book chapters and presentations.  He has been an active educator and has academic appointments at NEOMED and at the Cleveland Clinic Lerner College of Medicine.
 
Dr. Tewari is a member of multiple professional societies including the American College of Chest Physicians, the Society of Critical Care Medicine and the American Thoracic Society. He has completed his Masters of Studies of Law recently and is a member of the American Bar Association.
 
Prior to leaving Cleveland Clinic Akron General in Ohio, Dr. Tewari served as the Department Chair of Internal Medicine for many years and he was the South Region Director for the Respiratory Institute at Cleveland Clinic. In addition to English, Dr. Tewari is also fluent in French, Hindi and Sindhi.
 
Dr. Tewari sees patients on a referral basis at Cleveland Clinic Indian River Hospital.
 
About Cleveland Clinic Indian River Hospital
Cleveland Clinic Indian River Hospital is a 332-bed, not for profit hospital offering comprehensive medical services to the Treasure Coast community. The Welsh Heart Center, Scully-Welsh Cancer Center and Scully Endoscopy Center offer full-service programs and a multidisciplinary approach. Healthcare professionals represent specialties including orthopaedic services, minimally invasive vascular surgery, neurosurgery, stroke services, robotic surgery, a state-of-the-art wound healing center, bariatric surgery and the only maternity wing in the community. The hospital features all private rooms and is the largest private-sector employer in Indian River County. Learn more at ccirh.org

Treasure Coast Business is a news service and magazine published in print, via e-newsletter, and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected]com [email protected] 
Jan. 17, 2022|