EVOLVE Business and Professional Magazine August 2018 | Page 17

County—and therefore, a significant part of the area’s growth story. CTO estimates the majority of transactions under contract will close in the next few years, which will lead to a healthy increase in new single family and multi-family residential housing options, new shopping and dining venues, and new career opportunities with growing businesses like Brown & Brown, TopBuild, Teledyne Technologies, B. Braun and Costa Del Mar. These new developments are critical in positioning Daytona Beach to attract and retain families, as well as prospective employers and employees. ICI-Mosaic Development CTO’s new direction is changing the future of Daytona Beach. As of June 2018, the company has approximately 77 percent of its remaining land holdings of approximately 5,600 acres under contract to sell to various buyers. These buyers, who are mostly developers, will become investors in Daytona Beach and Volusia Since 2012, soon after John Albright took the helm as President and CEO of CTO, the company has sold around 2,685 acres of land that has either been developed or is slated for future development. These buyers will likely have invested more than $1.5 billion in developments, including the completion of the 630,000-square-foot Trader Joe’s distribution center; the 350,000-square-foot Tanger Outlets; Getting to know you and what you care most about — planning for college, taking care of an elder family member, passing a legacy to future generations, buying a second home — is so important. Once we understand your priorities, together, we can help you pursue the goals you’ve set for yourself and your family. Call to learn more today. Life happens. And you want to be ready when it does. Let us help you take care of what matters most Lucas D. Haber, CFP ® Managing Director Senior Resident Director Portfolio Manager NMLS#: 521574 386.274.3033 [email protected] Merrill Lynch 1616 Concierge Boulevard Suite #201 Daytona Beach, FL 32117 fa.ml.com/coughlinhaber Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer and Member SIPC, and other subsidiaries of Bank of America Corporation. Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value The Bull Symbol and Merrill Lynch are trademarks of Bank of America Corporation. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the U.S. © 2018 Bank of America Corporation. All rights reserved. | ARWGB3P5 | AD-06-18-0575 | 471089PM-0118 | 06/2018 AUGUST 2018 | 17 |