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
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© 2018 Bank of America Corporation. All rights reserved. | ARWGB3P5 | AD-06-18-0575 | 471089PM-0118 | 06/2018
AUGUST 2018 | 17 |