University of Central Florida (UCF) approved for Sanford Burnham asset takeover

 

Good morning, Orlando.

The University of Central Florida  () took one step closer to taking over the Sanford Burnham Prebys Medical Discovery Institute’s assets in Lake Nona’s .

The public research university got unanimous approval during the Aug. 20 Orlando City Council meeting to take over the 175,000-square-foot facility. The Orange County Board of County Commissioners and the UCF board of trustees next need to sign off on the agreements, both expected to happen on Aug. 21. The Sanford Burnham board approved the exchange Aug. 14. according to Sanford Burnham spokeswoman Susan Gammon.

UCF would close the deal on Aug. 27, with Sanford Burnham occupying the building until Nov. 30 in accordance with a lease agreement separate from the funding partners, according to Gammon. The city had presented a timeline during its meeting where UCF would close on the facility by Sept. 1. The university would begin conducting research there by March 1, 2019.

The proposed deal would have UCF paying Orange County, the city, and Lake Nona Land Co. LLC, an entity of Development Co., a total of $50 million over a period not to exceed 30 years, according to city documents. The university is set to pay $2 million per year over the first 20 years to the three funding partners proportionally to their involvement and $1 million per year over the last 10 years.

The center will create 302 high-wage jobs, with salaries ranging from $60,000 to $600,000, and has the potential to retain some Sanford Burnham researchers.

In 2006, the state approved more than $155 million to incentivize the Sanford Burnham institute’s expansion to Florida and required a match by local partners at least equal to that amount, making the total economic package in excess of $300 million committed by Orange County, the city of Orlando and Lake Nona Land Co. Lake Nona developer Tavistock Group had committed $17.6 million as part of the deal, plus 12 acres.

The institute promised to create 303 jobs by the 10th year of operation. But since then, the facility has struggled as federal research grants became scarcer in recent years. By year 10, the institute had created 87 percent of the jobs it had promised.

Sanford Burnham announced in February it would return $12.3 million in state funds before it vacated the facility. Sanford Burnham previously told Orlando Business Journal the $12.3 million is comprised of $10.8 million of unused equipment funds in Sanford Burnham’s possession and $1.5 million in a state escrow account.

Planned $40M Oviedo ‘medical city’ delays groundbreaking.

A planned “medical city” project in by Adventus Oviedo that was set to break ground this summer now has to wait a few more months.

Winter Springs-based Aventus Health LLC, an owner of labs, pharmacies, and medical facilities, originally planned to break ground this summer on a $40 million, a 150,000-square-foot project called Aventus MedCi. The project, which will be built directly behind the Oviedo on the Park mixed-use development on about 7 acres on the west side of Oviedo Boulevard, needs to get more permits before the official groundbreaking, according to a statement issued by CEO Oliver Dawoud to OBJ.

The firm will apply for those remaining permits by the end of September. Aventus previously secured a vertical construction permit from the city of Oviedo in early April and had received conditional approval six months before that.

The goal is to have the official groundbreaking in late November, with the completion date being set once the groundbreaking is finalized. Previous estimates set the project as a two-year undertaking.

Aventus MedCi’s first phase will feature a 60,000-square-foot medical building and a 31,000-square-foot, 1.5-level parking garage. Phase 2 will add a 40,000-square-foot medical building and another 3.5 levels to the parking garage, according to city documents. Besides Adventus’s administration offices and the health care team, the building also will house an urgent care clinic, a surgery center, a clinical research center, advanced diagnostic imaging, a pharmacy and a laboratory.

Winter Springs-based American Civil Engineering Co. is the project engineer/consultant, Atlanta-based ASD | SKY is the architect and Charles Perry Partners Inc. of Gainesville is the general contractor.

The project previously was hailed as a major economic driver for the area. It is estimated to create more than 500-600 jobs upon completion and help the city overcome its reputation as just being a residential area, according to Oviedo Mayor Dominic Persampiere.

Other medical growth also is headed to the area. For example,  Hospital announced plans to build a freestanding emergency room in Oviedo set to break ground in October. That project has an estimated completed date of third-quarter 2019.

By   – Staff Writer, Orlando Business Journal

Cinépolis USA will open a nine-screen, 40,000-square-foot cinema in 2020 in the town center

 

 

Theatre

A Dallas-based cinema has pressed play on a new theater in the $780 million Town Center, one of the biggest developments underway in southeast .

Cinépolis USA will open a nine-screen, 40,000-square-foot cinema in 2020 in the town center, according to Tavistock Development Co. LLC. Orlando-based  currently is working on the town center’s $300 million second phase.

It’s the second Cinépolis in Central after the company opened a theater in Winter Garden earlier this month.

Ticket prices typically range from $10-$18 for adults and $8-$14 for children.

Outside of Cinépolis, Lake Nona Town Center’s second phase also will feature a brewery, comedy club and live performance venue, bowling concept, a 215-room luxury hotel and more than 80 restaurants and shops.

“Cinépolis is the entertainment centerpiece for the next phase of the Lake Nona Town Center,” Jim Zboril, president of Tavistock Development Co., said in a prepared statement. “The theater experience is exceptional and epitomizes the quality guests can expect when visiting the town center.

About 37 major retailers are interested in opening shops inside the development. Those retailers range from American Eagle Outfitters (NYSE: AEO) to Dick’s Sporting Goods (NYSE: DKS). Tavistock hasn’t confirmed any of the potential retailers as tenants.

Retail interest in Lake Nona shouldn’t be a surprise since population growth — as evidenced by home sales — drives retail. Lake Nona notched the No. 15 spot among the nation’s top-selling master-planned communities with 523 home sales in 2017, John Burns Real Estate Consulting reported.

In addition, Lake Nona’s daytime population continues to grow with its 650-acre life sciences hub and future developments such as New York-based audit giant KPMG LLP’s $430 million, 55-acre training facility being built on Lake Nona Boulevard, and the teaching hospital being built by University of Central Florida-Hospital Corp. of America (NYSE: HCA).

Residents in Lake Nona often have higher wages and live in pricier than the average Orlando resident. Lake Nona household income was $143,500 in 2017, nearly three times Orange County’s average household income of $49,391, according to Orange County Property Appraiser Rick Singh. And that is attractive to major retailers.

“The market as a whole in Lake Nona has only gotten better and continues to get better,” retail expert Jorge Rodriguez, executive managing director in Central Florida of Colliers International

Orlando nightclub company is opening a ‘very different’ concept downtown

 

Nightclub History-The worst fire in Orlando’s history broke out on Jan. 12, 1884, destroying a newspaper along with grocery, millinery and drug stores.

In the disaster’s wake, a Rollins College chemist named Norman Robinson set out to create a fireproof building. It wasn’t a bad idea. The city of Orlando didn’t have a fire department at the time and wouldn’t organize one until the following year. Robinson created concrete blocks at his laboratory near Park Lake, which might have been used in the construction in 1884 of 63 E. Pine St., according to city records.

Team Market Group LLC — which operates nightlife venues such as Tier Nightclub and Mathers Social Gathering — plans to open The Robinson Cocktail Room on the top floor of 63. E. Pine St. It’s the latest concept for the growing company, which announced in June it was expanding into Jacksonville with a new Mathers.

 

 

 

Norman Robinson’s quest for invention and discovery is what inspired us to want to evolve the Robinson Building into a venue featuring an innovative and progressive cocktail program and culinary approach that we hope would have made Norman proud,” said Keith Mawardi, who founded Team Market Group in 2006 with his brother, Romi Mawardi.

Amazon delivers up hiring events for Lake Nona fulfillment center

By   – Staff Writer, Journal
 Updated 

Amazon.com Inc. (Nasdaq: AMZN) on Aug. 10 kicked off mass efforts to hire more than 1,500 workers at its new $132 million fulfillment center.

The Seattle-based e-commerce giant wants to fill full- and part-time positions for its 2.3 million-square-foot, four-story Amazon Robotics fulfillment center in southwest Orlando. Amazon will host hiring events between Aug. 10-23 at the Hilton Garden Inn at 7300 Augusta National Drive near Orlando International Airport.

Prospective candidates will be seen by appointment only will be hired on the spot during the event. Appointments can be set up one online on the company’s Amazon Delivers job website, as there will be no walk-ins. Those interested in mobile phone updates also can text MCONOW to 77088. Benefits will include health care coverage starting on Day 1, up to 20 weeks paid parental leave, 401(k) and company stock awards; shift schedules will vary.

Amazon previously announced it will hire up to 1,500 people for the Lake Nona center and has the potential to hire up to 2,500 during the holiday season. It has more than 125,000 full-time associates at more than 100 fulfillment centers across North America.

Meanwhile, Amazon’s fulfillment center is part of a boom in major development in the southeast Orlando’s Lake Nona. Audit giant KPMG LLC is underway on a $450 million training complex and the U.S. Tennis Association, which already built its $100 million National Campus in Lake Nona, wants to expand. And Lake Nona developer Group has kicked off early work on the next $300 million phase of the Lake Nona Town Center, which reportedly is attracting plenty of major retailer interest.

Lake Nona has more than 11,000 residents, 5,000 employees at its 650-acre life sciences hub and about 11,000 students at its schools — including the University of Central College of Medicine.

“Having Amazon involved certainly makes industrial — which hasn’t always risen to the top — more interesting,” John Pottinger, commercial development director for Lake Nona developer Tavistock Development Co. LLC, previously told Orlando Business Journal. “This sophisticated fulfillment center routinely will employ more than 1,000 people day in and day out … and will impact Lake Nona and Orlando’s jobs, retail and housing. It fits nicely into our overall plans and ambitions for Lake Nona.”

Step inside the KPMG’s $450M training center in Lake Nona

It’s best to use a golf cart to motor around New York-based KPMG LLP’s future 780,000-square-foot Lake Nona campus.

The titanic Learning, Development & Innovation Center at Lake Nona — spreading out over 55 acres — already towers above the tree line despite still being built in the fast-growing southeast Orlando community. The $450 million project, perhaps the most significant in Lake Nona, is so large that 250,000 cubic yards of dirt were moved during early site work — enough to fill 76 Olympic-sized swimming pools.

The structure, which when completed will bring about 800 KPMG staffers on-site per week for training, topped out Aug. 8 after breaking ground in May 2017. Before the ceremony, Orlando Journal stepped inside the unfinished building to take look at its development.

Workers are sprinting toward a late 2019 completion, as the training center is expected to open in January 2020. See the photo gallery for a closer look.

Most of the building’s skeleton has been erected, and future spaces have started to take shape. Rows of classrooms with 14-foot-tall ceilings are visible in addition to most of the 800 single-occupancy guest rooms and other learning and innovation spaces. A trip down unfinished halls reveals multiple, two-story communal lounges, which are aimed at fostering collaboration among the trainees. Most spaces around the facility encourage socializing. For example, KPMG workers won’t have access to refrigerators in their room, in the hopes that they’ll mingle in shared space

A look at accounting giant’s $430 million training center that will bring 40,000 company visitors each year.

Inside KMPG Training facility

Outside of training and socializing, the building also will feature eating spaces, like a pizza/pasta station and a wine bar. The facility will house a 15,000-square-foot fitness center in addition to a bevy of outdoor spaces.

is expected to start soon on a town hall center that can seat about 1,000 people and can be further subdivided for smaller events. A separate 15,000-square-foot social venue/pub also has yet to start construction.

From the top floors, Lake Nona can be seen above the trees and a crescent shape to one side of the facility offers views of nature behind the back of the facility.

Despite being so large, the site will hold about 350 parking spots, since most of the people parking will be staff. Shuttles will eventually run employees between the training center and nearby Orlando International Airport.

“Building on our culture of continuous learning and our nationally recognized learning and development program, the new facility will integrate leading-edge design and technology to help prepare our professionals to deliver new business models and breakthrough solutions for our clients,” KPMG CFO David Turner said in a prepared statement. “This project represents a significant investment in our exceptional professionals and the future of our firm.”

“Dog Friendly” Orlando is a city for pets

 This is “possibly” the best news ever: The City Beautiful is a pet paradise, according to a new study.

Orlando was ranked as the second-most pet-friendly city in the country behind Scottsdale, Ariz., according to a newWalletHub study.

In 2017, Americans spent $69.51 billion in total U.S. pet industry expenditures and are expected to spend $72.13 billion in 2018, according to the American Pet Products Association.

In total, 60.2 million American had a dog in 2017, while 47.1 million Americans homes had a cat, according to American Pet Products Association pet owners survey. Americans own 89.7 million dogs and 94.2 million cats nationwide.

In Central , several businesses are barking up the right tree and making a lot of money in the pet industry.

Take one of Orlando Business Journal’s Fast 50 companies, Woof Gang Bakery Inc. The firm, known for its gourmet doggy treats and natural pet foods, raked in $47.4 million last year, up 117.8 percent from $21.8 million in 2015. Woof Gang CEO Paul Allen previously told OBJ that he wants to grow his pet-centric bakery from 100 stores to 500 in the future by offering a variety of pet services in the shops.

In order to determine which cities were the best — and worst — for pet friendliness, WalletHub analyzed 24 key factors to determine which locations were “purr-fect” for pets. Check out how stacked up in these key areas:

  • Dog friendly restaurants: No. 1 
  • Veterinarians per capita: No. 3
  • Pet businesses per capita: No. 8
  • Dog friendly shops per capita: No. 10 
  • Minimum pet-care provider rate per visit: No. 10
  • Animal shelters per capita: No. 15
  • Animal trainers per capita: No. 25
  • Weather: No. 28
  • Strength of animal protection laws: No. 39
  • Walk score: No. 50

Best cities for career opportunities

7 Things to know today

By   – Editor, Orlando Business Journal

Good morning, Orlando!

If you’re looking for a city offering low unemployment, affordable homes, and high pay, then you need to head to Ames, Iowa, according to a new study from SmartAsset.

For its fourth annual study, SmartAsset ranked 355 cities on metrics that included a change in total employment, median income, annual housing costs and career support such as counselors and higher education teachers.

Utah claimed two spots among the top 10 cities because of affordability and job opportunities. Included in the top 10 were Provo, Utah, Pocatello, Idaho, Greeley, Colo., Huntsville, Ala., Logan, Utah, Lafayette, Ind., Wausau, Wis., Spartanburg, S.C., and Dayton, Ohio. Alas, Orlando didn’t make the top of the list.

And be sure to check out these other Monday headlines:

South Florida developer aims for new Orlando development

A Miami-based developer is squaring up a new development on a former golf course near Mall at Millenia into nearly 1,000 condo or multifamily units along with commercial retail space. More here.

Space Coast Launch Services LLC lays off 102 positions

Space Coast Launch Services LLC will shed 102 jobs from its location at Patrick Air Force Base. All layoffs will happen on Sept. 30, according to a Worker Adjustment and Retraining Notification filed on July 26. More here.

Of the 10 best cities to raise a family, nine were either in the Midwest or the South, which was due largely to lower mortgage expenses for homeowners, shorter commutes, strong local economic conditions, and lower infant care costs. Meanwhile, Orlando ranked as the 44th best place to raise a family. See the full study here.

NASA names first astronauts for SpaceX, Boeing space station missions

NASA has revealed the nine astronauts — seven men and two women — who will fly the first American-made commercial spacecraft to and from the International Space Station. More here.

More than a third of college students go hungry

As students get ready to head back to school for the fall, here’s a new study worth noting: Buying nutritious food is a problem for more than a third of American college students, many of whom are working at low-income jobs, living off financial aid and student loans or raising families as they work towards a degree.

NASA names first astronauts for SpaceX, Boeing space station missions

NASA has revealed the nine astronauts — seven men and two women — who will fly the first American-made commercial spacecraft to and from the International Space Station.

The missions aboard ’s Crew Dragon and Boeing’s CST-100 Starliner mark the first time that astronaut launches will take place on U.S. soil since the organization retired the space shuttle in 2011.

The SpaceX Crew Dragon test flight astronauts are Robert Behnken from St. Ann, Mo., and Douglas Hurley from Apalachin, N.Y. The first mission astronauts are Victor Glover from Pomona, Calif., and Michael Hopkins from Lebanon, Mo.

SpaceX’s uncrewed demo is currently scheduled to lift off in November 2018, with its first manned mission slated for April 2019. The Hawthorne, Calif.-based aerospace company will launch these missions from Launch Complex 39A at NASA’s Kennedy Space Center in .

Boeing’s Starliner test flight astronauts are Eric Boe, who was born in Miami and grew up in Atlanta; Christopher Ferguson of Philadelphia; and Nicole Aunapu Mann from California. The first mission astronauts are Josh Cassada from White Bear Lake, Minn., and Sunita Williams from Needham, Mass.

Why KPMG and USTA built a home in Orlando’s Lake Nona

Located just ten minutes from International Airport sits , one of the nation’s fastest-growing communities on a mission to support a holistically healthy living. Lake Nona encompasses over 13,000 residents and more than 10 million square feet of residential and commercial facilities, including the University of Central Florida () College of Medicine and Nemours Children’s Hospital.20170506_NONA_0005-blog
Aerial view of the Lake Nona community, ten minutes from Orlando International Aiport.

Companies have been attracted to Lake Nona for its extensive land options, proximity to Orlando International Airport, groundbreaking gigabit fiber optic technology (named one of only nine Iconic Smart + Connected communities in the world) and all-inclusive community amenities.

In 2018, the United States Tennis Association (USTA) celebrated a one-year anniversary for its new “Home for American Tennis” at Lake Nona. ’s new Home for American Tennis is the biggest and most innovative facility of its kind in the world, with revolutionary technology built into its 100 outdoor tennis courts – recording training data that coaches and professionals from around the country can take back to their communities.

IMG_3050-blog
USTA’s National Campus in Orlando.

USTA needed a location that would supply enough space for its 63-acre facility and embody the principles of the association. USTA not only found the land it needed to build its new Home in Lake Nona; it found a collaborative community that embraces its mission of inspiring human performance. And by partnering with UCF, Visit Orlando and Visit Florida, USTA felt confident that it could fill its stands at its national and international tournaments.

“It became clear early on that Orlando was our new home because this is an exciting, energetic place to be,” Gordon Smith, Executive Director and Chief Operating Officer of USTA.

In 2017, KPMG began on its new global learning, development and innovation facility. As KPMG’s largest capital investment ever, it was imperative for KPMG to find a location that fit a long list of important criteria: the right culture, climate, community partnerships, incentives, transportation and more. KPMG needed a place that would foster an innovative and collaborative environment for employee training. KPMG considered 49 potential cities including Chicago, Atlanta, and Dallas before choosing Orlando.

KPMG-learning-facility-blog
Rendering of KPMG’s new global training center.

Orlando’s Lake Nona met and exceeded KPMG’s criteria for their largest capital investment project ever. Not only did the city’s future-forward vision resonate with KPMG, but the company was able to fly directly to 90 percent of its other office locations from Orlando International Airport.

“One of the key factors in choosing Orlando was the innovation we see here,” KPMG’s U.S. Chair and CEO Lynne Doughtie said. “The Lake Nona area is known for innovation, and that factor was lacking in many other cities we considered. Of course, all the recreational opportunities in the area are also a big draw.”

KPMG’s $400 million learning, development, and innovation facility in Orlando is scheduled to be complete by the end of 2019.