Lake Nona-area plaza, tenants for future

A plaza near Lake Nona, a fast-growing community in southeast Orlando, is expanding and gaining medical and retail tenants.

The Narcoossee Retail Center, developed by Reich Properties Inc. at 865 N. Narcoossee Road in St. Cloud, will have two urgent care centers as tenants for its planned 10,800-square-foot second phase. A building that size may cost roughly $1 million to build, based on industry standards.

Nemours Children’s Primary Care, an urgent care center for children, will occupy 4,200 square feet. In addition, the St. Cloud Regional Medical Center will have a 2,000-square-foot urgent care center, Reich Properties President John Reich told Orlando Journal. “St. Cloud Regional Medical Center and Nemours both decided Narcoossee Road is a good place to be — it’s where St. Cloud meets .”

Medical City is a life sciences hub in that includes Nemours Children’s Hospital, the University of Central medical school, the Orlando VA Medical Center and more.

Nearly 5,000 square feet of the second phase remains available for tenants.

Reich Properties spokeswoman Coleen Taylor said the $2 million second phase is nearing constriction and will be delivered in first-quarter 2019.

Orlando-based Jordan & Associates Consulting Inc. is the engineering consultant for the project.

Plans for a third phase will bring an additional 11,000 square feet or more to the plaza. No timeline was given for that phase.

The first phase of Narcoossee Retail Center is complete and fully occupied by Building Brains Academy Language Immersion Preschool, Domino’s Pizza Bakery, All Flooring USA and The Nail Lounge & Spa.

Reich said the growing residential development in the area is driving demand for more commercial space. “Osceola County is a somewhat rural lifestyle, and you have to go to Osceola for that lifestyle. That’s why there are so many rooftops going up. There are enough rooftops now to support developing commercial,” Reich said.

He envisions the plaza’s second and third phases being fully occupied by health care providers such as dentists and orthopedics, along with restaurants.

3 medical marijuana dispensaries to open in Osceola County

 

Three medical marijuana dispensaries are headed to County even as the county had placed a moratorium on dispensaries.

On Feb. 19, Osceola County Commissioners approved a settlement with one of Colorado’s largest marijuana dispensary chains, The Green Solution, that grants them three certificates to open the dispensaries. In return, the company agreed to take no legal action against the county. The Green Solution asserted it had a “vested right in the issue” because it was poised to receive the certificates prior to the county’s moratorium, according to an Osceola County news release.

Previously, the commissioners enacted a temporary moratorium to consider changes in state law. The changes to state law essentially preempted the county ordinance and certification process and limited the county’s powers to banning dispensaries or allowing an unlimited number in the county.

 “This is an equitable solution to this matter and it gives us, as the local jurisdiction, the power to prevent an out-of-control proliferation of these facilities,” said Commission Chairman Fred Hawkins in a prepared statement. “When voters approved Amendment 2, I don’t think they wanted dispensaries on every street corner in the community. This agreement and our ban cements this intent while allowing those who need this service the ability to access it.”

In a separate action, the county voted to ban any other new facilities in unincorporated parts of the county.

The Green Solution didn’t specify exactly where the locations would be, but told Orlando Business Journal via email that it’s currently identifying possible locations for the dispensaries and working with the county to obtain required permits.

The company intends to open dispensaries as soon as possible to begin servicing patients.

Currently, the number of total centers in the state is capped at 25 until 2020.

The Green Solution has 15 Colorado locations and offers cannabis-infused products from sugar scrub to lip balm, lotions and edibles like truffles and sodas.