HOAR SELECTED AS CONTRACTOR FOR NEXT PHASE OF LAKE NONA TOWN CENTER

, Fla.; August 7, 2017 – Tavistock Development Company, a diversified real estate firm owned by Group, announced today that Hoar Construction has been selected as the Pre Construction Program Manager and Master General Contractor for the next phase of development of the  Town Center which will include a thoughtful collection of more than one million square feet of retail, restaurant, , office, and hospitality uses.

Developed by Tavistock Development Company, with Steiner + Associates serving as the exclusive retail planning, leasing and development services partner, Hoar Construction plans to break ground on the next phase of construction in the Fall with anticipated completion in 2020. Hoar Construction brings the experience of having previously completed several projects with Steiner + Associates.

“Our team is eager to be a part of this transformative project and to help bring the retail and entertainment portion of the Lake Nona development to life,” said Michael Parks, Florida Division vice president of Hoar Construction. “We have a long history working with partners like Tavistock and Steiner + Associates to create world-class developments, and we are excited to be part of this team.”

Lake Nona Town Center is a 100-acre, 3.8 million square foot mixed-use experiential magnet and regional destination nestled within the large-scale Lake Nona master-planned community. Lake Nona Town Center fronts SR-417, Orlando’s eastern beltway, and is located adjacent to Orlando International Airport and its new multi-model transportation hub and international terminal.

Site plan for next phase of the Lake Nona Town Center

Lake Nona Town Center has already successfully opened and leased 85,000 square feet of class-A office, a dual branded Courtyard by Marriott and Residence Inn by Marriott hotel, 16,000 square feet of retail and restaurant space and a multi-level parking structure that doubles as public art adorned with colorful dichroic glass, lighting and a ‘Code Wall’ and is attached to a six-story digital art monument called ‘The Beacon.’

Local favorites Bosphorous Turkish Cuisine and Chorma Modern Bar + Kitchen – named Best New Restaurant 2017 by Orlando Magazine have thrived in the space – adding to the unique culture and atmosphere.

Tavistock and Steiner are currently in negotiations with several theatres and are close to finalizing plans for a brewery, comedy club and live performance venue, bowling concept and several additional restaurants and retailers. At full build out, Lake Nona Town Center will include more than 80 specialty retailers, anchors, junior anchors, and restaurants.

One of the most successful master-planned communities in the nation with more than 10 million square feet of current and planned residential and commercial development, Lake Nona’s corporate pipeline includes major regional projects including KPMG’s $400-million training and innovation center and the newly announced Amazon high-tech fulfillment center, both of which continue to position Lake Nona as one of the fastest-growing communities in America and a significant job creator for both the region and the state.