New Lake Nona office building in the works

Steps are being taken to build a new office building in Lake Nona’s growing Town Center.

Building No. 2. include four-story, 100,000-square-foot

Tavistock Development Co. LLC’s entity, Lake Nona Land Co. LLC, on Aug. 22 applied for an environmental resource permit that could allow site work to begin on a 11.3-acre project dubbed “Lake Nona South Town Center Phase 1, Office Building No. 2.” Plans include a four-story, 100,000-square-foot Class A office building.

The planned facility will be similar in size to the Town Center’s first Class A office building that houses Tavistock’s headquarters, Regus, Nemours Children’s Hospital administrative offices and Nurse on Call near Medical City. An existing parking garage will stand between the new office building and the current one.

The project will create new construction, vendor, leasing and job opportunities for local firms. However, it’s just a small portion of what’s in the works at the Lake Nona Town Center that’s slated to become a 3.8 million-square-foot lifestyle and entertainment center with restaurants, shops, hotels and more. A new restaurant called Chroma Modern Bar + Kitchen will open there next month. See here for more on the Lake Nona Town Center plans.

The Lake Nona and Orlando International Airport area in second-quarter 2016 had more than 1 million square feet of office space with a 14.2 percent vacancy rate and a $27.49 average asking rent rate per square foot, according to a Cushman & Wakefield report.