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inside Orlando’s first Earth Fare market in Lake Nona

 

 

will be getting the first of what could be many of organic grocery chain Earth Fare’s greater locations.

The Fletcher, N.C.-based company opened its 24,000-square-foot store at 13204 Narcoossee Road on Sept. 29 as the anchor to the $10.5 million Shoppes at Nona Place facility. The store features the same styling as many other Earth Fare stores, but there is a local feel for the residents of Lake Nona, according to Earth Fare CEO Frank Scorpiniti.

“What is not prototype is how we join each community, some of the refinement we do and the assortment of local products we have on the shelf,” Scorpiniti told Orlando Journal.“While the furniture is pretty darn similar, the people and local product assortment will be very focused for each store we open.”

The location at the Shoppes at Nona Place is among an increase of development in the area, including a 7,000-square-foot store for Sunrise-based Pet Supermarket Inc. The shopping center, developed by Palm Beach Gardens-based Blackfin Partners and Canadian firm North American Development Group, still is looking for other tenants. Interested parties can go here for more information.

Why develop in Lake Nona? We have a store we developed in Lakewood Ranch with (Development Co.), and of course, we toured many of its developments. We came to Lake Nona having known that, and we were incredibly inspired by the health and wellness focus of this particular community. We had become aware of this potential two-and-a-half year ago and understood the growth that was going to occur in this community with the young families, with moms and dads focused on health. What we offer was kind of missing here, and what we could do fills a need that has yet been addressed.

What has it been like getting more involved in the community? We have been here as a management team many times, but one of the ways our company becomes familiar with the community is we ask people to serve on community advisory boards and have met with our teams on more than four occasions to help us understand the community. That started 90 days ago, and we really appreciate what they do to tell us what the community needs, what we can do to be a better neighbor — and that’s put into the building blocks of this particular store.

What does it mean to stick to an organic food philosophy compared to other chains? It makes us very proud our focus is on health and wellness. We know if we do this right, the sales and growth of our company will come. Rather than being focused on selling everything, we’re focused on making sure we don’t sell what we perceive to be bad for health. I think that’s a very special position in retail — we have a higher purpose than filling a grocery buggy. Our purpose is filling it with longevity, health, and happiness.

What are the next expansion steps for the area? Our next store in the area will be by Orlando Health on the corner of Orange Avenue and Gore Street. That will open later this year and we are very excited. That will be No. 2 of probably eight to 10 stores we are looking at in the Orlando area currently. Many of these are still under negotiation.

UCF Lake Nona Medical Center CEO

By   – Staff Writer, Orlando Journal
 Updated 

The University of Central Florida’s planned teaching hospital, dubbed Medical Center, now has a CEO.

Central Florida Regional Hospital CEO Wendy Brandon will take on the role Jan. 1. The proposed 100-bed hospital is expected to be completed by 2020.

“Wendy is a seasoned, dynamic leader who has played a pivotal role in our partnership with at Lake Nona, and we are excited to have her lead our newest hospital in the Central Florida region,” HCA Healthcare’s North Florida Division President Michael P. Joyce said in a prepared statement. “Under her leadership, we will advance health care in Lake Nona , improve quality of life for the community and provide education that ignites careers in medicine at UCF Lake Nona Medical Center.”

Brandon has been CEO for HCA Healthcare Inc’s (NYSE: HCA) 221-bed Central Florida Regional Hospital in Sanford for the past 10 years, with accomplishments including the launch of the hospital’s Level II trauma center and the development of Oviedo Medical Center. She earned a bachelor’s in business administration from the University of Tennessee at Martin and her MBA from Belmont University. She also has leadership roles with several organizations, including the Orlando Economic Partnership Board, CareerSource Central Florida Board, the Sanford Rotary Club and Seminole County Regional Chamber of Commerce Board.

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.

Along with the hospital, UCF plans to add more developments as it moves its colleges of nursing and medicine to the campus. University partner Alter+Care will design and develop a 150,000-square-foot building, which will include 90,000 square feet for the College of Nursing and 60,000 square feet for expansion and future Academic Health Sciences Center use at the campus. Those projects are targeted to open by spring 2022.

In addition, Lake Nona’s daytime population continues to grow with its Medical City 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. The community already boasts more than 11,000 residents, 5,000 employees and more than 11,000 students at its schools.

It will be built in Medical City near Sanford Burnham Prebys Medical Discovery Institute, a facility UCF is set to take over as La Jolla, Calif.-based Sanford Burnham winds down its Florida operations.

The university received approval in August to take over the 175,000-square-foot Sanford Burnham research facility. The public research university closed on the existing facility Aug. 27, with Sanford Burnham occupying the building until Nov. 30. The university will begin doing research there by March 1.

UCF wants to turn the facility into a cancer research and treatment center with partner organizations such as Knoxville, Tenn.-based Provision Healthcare LLC, and HCA’s Sarah Cannon Research Institute LLC. UCF has projected its plan will result in a $578 million economic output after five years of operations.

“It’s fantastic for a couple of reasons,” UCF President Dale Whittaker previously told Orlando Business Journal. “One is it creates a private investment in the community, it gives us an additional treatment option, which is fairly unique in the community as well as significant clinical research. Sarah Cannon has been involved with almost 75 percent of the cancer research drugs that have been approved recently, so this is a nationally very powerful clinical research organization added to our university-level basic research.”

 

Chick-fil-A -slated Lake Nona

By   – Staff Writer, Orlando Journal
 Updated 

A 75,000-square-foot retail development soon could be home to ‘s first Chick-fil-A.

College Park, Ga.-based Chick-fil-A Inc. is in talks for signing a lease at Tyson’s Corner, a retail development at the northeast corner of Narcoossee and Tyson Road, sources told Orlando Business Journal. It would be the first Chick-fil-A location in Lake Nona.

A Chick-fil-A spokeswoman said the company hopes to have more to confirm about a Lake Nona location in the weeks to come. “We would very much like to have a new location in the Lake Nona area, but we have no new locations to confirm at this time,” spokeswoman Jessica Ferrell told OBJ.

Meanwhile, several other tenants either have signed leases or are in talks for space inside Tyson’s Corner. Click through the slideshow below to see which tenants could be coming to the retail center.

SRS brokered the purchase for the 9.69-acre Tyson’s Corner property on June 15, according to Orange County records. Entities related to Clearwater-based Epic Development Co. bought the property for $9 million from entity Lake Nona Holdings LLC. “We like the demographics and the growth,” said Epic Development Managing Member Andrew Hupp, who declined to confirm tenant interest in Tyson’s Corner.

The site may break ground in February with potential tenants moving in by summer 2019, said Hupp. Holiday-based FWH Architects Inc. is the architect, and Palm Harbor-based AVID Group is the engineer. Epic typically handles the general contracting itself, but Hupp said it was too early to start accepting subcontracting bids.

The property, which is next to Lake Nona High School, adds to new retail in Lake Nona. The largest retail project is the $300 million piece of Lake Nona Town Center, which is expected to make a big retail and splash for the growing southeast Orlando community, which already boasts more than 11,000 residents, 5,000 employees and 14,000-plus students at its schools.

Lake Nona pizza and brew pub

By   – Associate Managing Editor, Orlando Journal

anyone, Lake Nona. A new original restaurant concept will open its doors soon in the community’s developing entertainment center.

Park Pizza & Brewing Co. — the new 5,055-square-foot, 186-seat restaurant and brewery created by Restaurant Collection — will open in November on Lake Nona Boulevard south of State Road 417 in the Lake Nona Town Center. This will be the third Lake Nona restaurant for Tavistock Restaurant Collection, a sister company to Lake Nona developer Tavistock Development Co. LLC., joining Canvas Restaurant & Market and Chroma Modern Bar + Kitchen.

The new restaurant will be a community-focused gathering place with indoor and outdoor seating, serving scratch-made pizza from wood-burning ovens and an onsite glass-enclosed brewery featuring craft beers, as Orlando Business Journal previously reported. The restaurant in an existing space near Chroma will offer dine-in and order-ahead pick-up to go.

“Park Pizza will be a laid-back place where any family will feel welcome to enjoy affordable, high-quality food and craft beer,” Park Pizza & Brewing Co. General Manager MaryAnna Ford said in a prepared statement.

Here’s more from the eatery:

The 12- and 16-inch wood-fired pizzas at the restaurant will begin with housemade, hand-tossed dough, topped with San Marzano tomatoes for the signature sauce, and finished with traditional and premium toppings like buffalo mozzarella, artisanal sausage, fire-roasted fresh vegetables and fresh herbs. The 900-degree pizza ovens will also serve as the primary cooking space for skillet-roasted mussels, oak roasted crispy wings, child-friendly dough poppers and more. … Other design elements include large urban-style murals, art influenced by local artists, interactive wallpaper and large roll-up garage doors on both sides of the dining room for an open and airy feel during cooler months.

Park Pizza & Brewing Co. will be overseen by Chef Jason Bergeron, who also runs the kitchens at Chroma and Canvas. The restaurant — one of several lining up in the surrounding area — also will provide views of the 30,000-square-foot Boxi Park, a retail area built with shipping containers which will open in December with bars, restaurants, beach volleyball courts, and an entertainment venue.

Plus, this restaurant adds to all the other activity in the 17-square-mile Lake Nona, the fast-growing southeast Orlando community that boasts more than 11,000 residents, 5,000 employees in the 650-acre biotech hub, and 14,000-plus students at its schools.

Lake Nona to land big biotech facility

By   – Staff Writer, Journal

Before dirt even has been tossed, a future biotech manufacturing plant in ’s 650-acre is dreaming up expansion plans.

The 18-acre site — likely slated for Cranbury, N.J.-based global tech and biopharmaceutical company Amicus TherapeuticsInc. (Nasdaq: FOLD) — already is being considered for a planned development with manufacturing, office and warehouse space.

And it may include a future phase to accommodate additional parking, office space and a lab area, city of Orlando project planner Wes Shaffer said at a Sept. 13 meeting.

Amicus executives haven’t responded to requests for comment. However, an unnamed company behind “Project Olympus” this month received a city committee approval to build a 200,700-square-foot development at the southwest corner of Laureate Boulevard and Medical City Drive. Real estate sources said Amicus likely is the company behind Project Olympus.

Additionally, Amicus reportedly also was considering other cities for a new facility, but the Orlando City Council approved a nearly $380,000 incentive deal Aug. 20 to attract the company to Central Florida.

The facility would be the first biologic drug substance manufacturing plant with associated research and development in Lake Nona. It’s a major win not only for Orlando but also for Lake Nona, which already is home to the Orlando VA Medical Center, Nemours Children’s Hospital and the University of Central Florida medical school, among others.

“The fact that an innovative business such as Amicus is considering Orlando to build the first biologic drug substance manufacturing plant solidifies Medical City’s ability to attract new and innovative companies,” city spokeswoman Jessica Garcia said.

The new facility would add to a bevy of industrial activity nearby as part of the airport/Lake Nona submarket, one of the largest in the Orlando area.

Sports facility company shoots for next location,Lake Nona

By   – Staff Writer, Journal

An Orlando-based sports facility operator has scored a new location in Central Florida as it gears up for another.

XL Soccer World expects to build a $7 million, 50,000-square-foot facility in and open it next summer, CEO Ciaran McArdle told Orlando Business Journal. The company operates about eight facilities in the U.S, including one at 825 Courtland St. near the intersection of Lee Road and Interstate 4. That facility opened in 2011.

McArdle, a Lake Nona resident, hopes to attract soccer players and fans from Lake Nona and surrounding communities such as Kissimmee and St. Cloud. “We’ve seen tremendous success and popularity with what we do.”

The new facility will feature four fields for indoor soccer and futsal, a different version of soccer, among other uses. The facility will spread across roughly four acres off Narcoossee Road less than one mile south of State Road 417. XL Soccer World’s Xl Soccer World Orlando II LLC bought the 3.8-acre site from Narcoossee Land Holding Two Inc. for $571,400 on Aug. 27, according to Orange County records.

XL Sports Group

A contractor is expected to be announced soon. The architect is Orlando-based Butler Moore Architects LLC. Subcontractor opportunities likely will be available. A groundbreaking is expected before the end of the year.

McArdle declined to say where XL Soccer World’s next Central Florida facility will be, but he said it likely will be built in northwest Orlando.

XL Soccer World is the latest in a string of new sports companies to open facilities in Lake Nona. The $100 million U.S. Tennis Association National Campus opened its 100-court facility in 2016, and Drive Shack (NYSE: DS) opened its $25 million concept this spring.

Earth Fare Grand Opening in Lake Nona

By   – Staff Writer, Journal
 Updated 

Earth Fare will open its first organic grocery store in the area at the end of this month.

The Fletcher, NC.-based chain will open its store Sept. 29 in the Shoppes at Nona Place at 13024 Narcoosee Road in . The 24,000-square-foot location will feature a juice bar as well as a prepared food section with a salad bar, hot foods bar, pizza station, sandwich counter and pre-packed meals.

“At Earth Fare, we are passionate about helping our shoppers make the connection between clean food and longer, healthier, happier lives,” Earth Fare President and CEO Frank Scorpiniti said in a prepared statement. “Since 1975, we’ve been proudly encouraging shoppers to make healthier food choices easy and enjoyable, and we take great pride in expanding our strong Florida presence to the Nona community.”

Earth Fare provides food on its shelves that are free of added hormones and other non-organic ingredients. It keeps a list of booted ingredients which are not allowed on its shelves .

The chain will hold its grand opening celebration Sept. 29 at 7 a.m. with a ribbon-cutting ceremony and a check presentation to Nemours Children’s Hospital. There will be a mystery gift card giveaway for the first 500 customers in line with values up to $1,000, along with other giveaways, free samples, and product demonstrations.

Orlando OKs conditional plan for $107M Creative Village apartment complex

The City Commission today helped move forward two pieces of the planned $1 billion, 68-acre, mixed-used Creative Village in downtown.

The commissioners voted unanimously during the Sept. 4 city council meeting to give conditional approval of a $107 million, 390-unit apartment complex. The Creative Village Design Review Committee still wants to review certain aspects of the apartment project such as the streetscape, parking, architecture, and appearance, before it gets full approval.

The commissioners also gave full approval for a 9,221-square-foot central cooling system building for the planned Downtown, a campus that will be shared by the University of Central Florida and  College The UCF energy plant building will include condenser water pumps and cooling towers located outside the building. The structure will be the only plant for the downtown campus.

The apartment complex is a joint venture between Orlando-based Ustler Development Inc. — whose related Creative Village Development LLC is the master developer of Creative Village — and Coral Gables-based apartment developer The Allen Morris Co. The project is slated for a 1.6-acre site on the southwest corner of Amelia Street and Terry Avenue, which is known as “parcel M,” according to city documents.

Creative Village is expected to attract 8,000 faculty, staff and students when UCF Downtown opens in fall 2019 — two to three times more people than initially anticipated, according to Ustler Development Inc. President Craig Ustler. The number of apartment units was increased from 250 in the previous plan to 390 in July due to that increased demand.

The apartment complex, which could open by mid-2020, will feature mostly studio and one-bedroom units, each with a washer and dryer. The ground floor has a 6,500-square-foot commercial space that may house a food and a social hall. The project also will include a 570-space parking garage, a public courtyard, and a beer garden, said Ustler.

  • Dallas-based Mill Creek Residential Trust plans to build an estimated $59 million-$90 million, 250- to 300-unit market-rate apartment complex on the east side of Central Park.
  • Ustler Development and Development Ventures Group Inc. are underway on a 15-story, $105 million student-housing project with 600 beds and 105,000 square feet of educational space leased to UCF and Valencia College.
  • Winter Park-based Atlantic Housing Partners LLLP is building the $60 million, 256-unit Amelia Court at Creative Village mixed-income community.

These projects add to the boom in apartment in the region. Orlando reported a 3.2 percent vacancy rate in the multifamily sector, which is among the lowest for Southeastern cities, according to the most recent report by Charlotte, N.C.-based Real Data Inc. There are more than 11,700 apartments in Central Florida’s construction pipeline, and roughly 30 percent of those units are being built in downtown Orlando.

The average monthly apartment rent for the central submarket, which includes downtown Orlando, is $1,499, up from $1,381 a year ago, Real Data reported. Occupancy rates are expected to remain higher than 95 percent over the next year, well above average among Southeastern cities, which should trigger even more rent growth, according to the report.

UCF Downtown also is expected to bring a major economic impact to the area. The campus is forecast to generate 2,000 jobs and a $205 million economic impact in the next few decades. “There’s a lot of different facets — certainly there’s the economic development aspect of growing our downtown and having the university campus there,” Orlando Mayor Buddy Dyer told Orlando Journal. “It’s good for UCF and the students who will have internships and be closer to businesses that are in their majors.”

CoreLogic Home Price Insights – July 2018

 

The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through July 2018 with Forecasts from August 2018 including live maps.

CoreLogic HPI™ is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner.

CoreLogic HPI Forecasts™ (with a thirty-year forecast horizon), project CoreLogic HPI levels for two tiers—Single-Family Combined (both Attached and Detached) and Single-Family Combined excluding distressed sales.

The report is published monthly with coverage at the national, state and Core Based Statistical Area (CBSA)/Metro level and includes home price indices (including distressed sale); home price forecast and market condition indicators. The data incorporates more than 40 years of repeat-sales transactions for analyzing home price trends.

July 2018 National Home Prices
Home prices nationwide, including distressed sales, increased year over year by 6.2 percent in July 2018 compared with July 2017 and increased month over month by 0.3 percent in July 2018 compared with June 2018 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results).

Forecast Prices Nationally
The CoreLogic HPI Forecast indicates that home prices will increase by 5.1 percent on a year-over-year basis from July 2018 to July 2019, and on month-over-month basis home prices are expected to decrease slightly by 0.2 from July 2018 to August 2018.

The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

The 25 highest-paying jobs in the U.S.

 

Tech jobs make up 13 of the 25 highest-paying jobs in America for 2018, up from 11 in 2017, according to a new ranking from the job and recruiting site Glassdoor.

There are five health-care jobs on this year’s ranking, down from six in 2017, Glassdoor said. The top three jobs are all in health care.

“The fact that employers are paying top dollar for many techs and healthcare jobs reinforces how demand for these valuable skill sets continues to outpace the supply of talent with these experts,” Amanda Stansell, economic research analyst for Glassdoor, said in a prepared statement. “We know that salary matters a lot to job seekers when determining where to work, but it should not be the only factor to consider.”

Eight job titles are new to the ranking this year, including nurse practitioner, which has the highest number of current job openings at 14,931 positions.

Scroll through the accompanying gallery to see the 25 highest-paying jobs for 2018.

For a job title to be considered for this list, it must receive at least 100 salary reports shared (with Glassdoor) by U.S.-based employees over the past year through June 30, according to the site. Glassdoor also applies a statistical algorithm to estimate annual median base pay in order to control for factors like location and seniority.

Salary information hub Payscale.com provided us with a list of the 25 top-paid positions in the U.S. technology sector.

From database architect to a principal product manager and many jobs in between, the data provided to us show the median pay for a variety of tech titles in the U.S.

The median (50th percentile) pay is the annual total cash compensation in the U.S. — half the people doing the job earn more than the median, and half earn less.

The information shows the highest paid individual contributor, or non-management, roles in the technology sector.