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These 37 tenants want space in Lake Nona Town Center

Some of the biggest retailers in the U.S. — from Dick’s Sporting Goods (NYSE: DKS) to Michael Kors Inc. — are targeting the yet-to-open $780 million Town Center, one of the biggest developments underway in southeast Orlando.

About 37 major retailers are interested in opening shops inside the development, according to documents obtained by Orlando Journal. Orlando-based Tavistock Development Co. LLC is currently working on the town center’s $300 million second phase.



The town center is expected to introduce about 80 shops and restaurants, a hotel, office space and more into the fast-growing 17-square-mile community. The documents are preliminary, and it’s unknown which retailers, if any, have signed lease agreements. The town center’s general contractor is Birmingham, Alabama-based Hoar LLC.

“This was an aspirational list that was not intended to be shared and includes retailers that are not yet confirmed,” Jessi Blakley, senior director of Development Co., said in an emailed response to a request for comment. “We continue to be excited about Lake Nona Town Center, which will serve as the defining anchor and amenity for Lake Nona, the fastest-growing community in Orlando. Ultimately, the 100-acre destination will feature more than 4 million square feet of entertainment, commercial, retail, and restaurant space at build-out. We look forward to making official announcements about confirmed tenants soon.”

Retailers and other companies have been attracted to the 17-square-mile Lake Nona, one of Central ‘s hottest communities. It 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. Additionally, the community already boasts more than 11,000 residents, 5,000 employees in its 650-acre life sciences hub, plenty of new activity in the 300-acre Sports & Performance District, and more than 11,000 students at its schools.

At least three Lake Nona projects, including pop-up shops in shipping containers and a new corporate office, are expected to open by the end of the year.

UCF-HCA joint venture secure more land for Lake Nona teaching hospital

 

is putting more property into play for a new teaching hospital it’s building with Hospital Corp. of America in ‘s .

The UCF Board of Trustees on June 20 approved assigning UCF’s option to buy an 11.4-acre site on Lake Nona Boulevard — which is adjacent the 25-acre parcel already set aside for the UCF Lake Nona Medical Center teaching hospital — to Central Health Services, a joint venture between UCF and Nashville, Tenn.-based HCA (NYSE: HCA). The option, which is set to expire on June 25, would allow completion of the planned hospital campus and facilitate future growth, documents showed.

Central Florida Health Services would buy that parcel for about $6.8 million, or $600,000 per acre, from Development Co. LLC’s related Lake Nona Land Co., documents showed. The land is now appraised at about $10.4 million, according to Orange County records.

The purchase is expected to close by the end of June.

“We are thankful to the trustees for giving us this opportunity to acquire more land for the UCF Lake Nona Medical Center. The approval provides space for a growing hospital – and more equity for UCF,” UCF College of Medicine Dean Dr. Deborah German told  Journal in an emailed response. “We are eager to open this university hospital for our community, patients, physicians, researchers, and learners.”

The first phase of on the 100-bed UCF Lake Nona Medical Center is set to start on Oct. 25, and the property will open in 2020 next to the UCF Health Sciences Campus, between the UCF College of Medicine and Sanford Burnham Prebys Medical Discovery Institute at Lake Nona. UCF plans to take over the Sanford Burnham’s assets once the institute vacates the property.

The university also is considering relocating its nursing college to Medical City.

Meanwhile, the new UCF Lake Nona Medical Center will help fulfill German’s goal of creating an environment that includes a great hospital affiliated with a top-notch medical school. The hospital will be a living/learning lab for training medical, nursing, physical therapy, pharmacy and social work students in teamwork skills and communication.

“If you’re sick and have exhausted all the treatments of your local hospital, where do you go for the next level of care? Many people say Harvard, Johns Hopkins, Stanford, Cleveland Clinic. All of those are teaching hospitals,” German previously said.

The UCF Lake Nona Medical Center also will address a serious statewide lack of doctors. The Teaching Hospital Council of Florida and the Safety Net Hospital Alliance of Florida forecast that the state will have a shortage of 7,000 physician specialists by 2025. UCF started building residency programs a few years ago to address the shortage and now has 255 slots and expects to have more than 560 by 2020 through the partnership with HCA, German has said.

Orlando Health snags Lake Nona-area land for expansion

 Updated 

Orlando Health — a $3.8 billion nonprofit health care organization with nine area hospitals — has grabbed more property, this time in the area.

Health closed on the purchase of 15.13 acres of vacant land today, June 18, for roughly $9.9 million at the northeast corner of Dowden Road and Randal Park Boulevard.

The property was bought from Randal Park Investors LLC, which is developing a $25 million grocery-anchored shopping center on the northwest corner of State Road 417 and Dowden Road. Randal Park Investors— a joint venture between Winter Park-based BluRock Commercial Real Estate LLC and Orlando-based Intram Investments Inc.— bought the property from Colonial Properties Services Inc. in February for $3.5 million, county records showed.

Orlando Health said the new property will allow it to expand its services in the southeast Orlando area, but didn’t specify the exact use, but it could be to create a freestanding emergency room or more outpatient services.

Its competitor, Florida Hospital’s parent company, Adventist Health System/Sunbelt, also has a major interest in the growing Lake Nona market as it has a 67.24-acre site it bought in 2016 and another 15 acres it recently bought on Narcoossee Road on the north and south sides of Lake Nona Boulevard. likely will start with physicians and outpatient services, then add emergency services and eventually a hospital as the population grows, Hospital President Daryl Tol previously told Orlando Journal.

This purchase is one of several lands grabs Orlando Health has made in the past months. The nonprofit earlier announced plans to buy property in downtown Orlando and a new medical office building in Oviedo. Orlando Health also has been rumored to be under contract to purchase 51 acres in Apopka, which would be a new market for the healthcare system.

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.

UCF plans to move its Research Park nursing school

 

The University of Central Florida’s College of Nursing has outgrown its current location in Research Park and the school wants to build it a new home in .

faculty members are seeking approval on May 24 for a concept that will lead to a potential operating lease arrangement for a future Health Sciences and College of Nursing building near the existing College of Medicine.

The change is part of UCF’s plan to create several new colleges by July 2, including an Academic Health Sciences Center and the College of Health Professions & Sciences at Lake Nona, which eventually will include the College of Medicine and the College of Nursing. The goal is to help better organize the campuses to connect students with employers from industries in which they are earning degrees.

A presentation submitted by UCF College of Medicine Dean Dr. Deborah German and UCF College of Nursing Dean Mary Lou Sole says the UCF Real Estate Foundation will sell one of 50 acres of Lake Nona gift land to Alter+Care at fair market value for the project. Alter+Care is an existing partner with UCF that develops and finances health care, educational and outpatient facilities.

The proposed plans say Alter+Care would provide an operating lease for a Health Sciences and College of Nursing building adjacent the College of Medicine.

Alter+Care would design, build and finance a 150,000-square-foot building, with 90,000 square feet for College of Nursing and 60,000 square feet reserved for expansion and future Academic Health Sciences Center use, documents showed.

In exchange, UCF would offer a 25-year lease with renewal options for $17 per square foot, or $2.6 million. UCF will maintain the building, which the university estimated will have $1.5 million in operating expenses.

If the UCF Board of Trustees approves the plans, the next step is for Alter+Care to create schematic drawings of the building and develop the final terms of the operating lease.

  • Develop of schematic drawings and complete due diligence: June-October 2018
  • Finalize operating lease terms: October-December 2018
  • to start: January-June 2020
  • Targeted opening date: Spring semester 2022

The College of Nursing has nearly 3,000 students across three campuses, and colleges are being encouraged to produce even more as the state expects a shortage of 50,000 registered nurses by 2025, according to UCF.

The new college building would join the nearby UCF and Hospital Corp. of America’s (NYSE: HCA) 100-bed teaching hospital, which will be built in Lake Nona and open in 2020.

It also would pair nicely with the existing Sanford Burnham Prebys Medical Discovery Institute’s Lake Nona facility, whose assets UCF is seeking to take over and turn into a cancer research center.

“A campus containing all of UCF’s health-related programs will move one step closer to becoming a global destination for education, research and patient care — the Johns Hopkins of the future, only better,” German previously said regarding UCF’s plans to establish an Academic Health Sciences Center in Lake Nona.

Developer plans new 2,558-acre community near Lake Nona

A planned 2,558-acre, mixed-use community going up near wants to change some of its plans.

The Starwood project, being developed by Beachline South Residential LLC on land south of State Road 528 and east of State Road 417, will add a high school and new signage into the mix of commercial uses and thousands of .

Applicant Dewberry Engineers Inc., which is the civil engineer and landscape architect for the project, sent a submittal to the city of Orlando to amend the future land-use map and planned-use development map. The request will be discussed at a June 19 municipal planning board meeting.

“The changes are mostly the result of an agreement reached with Orange County School Board regarding placement of a high school site within the development,” the project description reads. The changes are also a result of the road realignment on Dowden Road.

Beachline South Residential LLC, an entity of Palm Beach Gardens-based Land Innovations LLC, wants to build:

  • Office space on 1,680 acres
  • Commercial space on 81 acres
  • Public recreation and institutional areas consisting of 65 acres
  • Industrial space on 33 acres
  • Roughly 670 acres will be set aside for conservation.

The development team also includes Donal W. McIntosh Associates Inc. as the surveyor, VHB as the traffic consultant, Bio-Tech Consulting Inc. as the environmental consultant and Devo Engineering Co. as the geotechnical engineer.

Proposed home sites will range from 20-foot townhome lots to 70-foot estate lots, Mattamy Homes said in a news release. Communities amenities will include centers of different sizes throughout the community as well as a more than 20-mile system of interconnected walking trails and bike paths.

“Orlando continues to demonstrate that it is one of the strongest markets in the state of , as evidenced by the positive demographic trends including employment and population growth,” Mattamy Homes Orlando Division President Alex Martin previously said in a prepared statement. “We consider the Starwood Property an excellent complement to our existing Randal Park community and an opportunity to maintain our strong presence in this highly desirable and rapidly growing area of Central Florida.”

Jay Thompson, Land Innovations managing partner, had said the home prices would start at about $230,000 and go up to $1 million.

KPMG’s new $430M Lake Nona training complex

 

 

 

New York-based KPMG LLP, one of the world’s Big 4 accounting firms, will implement lots of useful technology for its employees at its new $430 million,  55-acre training facility in Lake Nona that will feature 800 guest rooms for the thousands of out-of-town employees who will come to town each year.

For example, one aspect will be technology that can guide visiting employees to their rooms at the new KPMG Training & Innovation Facility at 9313 Blvd., which is set for completion in 2019. It’s important to make it simple for people to navigate through the center, as it will generate about 48,000 annual visits to with roughly 1,000 passengers flying in and out of the Orlando International Airport each week. “It’s an 800,000-square-foot facility — you’re going to need to know where to go,” said Bill Flemming, KPMG’s managing director and head of management, during the 2018 State of Lake Nona Real Estate event on May 9. “We will use beacon wayfinding so you will be tracked via your cell phone to know where you are and direct you to know where to go in the building.”

The Orlando International Airport also uses beacon wayfinding to help travelers find restaurants and terminals.

The technology will take the KPMG experience a step further by preparing the guest’s room before they enter. “When you step off the plane at the airport, your iPhone will direct you to your room, and as you get closer to the facility, the phone will turn on [connection to] the room to get the climate control, the TV station you want— it gets the room ready for your specifications,” Flemming said.

He noted that this technology along with special amenities at the campus will help lure in top talent. “Part of the reason we are building this facility is that there’s a fight for talent out there. We have to have a cutting-edge building that attracts people and says ‘this company reflects training, innovation, and state-of-the-art design,’ ” he said. “We have amenities that make it a holistic experience. Not only do you come in for training, but we also want people to be relaxed and understand teamwork dynamics.”

For example, there’s going to be a social venue with a restaurant, a bar, and outdoor and indoor recreation facilities, as well as relaxation rooms.

Site grading for the facility began last year. Flemming said the team has been working through design plans over the year, and to speed up the construction timeline for the project, KPMG is prefabricating 800 restrooms, which will simply slide into the building. The firm also is prefabricating the exterior walls in an offsite warehouse.

Once the training center is open, it’s expected to create an enormous economic impact by bringing thousands of employees into the market and creating at least 80 high-wage jobs at the facility. Lynne Doughtie, CEO and U.S. chairman of KPMG, previously told Orlando Journal that KPMG is expecting to create 250 jobs in the next couple of years.

USTA National Campus to expand

The U.S. Tennis Association National Campus revealed that it wants to score more land for a future expansion to its 64-acre Lake Nona campus.

The $100 million campus, the largest tennis training center in the nation, wants to acquire adjacent land from developer Tavistock Development Co. LLC, Kurt Kamperman, the ‘s chief executive for community tennis and the campus, told  Business Journal during the Orange County Property Appraiser’s 2018 State of event on May 9.

was not immediately available for comment.

Kamperman said he’s talking with Tavistock about “trading a few pieces of land” for the expansion and that the newly acquired land would be within 100 yards or so of the existing USTA campus. “We’re working with Tavistock to find some adjacent land that would give us the opportunity to build a small stadium court for events and possibly have additional indoor courts.”

The reason behind the need for more indoor courts is basic: During the rainy season in July and August, the organization has only six indoor courts for people to use, Kamperman said.

Meanwhile, adding a small stadium court/amphitheater will allow the USTA campus to accommodate larger tennis events. “We would like the ability to host the Davis Cup or Fed Cup and the ability to host smaller professional events,” Kamperman said. “It’s not a set plan, but we would like to have that opportunity down the road.”

The campus currently has 100 tennis courts ranging from green clay to hard, acrylic cushion courts, indoor courts and European Terre Davis red clay. It also incorporates smart technology, allowing the players to record and review their movements, mistakes, and training.

Johnson & Johnson institute’s new HQ to go in Lake Nona’s Medical City

 

Although it was known earlier this year that New Brunswick, N.J.-based Johnson & Johnson’s (NYSE: JNJ) Human Performance Institute planned to expand in Lake Nona, but many assumed its new headquarters would be built near its existing building that’s located at 9757 Club Drive, which has been there for about 20 years on the north side of the southeast Orlando community near the North Lake Park neighborhood.

And now it’s been revealed that the company plans to construct its new $18 million, 34,480-square-foot office building about five miles southwest of its existing 17,000-square-foot location. The headquarters — being developed by Tavistock Development Co. LLC — will go in Lake Nona’s 650-acre life sciences hub known as on 7.7 acres at the southeast corner of Medical City Drive and Laureate Boulevard.

The vacant site at 6614 Laureate Blvd. is south of the existing Sanford Burnham Prebys Medical Discovery Institute at Lake Nona and southwest of the parcel where the University of Central Florida and Nashville, Tenn.-based Hospital Corp. of America (NYSE: HCA) plan to build a teaching hospital.

Once completed by year’s end, the new headquarters of the Johnson & Johnson Human Performance Institute — a division of Johnson & Johnson Health & Wellness Solutions Inc. — will create 25 high-wage positions and draw Fortune 500 companies, professional athletes and military special forces to Lake Nona to work on achieving mental and physical high performance.

The institute chose the site for its new headquarters because “this was really one of the best places to locate [those services] to and go deeper into Medical City with these cutting-edge companies and technologies that are here,” Lowing Kibbey, global head of the institute, previously told Orlando Journal. “That was really our focus, to be in a place where there are that vitality and innovation.”

Check out the site plan and see the photo gallery above for more on the one-story Medical City building.

Lake Nona area to get new grocer, restaurant and more

Emerson International Inc. wants to build a new retail center in southeast near .

The Altamonte Springs-based development firm is seeking approval from the Orange County development review committee on April 11 to build a 40,600-square-foot retail center in the Eagle Creek community. The $6 million-$8 million commercial center would be built on 8.29 acres of undeveloped land at 13615 Narcoossee Road.

The project will include:

  • A 21,900-square-foot grocery store
  • A 5,000-square-foot restaurant

Civil engineering firm VHB and C4 Architecture are working on the retail project. A new shopping center brings with it opportunities for companies, vendors and people looking for jobs, as well as retailers that want a presence near Lake Nona.

The overall 67,500-square-foot lot is part of the mixed-used Eagle Creek community that fronts Narcoossee Road.

The community has The Sanctuary at Eagle Creek, a 282-unit apartment complex, and townhomes dubbed the Curzon Place Golf Villas, developed by Emerson International.