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Step inside the KPMG’s $450M training center in Lake Nona

It’s best to use a golf cart to motor around New York-based KPMG LLP’s future 780,000-square-foot Lake Nona campus.

The titanic Learning, Development & Innovation Center at Lake Nona — spreading out over 55 acres — already towers above the tree line despite still being built in the fast-growing southeast Orlando community. The $450 million project, perhaps the most significant in Lake Nona, is so large that 250,000 cubic yards of dirt were moved during early site work — enough to fill 76 Olympic-sized swimming pools.

The structure, which when completed will bring about 800 KPMG staffers on-site per week for training, topped out Aug. 8 after breaking ground in May 2017. Before the ceremony, Orlando Journal stepped inside the unfinished building to take look at its development.

Workers are sprinting toward a late 2019 completion, as the training center is expected to open in January 2020. See the photo gallery for a closer look.

Most of the building’s skeleton has been erected, and future spaces have started to take shape. Rows of classrooms with 14-foot-tall ceilings are visible in addition to most of the 800 single-occupancy guest rooms and other learning and innovation spaces. A trip down unfinished halls reveals multiple, two-story communal lounges, which are aimed at fostering collaboration among the trainees. Most spaces around the facility encourage socializing. For example, KPMG workers won’t have access to refrigerators in their room, in the hopes that they’ll mingle in shared space

A look at accounting giant’s $430 million training center that will bring 40,000 company visitors each year.

Inside KMPG Training facility

Outside of training and socializing, the building also will feature eating spaces, like a pizza/pasta station and a wine bar. The facility will house a 15,000-square-foot fitness center in addition to a bevy of outdoor spaces.

is expected to start soon on a town hall center that can seat about 1,000 people and can be further subdivided for smaller events. A separate 15,000-square-foot social venue/pub also has yet to start construction.

From the top floors, Lake Nona can be seen above the trees and a crescent shape to one side of the facility offers views of nature behind the back of the facility.

Despite being so large, the site will hold about 350 parking spots, since most of the people parking will be staff. Shuttles will eventually run employees between the training center and nearby Orlando International Airport.

“Building on our culture of continuous learning and our nationally recognized learning and development program, the new facility will integrate leading-edge design and technology to help prepare our professionals to deliver new business models and breakthrough solutions for our clients,” KPMG CFO David Turner said in a prepared statement. “This project represents a significant investment in our exceptional professionals and the future of our firm.”

Why KPMG and USTA built a home in Orlando’s Lake Nona

Located just ten minutes from International Airport sits , one of the nation’s fastest-growing communities on a mission to support a holistically healthy living. Lake Nona encompasses over 13,000 residents and more than 10 million square feet of residential and commercial facilities, including the University of Central Florida () College of Medicine and Nemours Children’s Hospital.20170506_NONA_0005-blog
Aerial view of the Lake Nona community, ten minutes from Orlando International Aiport.

Companies have been attracted to Lake Nona for its extensive land options, proximity to Orlando International Airport, groundbreaking gigabit fiber optic technology (named one of only nine Iconic Smart + Connected communities in the world) and all-inclusive community amenities.

In 2018, the United States Tennis Association (USTA) celebrated a one-year anniversary for its new “Home for American Tennis” at Lake Nona. ’s new Home for American Tennis is the biggest and most innovative facility of its kind in the world, with revolutionary technology built into its 100 outdoor tennis courts – recording training data that coaches and professionals from around the country can take back to their communities.

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USTA’s National Campus in Orlando.

USTA needed a location that would supply enough space for its 63-acre facility and embody the principles of the association. USTA not only found the land it needed to build its new Home in Lake Nona; it found a collaborative community that embraces its mission of inspiring human performance. And by partnering with UCF, Visit Orlando and Visit Florida, USTA felt confident that it could fill its stands at its national and international tournaments.

“It became clear early on that Orlando was our new home because this is an exciting, energetic place to be,” Gordon Smith, Executive Director and Chief Operating Officer of USTA.

In 2017, KPMG began on its new global learning, development and innovation facility. As KPMG’s largest capital investment ever, it was imperative for KPMG to find a location that fit a long list of important criteria: the right culture, climate, community partnerships, incentives, transportation and more. KPMG needed a place that would foster an innovative and collaborative environment for employee training. KPMG considered 49 potential cities including Chicago, Atlanta, and Dallas before choosing Orlando.

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Rendering of KPMG’s new global training center.

Orlando’s Lake Nona met and exceeded KPMG’s criteria for their largest capital investment project ever. Not only did the city’s future-forward vision resonate with KPMG, but the company was able to fly directly to 90 percent of its other office locations from Orlando International Airport.

“One of the key factors in choosing Orlando was the innovation we see here,” KPMG’s U.S. Chair and CEO Lynne Doughtie said. “The Lake Nona area is known for innovation, and that factor was lacking in many other cities we considered. Of course, all the recreational opportunities in the area are also a big draw.”

KPMG’s $400 million learning, development, and innovation facility in Orlando is scheduled to be complete by the end of 2019.

More businesses like Amazon want to invest in the area. Here’s why.

More businesses want to work in Orlando now than three years ago, according to the Orlando Economic Partnership.

Central Florida’s nonprofit public/private economic development agency looked at whether or not its campaign “Orlando. You Don’t Know the Half of It.” has changed businesses’ perception of the city since its last survey in 2015. The Orlando Economic Partnership worked on the survey with Development Counselors International, who provides marketing for places like Orlando.

Interest in bringing projects and developments here grew to 61 percent for site selectors, up from 53 percent since 2015; and 63 percent for corporate executives, up from 19 percent.

The survey also found that Orlando was in the top 10 cities in being considered for projects, with 19 percent of the category. That’s up from 12 percent in 2015 and 7 percent in 2014.

“At the end of the day, the goal of our campaign is to get more at-bats,” Laureen Martinez, senior director of marketing and communications for Orlando Economic Partnership, told Orlando Journal.

Site selectors highlighted the airport, workforce and tax structure of the area as Orlando’s top three highlights. The site selectors said the city’s top three weaknesses were the tourism perception of the area, lack of business incentives and the workforce.

New Lake Nona Publix Shopping Center

Publix Shopping

A new retail lineup has been revealed for a Publix-anchored shopping center now under in .

Lake Nona’s developer Tavistock Development Co. LLC on July 26 announced five new tenants for the roughly 60,000-square-foot Lake Nona Creekside on the northwest corner of Boggy Creek Road and Lake Nona Boulevard. The estimated $9 million-$12 million shopping center will serve Lake Nona’s growing population east of Boggy Creek Road, including ‘s Ariel Apartments, Somerset Park neighborhood, Voxx International Corp.’s (Nasdaq: VOXX) Voxx Automotive headquarters and the new 2.3-million-square-foot Amazon fulfillment center set to open this summer, a Tavistock representative said. A representative from Seattle-based Amazon.com Inc. (Nasdaq: AMZN) said the fulfillment center should open before the holiday season this year.

Meanwhile, the new tenants at Lake Nona Creekside will take up about 11,000 square feet of space in total, joining the 46,000-square-foot Publix, which is scheduled to open in October. The new stores will open in late 2018 or 2019 in the shopping center.

Outside of retail, a 120-room, the select-service hotel will be part of the project, however, a brand hasn’t been determined, said Tavistock spokeswoman Karlee Kunkle said in an emailed response. Greenway Park I LLC — an entity of Tavistock — on Oct. 19 submitted an application for the new hotel.

investor spends $65.8M on Lake Nona-area property, Lee Vista

A Lee Vista 3-year-old Class A apartment complex near Lake Nona is getting a facelift by its new owner.

The 330-unit Cortland Jubilee Park, formerly GrandeVille At Jubilee Park, is set to get about $2 million in renovations to its interiors in addition to its amenities, landscape, and branding, according to Kyle Bateh, an investment manager with Cortland Partners. The improvements come after Atlanta-based Cortland Partners subsidiary Merryvale FL Partners LLC bought the property 6850 Merryvale Lane in Orlando for $65.8 million, or $199,394 per unit, on July 19 from Altamonte Springs-based LeCesse Development Corp.’s related entities, according to Orange County records.

Patrick Dufour, Scott Ramey and Kevin Judd of Atlanta-based ARA, A Newmark Co., represented the seller in the deal.

The still-new property in Orlando’s Lee Vista neighborhood near Orlando International Airport was 95 percent occupied at the time of the sale. However, it required some upgrading, according to the new owner.

“We believe in the asset’s potential to demand higher rents as a result of the renovation,” Bateh said in an emailed response to Orlando Journal. “Despite being only 3 years old, the interiors are not on par with brand new deals in the broader market. Jubilee has the largest floor plans, is the newest asset in Lee Vista area and zoned for schools. So that’s what we are aspiring to compete with — newer Lake Nona assets that have higher-end finishes.”

Amazon to deliver its Lake Nona fulfillment center largest industrial project

One of Orlando’s largest and most game-changing real estate projects appears to be getting closer to its grand opening.

Seattle-based e-commerce behemoth Amazon.com Inc. (Nasdaq: AMZN) is scheduled to complete its 2.3 million-square-foot, four-story fulfillment center in southwest Orlando’s community in this year’s third quarter. The massive warehouse on the growing west side of Lake Nona near Orlando International Airport created about 1,200 temporary jobs. When completed, it will employ more than 1,500 — with up to 2,500 employees during the holiday season — who will have a chance to engage with Amazon’s high-tech robotics.

The $132 million project also solidified Orlando as an emerging statewide logistics hub. Once Amazon signed on, several local real estate agents pointed to increased activity from other companies interested in bringing the new “mega distribution center model” to the region — which creates thousands of jobs and can change the community’s landscape.

Plus, Amazon is yet another high-profile tenant joining the Lake Nona lineup, along with audit giant KPMG LLC and the U.S. Tennis Association, among others.

“Having Amazon involved certainly makes industrial — which hasn’t always risen to the top — more interesting,” John Pottinger, commercial development director for Lake Nona developer Development Co. LLC, previously told Orlando Journal. “This sophisticated fulfillment center routinely will employ more than 1,000 people day in and day out … and will impact Lake Nona and Orlando’s jobs, retail and housing. It fits nicely into our overall plans and ambitions for Lake Nona.”

The Lake Nona project earned top industrial deal honors in OBJ‘s 2018 Structures Awards.

Amazon’s 50-foot-tall Orlando fulfillment center is composed of concrete tilt walls with the textured coating, aluminum storefront windows, and metal composite canopies, public documents showed. Here’s what else It will include:

  • 2,500 parking spaces, 36 accessible-parking spaces, and eight motorcycle spaces
  • Administrative offices
  • 417-person break room
  • A total of 64 9-foot-by-10-foot overhead doors, two 14-foot-by-16-foot drive-in doors
  • 263 tractor-trailer parking spaces
  • A dedicated compactor
  • This is part of Amazon’s nationwide expansion strategy as it looks to provide same-day delivery in more places — and it chose to build a fulfillment center in Orlando without being awarded economic-development incentives.

Address: 12340 Boggy Creek Road, Orlando 32824

Timeline: The 130-acre site was purchased and early construction work began in July 2017; the building was topped off in November 2017; completion scheduled for third-quarter 2018


Amazon fulfillment center

Address: 12340 Boggy Creek Road, Orlando 32824

Timeline: The 130-acre site was purchased and early construction work began in July 2017; the building was topped off in November 2017; completion scheduled for third-quarter 2018

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.