Lake Nona is expanding its boundaries south of #Medical City and it now owns the land it needs.
Lake Nona developer #Tavistock Development Co. LLC’s related entity TDCP LLC spent $63.9 million, or roughly $55,700 per acre, on May 10 for nearly 1,147 acres south of #Orlando International Airport from the Greater Orlando Aviation Authority and the city of Orlando, Orange County records showed.
The three different parcels, two in Orange County and one in Osceola County along Narcoossee and Boggy Creek roads, will be used by Tavistock to develop a portion of a mixed-use project west of Narcoossee Road, north and east of Boggy Creek Road near the Orlando VA Medical Center, Tavistock spokeswoman Jessi Blakley told Orlando Business Journal.
The project, known as the Poitras planned development, includes:
- 2,973 #homes
- 100,000 square feet of commercial use
- A school on 25 acres
Tavistock previously sought approval from the city earlier this month to rezone the property as a planned development with aircraft noise.
The 11,000-acre Lake Nona already has billions of dollars worth of #construction underway and there’s even more growth ahead. See the photo gallery above for a sampling of Lake Nona projects in the works, and read more from OBJ‘s Doing Business in Lake Nona event from earlier this month.