Posts

Cinépolis USA will open a nine-screen, 40,000-square-foot cinema in 2020 in the town center

 

 

Theatre

A Dallas-based cinema has pressed play on a new theater in the $780 million Town Center, one of the biggest developments underway in southeast .

Cinépolis USA will open a nine-screen, 40,000-square-foot cinema in 2020 in the town center, according to Tavistock Development Co. LLC. Orlando-based  currently is working on the town center’s $300 million second phase.

It’s the second Cinépolis in Central after the company opened a theater in Winter Garden earlier this month.

Ticket prices typically range from $10-$18 for adults and $8-$14 for children.

Outside of Cinépolis, Lake Nona Town Center’s second phase also will feature a brewery, comedy club and live performance venue, bowling concept, a 215-room luxury hotel and more than 80 restaurants and shops.

“Cinépolis is the entertainment centerpiece for the next phase of the Lake Nona Town Center,” Jim Zboril, president of Tavistock Development Co., said in a prepared statement. “The theater experience is exceptional and epitomizes the quality guests can expect when visiting the town center.

About 37 major retailers are interested in opening shops inside the development. Those retailers range from American Eagle Outfitters (NYSE: AEO) to Dick’s Sporting Goods (NYSE: DKS). Tavistock hasn’t confirmed any of the potential retailers as tenants.

Retail interest in Lake Nona shouldn’t be a surprise since population growth — as evidenced by home sales — drives retail. Lake Nona 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.

In addition, Lake Nona’s daytime population continues to grow with its 650-acre 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, and the teaching hospital being built by University of Central Florida-Hospital Corp. of America (NYSE: HCA).

Residents in Lake Nona often have higher wages and live in pricier than the average Orlando resident. Lake Nona household income was $143,500 in 2017, nearly three times Orange County’s average household income of $49,391, according to Orange County Property Appraiser Rick Singh. And that is attractive to major retailers.

“The market as a whole in Lake Nona has only gotten better and continues to get better,” retail expert Jorge Rodriguez, executive managing director in Central Florida of Colliers International

Orlando nightclub company is opening a ‘very different’ concept downtown

 

Nightclub History-The worst fire in Orlando’s history broke out on Jan. 12, 1884, destroying a newspaper along with grocery, millinery and drug stores.

In the disaster’s wake, a Rollins College chemist named Norman Robinson set out to create a fireproof building. It wasn’t a bad idea. The city of Orlando didn’t have a fire department at the time and wouldn’t organize one until the following year. Robinson created concrete blocks at his laboratory near Park Lake, which might have been used in the construction in 1884 of 63 E. Pine St., according to city records.

Team Market Group LLC — which operates nightlife venues such as Tier Nightclub and Mathers Social Gathering — plans to open The Robinson Cocktail Room on the top floor of 63. E. Pine St. It’s the latest concept for the growing company, which announced in June it was expanding into Jacksonville with a new Mathers.

 

 

 

Norman Robinson’s quest for invention and discovery is what inspired us to want to evolve the Robinson Building into a venue featuring an innovative and progressive cocktail program and culinary approach that we hope would have made Norman proud,” said Keith Mawardi, who founded Team Market Group in 2006 with his brother, Romi Mawardi.

Amazon delivers up hiring events for Lake Nona fulfillment center

By   – Staff Writer, Journal
 Updated 

Amazon.com Inc. (Nasdaq: AMZN) on Aug. 10 kicked off mass efforts to hire more than 1,500 workers at its new $132 million fulfillment center.

The Seattle-based e-commerce giant wants to fill full- and part-time positions for its 2.3 million-square-foot, four-story Amazon Robotics fulfillment center in southwest Orlando. Amazon will host hiring events between Aug. 10-23 at the Hilton Garden Inn at 7300 Augusta National Drive near Orlando International Airport.

Prospective candidates will be seen by appointment only will be hired on the spot during the event. Appointments can be set up one online on the company’s Amazon Delivers job website, as there will be no walk-ins. Those interested in mobile phone updates also can text MCONOW to 77088. Benefits will include health care coverage starting on Day 1, up to 20 weeks paid parental leave, 401(k) and company stock awards; shift schedules will vary.

Amazon previously announced it will hire up to 1,500 people for the Lake Nona center and has the potential to hire up to 2,500 during the holiday season. It has more than 125,000 full-time associates at more than 100 fulfillment centers across North America.

Meanwhile, Amazon’s fulfillment center is part of a boom in major development in the southeast Orlando’s Lake Nona. Audit giant KPMG LLC is underway on a $450 million training complex and the U.S. Tennis Association, which already built its $100 million National Campus in Lake Nona, wants to expand. And Lake Nona developer Group has kicked off early work on the next $300 million phase of the Lake Nona Town Center, which reportedly is attracting plenty of major retailer interest.

Lake Nona has more than 11,000 residents, 5,000 employees at its 650-acre life sciences hub and about 11,000 students at its schools — including the University of Central College of Medicine.

“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 Tavistock Development Co. LLC, previously told Orlando Business 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.”

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.

IMG_3050-blog
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.

KPMG-learning-facility-blog
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.

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.

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.

Tavistock buys 1,000-plus acres of Orlando airport land for $64M

Lake Nona is expanding its boundaries south of and it now owns the land it needs.

Lake Nona developer  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 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
  • 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 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.

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.