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New office space slated for Lake Nona Town Center

By Jack Witthaus  – Staff Writer, Journal

The Orlando-based developer, Tavistock Development Co. is planning for a new 120,000-square-foot office building in the Lake Nona Town Center. It’s the third office project in the $780 million, 3.8 million-square-foot, mixed-use town center that is developing in partnership with Columbus, Ohio-based Steiner + Associates.

is expected to begin before the end of the year.

“Leasing for the building is going very well,” Senior Sales and Leasing Associate Ginger Vetter said in a statement about the second building, which has yet to open. “We expect to announce another regional headquarters and other tenants soon. With the momentum from this building, we’re moving forward with another new, Class A office building.”

The third building’s general contractor is Barton Malow Co., and the architect is a partnership between Gensler and HuntonBrady Architects. Tavistock spokesperson Karlee Kunkle declined to say whether or not a tenant had been signed for the third building or what percentage of the second building has been leased.

The third building’s revelation comes after the second building — an estimated $20 million, Class A 155,000-square-foot, six-story office building at the southwest corner of Veteran’s Way and Boulevard — topped out in March. The second building, called Town Center Office II, is part of the town center’s $300 million Phase 2A. The building was slated to be completed by the end of this year.

So far, BBA Aviation Plc., parent company to Signature Flight Support in Orlando, has signed a 65,000-square-foot lease inside Town Center Office II.

It’s no surprise that there’s interest in the airport/Lake Nona office submarket as average Class A office rents are $30.18 per square foot — the highest in Central and ahead of Orlando’s average of $25.93 per square foot, Cushman & Wakefield (NYSE: CWK) reported. Part of the demand for office space might have to do with Lake Nona’s growing Medical City, which could be spurring other businesses to relocate to the area to serve that new employment base, said Nicole Barry, vice president and director of operations at Tower Realty Partners Inc.

Meanwhile, construction continues on the second phase of Lake Nona Town CenterOrlando Business Journal previously learned about three dozen major retailers — from American Eagle Outfitters (NYSE: AEO) to Dick’s Sporting Goods (NYSE: DKS) — are lining up for a spot inside the town center. Tavistock wouldn’t confirm any of the potential retailers as tenants, but the company recently announced that Dallas-based cinema Cinepolis USA will open a nine-screen, 40,000-square-foot cinema in 2020 in the town center.

The fast-growing community in southeast Orlando boasts more than 11,000 residents, 5,000 employees and 14,000-plus students at its schools.

Tavistock buys 1,000-plus acres airport land

is expanding its boundaries south of 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  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 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.

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.”

 

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.

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.

Lake Nona global biotech firm to build facility, create 300+ high-wage jobs

City Council approved a nearly $380,000 incentive deal Aug. 20 for a Biotech and biopharmaceutical firm to build a major manufacturing plant in .

Cranbury, N.J.-based Amicus Therapeutics Inc. (Nasdaq: FOLD) wants to build a 190,690-square-foot facility — its first biologic drug substance manufacturing plant with associated research and development in Lake Nona. The company will create 316 jobs in Orlando by Dec. 31, 2024. The jobs will pay an average annual wage of $69,670.

Amicus’s total capital investment is $148.85 million to $180 million in and equipment, according to Orlando city council documents. Under ‘s Qualified Target Industry program, the state will provide a total of $1.9 million to Amicus. Orlando will provide 20 percent of the full amount over an eight-year period.

However, the project is not a done deal, yet. In addition to Orlando, the company is considering other states for this project, but the incentives help sweeten the pot for Amicus to choose this area. Orange County also may kick in funding for the project and will decide whether or not to today, Aug. 21, during its commissioners’ meeting.

District 1 City Commissioner Jim Gray agreed that getting Amicus would be a good move for the city. “We are thrilled to welcome Amicus to the southeast part of town,” Gray said during the Aug. 20 city council meeting. “This is exactly what we are trying to attract — an established company with a great reputation bringing some talented smart people and paying them a lot to do their job.”

Tavistock Development Co.’s Lake Nona is a fast-growing southeast Orlando community that already employs about 5,000 people in its 650-acre life sciences hub. 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 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.

University of Central Florida (UCF) approved for Sanford Burnham asset takeover

 

Good morning, Orlando.

The University of Central Florida  () took one step closer to taking over the Sanford Burnham Prebys Medical Discovery Institute’s assets in Lake Nona’s .

The public research university got unanimous approval during the Aug. 20 Orlando City Council meeting to take over the 175,000-square-foot facility. The Orange County Board of County Commissioners and the UCF board of trustees next need to sign off on the agreements, both expected to happen on Aug. 21. The Sanford Burnham board approved the exchange Aug. 14. according to Sanford Burnham spokeswoman Susan Gammon.

UCF would close the deal on Aug. 27, with Sanford Burnham occupying the building until Nov. 30 in accordance with a lease agreement separate from the funding partners, according to Gammon. The city had presented a timeline during its meeting where UCF would close on the facility by Sept. 1. The university would begin conducting research there by March 1, 2019.

The proposed deal would have UCF paying Orange County, the city, and Lake Nona Land Co. LLC, an entity of Development Co., a total of $50 million over a period not to exceed 30 years, according to city documents. The university is set to pay $2 million per year over the first 20 years to the three funding partners proportionally to their involvement and $1 million per year over the last 10 years.

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.

In 2006, the state approved more than $155 million to incentivize the Sanford Burnham institute’s expansion to Florida and required a match by local partners at least equal to that amount, making the total economic package in excess of $300 million committed by Orange County, the city of Orlando and Lake Nona Land Co. Lake Nona developer Tavistock Group had committed $17.6 million as part of the deal, plus 12 acres.

The institute promised to create 303 jobs by the 10th year of operation. But since then, the facility has struggled as federal research grants became scarcer in recent years. By year 10, the institute had created 87 percent of the jobs it had promised.

Sanford Burnham announced in February it would return $12.3 million in state funds before it vacated the facility. Sanford Burnham previously told Orlando Business Journal the $12.3 million is comprised of $10.8 million of unused equipment funds in Sanford Burnham’s possession and $1.5 million in a state escrow account.

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

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.”