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 #Lake Nona 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 #Business 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 #Construction 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 #Tavistock 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 #Florida‘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 #Medical City 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.