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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.”

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.”

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.

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.

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.