Posts

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.

USTA National Campus to expand

The U.S. Tennis Association National Campus revealed that it wants to score more land for a future expansion to its 64-acre Lake Nona campus.

The $100 million campus, the largest tennis training center in the nation, wants to acquire adjacent land from developer Tavistock Development Co. LLC, Kurt Kamperman, the ‘s chief executive for community tennis and the campus, told  Business Journal during the Orange County Property Appraiser’s 2018 State of event on May 9.

was not immediately available for comment.

Kamperman said he’s talking with Tavistock about “trading a few pieces of land” for the expansion and that the newly acquired land would be within 100 yards or so of the existing USTA campus. “We’re working with Tavistock to find some adjacent land that would give us the opportunity to build a small stadium court for events and possibly have additional indoor courts.”

The reason behind the need for more indoor courts is basic: During the rainy season in July and August, the organization has only six indoor courts for people to use, Kamperman said.

Meanwhile, adding a small stadium court/amphitheater will allow the USTA campus to accommodate larger tennis events. “We would like the ability to host the Davis Cup or Fed Cup and the ability to host smaller professional events,” Kamperman said. “It’s not a set plan, but we would like to have that opportunity down the road.”

The campus currently has 100 tennis courts ranging from green clay to hard, acrylic cushion courts, indoor courts and European Terre Davis red clay. It also incorporates smart technology, allowing the players to record and review their movements, mistakes, and training.

Johnson & Johnson institute’s new HQ to go in Lake Nona’s Medical City

 

Although it was known earlier this year that New Brunswick, N.J.-based Johnson & Johnson’s (NYSE: JNJ) Human Performance Institute planned to expand in Lake Nona, but many assumed its new headquarters would be built near its existing building that’s located at 9757 Club Drive, which has been there for about 20 years on the north side of the southeast Orlando community near the North Lake Park neighborhood.

And now it’s been revealed that the company plans to construct its new $18 million, 34,480-square-foot office building about five miles southwest of its existing 17,000-square-foot location. The headquarters — being developed by Tavistock Development Co. LLC — will go in Lake Nona’s 650-acre life sciences hub known as on 7.7 acres at the southeast corner of Medical City Drive and Laureate Boulevard.

The vacant site at 6614 Laureate Blvd. is south of the existing Sanford Burnham Prebys Medical Discovery Institute at Lake Nona and southwest of the parcel where the University of Central Florida and Nashville, Tenn.-based Hospital Corp. of America (NYSE: HCA) plan to build a teaching hospital.

Once completed by year’s end, the new headquarters of the Johnson & Johnson Human Performance Institute — a division of Johnson & Johnson Health & Wellness Solutions Inc. — will create 25 high-wage positions and draw Fortune 500 companies, professional athletes and military special forces to Lake Nona to work on achieving mental and physical high performance.

The institute chose the site for its new headquarters because “this was really one of the best places to locate [those services] to and go deeper into Medical City with these cutting-edge companies and technologies that are here,” Lowing Kibbey, global head of the institute, previously told Orlando Journal. “That was really our focus, to be in a place where there are that vitality and innovation.”

Check out the site plan and see the photo gallery above for more on the one-story Medical City building.

Tavistock exec’s commitment is building Lake Nona’s sports empire

Lake Nona is one of Central Florida’s fastest-growing regions and a hotbed for new development in all aspects including and wellness.

Inside Lake Nona is a burgeoning 300-acre sports district that’s home to the U.S. Tennis Association’s $100 million USTA National Campus and the future $20 million Orlando City Soccer training facility.

The sports district also has plans for a new eight-story Lake Nona Resort catering to sports performance and well-being, plus a planned water sports park.

Further, the region intends to seek to become the home of USA Gymnastics. The team is leaving its Texas home for a new location and Lake Nona executives have voiced their desire to bring the team here.

At the head of many of those discussions is Andy Odenbach, vice president of sports ventures with Development Co. He is spearheading many efforts by the firm to develop Lake Nona into one of the most cutting-edge sports communities in the world.

Here, Odenbach tells Orlando Journal more about future plans, his goals for 2018 and more:

What are your business goals for 2018? We are working on a number of significant projects right now at Lake Nona. Unfortunately, a number of non-disclosure agreements have been signed that keep me from getting too specific, but if we can announce at least two, then it will be a great 2018.

What are your personal goals for 2018? To make sure I am maximizing quality time with my teenagers. We already have one at Florida State University, and before you know it, the other three will be out of the house, too. I also am looking to shave a few minutes off my time at St. Anthony’s Triathlon in St. Petersburg at the end of this month.

What’s the latest on the efforts to bring USA Gymnastics to Orlando? They still have plenty of things they are working through with a new CEO. I wouldn’t be surprised if a request for proposals is released in the next few weeks.

If you could add anything sports-related besides gymnastics to Lake Nona, what would that be? We recently announced a 110,000-square-foot-plus, medically-integrated fitness facility, in partnership with Signet and Integrated Wellness Partners, last month during the Lake Nona Impact Forum. We need to nail the design, programming and partners. If we do this right, it will become a resource that other national governing bodies, professional athletes and amateur athletes all will want access to, regardless of where they live. You will love being a member to access everything this center will have.

What about the culture of Lake Nona impresses you most?People generally want to be a part of something bigger than themselves. At Lake Nona, people recognize that we are building a city within a city – together. The “together” part is critical to the culture. It’s not about a developer and the residents who happen to live there. It’s an entire ecosystem of people, families, workers, companies, ideas and values that together create this place where great things can happen.

What’s a motto you live by? If you’re going to commit yourself to something, then make sure you are “all in” and give it everything you’ve got. This isn’t just a work thing, it’s a parent thing, it’s a spouse thing, it’s a personal thing, as well. If you can’t give a maximum commitment, then don’t do it. I learned it the hard way, by having those moments when I didn’t fully commit and ended up being disappointed with myself.

Who inspires you to get up and work every day? I used to get up and grind every day for me, but now it’s for my kids. I’m simply hoping the hustle wears off on them.

What do you do to wind down after a busy day? Cook or have a glass of wine with my wife on the couch. Sometimes both.

What are your top three sports or physical activities? Swim, bike, run and golf — oops, that’s four.

What’s your guilty pleasure food? Do India pale ales count? There are lots of carbs and calories in there.

What current businessperson inspires you? I was invited to a KPMG women’s leadership summit and was really impressed with Ginni Rometty, CEO of IBM. She is intelligent, well-spoken and knew the ins and outs of her business. Nothing was given to her and, most importantly, she really seemed to care about her employees and customers. I truly believe if you care about your customers and care about the people who work for you, the results will be there.

Who is a non-living businessperson that inspires you? Anyone who had the courage to create something incredible when society told them they were nuts. Think Henry Ford, Walt Disney, Steve Jobs or the Wright Brothers. I’m a sucker for big ideas and perseverance.

What is the biggest lesson you’ve learned in your career? Stay humble, stay hungry, listen, help everyone you can and don’t take yourself too seriously.

Tavistock adds 2 buildings, bike paths to $780M Lake Nona Town Center

 

The $780 million retail and entertainment complex underway in is getting an estimated $19 million-$27 million worth of new buildings and will be transit-friendly.

Development Co. LLC submitted an amendment to the city of Orlando to establish a town center bicycle parking plan for the second phase of the town center in addition, it includes the addition of land and projects not previously included in the framework Specific Parcel Master Plan approved last year. The new additions include:

  • A four-story parking garage dubbed Building B Garage that will have 840 spaces and 324,000 square feet, for an estimated $50-$70 per square foot, or $16.2 million-$22.7 million, according to industry standards.
  • A one-story commercial building called Building N that will house 27,871 square feet of commercial space for an estimated cost of $100-$150 per square foot, or $2.8 million-$4.2 million.
  • A 175 space surface parking lot, at an estimated cost of $1.25-$1.50 per square foot, according to industry standards. A lot of that many spaces likely would run about 37,000 square feet, at a cost of $46,250-$55,500.

The development group also recently announced that a 110,000-square-foot wellness center with a rock-climbing wall, swimming pools, and high-tech equipment is planned for the second phase of the Lake Nona Town Center.

The first phase of Lake Nona Town Center already opened and includes Class A office space, a dual-branded Courtyard by Marriott and Residence Inn by Marriott hotel, retail and restaurant space and a multilevel parking structure attached to a six-story digital art monument called , on which lights, colors, images and scenes set to music are projected to create a show. At full build-out, the town center will have more than 4 million square feet.

Lake Nona City Park Details – East Airfield and Laureate City Parks

News » Features » Lake Nona City Park Details – East Airfield and Laureate City Parks

 

 

 

 

 

Two new parks are breaking ground in Lake Nona on Thursday, September 7th, 2017. Laureate City Park and East Airfield City Park will both be completed in 2018 and provide Lake Nona residents great options for fun, exercise, and relaxation. We’ll have more details after the groundbreaking ceremony.

Mayor Buddy Dyer and District 1 Commissioner Jim Gray will join with Development Company leaders and community members for the official groundbreaking ceremony for two new city parks in the City of Orlando’s fastest growing community, Tavistock’s Lake Nona. Both parks are planned to open in Summer 2018.

In the northern portion of Lake Nona along Dowden Road and nearby Lake Nona’s Northlake Park neighborhood, East Airfield Park will include four ball fields; a softball field, Babe Ruth/Pony field and two Little League fields with spectator bleachers, a scoreboard and lighting for evening games. In addition, a central pavilion will provide a shaded concession area and restrooms. The park will also include a playground and trails that link you to Lake Nona’s 44-mile trail system.

Further to the south within Lake Nona’s neighborhood, Laureate City Park will include four multi-purpose fields, a practice area, fitness station, playground and pavilion, concession building, and trails along with ample parking. Laureate City Park will be located at the intersection of Hartwell Road and Kellogg Avenue – within walking distance of the new OCPS Laureate Park Elementary School.

Hospital CEO shares why Lake Nona foothold is big part of its long-term plan

 

 

Hospital has been trying to grow its Lake Nona presence for quite some time — and now, its top executive revealed a little more about that strategy.

Florida Hospital President CEO Daryl Tol, who also serves as senior executive vice president of parent Adventist Health System, talked to  Journal about plans for 80-plus acres of land it owns in the fast-growing southeast Orlando community.

And moving quickly on these plans likely will be important for the hospital system, since it no longer is in the running to take over the assets of the 175,000-square-foot Sanford Burnham Prebys Medical Discovery Institute in Lake Nona’s 650-acre Medical City.

Rather, the hospital system is more focused on what it will do with the vacant land it owns in the area.

is an important part of our long-term plan,” Tol said. “We do not have a final plan as to what we will build build but we know that community is going to grow significantly, and it’s going to be important in in our network to have our services there.”

Florida Hospital likely will start with physicians and outpatient services, move on to emergency services and eventually hospitals as the population grows, Tol said.

Adventist Health System/Sunbelt began assembling a big chunk of land in Lake Nona with a 67.24-acre site it purchased in 2016, and then followed that up late last year with another roughly 15 acres on Narcoossee Road on the north and south sides of Lake Nona Boulevard — the latter of which it bought from Lake Nona’s developer, Group, as previously reported by OBJ.

The site is approved for up to 145,000 square feet of medical offices, a freestanding emergency department, an outpatient surgery center, and health and wellness services such as chiropractic services, general physical therapy and rehabilitation services, according to Orange County documents.

“We plan many years out into the future and we look across our entire map and we realized that even before areas have grown to a point where we would build certain services we need to make sure we have a good plan for acquiring property,” Tol told OBJ. “We are very systematic in the way purchase land. Sometime we hold it for a number of years as communities grow and sometimes we build something immediately on the land.

“So you’re going to see us continue to acquire properties around Central Florida based on our longterm plan.”

In fact, Florida Hospital’s parent since last December bought more than 120 acres in Central Florida for future development.

But the 17-square-mile Lake Nona community is a priority for many big companies and organizations. 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. Additionally, the community already boasts more than 11,000 residents, 5,000 employees, plenty of new activity in the 300-acre Sports & Performance District, and more than 11,000 students at its schools.

Florida Hospital earlier this year was competing with the University of Central Florida to win the assets of Sanford Burnham, which expects to wind down operations. But the hospital system withdrew its proposal after it was publicly revealed that Florida Hospital had an agreement with Sanford Burnham that was unbeknownst to Orange County officials and other stakeholders.

Lake Nona teaching hospital plans reveal future expansion

The University of Central Florida and HCA Healthcare’s application for a new teaching hospital in Lake Nona give a first look of the new facility and the medical spaces it will create.

Development Co. is seeking approval to build the UCF Lake Nona Medical Center, which will include a three-story teaching hospital with 64 beds and shell space for another 16 beds, a 60,000-square-foot, three-story medical office building, a power house for utilities, a helipad and 592 parking spaces.

The plans, which are waiting approval for the first phase, show that would later expand the first floor of the hospital and build a future bed tower.

The hospital is slated to open in 2020 on undeveloped property adjacent the UCF Health Sciences Campus currently used for agricultural purposes.

The hospital would sit between the UCF medical school and the building housing the Sanford Burnham Prebys Medical Discovery Institute at , which UCF plans to take over once the institute vacates the property. UCF has waited for nearly a decade to establish a teaching hospital.

“Every great medical school has a teaching hospital, and great hospitals are affiliated with top-notch medical schools. 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,” Dr. Deborah German, UCF’s first dean of the College of Medicine in Lake Nona, previously told Orlando Business Journal.

Once completed, the hospital will be a living/learning lab for training medical, nursing, physical therapy, pharmacy and social work students in teamwork skills and communication.

The main access to the hospital will be provided from Lake Nona Boulevard with secondary access points from Laureate Boulevard, Humboldt Drive and Drive.