Lake Nona Gets OK On Mixed-Use Town Center Project

Apr 07, 2014 No Comments by

Lake Nona will soon start work on its planned town center mixed-use development in Medical City.

The Orlando City Council on March 31 approved a plan for the first phase of the Lake Nona Town Center, which will include a 200-room, dual-branded Marriott hotel, 80,000 square feet of office, 23,550 square feet of retail/restaurant space, a 300-unit urban-style apartment complex and structured parking.

Construction is set to start in May on the town center, which will bring much-needed office space and restaurant options to the 600-acre emerging Medical City life-sciences hub in southeast Orlando.

Medical City is anchored by the Sanford-Burnham Medical Research Institute, Nemours Children’s Hospital, the University of Central Florida College of Medicine and the University of Florida Research & Academic Center. And with the Orlando VA Medical Center’s slated debut by year-end, the hub is expected to create 30,000 jobs by 2017.

Lake Nona also was named one of the top-selling master-planned communities in the U.S. last year by national real estate research firm RCLCO.

The town center is  one of several commercial projects in the works in Lake Nona.

 

Source:  OBJ

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Industry News, Medical, Multi-Family, Office, Retail
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