Tavistock Development Company, a diversified real estate firm owned by Tavistock Group, announced today plans for a speculative 155,000 SF, six-story, class-A, multi-tenant office building in the growing Lake Nona Town Center, as part of more than one million square feet of planned speculative and shovel-ready office projects in its Orlando development pipeline. The office projects are planned for Tavistock’s large-scale Lake Nona community in southeast Orlando and the company’s 200-acre Infinity Park corporate park on John Young Parkway.
“We believe there is an opportunity to fill the void of office space in the Orlando market within two dynamic locations,” said Tavistock Development Senior Vice President Skipper Peek. “Both Lake Nona and Infinity Park share great regional access, excellent proximity to one of world’s best airports, a robust labor market, a great climate and a business-friendly state. In addition, Tavistock brings a rare combination of financial resources, experience and creativity, which have been instrumental in helping us win deals and bring several significant corporate projects to the Orlando market.”
With a strong pipeline of interest driven by Tavistock Development’s business development team, with support from community and government partners, the investment in inventory will continue to attract eminent companies to our region and position Orlando and Lake Nona as an economic engine and significant job creator for the region.
Conveniently located at the southwest corner of Veteran’s Way and Lake Nona Boulevard, the Town Center’s newest multi-tenant office building will consist of 25,000+ SF floor plates, upgraded design finishes and an exquisitely landscaped plaza with outdoor seating. In addition, tenants will have access to free parking within a multi-level garage that doubles as public art adorned with colorful dichroic glass, lighting and a ‘Code Wall’ and is attached to a six-story digital art monument called ‘The Beacon.’
Designed by award-winning architecture firm m+a architectswith design architect Place Alliance,PCL ConstructionServices, Inc was selected as the General Contractor and plans to break ground on the project this Fall with a projected completion date in Fall 2018.
“We are excited to begin construction on the Lake Nona Town Center office project and to continue our relationship with Tavistock Development Co.,” said PCL District Manager Rick Goldman. “The development of this Class A office space will bring more forward-thinking business to Lake Nona and promote greater employment and economic opportunities for the people of Central Florida. PCL is honored to be a part of this important project.”
One of the fastest growing communities in the nation with more than 10 million square feet of current and planned residential and commercial development, Lake Nona has more than 800,000 SF of new office projects coming online across the large-scale development, which includes more than 200,000 SF of speculative office projects.
On the heels of announcing the largest office transaction in Orange County, Fla. with Orange Lake Resorts’ new 240,000 SF corporate campus at Infinity Park, Tavistock Vice President of Commercial Development Skipper Peek announced that Tavistock would be developing two build-to-suit office sites totaling 260,000 SF at Infinity Park, a 200-acre corporate campus strategically located at the intersection of John Young Parkway and The Beachline (SR 528). Current entitlements within the development plan call for a total of 4.5M SF of office and industrial within the mixed-use business park.
ABOUT LAKE NONA
Orlando’s Lake Nona is one of the fastest-growing communities in America with more than 10 million square feet of world-class residential and commercial facilities – and it’s just getting started. The large-scale, master-designed community is home to thoughtfully designed neighborhoods, world-class education facilities, a Health & Life Sciences Cluster, a Sports & Performance District highlighted by USTA’s New Home of American Tennis – the largest tennis facility in the world, diverse work spaces, recreational facilities, retail centers, and entertainment venues encompassing the best Orlando has to offer with all the conveniences of a dynamic, vibrant community. Driven by a long-term vision, Lake Nona is committed to building an innovative community that inspires human potential whilst being focused on sustainable design, healthy living, and groundbreaking gigabit fiber optic technology. Adjacent to Orlando International Airport, Lake Nona will feature millions of square feet of commercial space, thousands of hotel rooms, 25,000+ residents and hundreds of shops and restaurants. For more information, visitwww.lakenona.com
ABOUT TAVISTOCK DEVELOPMENT CO.
Tavistock Development Company is a diversified real estate firm owned by Tavistock Group specializing in planning, design, finance, construction and development. Tavistock Development Company’s real estate portfolio is highlighted by the large-scale, master-planned community Lake Nona in Orlando, Florida, in addition to its infrastructure network, residential, office and retail development and medical and educational institutions. For more information, visit www.tavistockdevelopment.com
ABOUT PCL CONSTRUCTION
The PCL family of companies are construction leaders in buildings, civil infrastructure and heavy industrial markets. Established as construction partners who are passionate about what they do – PCL prides itself on being solution providers. For more information, visit http://www.pcl.com/
