Lake Nona, the Orlando Master Planned Community, Sees Booming Real Estate Development
Lake Nona is a master planned community located in Orlando that seems to be getting more successful by the day. For those that aren't aware of Lake Nona, here's the description of this unique Florida community from the LearnLakeNona web site:
Lake Nona is a 7,000-acre master planned community within the city limits of Orlando that will be home to world-class education, medical and recreational facilities, a medical city, diverse workspaces, retail centers, entertainment choices and residential options for all types of people seeking the best the city has to offer with all the conveniences of living within a dynamic, vibrant community. Lake Nona is being developed by Lake Nona Property Holdings, owned by Tavistock Group, a private investment company with a broad portfolio of assets around the world.
Lake Nona Development Booming
This week, the Orlando Business Journal reported on how popular Lake Nona really is these days: in this bad economy, 300 new home sales were made in 2012 in the Lake Nona neighborhoods of Laureate Park, Lake Nona Golf & Country Club, Village Walk and Water’s Edge: the best sales record for Lake Nona since 2005. For more details, check out the info at the Lake Nona blog.
Commercial development is looking good for Lake Nona, too.
It's not just residential development that is booming -- some would argue that the residential boost in 2012 is following on the coattails of commercial development that is already in place (Medical City) or is in the process of being completed. Consider:
- In August 2012, Valencia College ’s Lake Nona campus at Medical City opened for students
- In March 2012, construction began on a 79,000-square-foot Publix-anchored shopping center.
- Additionally, there are the new and expanding medical facilities in Lake Nona's Medical City:
•Nemours Children's Hospital at Lake Nona Medical City will open at a cost of $380 million next month.
•VA Medical Center at Lake Nona, 1.2 million-square-foot medical center costing more than $650 million expected to be open for patients in mid to late 2013.
• Orlando Regional Medical Center adding a 10-story patient tower at a cost of $300 million; scheduled to be complete in late 2015.
For more information regarding Lake Nona, leave a comment or visit the Lake Nona website.