Prices Starting to Top OutBy Suzanne De Vita Home prices are starting to top out, with appreciation decelerating as the market moves toward a peak, according to the Buy vs. Rent Index
Thinking Of Relocating To Orlando
If You Are Thinking About Relocating to Orlando, You May Want To Read This.......
I've been paying attention to a couple of markets here in Orlando and based on potential growth, quality of life and affordability. I've decided to compare a few up and coming communities that people would want to consider when relocating to Orlando and see how they differentiate from each other. Here is the first of many blogs on Relocating .
First let's start with Lake Nona :
Driven by a long-term vision, Lake Nona is committed to building an innovative community focused on sustainable design, healthy living, and groundbreaking gigabit fiber optic technology. The 17-square-mile master-designed community is home to thoughtfully designed neighborhoods, world-class education facilities, Lake Nona Medical City, 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.
January 2, 2017- Lake Nona announces that it will open the USTA campus to the public and is ready to provide a tennis experience like never before. It offers 100 state of the art courts with a mix of hard and clay courts.
My partner Richard and I have had the privilege of viewing these courts and they are worth all of the hype further helping the Orlando's economy even further.
January 29, 2017- KPMG, one of the four largest accounting and professional services firms in the world, officially announced its new $430M global training and conference center in Lake Nona Monday morning.
"One of the key factors for choosing Lake Nona was the innovation and of course the recreational facilities," KPMG's U.S. Chair and CEO Lynne Doughtie said.The firm expects to send about 50,000 professionals each year to its new training center, and plans a groundbreaking this spring. Doughtie said the firm has been using various hotels and meeting sights for training, but the new Orlando center will consolidate several functions in one place.
June 29, 2017 - Pixon, Lake Nona’s Newest Multifamily Development , Set to Break Ground.
Thoughtfully located within walking distance to the growing Lake Nona Town Center at the southeast intersection of Tavistock Lakes Boulevard and Lake Nona Boulevard, Pixon is an urban-inspired, 201-unit modern flat community featuring an impressive list of innovative community conveniences including a Tesla rideshare program and concierge delivery system, 32,500 SF of ground floor retail and the Orlando market’s first micro-apartment units.
July 1, 2017 -Amazon today announced plans to open a new fulfillment center in Orlando, Fla. When the site opens in 2018, Amazon will create 1,500 new full-time jobs with benefits and opportunities to engage with Amazon Robotics in a highly technological workplace.
Since Tavistock’s initial acquisition of Lake Nona years ago, Tavistock has continued to partner with government to fast track the development of key infrastructure projects in Southeast Orlando/Orange County, from the construction of the Lake Nona Blvd/SR 417 interchange to the major expansion of Narcoossee Road, regional parks and more. In early 2017, Tavistock Development Company advanced plans with Orange County to expand Boggy Creek Road to accommodate this project. Tavistock Development Company will oversee the construction of these improvements.
July 6, 2017 – Tavistock Development Company, a diversified real estate firm owned by Tavistock Group, announced today that Certara®, the global leader in model-informed drug development and regulatory science, is opening a new office in Lake Nona Medical City in a 3,526-square-foot (SF) space on the second floor of the GuideWell Innovation Center.
July 17, 2017- Tavistock Inks Major Corporate Campus at Infinity Park with Orange Lake
Tavistock Development Company, a diversified real estate firm owned by Tavistock Group, announced today the signing of a built-to-suit lease at Infinity Park with Orange Lake Resorts, home to the Holiday Inn Club Vacations® brand, that will result in the creation of a new corporate campus that will house approximately 2,100 employees within two buildings totaling 240,000 SF. This lease appears to be the largest office lease transaction in Orange County in 2017.
“We are delighted for Orange Lake Resorts to expand their campus at Infinity Park,” said Skipper Peek, Senior Vice President of Tavistock Development Company. “The Orange Lake Resorts campus is great validation of Infinity Park’s strategic location and another major corporate win for the region.”
July 27, 2017- UCF and HCA Healthcare North Florida Division will start building a new hospital next to the College of Medicine in Lake Nona within 18 months.The state’s Agency for Health Care Administration (AHCA) this week gave the final certificate of need approval for a 100-bed medical and surgical hospital that officials hope will be open for patients by the end of 2020.HCA North Florida Division will contribute $175 million to build and begin operating the hospital, called UCF Lake Nona Medical Center. UCF will provide the land and its strong academic brand. No state dollars will be used to build the facility.
August 9, 2017 – Lake Nona announced initial plans for its latest hotel in the fast-growing, innovative Lake Nona community in Orlando, Fla. The modern 215-room hotel, situated in the next phase of the Lake Nona Town Centerwill be a full-service venue that will further establish Lake Nona as a destination for leisure travelers, business professionals, and style-conscious guests. Construction is set to begin early next year.
September 6, 2017 - Two New City Parks will be coming to Lake Nona. Groundbreaking tomorrow.
Further to the south within Lake Nona’s Laureate Park 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.
October 17, 2017- BBA Aviation/Signature Flight Support headquarters moving to the Lake Nona Town Center.Conveniently located within the growing Lake Nona Town Center at the southwest corner of Veteran’s Way and Lake Nona Boulevard, the new BBA Aviation/Signature Flight Support headquarters will consist of 65,000 SF within the newest six-story, class-A multi-tenant office building at Lake Nona Town Center.
November 13, 2017 - Lake Nona Announces New Water Sports Park
Nona Adventure Park will feature the world’s first solar-powered watersports cable system, and the region’s first inflatable aqua park and 60’ climbing tower
Lake Nona, announced today the creation of Nona Adventure Park, a new adventure-based water sports park that will be open to the public next summer featuring the first solar-powered water ski and wakeboard cable park in the world. The park will also include Central Florida’s first inflatable aqua park, a 60-foot climbing tower with a ropes course and climbing walls, pro shop featuring equipment rentals and sales, and an upscale café.
The Rixen cable system will offer two tracks around the lake. The main track is a full-size, six-tower cable that runs 2,500 feet in length at speeds up to 36 mph, and can accommodate up to 10 riders at a time with a selection of wakeboard features for beginner and advanced riders. The second track is a two-tower cable that runs 320 feet long, which is ideal for beginner and intermediate riders. A floating dock will encircle the lake so that riders can easily return to the starting dock no matter where they may fall in the course.
November 16, 2017- Lake Nona releases plans for it's new resort featuring a 15 acre lagoon.
“The new Lake Nona Resort creates a gateway that announces arrival to one of the dramatic man-made water bodies anywhere,” said Bernardo Fort-Brescia, principal of Arquitectonica. “Water and glass interact; they perform together to create an unexpected yet memorable form in the landscape of Orlando’s Lake Nona. The crystal lagoon creates a new geography that deserves a strong architectural response. The building folds to create four facets that sinuously undulate in concert with the lagoon’s organic edges. At its center, the building bridges over the lagoon forming a gateway into the long perspective of the lagoon as it fades into the horizon. The building skyline lowers at the roofline to create an open terrace overlooking the lake and the USTA tennis complex. It creates a delicate link between the two wings and frames the skies beyond.”
Amongst this list of business deals and new developments including entertaining there is also now a growing list of impressive shoppes and restaurants either now open or announced coming soon. Below is the list for 2017:
Nona Tap Room
Chicken Salad Chick
Canvas Restaurant and Market
Bosphorous Turkish Cuisine
Makis Place Sushi Restaurant
Moe's Southwest Grill
Lake Nona’s newest shopping center, Lake Nona Landing, is pleased to welcome eight new retailers and eateries to the neighborhood.
Announced February 3, 2017 a third anchor at Lake Nona Landing with the addition of a 158,000 SF Lowe’s. The home improvement store will be located within the new Narcoossee Road shopping center immediately south of the new Walmart Supercenter at the intersection of Tagore Place, Vickrey Place, and Andric Lane. The new Lake Nona Lowe’s will include an indoor lumber yard and garden center.
In addition to Lowe’s, the following new leases have been executed within the Lake Nona Landing shopping center, totaling 189,056 SF:
TJ Maxx – 20,000 SF
Mattress One – 2,800 SF
Firehouse Subs – 1,800 SF
Anthony Jewelers – 1,400 SF
UPS – 1,165 SF
GNC – 1,400 SF
Rubio’s – 2,500 SF
So, in all of my research in regards to relocating and communities Lake Nona is #1 on the list for growth in all areas. They are not just building homes, townhomes and apartments but they are also growing in commercial developments as well.
For a full report on Lake Nona based on medium home prices and the housing market please email us at : [email protected] or click on the image and fill out our contact form.
Franchesca King of Crown Home Group
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Meet Richard & Franchesca known as the Crown Home Group they believe in “Building Lasting Relationships”. Together Richard and Franchesca have a combined 20+ years of experience in real estate. R....