Shopping Center Business

DEC 2017

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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LAKE NONA 82 • SHOPPING CENTER BUSINESS • December 2017 tel, Tavistock and Steiner have also an- nounced plans for a new 155,000-square- foot, six-story, Class A, multi-tenant office building and an 11-story, 201-unit residential project. Both are set to break ground later this year. The residential community, set above 32,500 square feet of ground-floor retail, will include a car share program featuring Tesla Model 3s and will introduce the Orlando market's first micro apartment units. Steiner's Executive Vice President and head of leasing, Anne Mastin, says that Lake Nona Town Center's second phase will include a microbrewery, comedy club and live performance venue, home furnishings and fashion retailers, and a siz- able list of restaurants that includes both regional, independent chef-driven con- cepts and familiar nationals. Mastin said additional significant tenant announce- ments are coming soon, most notably a new national cinema anchor. Technology integration is a recurring theme, both for Lake Nona Town Cen- ter and for the larger Lake Nona devel- opment. Lake Nona is the first gigabit community in the region, and the com- munity is one of just nine in the world to be designated as a Cisco Iconic Smart + Connected City. A recently announced deal between Tavistock and Intersec- tion, a company dedicated to improving the experience of public places through technology, is expected to take that tech connection a step further. Tavistock and Intersection, which is backed by Google's parent company Alphabet through its urban technology company, Sidewalk Labs, will work to- gether to create a digital master plan to seamlessly integrate technology into the fabric of Lake Nona Town Center. The result will be a connected, responsive and engaging retail experience that connects the physical world with digital technology to create new opportunities for retailers, restaurants and hotels to offer unique experiences for residents and visitors of Lake Nona. It's a move befitting the larger Lake Nona community, with its established innovation, technology and performance ecosystem. Tavistock President Jim Zbo- ril points to Lake Nona's Sports & Per- formance District and 650-acre Health & Life Sciences Campus, which include two hospitals, two university campuses, an innovation campus and a biomedical research enterprise and NIH research facility. It was not lost on at least one Florida conference attendee that several of the players in the U.S. Open in New York train at Lake Nona's 64-acre United States Tennis Association's (USTA) National Campus — the largest tennis campus in the world and a key feature in the Sports & Performance District. According to Zboril, Lake Nona Town Center's status as the mixed-use core of such an extraordinary community is a unique and defining asset: "We are quite literally in the center of it all." Lake Nona is just minutes away from a super-re- gional, multi-modal transportation hub, including the adjacent Orlando Interna- tional Airport and All Aboard Florida high-speed Orlando-to-Miami passenger train, which are responsible for bringing in many of Orlando's 68 million annual visitors. SCB Lake Nona Town Center will include a microbrewery, comedy club and live performance venue, home furnishings and fashion retailers and a sizable list of restaurants.

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