New York-based KPMG LLP is moving toward foundation work in October on the 54.5-acre site in Lake Nona where it's planning an 800,000-square-foot corporate training center, after filing permit requests last week with a local regulatory agency.
KPMG applied for a foundation permit on Friday with the South Florida Water Management District, which included final site buildout plans. The property will be served by two stormwater detention ponds, one off-site to the west and the other on-site along the property frontage.
The company has also submitted a foundation permit request to the city of Orlando that is under staff review, managing director of construction management Bill Flemming told GrowthSpotter. He expects a groundbreaking for the foundation work in October.
A general contractor choice has still not been finalized for the project, Flemming added, citing internal and financial reviews, reference checks and more that are prolonging the process. He declined to forecast when a selection may be announced.
KPMG's mass grading permit was issued in late June, and that mass grading work and importing of an estimated 230,000 cubic yards of fill dirt is underway by JR. Davis Construction Company. Enough dirt is needed to create a 10-foot elevation for the entire building pad and entry way.
The project's previously estimated timeline targets the fall of this year for foundation work to start, early 2018 for superstructure construction, late 2018 for the building to be fully enclosed, and year-end 2019 for project completion.
Behind three gated entry points to the property will lie an expansive 54.5-acre campus with outdoor recreation and learning spaces, walking paths, a baseball field, and a boardwalk leading northwest to a dock on Red Lake.
A majority of the property should be developed in Phase 1, with a training and lodging facility totaling 780,000 square feet that includes 800 single-occupancy lodging rooms and 350,000 square feet of conference space, along with an outdoor social venue building of 15,000 square feet.
A Phase 2 expansion would include up to 400 more lodging rooms and 200,000 square feet of event space. The property is expected to have restaurants and bars, hiking and biking paths, a softball field and volleyball court.
GrowthSpotter first reported last August that Tavistock was preparing plans for the site on Lake Nona Boulevard as a corporate training campus, followed by our report on Dec. 8 that KPMG and the city of Orlando had a deal for more than $3.5 million in tax rebates over seven years, in exchange for the company's plan to invest in Lake Nona.