Advertisement
Industrial Real Estate Developments

Tavistock seeks entitlement change to allow multi-family at industrial-focused Infinity Park

Only a few parcels remain within the 206-acre Infinity Park mixed-use district, and some are too small to accommodate a large-scale industrial user.

Infinity Park — a 200-acre cluster of parcels in Orlando’s tourism district that was originally intended as a business park for industrial development — is quickly running out of room for warehouses, office and retail space.

Now the property owner, Tavistock Development Company, is seeking a land-use change that will allow people to one day call the area home.

Advertisement

The company ― which has transformed Orlando’s Lake Nona community into one of the hottest residential markets in Central Florida — has filed a request to Orange County requesting a change to entitlements to allow for the construction of as many as 750 multi-family units within Infinity Park.

“We’ve maximized what we could do in that area with industrial,” Karlee Kunkle, the company’s senior communications manager, told GrowthSpotter. “We are just putting ourselves in position where if we want to (put apartments there) in the future we can.”

Advertisement

Located on John Young Pkway, three miles from the Orange County Convention Center, Infinity Park sits between two corporate business office parks.

To the north and on the opposite side of John Young Pkwy: the South Park Center fills 162 acres with 1.54 million square feet of office space. To the south: the Southridge Commerce Park includes 12 buildings covering 1.2 million square feet.

Within Infinity Park, Tavistock has entitlements for 4.5 million square feet.

Thus far, the developer has built out or has approval for 1.8 million square feet, leaving a balance of roughly 2.7 million square feet.

The 1.8 million of spent entitlements includes an industrial and office building currently on site, along with the approval for two more warehouses, two more office buildings, and an additional retail building. Tavistok also has an entitlement on the land for a120-room hotel, but there are no current plans to build one, according to Tavistock.

Tavistock has partnered with McRaney Property Company on the Infinity Park development. The company, which has an Orlando office, completed and delivered Infinity Park 800 and 900 — fully leased — to FedEx and Frito-Lay in 2021.

That achievement earned the park its second NAIOP Best of the Best award for top industrial project. FedEx’s occupancy of over 433,000 s.f. marked the largest move-in of the year.

In 2019, Orange Lake Resort, the parent company of the Holiday Inn Club Vacations brand, moved its corporate headquarters to Infinity Park.

Advertisement

Sprawled across a 240,000 square-foot campus, the space has capacity for 2,100 employees. A second building is under construction, according to Tavistock.

With so many employees working in Infinity Park and with so much growth happening around it, Tavistock would like to one day be able to add apartments to the mix.

“At the moment there are not any entitlements for multifamily at Infinity Park,” Kunkle said. “There’s a lot happening, and while multi family is not currently a use, it makes sense considering how much that side of town is growing.”

It also makes sense, Kunkle said, since there’s not a lot of space left in Infinity Park for future industrial use.

Infinity Park is located in Orlando's tourism corridor, roughly 3 miles from the Orange County Convention Center.

“I would say based on how the land is laid out and the different parcels there wouldn’t be room to do any more industrial than we are already doing,” she said.

There are not any current plans to build an apartment in Infinity Park, and it has not yet been determined where on the site a multi-family project would go, Kunkle said.

Advertisement

Their first step is to get the zoning change approved. The proposal is on the agenda of the April 20 meeting of the Orange County Technical Review Group.

Tavistock is also in the midst of trying to secure additional entitlements for property it owns in Lake Nona, including an allowance to build an extra 7,225 housing units, on top of the 13,592 currently approved for the area.

The developer is also seeking new entitlements for Lake Nona in order to lure more retail options and corporations, particularly within the aviation and aerospace sector.

Lake Nona got an economic boost in 2021 when Walt Disney World secured 60 acres of land to build office space for roughly 2,000 employees.

Have a tip about Central Florida development? Contact me at (407)420-5058 or dwyatt@GrowthSpotter.com, or tweet me at @DustinWyattGS. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


Advertisement