Tavistock Development Company is readying plans in Lake Nona to develop an 11-story mixed use building directly across from its future 100-acre Lake Nona Town Center commercial district, to include a 151-unit apartment complex, ground-floor retail and a restaurant with distillery.
Located on the southeast corner of Lake Nona and Tavistock Lakes boulevards, the project will cover 3.46 acres of PD-zoned property within a 8.9-acre undeveloped parcel.
It will be neighbored to the west by Lake Nona Town Center and directly across from the new Chroma Modern Bar + Kitchen restaurant, to the north by the new Landon House apartments complex, and to the east by a future UCF Life Sciences campus.
The developer had a Specific Parcel Master Plan (SPMP) approved in August by City Council for an 11-story mixed-use development, which would include a three-story parking garage (300 spaces) connected by an elevated bridge, and 28,000 square feet of ground-floor commercial.
A foundation-only building permit was issued for the development in August, and on Sept. 27 Tavistock filed a minor plat for the project.
The commercial space would be broken down into 14,000 square feet for retail/pharmacy, a 9,100-square-foot restaurant and distillery, 3,700 square feet of office, a 1,200-square-foot cafe, and 8,000 square feet for service/back-of-house, according to plans filed with the city.
Tavistock declined on Monday to announce any signed tenants for the space yet.
Site work on the 3.46 acres is projected to begin in early 2017, with vertical construction targeted for the second half of the year, a company spokeswoman said. Tavistock also declined to disclose its projected investment overall.
The 151 proposed apartments would break down by unit size as six efficiencies, 66 studio and one-bedroom, and 79 two-bedroom. Gross floor area for the entire development would be 197,461 square feet.
Lake Nona Town Center is projected to have 3.8 million square feet of commercial space across the street from this 11-story apartment building.
It's first $70 million phase is already complete, and includes an 85,000-square-foot four-story office building with ground-level dining, and a 200-room dual-branded hotel with Courtyard by Marriott and Residence Inn.