A proposed retail and commercial development is demonstrating that infill is occurring around Lake Nona, as developers start to rim an area that contains or will contain a medical village, abundant housing, retailers and the headquarters of the US Tennis Association.
The new project, called the Blackfin Shoppes at Lake Nona, and estimated to cost $10 million, will sit at the southwest corner of Narcoossee and Tyson roads, just south of Lake Nona High School
The 14-acre parcel, with seven developable acres, is under contract to Blackfin Partners, a developer out of Palm Beach Gardens.
The company's president, Nathan Landers, said plans are in the early stages but he envisions restaurants, shops and possibly a bank for the four to five buildings he will put on the parcel. He estimates the buildings will cover 35,000 square feet.
The area has cache, Landers said.
Lake Nona "is a community that's transitioning to what communities of the future will be," he said. "It's very strategically designed to create jobs and places to live."
Within two miles of Landers' site are over 20,000 residences either built, under construction, approved or planned. Medical City has advanced health, science and bio research facilities through companies such as Sanford-Burnham Institute, VA Health, Nemours, Florida Hospital, University of Central Florida Medical School and University of Florida College of Pharmacy. By 2017 it is estimated that Medical City will have over 30,000 employees.
Landers' plan is to annex the property from Orange County into Orlando and rezone it from agricultural/rural to planned development.
He hopes to start work in the fourth quarter of next year and finish eight to 10 months later.