Tennessee-based Century HealthRealtyand Skanska USAwill be recommended on Monday as the development team to build the first office building in Osceola County's Tech Farm research park.
The firm beat out three other proposals for the county contract, which includes 2 acres of free land adjacent to the Florida Advanced Manufacturing Research Center. Osceola County Manager Don Fisher will recommend the county enter negotiations with the group at Monday's County Commission meeting.
Osceola County is also building the $130 million sensor center that will anchor the county's new 500-acre research park. It's scheduled to open next year, and Fisher said he wants to fast-track the office building.
As general contractor on the sensor project, Skanska was able to offer a unique knowledge of the site. In the proposal, CHR Senior VP Dennis Norvet wrote:
"Skanska's current work at the site on the Manufacturing and Research Center gives us a significant advantage in that we are mobilized, have an experienced team in place and can seamlessly and efficiently execute a 'ready-to-go' approach to the fast track delivery of the office building."
Fisher said he considered speed and affordability in each of the proposals. The CHR/Skanska team offered the fastest completion date at just 11 months.
"We anticipate the design time for 100 percent construction documents to be approximately 90 to 120 days," Norvet wrote. "Our Design-Build team is prepared to deliver a phased permit document approach with Osceola County to expedite construction of the project."
The proposal was also the least costly of the four LOIs. It included a NNN lease rate of $18.50 per square foot, which came in at $4 per square foot below the closest competitor, and a tenant pass-through cost of $6 per square foot.
He also complimented the conceptual design by SchenkelShultz. Theirs was the only concept that utilized the same exterior color scheme and materials as the FAMRC next door.
“I really liked the renderings of some of the other ones – they were beautiful and modern,” Fisher told GrowthSpotter on Friday. “But it’s hard to beat that price per square foot.”
The Orlando Skanska leadership team has successfully delivered over $3 billion in projects in the region over the past two decades, and has been actively involved in supporting a broad range of economic development initiatives in Central Florida.
SchenkelShultz has designed more than $458 million of facilities throughout Osceola County.