New York-based KPMG LLP began mass grading work earlier this month on the 54.5-acre site where it's planning an 800,000-square-foot corporate training center in Lake Nona, but has yet to choose a local general contractor to lead construction.
Located at 9313 Lake Nona Blvd., the property was bought from Tavistock Development Company in December 2016 for more than $41.84 million, and both companies celebrated the $430 million project with a formal groundbreaking on May 22.
KPMG's new managing director of construction management, Bill Flemming, said at the time that a local GC with experience in multi-use buildings of this size would be selected for the project by mid-July or earlier.
The company hasn't made that GC choice yet, spokesman Ichiro Kawasaki told GrowthSpotter on Monday, but expects to select and announce a firm "later this summer." No explanation was offered for the delay.
Flemming said in May that a unique challenge of developing the site would involve importing enough fill dirt to create a 10-foot elevation for the entire building pad and entry way. That task should now require an estimated 230,000 cubic yards of fill dirt.
KPMG's mass grading permit was issued in late June, and the company has started mass grading work on the site and importing of the fill dirt.
A new building permit application filed July 5 for site, landscape and foundation for KPMG's training facility remains under review with city staff, pending submission of the actual plans.
The project's 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.