Tavistock Development unveiled plans Wednesday for a 54-acre lifestyle shopping center called Lake Nona West to serve Orlando’s fastest-growing community, GrowthSpotter reports.
The announcement came on the same day Tavistock owner Joe Lewis pleaded not guilty in New York to insider trading charges alleging that he fed corporate secrets to romantic partners, personal assistants, friends and his pilots, earning them millions of dollars illegally.
In a statement to GrowthSpotter, the developer said Lake Nona West would incorporate “elevated architecture and landscaping, outdoor entertainment spaces and vibrant public art, which are hallmarks of the Lake Nona experience.”
Lake Nona West will have 405,000 square feet of retail and dining space, anchored by a 150,000-square-foot big box store.
“We are in advanced conversations with several sought-after national and local brands, along with best-in-class shops, restaurants, specialty grocers and personal service operators that will continue to serve our growing Lake Nona community and the broader southeast Orlando region,” said Skipper Peek, senior vice president of commercial development.
Tavistock Spokeswoman Lismarie Gomez said tenants would be announced this winter, and groundbreaking is slated for 2024. The center would open in the fall of 2025.
A prototypical Costco membership warehouse store, like the one under construction in Clermont, is just over 150,000 square feet. Sam’s Club announced this year it’s new prototype store would be 160,000 square feet.
Lake Nona has also recently opened three new office buildings in the heart of the Lake Nona Town Center and will soon celebrate the grand opening of aviation training company SIMCOM, which will welcome 10,000 pilots annually to Lake Nona’s innovative ecosystem.
Lake Nona ranks 45th among the nation’s top-selling master-planned communities, according to RCLCO’s midyear report released Tuesday.
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