Continuing to beautify our city even more, Tcis building a Lake Nona Town Center on 100 acres of land in two phases. The town center will include a 4-story, 85,000 square-foot office building which will be able to hold many tenants. The ground level will be spaces for restaurants, and they are expecting there to be up to 5. There will also be two other restaurants that are freestanding buildings.
The Lake Nona Town Center will also be full of shops including department stores, other chains, and boutiques. This location will definitely be a great, new place in Orlando to spend the day. For those traveling from a far distance, a Marriott Courtyard and a Residence Inn are being built at the town center, so people will also be able to stay in this new, beautiful location. This town center is 3.8 million-square-feet of open-air lifestyle and entertainment center which will cost about $780 million.
Tavistock is also building a bowling alley, brewery, and medical fitness facility at this center. As mentioned earlier, this construction is happening in two phases. Phase One is a $70 million project that is already in the works and includes two office buildings, some restaurants, and the hotels. Tavistock has partnered with Steiner + Associates which is a Columbus, Ohio-based company that is in charge of leasing and retail planning. They also serve as a development services partner for the town center.
The Lake Nona Town Center is intended to be a place where locals can enjoy their city even more and tourists can gain an even greater experience. The center is located about 8 miles from the Orlando International Airport and 2 miles from the USTA Lake Nona Campus, so there are commonly people from all over the world in that specific part of Orlando.