Lake Nona is a multi-faceted, 7,000-acre master-planned community in the city of Orlando that combines the very best in planning and design principals. Lake Nona is a large-scale, livable community with exceptional healthcare, kindergarten through graduate-level education in medical and life sciences, diverse workspace offerings and comprehensive shopping and entertainment choices.
The centerpiece of the community is a burgeoning life sciences cluster becoming known as Lake Nona Medical City. It includes the University of Central Florida College of Medicine and the Sanford-Burnham Institute for Medical Research at Lake Nona. Construction is underway on Nemours Children’s Hospital, one of the nation’s largest children’s health systems, as well as the Orlando VA Medical Center, which will serve Central Florida’s 400,000 veterans. Both Lake Nona facilities are scheduled to open in 2012. In addition, the University of Florida broke ground on a Lake Nona academic and research center, which will house a Comprehensive Drug Development Center, the UF College of Pharmacy doctoral program and biomedical research laboratories.
Home to the renowned Lake Nona Golf & Country Club, Lake Nona also has plans to create a major open-air town center that will offer the very best in department stores, upscale fashion and large-scale retailers, restaurants and other entertainment venues. Located near Orlando’s world-class international airport, Lake Nona is destined to become one of the finest communities in the world.
The cluster is an economic engine for Central Florida and the focal point of Lake Nona’s 7,000-acre development of regional impact, which has approved entitlements for 9,000 residential units; 950,000 GSF of retail; 2,250 GSF hotel resorts/villas; 950,000 GSF office space; and 4,870,000 GSF of commercial space. Lake Nona Medical City is projected to bring 30,000 jobs to Orlando and have a $7.6 billion impact on the economy within the next ten years, according to Arduin, Laffer & Moore Econometrics. Not to mention the small businesses that are springing up around it.
Lake Nona offers a growing community of homes, estates and luxury residences, presenting views of fairways, green meadows and a peppering of freshwater lakes amongst native trees. Homes and developments in the area complement its natural beauty and the ongoing development of the Medical City with Lake Nona, a city within a city. The community boasts an A-rated education, a commitment to preserving the environment, and an interest in employing advanced technology.
The area enjoys ongoing job growth, an able and abundant workforce, and no state income tax. Lake Nona had been previously recognized for its proximity to the tourism of Orlando, but now presents a continual economic bolster for the city with the development of Medical City. The central location allows for easy vacation getaways or business travel with a short commute to Orlando International Airport. Whether you’re working, relaxing, or starting a family, the Medical City community offers an ideal Floridian destination.