“Lake Nona Landing is a high-quality shopping center; we made the difficult decision to sell it as we focus our efforts on the balance of the strategic plan for the community,” says Skipper Peek, senior vice president of Development for Tavistock. Lake Nona is ranked as one of the fastest-growing communities in the nation, the fastest growing in metro Orlando, and fourth fastest-growing in Florida. The master-designed community is planned to include over 10 million square feet of medical/commercial space, over 2,200 hotel rooms and more than 11,000 residences upon full buildout.

Lake Nona is home to education facilities, a health and life sciences cluster, a sports and performance district highlighted by the United States Tennis Association's National Training Campus and the largest tennis facility in the world with 100 courts. It is also home to KPMG's US Training Headquarters, diverse workspaces, recreational facilities, and supporting retail and entertainment venues all within a dynamic, vibrant community of medical professionals, wealthy executives, upper-middle class families, and young active retirees.

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“As retail reemerged from the Great Recession, we saw leaner and more consumer-driven concepts,” Terrence Hart, the tenant/landlord representation broker leading Franklin Street's Orlando retail division, tells GlobeSt.com. “Meanwhile, there has been a major shift in consumer shopping habits led by a mass influx of the Millennial generation. This generation has fully entered the mainstream workplace and now have more discretionary income than any other generation before them. Their alternative buying habits are having an enormous impact on retailers.”