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GDC Parted Ways With Orlando Health On Former Lucerne Pavilion

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Orlando Business Journal logo,bizjournals.com/orlando

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New York developer GDC Properties parted ways with Orlando Health on plans to raze and rebuild the former Lucerne Pavilion into an estimated $179.4 million mixed-use project just south of downtown Orlando, putting the project back up for grabs for another developer. GDC Properties’ plans had included 660 apartments, 60,000 square feet of office space, an 80,000-square-foot retail complex, a 200-room hotel and a 1,137-space parking garage on the 10.7-acre site near Orlando Regional Medical Center. Orlando Health said it still plans to redevelop the property as a mixed-use complex.

In other business news, Tavistock Development Co. plans to build a new 11,000-square-foot shopping center next to the Valencia College Lake Nona campus in Medical City on Narcoossee Road. Vickrey Place at Lake Nona is expected to feature seven retail spaces, an oversized covered patio area for outdoor seating and an end-cap space with a drive-through lane. Hand & Stone massage and facial spa was the first tenant to sign on, taking a 2,537-square-foot space. The construction timeline wasn’t shared on the estimated $2.2 million project. Lake Nona currently has $2.8 billion in projects under construction.

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