• UNIVERSITY OF FLORIDA ACADEMIC AND RESEARCH
CENTER
A 106,000-square foot research center for students and
postdoctoral students in high-paying research roles including
research for infectious disease control.
In total, the Medical City will have an estimated $7.6 billion in local
economic impact and support 30,000 permanent jobs.
Another significant life sciences development is the Bio-Research
Center Village. The first phase of this development comprises a
150,000 square foot research facility with both wet and dry lab
space, clean rooms and updated ventilation systems to handle
tenant needs. At full build-out, two additional buildings equipped
with lab space will be constructed totaling 500,000 square feet to
augment the life sciences cluster Florida Hospital plans to develop.
Two additional developments will also advance Orlando’s economy:
distribution alongside the transportation and logistics hub. While
demand for quick delivery becoming a competing factor for
e-commerce firms, the ILC provides a strategic advantage for
e-commerce retailers to locate to the site. Site planners expect
that by incorporating rail, highway and port connectivity, the
ILC will have the capacity to expedite cargo and decrease lag
times in the later stages of the supply chain, positioning Orlando
as a prime distribution location. Many have dubbed the ILC as
one of the most technologically advanced intermodal terminals
in the nation, allowing for the advancement of about 300,000
containers to be processed yearly.
With such unique recent developments and exciting projects on the
horizon, together with traditional economic cornerstones, Orlando’s
economy and real estate market should continue strengthening in
the future and will remain a competitive and attractive place to do
business over the long-term.
• FLORIDA ADVANCED MANUFACTURING RESEARCH CENTER
Located in Osceola County, the Advanced Manufacturing Facility
will be a research and development center for high tech tools,
like sensors, which will be used for appliances, automobiles,
surgical devices and other technologies as part of the “internet
of everything” trend. The project, which will break ground this
year, consists of a two phase plan to build a local research
hub. The University of Central Florida will be the main partner
with Osceola County on this 100,000 square foot research and
incubation facility. Other local and private firms are expected
to operate within the center as well. However, Osceola County,
which has invested over $135 million into the project, also owns
an additional 200 acres and plans to expand the research park in
future phases.
Sources cited:
• JLL Research
• Florida Department of Economic Opportunity
• Florida Office of Economic and Demographic Research
• US Census
• Florida Realtors
• Enterprise Florida
• Bureau of Economic Analysis
• Orlando Economic Development Commission
• VisitOrlando
• Orlando Business Journal
• Tampa Bay Business Journal
• CSX
• Tampa Port Authority
• Jacksonville Port Authority
• Canaveral Port Authority
• Greater Orlando Aviation Authority
• Kable Intelligence
• Tampa Aviation Authority
• Jacksonville Aviation Authority
• All Aboard Florida
• Various development websites
• Smith Travel Research
• ESRI
• INTERMODAL CENTER AND IMPLICATIONS ON THE
INDUSTRIAL MARKET
The Intermodal Logistics Center (ILC) is a terminal hub located
Winter Haven, Florida. Completed in the spring of 2014, this
318-acre terminal sits on 930 acres of planned space near the
I-4 corridor. The terminal has five 3,000-foot loading tracks
and two 10,000-foot arrival and departure tracks. The site sits
on 930 acres, with a plan to in