If you own a home in Lake Nona or the surrounding areas, there’s a good chance you’ve been following the news on the new Lake Nona Medical Center that has already broken ground. It seems like every week we’re hearing good news about what’s coming, and this week is no exception.
According to an article in the Orlando Business Journal, “The U.S. Department of Veterans Affairs on Sept. 11 closed on its highly anticipated acquisition of land in Lake Nona for an undisclosed price.” They went on to say that, “The 65-acre parcel will be the site of the planned Orlando VA Medical Center, a $656 million medical complex that will include a 134-bed hospital, a 120-bed nursing home, a 60-bed assisted-living facility/transitional housing, an outpatient clinic and a veterans benefits mini-service center.”
With the current real estate market conditions in Orlando, it’s nice to see this type of development. There’s no doubt in my mind that the medical center, open-air mall, and slew of doctors, and medical staff moving into the area, the Lake Nona area should see an upward turn in home prices. There’s no guarantee, but it’s all very promising.
Look for construction to start on the Lake Nona VA Hospital in spring of 2009, and should be completed by 2012.