Get ready to mark your calendars. Tomorrow, October 3rd, there will be a groundbreaking celebration to kick off the start of a new economic era in Orlando. Burnham Institute for Medical Research, and the UCF College of Medicine break ground in Lake Nona at the region's emerging life sciences cluster. Mayor Buddy Dyer and a host of other speakers will be in attendance.

We've mentioned the changes coming to Lake Nona, and Burnham Institute and the UCF College of Medicine will serve as the cornerstone for the growing area, which, when complete, will have a tremendous economic impact on Orlando ranging in the billions of dollars, and generating thousands of jobs in the next ten years.

Other planned projects for the Lake Nona Science and Technology Park include Orlando Veterans Affairs Hospital and the Nemours Orlando Children's Hospital and Research Campus.

Living only a few miles from Lake Nona, I'm extremely excited about the changes coming. I can't say I'm thrilled about the traffic congestion this will cause, but from what I've heard, Narcoossee Road, which, along with SR 417 will serve as the arteries for this new complex, is set to get a nice facelift very soon to accommodate the increase in residents. We're still waiting for more information on the Lake Nona open-air mall, which we receive a ton of questions about, so as soon as we get word, we'll let you know.

What are your thoughts on the changes to Lake Nona? Are you excited about the economic impact? Or do you think it's just hype? Let us know in the comments.

To follow all of the breaking news in Lake Nona, you can visit their Lake Nona News Site.

Tags: burnham, economy, business

This weeks zip codes: 32801, 32806

Houses

Residential activity August 12 to September 12

How many listings: 456
How many sold: 20
Average days on market: 103
Median sales price: $280,500
Median percent difference in listing/sold price: -1.1%
Average sales price: $357,038
Average percent difference in listing/sold prices: -4.3%

Features of Properties Sold

1 or 2 bedrooms: 2
3 bedrooms: 10
4 or more bedrooms: 8
Fireplaces: 10
Pools: 3

The most expensive house listed for $1,199,000. It sold for $1,200,000 after 6 days on the market. It was a 5 bedroom, 4.5 bath house, built in 1985, and has 3,948 square feet.

The least expensive house listed for $194,900. It sold for $140,000 after 65 days on the market. This was a 2 bedroom, 1 bath house, built in 1947, and has 929 square feet.

Source: The Orlando Sentinel

Tags: orlando, by zip