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Medical City at Lake Nona – Construction proceeding on schedule

By
Real Estate Agent with RE/MAX Properties SW

"Medical City" is currently being constructed in the Lake Nona area of southeastern Orlando FL and is on track to provide numerous construction jobs, economic development and additional excellent medical facilities for the entire Orlando area.  Among other entities it includes the new UCF Medical School and a new VA Hospital.

The impact on our local real estate market should be significant in the next few years.  Specialized construction workers have been arriving.  Almost all are procuring rentals which has been helping many rental property owners. 

Foreclosure, a widespread problem, has seriously increased the number of Orlando Area homes for sale. This inventory of foreclosed homes should be reduced as people move into the area to be close to their jobs in Medical City.  Nearby areas, such as Kissimmee, St. Cloud and Disney areas should also benefit because they offer attractive living areas with a reasonable commute to the Medical City and Lake Nona areas.

Before long technical and support staff should be arriving and looking to purchase permanent residences.  Some could even be clients whose homes you have been asked to help sell.  Be sure to ask so you don't lose a referral opportunity.

Additional details about institutions being built at Medical City at Lake Nona were included in a recent blog on my website. From time to time updates will be posted here.

Comments (1)

Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

Richard, the Medical City project is sure to bring a positive impact to the local economy.

Feb 09, 2011 11:50 AM