Avalon Park in East Orlando braces for wave of new development when Innovation Way–S.R. 528 link opens to Medical City

ORLANDO - Avalon Park in east Orlando is bracing for a wave of new commercial development and new jobs when Orange County opens a temporary interchange in May linking the UCF campus and the Innovation Way corridor with S.R. 528, Lake Nona’s Medical City and Orlando International Airport.

Eric Marks, senior vice president and chief operating officer at Avalon Park Group, said Avalon Park is approaching the halfway point of its approved one million square feet of commercial space, and new development resulting from the transportation link could add as much as 550,000 square feet of commercial space at Avalon Park within five to seven years.

“As the middle link between the UCF campus and the UCF College of Medicine, we’re perfectly located to serve both hubs simultaneously,” Marks explained.

“The economic impact in terms of new employment and new development will benefit the entire east Orlando region, and we anticipate an increase in demand within the first year,” he said.

Medical City, which also includes the new V.A. Hospital, Nemours Children’s Hospital and the Burnham Institute for Medical Research, is expected to generate more than 5,000 new jobs over the next five years, including doctors, medical staff, technicians and support workers. Widening Alafaya Trail will begin next June.

Marks said Avalon Park will benefit from two types of commercial users.

“We will see a significant increase in demand for space to serve our existing community,” Marks said. Avalon Park now includes more than 3,500 homes, with a mixed-use downtown district that includes offices, shops and stores, along with condominiums and rental apartments.

“Downtown Avalon Park is a tremendous asset,” Marks said. “The opportunity to walk out of your office building onto a downtown street within a block or two of dozens of restaurants, cafes, shops and stores is very appealing,” he said.

Avalon Park’s equidistance from the UCF campus and Medical City will attract a second group of service businesses and providers that want to serve both markets, Marks added.

“From service businesses such as health care, insurance and legal to primary employers such as software, telecommunications and research and development firms, Avalon Park offers a unique environment,” he said.
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For more information contact: Eric Marks, Senior Vice President, Avalon Park Group 407-658-6565; ericm@avalonparkgroup.com; Ross Halle, Vice President / Town Planner, Avalon Park Group 407-568-6565; rossh@avalonparkgroup.com; Stephanie Hodson, Marketing Coordinator, Avalon Park Group, 407-658-6565; Stephanie@avalonparkgroup.com; Beat Kahli, Owner/Founder, Avalon Park Group, 407-658-6565