REAL ESTATE

KPMG to build facility at Lake Nona

BY Al Urbanski

The nation’s fastest-growing planned community keeps speeding along.

The Tavistock development, which already has 12,000 permanent residents, will add another thousand visitors a week thanks to a KPMG training facility that broke ground this week. In addition, the $400 million facility will house an employee staff of 330.

That’s good news for Steiner + Associates’ Lake Nona Town Center — the retail, hotel, and entertainment component that completed its first phase last year. The next phases of the 3.8-million-sq.-ft. center will include a luxury theater, a brewery, a performance venue and a bowling concept, though Steiner is not yet ready to name names.

The town center appears ready for the steady transient population KPMG will bring. Phase one included dual-branded Courtyard and Residence Inn by Marriott hotel and 16,000 sq. ft. of fully leased retail and restaurant space.


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REAL ESTATE

Wireless carrier expanding its store network in California

BY Marianne Wilson

Sprint continues to expand its presence and investment in Southern California.

The company plans to add more than 550 new jobs and 78 new retail locations throughout the Southland by the end of 2017. The new jobs will include a combination of retail, operations and technical experts. Currently, Sprint operates more than 300 branded retail locations throughout the Southern California region.

"This retail expansion is a big part of our local approach that delivers a world-class experience to our customers, making it easier to take advantage of Sprint’s industry-leading value for unlimited data, talk and text, inviting every wireless shopper throughout Southern California to save with Sprint,” said Kevin Kunkel, Sprint’s regional president for Southern California.

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Food co-op leads new Bloomington center

BY Al Urbanski

Green Top Grocery has opened and will anchor The Foundry, a center situated on a boundary between manufacturing and residential neighborhoods in Bloomington, Minnesota.

Green Top could represent the burgeoning of a new player in the fresh and organic grocery segment in shopping centers: the local cooperative. Owned by 1,500-plus local residents, the Green Top co-op attempts to source products from farmers and vendors within a 100-mile radius of Bloomington.

Along with bulk food items, wellness products, and groceries, Green Top operates what amounts to a seven-day-a-week farmer’s market supplied by local operations such as Ludwig Farmstead Creamery, Prairie Fruits Farm, and Sasse’s Apiary.

Also opening at The Foundry were Bloomington Cycle and Fitness, Gingerbread House, and Coffee Hound.


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