A combination of housing, retail and biomedical research space will be built over the next decade around Florida Hospital in Downtown Orlando.
Renderings of the "Health Village" were unveiled on Thursday. The $810 million development includes a 5-story, 450,000-square foot apartment complex and mixed use retail space.
"We didn't want to create just another biotech park," said David Banks with Florida Hospital. "So we added the elements of housing, and urban design, and it really has turned into a very powerful project where we're hoping people can work, live, eat, shop, play."
It's being touted as a 21st century destination for health care and research, estimated to create 8,000 new jobs. Bioresearch partners Mazor Robotics and Profil Institute have already signed on to become a part of the village.
"This allows us to have our partner companies right next to us, the companies that are innovating the next drug, the next procedure, the next surgical device," Bank said.
"Orlando is truly becoming a medical destination," said Orlando Mayor Buddy Dyer. "You think of 'health village,'" the mayor said of Florida Hospital's expansions. "You think of what Orlando Health is doing on their campus," he said of an expansion underway on the south side of downtown at Orlando Regional Medical Center.
The Florida Hospital campus beat out cities like Boston and New York for a health village concept, something Mayor Dyer said will bring even more talent and growth to the City Beautiful.
The residential component of this development is set to be finished by the end of next year, and the entire health village is set for completion in 2023.