WELLNESS WAY – CLERMONT, FL
What is Wellness Way?
The Wellness Way Area Plan is located in the southern portion of Lake County. It is bordered on the West by Orange County’s Horizon West Development. Wellness Way has been recognized for many years as an area with significant potential for economic development.
Wellness Way’s Impact on Lake County
Wellness Way will enable Lake County to both diversify its economy and protect natural resources. It will strengthen Lake County’s connectivity with other economic hubs in the region and will create a long-term master plan for the South Lake Region. It will promote economic development while encouraging fiscally-efficient and well-balanced development patterns.
Olympus: Wellness Way Stage One
The first major project for Wellness Way is Olympus, a massive sports venue project. Olympus is expected to break ground in the first quarter of 2019. Parts of it will be up and running by 2020 once the land is purchased and approved by Clermont officials.
It will attract sport related businesses, from retail to professional services. Some of the professional services include personal training, sport biomechanics, sports nutrition, and orthopedics.
The project will incorporate:
- 713,713 SF of office space
- 231,304 SF of retail space
- 129,055 SF of restaurants
- 248,468 SF of sports facilities
- 1,312 guest rooms
Olympus Subsections
The project will be split into subsections:
Northeast Region
- international tennis center
- aquatics center
- sports performance facilities
Central Region
- the “Epic Center,” a multipurpose arena
- broadcast-ready venues
- fitness and health clubs and a wellness spa
Southwest Region
- the village center at its heart with sports themed shops
- restaurants
- hotel and entertainment venues
Olympus will resemble European sports resorts. Olympus will also have its own taxing district that will allow for it to be self-sustaining. This project could generate thousands of jobs and billions in economic impact. It is proposed by 2030 that Wellness Way will generate $542,888,471 additional dollars into South Lake County.
Why Should It Matter to You?
The economic impact of Wellness Way will positively affect existing properties in the area. For example, the 3,640 SF bay available at Sunrise Plaza is a great location for an automotive shop that borders the Wellness Way corridor. Future tenants of this property could expect the following benefits:
Benefits for Future Tenants of the Wellness Way corridor:
- 2,000,000 square feet of office space
- 5,000 new roof tops
- 3,500,000 square feet of commercial and warehouse space
- 23,400 new jobs created
- Tripled traffic counts by 2030 on Hwy 27
Benefits for Current Property Owners in the Wellness Way corridor:
- Increased property values due to location
- Diversified tenant supply in various health related fields
- 5,000 new roof tops
- Tripled traffic counts by 2030 on Hwy 27
- $2,040,000,000 circulating in South Lake County
- Increased rental rates per SF
It is the perfect time to invest in this area, learn about the 3,640 SF suite available at Sunrise Plaza. Click here for more information or call Trey or Michael at 407.872.0209.