Olympus Archives | South Lake Tablet

New Olympus Sports Complex Partnership Is Latest In One-Billion Dollar+ Project Progress

Michelle Delaney — Tue, 28 Feb 2023 01:45:10 +0000

From Orlando Business Journal, Richard Bilbao

The Olympus property has approvals for 1 million square feet of sports and entertainment venues, 1,000 residential units, 1,300 hotel rooms, and 1 million square feet of retail, restaurant and office space.

The 250-acre, mixed-use Olympus Sports & Entertainment project has landed a partnership with Clash Endurance — a Daytona Beach-based sports media and endurance event company — as the exclusive endurance sports and triathlon event.

This move signals another step in Olympus Sports’ progress as it heads toward starting construction.

The massive Clermont sports complex, which is estimated to inject $1.5 billion in economic value at buildout, will begin work on the 60-acre sports campus “later this year,” according to a news release. No specific timeline for construction was detailed.

The development of the campus will begin with construction of five major sports venues, including the championship red-clay tennis complex, a soccer complex, the ice sports center, a criterium course and an Olympus Athlete Center.

(Read more at OBJ )

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Olympus Is Getting A $100 Million State-Of-The Art Health Medical Campus

Michelle Delaney — Thu, 12 May 2022 18:09:26 +0000

Clermont – Olympus, the innovative master-planned health, sports and wellness community located in Clermont, and Healthcare Trust of America, Inc. (NYSE: HTA), the largest dedicated owner and operator of medical office buildings in the United States, unveiled today’s plans for a $100 million, state-of-the-art health campus. The announcement of the health campus, which is expected to generate approximately 325 direct, onsite medical jobs, comes just days after HTA’s purchase of 6 acres and 175,000 square feet of medical office entitlements from Olympus.

As the premier health campus in Wellness Way, the HTA facility at Olympus is designed to feature multi-story, Class A medical office buildings, and a range of medical services –- from cardiology and dermatology to endocrinology and orthopedics. Located in the northwest part of the Olympus property along US-27, the health campus is within walking distance to the mixed-use Olympus Town Center, designed to feature unique residential, wellness, hospitality and entertainment zones. The cost to develop and construct the medical campus at Olympus is estimated at over $100 million.

HTA’s data analysis points to the central-Olympus zone as the most attractive target for healthcare development. 156,000 people currently live within a 15-minute drive of Olympus, with expected growth of 12.3% over the next five years and 14% within 30 minutes. A final decision on the anchor tenant will be announced separately.

“The City of Clermont could not be more excited about this landmark health campus,” said City Manager, Brian Bulthuis. “Both the construction phase and the permanent operations of Olympus will provide a very significant economic stimulus for the local economy and beyond,” he added.

“The City is thrilled that HTA has chosen Clermont and the Olympus Development for this 175,000 square-foot medical facility,” Clermont Mayor Tim Murry said. “Not only will this facility provide quality health care, but it will also provide significant employment opportunities for the residents in the Clermont area.”

According to economist, Hank Fishkind, Ph.D., Olympus is projected to create 2,800 direct, onsite jobs and have a taxable value of $1.5 billion at buildout.

“Clermont and Lake County have been dreaming and working hard for years to attract high-wage healthcare jobs to Wellness Way,” Lake County Commission Chair Sean Parks said. “HTA’s plans mark a huge milestone in realizing this dream while providing our county with the highest level of healthcare. Thank you Clermont and HTA!”

“The health campus is another example of how Olympus fully integrates wellness into the core of its live-work-play development program, which aligns with –– and enhances –– the vision of Wellness Way,” said G. Brian Wheeler, Senior Land Planner. “The Olympus plan incorporates public accessibility, functional open spaces, internal and external connectivity. Sports venues, performance venues, extensive trails and civic buildings reinforce the identity of the community, providing places of assembly for social, cultural, and managed recreation activities,” Wheeler added.

“This exciting announcement is the culmination of years of intensive planning and overwhelming support from the City and County, not to mention perseverance in the face of the pandemic,” said Michael Carroll, CEO of Olympus. “We are very pleased to welcome HTA to the Olympus campus and we look forward to a comprehensive, world-class health and wellness experience for residents and guests.”

Additional development plans within the Olympus Town Center include hotels, multifamily, 55+ senior active adult, and mixed-use with retail, restaurant and entertainment.

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About Olympus Olympus is designed as a platform for business innovation and economic growth –– a smart, connected wellness community and global sports and entertainment destination. Olympus features a synergistic array of development opportunities in healthcare, wellness, fitness, sports training and competition, hospitality, and residential. These zones of excellence are centered in and around a vibrant Town Center, serving as the heart of the Wellness Way growth area in Greater Orlando. The Olympus development team has created proprietary market drivers –– an innovative master plan, high-value entitlements, world-class partners, a sports campus, and a perfect location. These drivers build business and real estate development within the 243-acre master-planned community and destination, which is projected to drive 2,800 direct, onsite jobs and over $1.5 billion in economic value.

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CBRE Has Been Selected To Market Olympus, Clermont’s Master Planned Community And Global Destination

Michelle Delaney — Thu, 15 Oct 2020 13:38:47 +0000

CBRE, the world’s largest commercial real estate services and investment firm, recently announced that it has been selected by Olympus, “a game-changing development project for Central Florida,” to market fully-entitled parcels within the visionary 243-acre master-planned community and global destination.

Guided by its brand promise of “Epic Every Day,” Olympus uniquely combines multi-sport training and competition venues, leading-edge wellness, health and fitness facilities, and a dynamic town center featuring world-class restaurants, shops, hotels, cultural and community events, and more.

Olympus is spearheading the Wellness Way area, a growth and innovation corridor consisting of 15,000+ acres near Orange County’s Horizon West and the western entrance of Walt Disney World. Olympus is estimated to create over 5,000 jobs and generate over $1.4B in local economic impact over a 10-year period.

CBRE’s team of global professionals –– led by Robert McEwan, Austin Weller, Taylor Yohner and Jason Sasser–– will market Olympus parcels directly to developers and end-users. “We are thrilled to bring such a revolutionary development project to the market,” said Robert McEwan, Senior Vice President at CBRE.

“Our vision of a health and wellness community, together with an innovative sports and entertainment destination, is even more relevant today as people seek a healthy, safe and vibrant community for their families,” said Michael J. Carroll, a founding member of Olympus. “We are very excited about our partnership with CBRE and look forward to groundbreaking in 2021,” he added.

Located in Clermont, the Choice of Champions, Olympus is designed to feature a synergistic array of development zones, including:

Multi-sport competition and training venues for collegiate, professional and elite athletes. Featuring sports celebrities, legendary coaches and global sports brands/properties.
Cutting-edge wellness, fitness and sports-medicine facilities for athletes, individuals, families, businesses and the local community. Featuring public fitness trails, state-of-the-art fitness & health club, healthy living/destination spa, and renowned orthopedic doctors/groups.
World-class hospitality, dining, shopping and office/conference venues for visitors, businesses and residents. Featuring premier restaurant brands, unique retail brands, leading hotel/resort brands and more.

“The Olympus plan integrates environmental stewardship, civic spaces, unique geography and world-class facilities,” Olympus Senior Planner and Development Director G. Brian Wheeler RLA said. “It is all about creating experiences that are unique and unforgettable. I am thrilled to be working with the amazing Olympus team on this inspiring project for Central Florida.”

Wheeler has nearly 40 years of experience in environmental design and land planning for real estate-based assets, community and urban master planning. He brings a successful career of planning and implementing mixed-use development to the Olympus team.

The stunning Olympus property is bordered to the west by US 27, a major 6-lane road, and Lake Louisa State Park, a 4,372-acre State Park. Olympus is located in close proximity both to the new western entrance of Walt Disney World and to State Road 429, with access to Florida’s Turnpike, Interstate 4, Orlando International Airport, Orlando attractions and more. The $419.6 million Lake/Orange County connector, a 5-mile tolled expressway linking US 27 in south Lake County to SR 429 in west Orange County, will be located just below the Olympus property. Olympus features a pristine landscape with unique elevations, stunning vistas and a natural lake. It is fully entitled with over 1,000 residential units and over 1,000,000 square feet of office, medical, retail, restaurant, and corporate conference. Olympus has already attracted an array of world-class developers, end-users and strategic partners.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Further information, see OLYMPUS

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