Futura Development Company, a South Florida-based developer and private equity firm Linkvest Capital just announced a master-planned mixed-use project in southeast Lake Nona dubbed “Nona Cove”.

Highlighted are the parcels totaling more than 9 acres at the northwest corner of Narcoossee and Boggy Creek roads, in the southeast corner of Lake Nona. (Orange County Property Appraiser)

The new partners are looking to transform roughly ten contiguous acres of vacant land just north of the Orange-Osceola county line, with frontage on Narcoossee and Boggy Creek roads, into an integrated wellness community consisting of 260 luxury apartments, a four-story 122,000-square-foot self-storage facility and about 32,000 square feet of commercial and retail space.

Elevations for the retail and self-storage portions of Futura at None Cove. (Futura Development Company)

The Futura at Nona Cove project is estimated to reach up to $80 million.
Futura will be applying for permits on the combined self-storage/retail building in July. As for the apartment complex, it’s scheduled to begin in the first quarter of 2020 with a completion date slated for the third quarter of 2021.

Rendering of planned apartments at the Nona Cove development off of Narcoossee Road (Genesis Studios)

Futura at Nona Cove apartments will offer studios, one-, two- and three-bedroom units ranging from 623 square feet to 1,315 square feet. The Multi-Family project will feature nine-foot ceilings, energy-efficient stainless steel appliances, washers and dryers and large balconies and some private patios. Rentals will average about $1,750 a month.

Amenities will center around wellness activities, such as designated quiet spaces for meditation, a yoga room and a cardiovascular room for high-intensity exercises that overlooks a three-lane lap-pool. Other amenities include a resort-style pool and pool deck, walking and jogging trails outfitted with fitness stations and a community dog spa and a dog park with gazebos.

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