Developers JW2 Development and Schmid Construction have plans for an office park focused on medical businesses in Oakland. The Oakland Exchange will offer 13 buildings measuring 2,500 to 3,500 square feet each, along with a 5,500-square-foot anchor building.
The venture will have 13 buildings. Image from First Capital Property Group, Inc.
According to the Orlando Business Journal, each building will eventually be sold for anywhere from $331 to $338 a square foot. At the time of publication, LoopNet reported that buildings ranged from $840,000 to $1.8 million. The “dark grey shell buildings” will occupy a parcel measuring five acres. In total, the Class A venture will require more than 40,000 square feet of new construction. Some sources list the project’s completion as 2025, although this was not officially confirmed by developers.
Powell Studio Architecture released conceptual renderings of the office park. Central Florida-based First Capital Property Group is marketing the venture. It notes that the Oakland Exchange is within proximity of many emerging multi-family housing developments in Central Florida, including Oakland Trail Homes (which has 305 single-family homes) and Skyline at Westfall Station (which has 300 multi-family units).
The venture is located in Orange County. Image from First Capital Property Group, Inc.
The Oakland Exchange will be located at Southern Railway, Oakland, FL, 34787, in Orange County.
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