There are large Milwaukee hex-drive bits that are much like Forstner bits, but they have teeth around the edge too, in addition to the blade. They have a stout screw point as a center locator, and are self-feeding in wood. If you have the horsepower and workholding, you might experiment with one of those.
If I had to do it, and only the one, I would chain-drill the perimeter, then saw the webs to get rid of the center. Then, I'd go back with a boring head and widen it out to spec. But that's only for one...
For many, I'd come up with a heated core stamp that melts its way in, at least for roughing.
Chip