Disney-intern housing proposal totals $615M
A proposal for new student housing and education space for Disney’s College Program and other intern programs on two parcels at Flamingo Crossings Town Center details more than $615 million worth of development by Texas-based real estate investment trust American Campus Communities.
The land south of Western Way and west of State Road 429 would stay under ownership of a Disney Corp. subsidiary, according to material presented to potential investors of publicly traded ACC, which filed a geotechnical report with South Florida Water Management District this month.
A 25,000-square-foot Disney Education Center for the Walt Disney World interns would be built on site, offering college coursework. ACC seeks a 75-year land lease with full rights of ownership to the buildings, management by its own affiliate, financing and transfer positions and other conditions, including access to a back-up market of Disney World cast members, as part of the proposal.
A lease on the land was executed during Q2 while the project continued planning and feasibility work, the company told investors; the agreement was non-binding, according to Globe Street.
Construction would begin next month and would take place in 10 phases through May 2023. development at the I-4/ChampionsGate interchange.
“Orlando Health is continuing to plan for the expansion of health care services in Osceola County, the tourist corridor and surrounding communities,” hospital spokesman Desmond Jordan said recently.
The health care system has pending applications with the state for new hospitals in Lake Mary and Orlando but has not applied yet for the Reunion site. and engineering staff.
Brian Hickok, a captain for JetBlue, purchased 50 acres in Harmony right across from the Lake X airstrip on Old Melbourne Highway and filed plans for Galt’s Landing.
John Adams, vice president of
told “However, the plan doesn’t change. We still have 10 estate lots on the private lakefront of Cat Lake.” timeline for completion of both developments is mid to late 2020. Being built simultaneously, both are expected to break ground in the middle of next year, he said, “and both will have a year to a year-and-a-half timeline for development.”
Finding occupants for retail components has become a dual pursuit. While both developments are drawing interest, each has a different aspect that’s attracting separate circles of prospective occupants, he said: “One will be more of a neighborhood center on Apopka-Vineland — whereas the other, you can see it from the interstate and it’s more for destination or regional restaurants and retail.”
Experiential establishments similar to the Darden-owned Yard House restaurant at Unicorp’s ICON Orlando 360 development would be likely for 82-acre O-Town West, he said, while the neighborhood center on ApopkaVineland Road to be named Village at O-Town is expected to draw “more local businesses like an Italian or local Chinese restaurant, or salons,” while being grocery-anchored.