Back in April, Walt Disney World announced that that they would be offering 80 acres of land for an affordable housing project.
Today, Wednesday, November 16, 2022, Disney have shared more details about the upcoming project, as well as revealing the location, and concept art for the project.
The development will be located on land west of State Road 429, just a few miles away from the Magic Kingdom, near schools and shopping, including Flamingo Crossings Town Center.
The development is expected to include more than 1,300 units in total.
Disney have also revealed that The Michaels Organization has been selected to build, own and operate the property.
The Michaels Organization, is a housing developer known for creating high-quality homes in communities in many states, including here in Florida.
The development is expected to be privately financed and limited to applicants within a certain income range.
“For more than 50 years, Walt Disney World has cared for and invested in our community, and we’re committed to being a part of this solution which will bring more attainable housing to Central Florida,” said Jeff Vahle, president of Walt Disney World Resort. “We will continue to find ways to use our resources to make a difference in the community we call home, and we’re excited to take this step with a nationally recognized developer.”
Negotiations between Walt Disney World and The Michaels Organization on a definitive agreement for the initiative are underway, and the development will be open for qualifying applicants, including Disney cast members.
“We are excited to work with an iconic brand like Disney to deliver attainable housing for the Central Florida community,” said Michaels CEO John J. O’Donnell. “Our goal is to create a repeatable model that we hope will inspire other companies and municipalities to create high quality, attainable housing in their own communities.”
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