search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the details“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonCreditors demand WeWork consider Adam Neumann’s offerCreditors demand WeWork consider Adam Neumann’s offer
South Florida

Disney plans 980-acre residential complex

Sign Up for the undefined Newsletter

Walt Disney is launching its first residential real estate endeavor in over a decade, according to the Wall Street Journal. The planned, 980-acre development near the company’s eponymous theme park will include 450 vacation homes ranging in price from $1.5 million to $8 million in addition to a golf course, clubhouse and a 445-room Four Seasons Hotel. The first homes are expected to be finished in 2011. The development comes at a tenuous time for Orlando real estate, where home values are down as much as 60 percent from peak levels in some neighborhoods, and is a sharp departure from Disney’s last residential project, Celebration, a mid-1990s complex intended to mimic the size and feel of an old-fashioned, small town. As of this April, prices at Celebration were down 60 percent from peak levels. [WSJ]