Disney buys 965 acres near its Orlando theme parks and hotels for $23M

A spokesperson for Disney said the land will be used for "conservation-related and water management purposes" and probably not for new theme parks

Miami /
Dec.December 22, 2018 11:15 AM

Walt Disney World

The Walt Disney Company paid $23 million for 965 acres of land within 10 miles of the company’s cluster of theme parks and hotels in Orlando.

The company did not specify its plans for the property known as B.K. Ranch, located southeast of the Celebration, a master-planned community in Osceola County.

But a Disney spokesperson told WFTV that the company probably will not build another them park on the 965-acre site.

The spokesperson said in an email that the land will be used for “conservation-related and water management needs.”

The land is approved for the development of 3,000 homes and approximately 400,000 square feet of commercial space.

An ongoing surge in construction at Walt Disney World will expand the theme parks there and add new hotels and a new transportation system over the next three years. [WFTV]Mike Seemuth


Related Articles

arrow_forward_ios
Fruchtlander family buys Hollywood, Florida rental for $32M
Fruchtlander family buys Hollywood, Florida rental for $32M
Fruchtlander family buys Hollywood, Florida rental for $32M
Moishe Mana buys Allapattah site as he doubles down on Miami
Moishe Mana buys Allapattah site as he doubles down on Miami
Moishe Mana buys Allapattah site as he doubles down on Miami
Robert Finvarb and Abraham “Abie” Hidary with the site at 2534 North Miami Avenue (Koniver Stern Group)
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...