AuburnJen 771 Posted June 21, 2016 Report Share Posted June 21, 2016 Thanks to The Buzz for posting this article. It is a short, but interesting read. I am interested in your thoughts on this section of property and what all of you think will happen on this side of "town." http://www.bizjournals.com/orlando/blog/2016/06/disney-sells-158acres-of-flamingo-crossing-land.html?ana=e_orl_bn_newsalert&u=Bj5J1W8QJQ5slQOyi2E3Ug09fe2bb5&t=1466457027&j=74186272 Disney sells 158 acres of Flamingo Crossings land Jun 20, 2016, 4:44pm EDT Updated Jun 20, 2016, 5:19pm EDT INDUSTRIES & TAGS Travel & Tourism, Commercial Real Estate, Hospitality, Leisure, Business Travel, Public Companies SHARE Order Reprints Save Article Print A massive tract of land just west of Walt Disney World at the growing Flamingo Crossings development has a new owner. Orlando Hotel Groups LLC, a Pembroke Pines-based company doing business as Orlando Gateway Hotel Group LLC, purchased more than 158 acres of land from Flamingo Crossings LLC, an entity related to The Walt Disney Co., said county records. The sale price on the transaction was $9.95 million, based on deed taxes to the county. Enlarge Disney sold 158 acres of land at Flamingo Crossings to a Pembroke Pines-based company. COURTESY OF RICK SINGH, ORANGE COUNTY PROPERTY APPRAISER The parcel of land sits just west of the existing Flamingo Crossings developments, which include a 248-suite SpringHill Suites and 250-suite TownePlace Suites that opened on Feb. 12. Directly south from the land is Orange Lake Resort. Orange County property records show that 26.83 acres of the total 158 acres of land is designated as "vacant commercial." The remaining land is designated as waste land (68 acres) or timberland planted (63 acres). In May, Flamingo Crossings, which is a Walt Disney Imagineering masterplan property, was seeking rezoning land to build 1,300 multifamily units and 150,000 square feet of commercial space. That property was broken into four larger parcel and was intended to be developed in phases. Stay tuned as this is a developing story. Quote Link to post Share on other sites
Travisma 1,317 Posted June 21, 2016 Report Share Posted June 21, 2016 That is right across the street from where we stayed. It's like a ghost town out there at the moment, just the two hotels. It was really nice. Quote Link to post Share on other sites
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