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More Apartment Units In The Works Near Walt Disney World

It looks like more apartment units are in the works near Walt Disney World, west of Reedy Creek Boulevard and northeast of Irlo Bronson Memorial Highway in Kissimmee. This location is close to Disney’s Animal Kingdom and Disney’s All-Star Resort. While details are still very vague, check out what we know so far below.

 

As shared by BizJournals: More apartment units are in the works near Walt Disney World. Property owners AD1 Kissimmee Hotels LLC and AD1 Kissimmee 2 LLC — entities related to Hollywood-based developer AD1 Global — seek Osceola County zoning approvals to build an unknown number of apartments west of Reedy Creek Boulevard and northeast of Irlo Bronson Memorial Highway in Kissimmee, according to Osceola County records.

Credit: BizJournals

Three properties totaling 22.2 acres are part of the proposed development site. They’re valued at $11.1 million, according to Osceola County records. One parcel contains a 277,772-square-foot hotel built in 1984, according to real estate research firm Reonomy.

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There’s a big demand for residential projects in Osceola County, previously said Luke Wickham, senior managing director in the Orlando office of Institutional Property Advisors, who isn’t involved in the projects. That’s despite Osceola County having the highest unemployment rate in the state of Florida at 20.2% in July, as Covid-19 has decimated the area’s tourism industry. “Even though rents are flat right now, there are still not enough apartments,” Wickham said.

We’ll keep an eye on this one. Can you imagine being so close to the magic?!

Source: BizJournals

About Mike and Jamie Sylvester

We are Disney nerds. Two kids at heart who love the magic and the memories of Walt Disney World! We follow all things Disney and have great experiences with Disney Vacation Club and RunDisney events in particular. We enjoy the vacations, day trips, weekend getaways and geek out over the planning of such events. From lodging to dining to Fastpasses we have a spreadsheet for every occasion. Mike’s frivolous Disney goal is to acquire a magic band of every style while Jamie’s goal is to experience as many Disney desserts as possible. Usually there isn’t a day that passes without some discussion of the master plan of our next trip to the happiest place on earth. Most people think we’re normal – until they travel to Disney with us. We have been married for 15 years and are blessed with a daughter and a son who have already learned the importance of planning ahead! As a family we thoroughly enjoy the magic and the memories at Walt Disney World and are here to help others experience the magic as well.