Walt Disney World released some details
about two expansion projects for its resort area in Orlando.
which are still in the preliminary planning stages, are a 900-acre
luxury resort to be anchored by a Four Seasons and a 450-acre
retail, dining and lodging district.
northeast border of the Walt Disney World Resort, Disney plans to
convert its Eagle Pines and Osprey Ridge golf courses into a luxury
resort and golf community. The development will include a Four
Seasons hotel, an 18-hole golf course, single- and multifamily
vacation homes and fractional-ownership vacation homes.
development plan, Osprey Ridge will remain an 18-hole golf course
but will be enhanced. Eagle Pines will be closed, and the property
will be redeployed and incorporated into the new resort.
If the terms of
the deal are finalized soon, as expected, the construction work
could begin later this year. Disney forecasts that the hotel will
open in 2010.
development in central Florida will be on the western edge of the
Disney property, just outside its gateway near the interchange
where Western Way meets the Western Beltway.
It will be a
450-acre retail, dining and lodging district about the size of
Disney's Animal Kingdom.
The land for the
proposed development is currently vacant.
will be designed for pedestrians and will include branded lodging,
dining and retail establishments that cater to visitors, local
residents and Disney staff. None of the partner brands for the
development have been named.
The plans call
for "value-priced" hotels as well as 4,000 to 5,000 low-to-
midrise, "value-priced" lodging units and 300,000 to 500,000 square
feet of commercial space.
which is currently in the design phase, is expected to be built in
phases over the next eight to 10 years.
developments, with their relatively small scale and new ways of
mixing familiar Disney components, are early examples of new
strategies recently outlined by Walt Disney Parks & Resorts
Chairman Jay Rasulo.
At an investors
conference, Rasulo sketched out plans for expanding into new
territories with small satellite parks and retail centers,
including "niche parks that could serve a much smaller daily
audience in a more intimate setting."
To contact reporter David Cogswell, send e-mail to [email protected].