Walt Disney’s decision to scrap a proposed $900 million office park in Orlando, Fla., creates a 60-acre hole inside an 11,000-acre master planned community, clouding the near-term future of many other real-estate projects already under way there.
The company cited changing business conditions and new leadership when it announced this month that it wasn’t proceeding with plans for the office space or the relocation of 2,000 employees from California.
In 2021, Disney purchased the nearly 60 acres in the Orlando community known as Lake Nona for about $46 million. It was moving forward with the campus project as recently as March, when it sought city approval for the plan. The company’s plans included 1.8 million square feet of space across eight buildings and three parking garages, according to city records.
It is unclear what Disney will do with the land now that it has canceled the office complex. Lake Nona’s developer, Tavistock Development Co., has the right to buy back the land eventually under a number […]
Going to be interesting to see what happens next… ‘as the chickens come home to roost and the fox is waiting in the henhouse!..
You may or may not remember, but my production offices were located in the old Disney studios. The walls to the dining hall had a mural which featured can can girls.. And, although the business has changed some, and I’ve been out of touch, I can’t really imagine what working with Disney is like now. That said, I’m, cheering them on for their stance in FLA vis a vis De Santis. At the same time, I have mixed feelings as people in FLA are going to pay the bill.
You omitted another egregious action by him—–opening schools too soon and not having people wear masks during COVID. This caused one of the highest death rates in the country.