Villas At Eagle Pines - It's A Go

[PamOKW]

Gail and others are correct. There is an official annoucement about the next DVC. I've copied this from another site but will try to find a link to the actual release. However, it does look official. I like the idea of having the Inn option like at Vero


"Disney Vacation Club Development, Inc. operators of Disney Vacation Club announced today that, subject to approvals, it intends to open a 600-unit Disney Vacation Club Resort along Disney's Eagle Pines Course at Disney's Bonnet Creek Golf Club.
The yet to be named resort, which Walk Disney Imagineering will create, is scheduled to open spring/summer 2004 and will feature an inn building with a check in area, a restaurant/lounge, a themed pool with a slide, retail space, a health club and villa buildings containing vacation home accommodations."
* 61 acres
* the 7th DVC
* opening in phases
* Spanish revival architecture of Addison Mizner,
a 20th century architect

A foot note says the Beach Club DVC is "now scheduled to open in September 2002"

[WebmasterCricket]

Sounds like Coronado. Mizner's influence is there too.

JC

[mooses41]

I'm excited. Did it say if it would have grand villas?

[Candace]

Where exactly is this location?

[Dumbo]

>>* opening in phases<<


Opening in phases? That is very interesting. That could possibly mean that they could only build one-fifth of the resort and start selling that while construction goes on for the second one-fifth, etc. They would only have to complete a 125 unit building, start selling that, than start construction of the next phase.


Dumbo

[janiejo]

Candace, Bonnet Creek is the golf club near Ft. Wilderness. You use the same road to get to both. I am anxious to hear more!

[WebmasterDoc]

OKW was built in phases. They don't have to have the entire 600 villas complete to begin sales, but can construct the common components (pool, tennis courts, store, restaurant, etc.) and then a portion of the residential area. As sales progress, more villas may be added for sale.

This area has been consistantly mentioned as the next DVC for well over a year. It will be interesting to watch for design plans and see how the membership component will be structured.

[Dumbo]

>>Villas At Eagle Pines - It's A Go<<



That news oughta make Beach Club Villas sell out even quicker !! Hi Doc ! ;)


Dumbo

[Dumbo]

Doc,

I'm a little curious about something. From early reports this new resort may seem to some like an OKW clone. Sure, it may be cosmetically differant from OKW, but the peaceful, serene location is similar to OKW. I get the impression that the same type of people who are attracted to Old Key West would also be attracted to this new resort.

I'm curious to see if the OKW resales skyrocket after this resort opens. Seem to me some present OKW owners may opt to sell their OKW interest in favor of this new resort.

Your thoughts?


Dumbo

[WebmasterDoc]

Good question, Dumbo. Since there are so many unanswered questions at this point, it is tough to predict what may occur.

If the point structure is similar to that of OKW, I suppose there could be some who would choose to sell OKW, but I'll assume that purchase costs and point costs will be higher. Unless there is some feature at the new resort (VEP ?) besides a slide in the pool ;), I can't see too many people rushing to unload OKW.

If there is indeed a restructuring of the end date of the new resort, I could see current members adding on- just to get the extension of the membership, but I can't really imagine a mass exodus. If anything, it could create a higher demand for OKW resales.

Stay Tuned!!

[PamOKW]

http://disney.go.com/investors/newsletter/ (Pressler Interview)

Well, I haven't found a copy of the official press release yet. I did stumble on this newsletter that includes an interview with Pressler where he says,


In addition, we will be looking for growth from newer businesses such as the Disney Cruise Line and Disney Vacation Club. Continued cost efficiencies should also contribute to our profitability.

The whole article is in the link above.

[drusba]

It will be interesting to see what is actually planned and where in relation to the Eagle Pines course it is going. For example, it could be possible to link it to a boat dock at the lake (not far from FW) and thus have boat transportation to MK and it could have an internal bus or trolley that stops at the clubhouse for the courses, neither of which OKW has. The site will likely have significant appeal to many golfers if DVD plays that angle as a huge number of golfers believe Osprey Ridge and Eagle Pines are the two best courses on site. The time is ripe for grand speculation.

[DebbieB]

It will be interesting to see if the rooms are OKW size or BWV/WLV/BCV size. I assume it will be free standing buildings like OKW.

[tsacyensid]

A little "mouse" answers alot of my questions... Hmmm... it will be alot like Old Key West, there will be no boat, it will have a few bus stops like OKW. It will be similar in style to OKW and built in the fashion of a Boca Raton/Palm Beach style- sort of like the Breakers...

The press release will probably be out soon... it will be secluded and more hidden the OKW. I sort of want to laugh at the people that called OKW outdated or moderate now...

BRAVO DVC its about time- I want to add on... guess I will wait for sales to begin in the Spring of 2004

[Caskbill]

This now brings us to the next question. If it's built in phases, first opening in 2004, then one might expect the last phase not to be completed for 5 years or so, which is 2009, and the last units to sell out within a year, 2010. That would only leave 32 years left until 2042 for those people that would be buying those units. Not very long for the cost of the investment (imagine what point costs will be then)

We'll have to wait a little longer to see if there's any chance it'll really be a DVC II.

One question is answered though. Bonnet Creek was always the rumor, looks like everyone was right on this one.

On a side note, this past May while at the OKW owners meeting, the CM (sales) asked where the next DVC resort was going to be. I answered that rumors were it was going to be Bonnet Creek. He of course was looking for an answer of Beach Club, but <u>that</u> to me and everyone else in the room was OLD news. Anyway, he made a snide remark concerning my answer, commenting about all the MISinformation out there on the web.

Anyway, he who laughs last,...........

[PamOKW]

My WDW years tend to blur together so maybe someone else can help me here....OKW opened in October 1991 and by at least Sept. 1993 the Miller's Road, Peninsular and Old Turtle Pond sections were complete. I think the South Point area was completed by 1995 but I could be wrong on that one. However, I have no idea when they actually began construction on the resort....heck I didn't know where it was until 1993! ;)

[WebmasterDoc]

In addition to Pam's chronology, the latest buildings (62,63,64) were in the original plans as the final phase of the resort. The Commodore House was always planned as a "temporary" structure- to be replaced by villas.

Commodore House was demolished in '97 and the "new" buildings opened in Nov, 1999.

[DVCDAVE]

WOW, what a great idea ! or did Disney just figure out a way for DVC to help pay for the upkeep of their golf course through DVC Dues levys.

I am skeptical of this resort plan.

[PamOKW]

OKW doesn't pay for the upkeep of LBV. If anything, the potential for guests not following the "stay off the course and carth path" rule harms the course.

[Johnnie Fedora]

Has there been any word on BCV presales??

[prncssjas]

I can't wait to hear more about this newest resort...hope the prices aren't super high. Are these villas going to part of DVC II??? I wonder...

[dtheboys]

Have you found the link to this story? We have heard past RUMORS of a new DVC, but no OFFICIAL word about it. I called my guide(RON), and he said he knows nothing about this project?
Have you found the link to this story? If so, will you please tell us how we can get to it, or read it?
Thanks!!! I sure hope that this comes true!!

[DVCDAVE]

A whole day has past and still no offical word on Dow jones News or the Disney Website.

I am growing very suspicious of this story. You would think some news organization would carry a story about a new 600 room resort being built on Disney Property. Not to mention the publicity Disney would want to give a project of this magnatude.

Suspicuous, very suspicious indeed........

[dtheboys]

I agree! I've read too much rumored info!
I HOPE that it's true, but....like the old saying....I'll believe it when I see it(or readthe official release).:rolleyes:

[PamOKW]

gscott reported MS confirmed it but wouldn't give details. BCV wasn't reported on the stock services either. I would expect to see something in the Orlando Sentinel soon.

[Towncrier]

Pam - South Point was well established when we purchased in July 1995. In fact we stayed in that area in both 1995, 1996, and 1998. We haven't yet stayed in the "old" section of OKW.

[Dell]

Does this mean that us golfers will have to put up with construction for the next 4 + years during a round of golf?: This course is advertised as a very secluded type of course winding through some very picturesque ? scenery. Sorry about the spelling, but this really disturbs me.

Dell

[Disney Adventurer]

A lot of talk about a DVC II and the time remaining on DVC I. Someone correct me if I'm wrong, but I believe if you buy a timeshare in Mexico you can only own it for 30 years (if you're not a Mexican citizen) before it reverts back? This doesn't seem to hurt the timeshare market in Mexico. I don't know how prices compare to DVC but this might indicate that DVC I may be viable to about the 30-35 year window.

[gscott8075]

This was from a guide today....

FACT:
Another confirmation of a 600 room villa at Eagle Pines...

It will be built in phases and will be open 2004...

There was no annoucement at the guide meeting of changing the end date.

Feel free to call member services and ask - they will read you the announcement.

OPINION:
WLV is selling so fast and BCV will as well. I think BCV will have the 2042 end date. Why change when its moving like it is?

The new resort as big as it is might be the kickoff.

The end date change presents a real problem for Disney. Okay, buy at Eagle Pines and you will have 50 years to vacation -- except the first 40, you can stay at 6 resorts, for the last 10, you can only stay at Eagle Pines. (VEP - Villas at Eagle Pines??)

Disney seems to be keeping DVC in WDW - and there is only so much land left - how many more resorts can they build??

Maybe there will never be a new end date? Who knows?

[Jaga]

I have just been reading up on resales following a tour of DVC open house yesterday. Impressed with WLV but think BWV suits better. During the tour the salesman ( senior chap with 7 years DVC involvement provided the following information that may be helpful to this thread:

1. Large meeting earlier in the week of DVC sales people that confirmed within DVC of plans that included

2. Next DVC (after BC) to be LARGE (? did not ask number) self contained luxury resort at Eagles Pine in keeping with ambiance of OKW....not AK as I hoped.

3.Projected starting price $100 per point!

4. WLV projected sell out September 2001. BC not due for completion Sept 2002.
Presales of BC a possibility - price confirmed to start at $80 and then $85

This was no hard sell by DVC. I asked these specific questions and got surprisingly specific answers. This seems to agree with the majority of this thread so just wanted to share what little I have been told

Now to find that elusive 150 BWV package before the price rise again....I presume in September when WLV sells out.......

[Dean]

This would be great news and well worth the Pizza I'll owe Dan if this goes through.

[jcodespoti]

looks like DVC is going after an "older" crowd


Joe in CT

[deerh]

It sounds good. A CM at HHI told me last week (am pondering an add on at HHI), and
she said she was moving to Orlando after HHI sells out, and she said stay tuned,
so this must be it!
Sounds good, I like golf, good location, Just hope they have a pool to rival Y AND BC, or
Luna Park.
Wouldn't it be nice for DVC members to have a pool as good as Y and BC, for Our use?
No need for pool hopping then...LOL

Deerh
Hoping the pool is a reality..... Golf for adults, Theme Pool for kids, Ideal for DVC!
Glad I thought of it..
deerh:D

[Disney Adventurer]

Project starting price for VEP $100, that seems pretty high. With BCV starting at $80 and then up to $85, the $100/pt would be an additional 18% more. Do you think they will continue to raise $5/pt as BCV begins to sell out, or just make the jump with the first phase of VEP?

[PamOKW]

From June 2000 to June 2001 the price increased 12%. It could go up 24% between June 2002 and June 2004 from $85 to $105.

[Peter Johnson]

Some OKW chronology:

We joined in 6/92. Only Miller's Road existed; the bridge at Turtle Krawl was blocked off.

First Penninsular was opened up to the junction with Old Turtle Pond Rd. Then the South Point area was opened. Originally it was treated as an extension of Peninsular Road (there wasn't a corner or stop sign yet), and the two bus stops were called Peninsular I and II. That always caused confusion getting off the buses! Sometime later the name was changed to South Point.

Finally Old Turtle Pond Rd opened.

Sorry I don't have dates for all this, but my pics are all at home ;)

[PamOKW]

Peter, I remember Peninsular I and II but I think you've got Old Turtle Pond out of sequence. My first stay at Disney Vacation Club in Sept. 1993 was at Old Turtle Pond. Some trip after that the construction was taking place for South Point with a wall up. The numbering of units also places South Point construction after Old Turtle Pond.

[dvc_john]

I agree with Pam - I distinctly recall staying on Old Turtle Pond Rd while South Point was still under construction.

For a copy of the press release announcing Villas at Eagle Pines,
go to www.wdwmagic.com

[Peter Johnson]

Pam, you could very well be correct. I don't have any of my reference stuff here at work, and my recollection of things longer ago than this morning is a bit fuzzy :) However, I can visualize riding the bus straight through the Peninsular/Turtle Pond/South Point intersection, and seeing the construction wall to the side. Of course, if someone told me it was the other way around, I could probably visualize that too!

[PamOKW]

:bounce: :bounce: DVCJohn -- Thanks for finding the release! I've been going crazy trying to get confirmation. I'll have to read it over. Sounds good to me!

Peter -- Some days my mind is all fuzz! ;)

[chris1gill]

Thanks for the press release info!! It was very good reading!! The resort looks like it will be beautiful... I wasn't sure about it until I read the release, but it sounds nice... I like the idea of the Inn building, just like at Vero... I might decide to sell my OKW points if VEP has grand villas!!!

But, does anyone else think this resort might be too large? If it isn't finished until summer 2005, it could take five years to sell out (just like at OKW)... that puts sell out at 2010... with only 32 years left for vacationing... that may be a huge thing, especially if it's selling at 100.00 a point as suggested....

Regardless I like the look!!

[Dennis the WDW Menace]

Just reading these posts brings back some good memories. We stayed at Turtle Pond when we first stayed at OKW, then just called DVC. We walked over to what now is South Point to see what they were doing there. We got a little lost and ended up walking the back way over to the Turtle Pond pool which was in the construction phase. They had a barrier at the end of Turtle Pond Rd. where the circle turn is, and the bus turn around was in the parking lot of bldg. 33. I hope they construct VEP the same with the parking close to the buildings. I like that concept because it make things easier for me.
:bounce:

[Peter Johnson]

Pam and John, your minds are obviously less fuzzy than mine, because I now think you're correct.

I found a list of our DVC vacations at work (actually a database), complete with room numbers. We first stayed in the Turtle Pond area in August 93, so it must have been before South Point. We've never stayed along South Point, so I can't say when it opened. That's my only hope if someone can say they stayed there sooner :)

A mind is a terrible thing to lose :confused:

[teri]

Wow, I should catch up on my favorite boards more often... this is great news! See what you miss when you take a break??

I do hope they have some feature in mind, just to keep the kids busy while we relax. :)

[PamOKW]

See Teri....you gotta check in with family! The other recent news out of DVC was that they put in no pool hopping restriction dates for Thanksgiving and Christmas.

[teri]

Really!!! Thanks for the heads up, Pam. :)

[Quasiboato]

1. Eagle Pines Villas are not a rumor, I reported the roads staked out back in May. Thought they might be headed to OR instead of EP.

2. For Dell and those familiar with EP golf course - construction is already underway. (Yes, we have to golf around it.) New tees have been built for holes 9 and 11 to make room for the road back to the villas. Both have been moved to the right of the cart paths. Pretty much takes the water out of play on 11 - makes it an easier (and lesser) hole.

3. Looks like the road is going to run from the traffic light at the end of Bonnet Creek Pkwy (past Port Orleans), along #4 fairway toward the tee, behind #4 tee, across the canal before #3 green, between #3 tee and new #11 tee, down #11 fairway between #11 and #9, between #8 green and new #9 tee to the new Villas.

That would put the new Villas clubhouse along the 13th fairway. My guess is along the left side of the fairway between #13 and #8 and new #9 tee. I'll be at EP this weekend and try to confirm.

Personally, I think this is going to take the joy out of playing EP. It will be just like LBV - kids screaming on your backswing or just as you're about to putt, people jogging down the cart paths, busses (I can smell those fumes now) and cars going by, etc.

Thank God they're leaving Osprey Ridge alone (so far).

[Quasiboato]

The new villas will be located along #13, #14, #16 and #17 of EP. The main building - Inn rooms, pool, restaurant, store and check-in will be along the left side of #13.