Disney selling parcels in "Western Beltway" Project - Flamingo Crossings

[crazy4wdw]

Disney selling parcels in Flamingo Crossings project

Flamingo Crossings will be developed on resort's western edge

Scott Powers | Sentinel Staff Reporter
November 28, 2007

Private developers and merchants will be able to build, run and own small restaurants, a grocery store, service and retail shops, and several "value"-oriented hotels and motels on the western edge of Walt Disney World later this decade as part of the giant resort's next development.

Disney World's land-development company, Buena Vista Land Co., said Tuesday it has begun offering parcels for sale and development within Flamingo Crossings, the 450-acre lodging-and-shopping district it announced last winter.

The project will rise mostly west of the State Road 429 interchange at Western Way, which connects S.R. 429 -- also known as the Western Beltway -- with Disney's theme parks and hotels. Early marketing materials declared it to be "outside the western gateway to Walt Disney World," but in fact all of the land is and will remain within the Reedy Creek Improvement District, the government agency that the Florida Legislature created specifically for Walt Disney Co. in 1967.

That prospect creates a first chance for third-party owners to buy and develop land inside Reedy Creek. Disney has previously allowed numerous private developments of hotels, stores and restaurants within Reedy Creek, but always through long-term land leases that have kept the real-estate deeds in Disney's hands.

Flamingo Crossings is to be built in phases over eight to 10 years, the company said. Infrastructure construction could start this winter, and the first private hotels or shops could break ground in a year or two, Buena Vista spokeswoman Andrea Finger said.

The district would aim for "value" hotels and motels, she said. Plans call for 4,000 to 5,000 rooms in low- to mid-rise lodges -- priced to compete with moderate hotels and motels off Disney property.

"We think there is room for expansion in that area" of the market," Finger said.

The 300,000 to 500,000 square feet of retail space at Flamingo Crossings would target merchants of practical wares and services that tourists, Disney employees and area residents might need, such as groceries, toiletries or basic clothing -- thereby competing with area shopping centers and outlet stores that draw many visitors off Disney property. The restaurants might include a mix of fast-food and casual-dining franchises not common on Disney grounds.

"Generally speaking, it's your typical shopping center that you see along the interstate," Reedy Creek Administrator Ray Maxwell said. "It's the value end of the market."

That retail concept contrasts with Disney's other major shopping and dining district, Downtown Disney, where patrons find a mix of entertainment, nightclubs, themed restaurants, Disneyana, and offbeat, niche and high-end gifts.

All of the private development would be developed under Disney's watchful eye, fitting into the project's master plan and aligning with Disney's restrictions and prior developments, Finger said. That is one reason Flamingo Crossings land will remain within the Reedy Creek district, rather than subjecting it to Orange County's development oversight.

Consequently, future landowners there will earn the rare power to vote to elect members of Reedy Creek's governing board or to decide any district-wide initiatives -- a right that has been extended to very few outside of Walt Disney Co. during the past four decades. Such votes are unlikely to change any balances of power within the district, Maxwell said, because the district's charter allows property owners one vote per acre. Flamingo Crossings could result in the sale of 450 acres to third-party owners, but Disney would still own about 17,000 acres within the district, while another 7,500 will remain under the control of the district itself or the state of Florida.

 

[mitros]

Disney selling parcels in Flamingo Crossings project

Rats! I hope this thing takes a really looooooong time to get started. We just found this great way to get onto property from 429 about a year ago when they finally finished it. Saves us a whole lot of sitting in heavy, backed-up traffic when we go the old way, turnpike to Rt4. Oh well, progress, I suppose.......who needs it, in this case, anyway.
I guess the thing that bothers me the most about this kind of expansion is that it will have more low-end motels, which will just attract more and more bodies to the property, at a time when they have no intentions of expanding the existing parks or building new ones. 'dem lines is gonna get longer and longer for Soarin"............

 

[EUROPACL]

Ahhhh Walt's dream has finaly come true...Disney is outsorcing, Attractions, customer service, movies, Tv and they are now finally getting around to selling off that waste of space in Florida.

 

[KINGBOBOFTHENORTH]

If you think about it, Flamingo Crossings isn't going to increase the number of people coming to the theme parks. There are already many, many budget motels and restaurants around the Orlando area. No one is NOT coming here now because hotels are too expensive. So I don't think more people are going to come just because these new properties are available. The purpose of Flamingo Crossings is to get a piece of the action at those lower-priced hotels and restaurants by having them on Disney property (in the city of Bay Lake). In other words, steal business away from non-Disney hotels, shops and restaurants.

BobK/Orlando

 

[Uncleromulus]

Just what the area needs--more low budget stores, motels and restaurants.