Disney-owned land just west of Walt Disney World at the growing Flamingo Crossings development has a new owner.
Orlando Hotel Groups LLC, a Pembroke Pines-based company doing business as Orlando Gateway Hotel Group LLC, purchased more than 7 acres of a larger 158-acres parcel of land from Flamingo Crossings LLC, an entity related to The Walt Disney Co., said county records. The sale price on the transaction was $9.95 million, based on deed taxes to the county.
The parcel of land sits just west of the existing Flamingo Crossings developments, which include a 248-suite SpringHill Suites and 250-suite TownePlace Suites that opened on Feb. 12. Directly south from the land is Orange Lake Resort.
Orange County property records show that 26.83 acres of the total 158 acres of land is designated as “vacant commercial.” The remaining land is designated as waste land (68 acres) or timberland planted (63 acres).
In May, Flamingo Crossings, which is a Walt Disney Imagineering masterplan property, was seeking rezoning land to build 1,300 multifamily units and 150,000 square feet of commercial space. That property was broken into four larger parcel and was intended to be developed in phases.
Stay tuned as this is a developing story.