Disney World sells former college program apartment complex for $90M
The former apartment complex owned by Disney to house its college and international program participants has been sold for $90 million to Denver-based real estate investment firm Grand Peaks, according to a report in the Orlando Business Journal.
Walt Disney World now house college program participants at a new Flamingo Crossings Village complex off Route 429 near the Western Way entrance to Walt Disney World.
The former 34.6-acre complex, made up of 468 apartments near State Road 535 and I-4, will be renamed Emerald Grove.
“With single-family houses becoming ever more expensive, we think we’ll really fill a need in the market for true family housing,” Michael Sommers, Grand Peaks’ senior vice president of development and acquisitions for the Southeast, told the Orlando Business Journal.
