It was reported yesterday that Triton Realty Group, LLC, in cooperation with Citrus Ridge Real Estate has completed a purchase deal of $7-million worth of land. The land is made up of a 17-acre land site in Kissimmee, FL. The property on Irlo Bronson Memorial Highway is just six miles from Walt Disney World Resort.
According to connectre.com, “The site is being designed to accommodate a retail space, a hotel, and an apartment complex”.
This is the third transaction in the Kissimmee area over the last 15 months facilitated by Edward Liss, SVP at Triton Realty Group. Last March, the group also completed the sale of a 436-unit hotel-to-apartment conversion for $16.4 million as well as a purchase in October of 2020 with the sale of a 295-unit hotel-to-apartment conversion for $15.6 million. Liss also was critical of the housing options within the area, claiming there was a “void in affordable housing”:
“The conversion of 300-square-foot hotel units to studios with resort-like amenities is a growing trend in the area as there is a major void in “affordable” or workforce housing in the area,” said Liss.
It is important to bring up the quote about there not being enough affordable workforce housing in the area. Cast Members are crucially important to Disney World’s success and the potential this new project could have is exciting and much-needed.
There are a ton of things Guests can find on and near Walt Disney World property, from Mcdonald’s to tons of shopping centers. Perhaps the most famous shopping center near Walt Disney World is, of course, Disney Springs. Here Guests can shop at the World of Disney, bowl at Splitsville Luxury Lanes, and ride in a hot air balloon at the Aerophile all while still being inside that “Disney bubble”.
What do you think about the potential this land has near Disney World? Let us know in the comments below!
Let the expert team at Academy Travel help you plan your next magical vacation to Disney World’s water parks, four theme parks — Magic Kingdom, EPCOT, Disney’s Animal Kingdom, and Disney’s Hollywood Studios — and the Disney Springs shopping and dining district!
At Magic Kingdom there is so much to see and do! Cinderella Castle is decked out for the 50th anniversary and soon Festival of Fantasy and Mickey’s Royal Friendship Faire will return. You can ride the three big mountains: Space Mountain, Splash Mountain, and Big Thunder Mountain, or calm things down on Peter Pan’s Flight. Rope drop the Park to get on Seven Dwarfs Mine Train and then enjoy a mid-day snack with some Dole Whip. Be sure to meet Mickey Mouse and enjoy the firework show, Disney Enchantment!