American Campus Communities building student housing for Disney

American Campus Communities building student housing for Disney

Published at: 2018-12-13 15:57 | Author: CIJ USA
American Campus Communities in partnership with Walt Disney World Resort have kicked off construction of a 10,400-bed residential project in Orlando, Florida. The $630m project will house participants of the Disney College Program, now known as Disney Internships and Programs. In June, ACC and Walt Disney World Resort announced their partnership, which is structured as an American Campus Equity transaction, where ACC will serve as the developer, manager and owner of the new residential housing through a 75-year ground lease. Residents will have access to two 25,000 sq ft community centers and amenities like resort-style swimming pools, event and recreational lawns, fitness centers and social lounges. The first phase is expected to be delivered in May 2020.

“Collaborating with Walt Disney World on this project and serving the Disney Internships and Programs participants is an incredible honor,” said Bill Bayless, CEO of ACC. “When we first launched American Campus Communities in 1993, we traveled around the country with four poster boards, sharing our vision for the student experience. One of them was titled, ‘The Disney Way.’ It was our founding goal to emulate Disney’s best-in-class customer service.”

Similar Stories:

Clarion Partners buys West Port Colony in St. Petersburg
Clarion Partners bought West Port Colony, a 324-unit residential scheme in St. Petersburg,  »
Landings at Lake Gray changes hands for $34.6m
ApexOne Investment Partners has purchased Landings at Lake Gray, a 300-unit apartment comp  »
Ivy Realty, DW Partners secure $27.5m in refinancing for Sixteen Hundred Lofts
Ivy Realty and DW Partners secured a $27.5m refinance loan for Sixteen Hundred Lofts in Ph  »
Bell Partners buys Overlook Pointe in Pompano Beach for $58.5m
Bell Partners paid $58.5m for Overlook Pointe, a 249-unit apartment complex in Pompano Bea  »
Hurricane Hermine had the entire state of Florida on the edge of its seat in September. It   »
South Florida’s condo market is readying for a soft landing rather than the crash that m   »
There are approximately 17,000 units in Miami in presale, sold or under construction. Abou   »
The same year Orange County builders pulled 11,000. Fast forward to 2010 and those numbers   »