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The Walt Disney Company campus in Lake Nona, Florida is approaching completion. Disney reportedly bought about 60 acres of land in Southeast Orlando for the project, according to Jack Witthaus of the Orlando Business Journal.
According to Orange County records, a Disney-related entity, Dynamic Campus LLC, made the purchase from Lake Nona Land Co. LLC, which is related to Lake Nona developer Tavistock Development Co. for approximately $ 46 million. dollars, or about $ 766,666 per acre. Neither Disney nor Tavistock have made a statement regarding the purchase.
Disney confirmed the Lake Nona campus in July, where 2,000 jobs will be relocated from California, less than 5% of Disney’s total jobs in the state. Disney is expected to invest $ 864 million in the campus, which could potentially include an age-restricted community within Sunbridge, alleviating concerns that Disney’s move is negatively affecting the Orlando housing market. Construction of the office building is expected to be completed in November 2022.
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