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BREAK: Disney Selling Vista Way Apartment Complex

 


Disney sells 468-unit Vista Way apartment complex near Walt Disney World, Orlando Business Journal reports.

Vista Way is located at 13501 Meadow Creek Drive, near State Road 535 and I-4. The complex is currently vacant following the move of occupants to the new apartments at Flamingo Crossings Village, which opened in December and are approximately triple the number of units.

Vista Way was built between 1988 and 1990 for Walt Disney World cast members and operators. It has two swimming pools, two clubs, a fitness center and more. It is being touted as a “solid bail-up” opportunity, according to marketing materials obtained by Orlando Business Journal. The property’s market value was $ 63.1 million in 2020, but it will likely sell for a lot more than that.

CBRE Group Inc.’s Land Team comprised of Senior Vice President Robbie McEwan, Partner Austin Weller and Partner Michael McEwan and Vice President of the Apartments Team Chip Wooten and Partner principal Jeff Grayare who markets the site. Five acres are also potentially for sale to “investors interested in grassroots development”.

Neither Disney nor CBRE Group were immediately available to comment on the Orlando Business Journal.

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