The 16-acre timeshare complex will have 184 new units and 300 apartment-style rooms in older buildings of the Institute campus located near Downtown Disney and the Pleasure Island attraction.

Disney officials couldn't be reached at GlobeSt.com's publication deadline to learn the estimated development cost.

But Orlando area construction industry estimators who have worked on Disney projects at the 30,000-acre Lake Buena Vista, FL enclave tell GlobeSt.com on condition of anonymity the estimated hard construction cost of Saratoga Springs will be in the $60 million range.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.