Disney is moving into real estate in the U.S. to develop residential projects

2022-09-21 0 By

The Walt Disney Company announced Wednesday that it plans to develop a series of residential real estate projects across the United States, starting with Rancho Mirage, Calif.The 24-acre project will include at least one area for residents 55 and older, with a choice of residential buildings, single-family homes and condos.The company developed Celebration, Fla. (population 9,900) in the 1990s, hiring well-known architects like Philip Johnson and Michael Graves to design buildings.The company has also been selling high-end homes near Walt Disney World for years as part of a resort community.”For nearly 100 years, Disney has shared stories that have touched the hearts of people around the world,””As we prepare to enter our second century, we are developing exciting new ways to bring the Magic of Disney to people wherever they live, extending storytelling to storied life,” said Josh D’Amaro, chairman of Disney Parks, Experiences and Products.We can’t wait to welcome residents to these beautiful and unique Disney neighborhoods where they can live fulfilling lives.”Beijing Youth Daily reporter Lin Lishuang editor Tian Ye