Universal Seeking Developer for Fair Housing Community
Universal Studios is planning on developing their own housing community. This follows in the footsteps of their “big brother” Disney. Disney created and developed the town of Celebration in the 90’s.
In December of 2019 Universal Parks and Resorts Executive, John Sprouls, and Orange County Mayor, Jerry Demmings, announced a joint initiative. The vision is to create affordable housing in an area where it is severely lacking. Universal’s development plan is to break ground in 2022. The site is roughly 20 acres of land. It is located near the I-Drive corridor and is one of the region’s most desirable areas. Universal stated they will also make three additional acres of land available for development of additional mass transit.
From the press release:
“Universal Parks & Resorts has begun a nationwide search for a developer with the right vision and experience to design, build and manage an affordable housing community on a 20-acre site the company has pledged for exclusive use in helping solve one of the region’s most challenging problems.
Universal’s vision: show strong support for the findings and recommendations of the Orange County Housing for All Task Force and play an active leadership role in creating innovative solutions for affordable housing.
The new community will feature approximately 1,000 high-quality apartments and be located just off International Drive, in an area targeted by the Housing for All Task Force.”
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