The Disney College Program was put on hold for a while due to the global pandemic, but now it’s back in Disney World!
©Disney
This is a paid internship program that employs college students for a select period of time, so these students get to live at Disney World! Well, near Disney World at least. They usually are housed in apartment complexes owned or leased by Disney. And, one of these apartment complexed just sold!
An apartment complex near Disney World has sold for $77.45 million, according to the Orlando Business Journal. The Commons, which is a 280-unit complex, was bought in a joint venture that also secured an additional $58.8 million construction loan so they can fully renovate the apartment complex.
COURTESY: Park Partners Residential via Orlando Business Journal
The property is just south or the Orlando Vineland Premium Outlets and was previously on a corporate lease with The Walt Disney Company. So, while the complex was not owned by Disney, it was leased by the company and used for housing students in the Disney College Program. The lease was terminated upon the sale closing.
©Disney || College Program Housing now
Since the apartment complex was vacant, renovations have already begun, according to the Orlando Business Journal. Some units are estimated to be able to be moved into as soon as May. The full renovation of the complex is estimated to take six to nine months. The renovations include new counter tops, appliances, and floors in the units.
©Disney || New Disney College Program housing
Disney has moved most of its college program students to its Flamingo Crossing Village apartments and also recently sold another one of its former apartment complexes used to house students in the program. Stay tuned to DFB for more Disney news and updates.
Click here to learn about the other apartment complex that recently sold near Disney World
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