Disney to Develop Residential Communities Across U.S.
- The first 618-acre development will be in Southern California
- The complexes will be aimed at all ages, including 55 and up.
Artist’s rendering of Cotino, the first “Storyliving by Disney” community that will be located in Rancho Mirage, California.
Source: PR Newswire
With a new range of residential communities, Walt Disney Co. says it is moving beyond “storytelling” and into “storyliving.” The Burbank, California-based theme-park and entertainment company announced Wednesday that it plans to develop a string of such real estate projects around the country, beginning in Rancho Mirage, Calif.
The new residential development business will be called “Storyliving by Disney,” the company said in a news release. Plans are underway for the first project in the desert community, which is near where company founder Walt Disney once owned a home. Additional locations in the U.S. are also being explored, the company said.