American Campus Communities (ACC), which owns, manages and develops student housing communities in the US, and Walt Disney WorldResorthave broken ground on a $630m residential community for participants of the Disney College Program, known as Disney Internships & Programs.
ACC and Walt Disney WorldResort announced the partnership in June, called American Campus Equity (ACE) transaction, where ACC serves as the developer, manager and owner of the new purpose-built housing via a 75-year ground lease.
Programme participants will have access to two 25,000ft² community centres that will serve as hubs for resident recreation and connection and will feature amenities, such as resort-style swimming pools, event and recreational lawns, fitness centres and social lounges.
The 10,400-bed project will feature modern floor plans with private and shared accommodations designed for comfort and study, at affordable price.
The development will also include the Disney Education Center within the housing community, which will provide integration for programme participants to engage in ‘uniquely Disney’ learning experiences and the ability to earn up to nine credit hours in college coursework.
Residents will also have access to resources, including group and private study rooms, computers with free printing, and Wi-Fi.
The project will be delivered in multiple phases, and the first phase is scheduled for occupancy in May 2020 when students from Disney Internships & Programs will begin moving in from existing facilities.
The project is expected to be completed by May 2023.
ACC CEO Bill Bayless said: “Collaborating with Walt Disney World on this project and serving the Disney Internships and Programs participants is an incredible honor.
“When we first launched American Campus Communities in 1993, we travelled around the country with four poster boards, sharing our vision for the student experience. One of them was titled, ‘The Disney Way.’
“It was our founding goal to emulate Disney’s best-in-class customer service. To celebrate this partnership with Disney and the ACC team during our 25th anniversary year is magical.”
Image: ACC and Walt Disney World representatives break ground on the Disney Internships & Programs Future Housing. Photo: Courtesy of Business Wire / American Campus Communities, Inc.