The Walt Disney Company owns a piece of property at the intersection of SR 429 and Western Way on the West side of Walt Disney World that is approximately 350 acres named Flamingo Crossings. The property was originally conceived so as to give the Walt Disney Company alternative high-quality moderately-priced accommodations right at the Disney gate. The Reedy Creek Improvement District, a Disney controlled entity, has performed many of the improvements and infrastructure for the property. The entrance to the property is through a major interchange which provides Walt Disney World a major entry into its property. Disney has planned for their customers coming from I-75 to use the Florida Turnpike and come down SR 429 and use the Flamingo Crossings entry into the resort. Wekiva Parkway creates the Orlando Beltway and provides access to Disney customers coming down I-95 to use the western entrance avoiding downtown Orlando and I-4 construction traffic.
Flamingo Crossings is being developed to be the new main destination and entrance for the middle-class travelers. Disney is fueled by business brought in from their middle-class travelers, so these lodging options will be in high demand. It will offer the closest non-Disney hospitality to the Walt Disney World parks.
The demand drivers for Flamingo Crossings are Disney overflow, ESPN’s Wide World of Sports amateur sports venue, and the new attractions at Disney theme parks, set to open over the next two years, including Avatar Land, Star Wars Launch Bay, Toy Story Land, and Frozen at EPCOT. The project combines third-party branded lodging, retail, and dining, in a pedestrian-friendly environment and will be another example of Disney’s commitment to unique place-making. Located outside Disney’s gateway around the interchange where Western Way meets the Western Beltway, the master development plan includes 4,000- 5,000 low- to mid-rise, value-priced lodging units and 300,000- 500,000 square feet of commercial space. Designed around a retail village, the development will become a convenient shopping and service center for Cast Members, nearby residents and Central Florida visitors.
The first phase of the third-party hotel development includes a TownePlace Suites, Marriott’s extended-stay brand, and a SpringHill Suites, another select-service hotel by Marriott. These hotels opened successfully in February 2016 and combined, have 497 guestrooms.
Phase two of the project is the ground-up development of four to five 250-key select-service hotels, including ones built under the Homewood Suites, Home2Suites, Residence Inn and Fairfield Inn & Suites flags.
Year-round tourism remains a cornerstone of the lodging demand, drawing over 60 million visitors to this Central Florida market area annually. World-class theme parks and attractions create a unique family destination that cannot be found anywhere else in the world. Walt Disney World Resort, the heart of Orlando’s attraction experience, includes the following four theme parks: Magic Kingdom, Epcot, Disney’s Hollywood Studios, and Disney’s Animal Kingdom. Additionally, Walt Disney World Resort features two water parks, and a variety of dining and entertainment venues.
Stonewall Station is located on the southeast corner of Stonewall Street and South Caldwell Street in the heart of downtown Charlotte, North Carolina, a major U.S. financial and business center.
The property will be developed as part of the Crescent Uptown development site, which comprises approximately 384,552 square feet of buildable space, including 459 apartments (121 high-rise; 338 mid-rise) and 47,500 square feet of retail space incorporating a Whole Foods store. The complex also includes 1,450 structured parking spaces for hotel, residential and retail use. The residential apartments, developed by Crescent Communities, feature an average unit size of 872 square feet, 9’6” ceilings and 7’ interior doors, granite counter tops, GE stainless steel appliances, kitchen islands and wood style flooring. The community amenities include a 3,500 square foot heated invisible-edge salt water pool with LED lighting and underwater sound, numerous water features and fire pits, and a 3,000 square foot skyline fitness center.
The Crescent Uptown development is prominently located in central Charlotte’s CityCenter/Uptown area, which is primarily confined within the bounds of I-277. This location affords direct access to all of Charlotte’s City Center/Uptown business, sports and entertainment venues, all major hotels, and restaurant and retail locations. In addition, the site sits adjacent to the area’s convention and exhibit spaces, including the NASCAR Hall of Fame and the Charlotte Convention Center, which features 280,000 square feet of contiguous exhibit space. Further, Bank of America Stadium, home to the NFL’s Carolina Panthers, and Time Warner Cable Arena, home to the NBA’s Carolina Hornets, are within easy walking distance to the hotel site.
The Crescent Uptown development also provides for direct access to the LYNX light rail at Stonewall Station. This isNorth Carolina’s only light rail system and has a daily ridership of over 15,000 people. Charlotte is the largest city in the state of North Carolina, the second largest city in the Southeastern United States and is the county seat of Mecklenburg County in which it resides. Charlotte is fifth fastest growing city in the country. The 2013 Census indicated a population of 2,493,040 within the sixteen county area which makes up the Charlotte metropolitan area.
Charlotte is home to Bank of America, the nation’s second largest financial institution, according to its assets, and Wells Fargo of San Francisco, making Charlotte the second largest banking center(after New York) in the United States. The city has eight Fortune 500 companies in its metropolitan area including: Bank of America, Lowe’s, Nucor Steel, Duke Energy, Sonic Automotive, Family Dollar, SPX Corporation, and Domtar Paper.
In addition, the Charlotte area includes a diverse array of businesses including food related companies such as, Chiquita Brands International, Harris Teeter, Lance Inc., Carolina Foods Inc., Bojangles’, Food Lion, and Coca Cola Bottling Co. Consolidated, and motor and transportation companies like RSC Brands, Continental Tire of the Americas LLC, Meineke Car Care Centers, and American Airlines (formerly U.S. Airways). Additionally, Charlotte is the major center of the motorsports industry in the United States and is home to numerous NASCAR offices, the NASCAR Hall of Fame, and the Charlotte MotorSpeedway located in Concord, NC. Approximately 75% of the NASCAR industry’s race teams, employees and team drivers are based out of the Charlotte area. In addition to NASCAR, in 2008 the National Hot Rod Association opened the only four concrete lane drag strip in the world with a 30,000 seat capacity. This is influencing top fuel professional drag racing teams and their shops to relocate to the Charlotte area.
In addition to finance, foodstuffs and motorsports, the Charlotte region has become a major hub for energy related companies and organizations. The region has more than 240 companies, employing 26,400 employees, in energy related industries. Since 2007 there have been more than 4,000 energy jobs announced in this growing sector. Some of the major players, include AREVA, Babcock and Wilcox, Duke Energy, Electric Power Research Institute, Fluor, Metso Power, Piedmont Natural Gas, Siemens Energy, Toshiba and Westinghouse.
Tourism also plays a substantial role in the region’s economic vibrancy and the Uptown hotels are the catalyst for much of the region’s tourism health.
Hill Center Brentwood is a mixed use, multiphase community situated in the heart of the business and retail district of Brentwood, Tennessee. Buzzing with an endless variety of shops, dining and office space, and featuring Wi-Fi throughout, Hill Center is the go-to gateway for work and play. Strategically placed on Franklin Road, the property is directly adjacent to several other office parks, including Maryland Farms and CityPark, allowing nearby connections without a long commute. Hill Center is close to the tranquil surroundings of the nearby Maryland Way Park trail sand to the workout facilities of the Maryland Farms YMCA. Hill Center Brentwood has convenient and spacious garages and lots. The AC Hotel Brentwood would be the first lifestyle hotel in the Brentwood market.
Brentwood is an affluent suburb of Nashville, Tennessee. Located in Williamson County, Tennessee, it is one of the wealthiest cities in the United States with an estimated 2013 median household income of $132,919. The population census for 2014 indicated 40,982 full-time residents, up 11% from the 2010 census making it is one of the fastest growing cities in Tennessee.In addition, Williamson County is ranked among the wealthiest counties in the country. In 2006 it was ranked as the 11th wealthiest counties by the U.S. Census Bureau, but when the Council for Community and Economic Research factored in the local cost of living and median household income it ranked number one.Nashville is the state capital of Tennessee and the county seat of Davidson County. Located in the north central part of the state, it is the second largest city in Tennessee after Memphis and the fourth largest city in the Southeastern United States. According to the 2013 U.S. Census Bureau statistics, the city/county population stood at 659,042 and the Nashville metropolitan area was 1,757,912.
The city is a center for music, healthcare, publishing, banking, transportation and government. It is most noted for it being the hub of country music industry and has earned it the nickname of “Music City”. As the “home of country music” the city is home to several major record labels including Arista, Warner, Columbia and Geffen, and numerous independent record labels. In addition to music, Nashville is also home to over 300 healthcare companies, including the largest private operator of hospitals in the world, Hospital Corporation of America (HCA). In 2012, it was estimated that the healthcare industry in contributes $30 billion per year and 200,000 jobs to the metropolitan Nashville area. Another growing industry in the market is the automotive industry. In 2006 Nissan North America moved from Gardena, California to Smyrna, Tennessee, just southwest of Nashville. Other major industries include insurance, finance, and religious publishing. In 2015, Business Facilities’ 11th Annual Rankings report cited Nashville as the number one city for economic growth.
Located on Williams Avenue between Monroe Street and Lowe Avenue, CityCentre at Big Spring is an authentically chic mixed-use development in Huntsville’s Central Business District. The eclectic blend of shops, services, restaurants and events adds a new dimension to the downtown experience. CityCentre is a critical component of the rejuvenated urban core that makes Huntsville the South’s top mid-sized city. Its prime location creates a synergy within the CBD and amplifies the consumer’s experience. The newly constructed Lowery Boulevard is a four-lane, divided road that provides a direct path to CityCentre and creates a pedestrian-friendly environment. The CBD’s largest employer and the second largest in the state, Huntsville Hospital Health System (HHHS) is located less than one mile from CityCentre. HHHS is home to some of the best physicians in the country and is the 3rd largest publicly-owned hospital system in the nation with more than 1,800 beds and 12,000 employees. Huntsville Hospital, the anchor of downtown, includes 941 beds serving North Alabama and Tennessee. Huntsville’s compelling and approachable urban core sparks curiosity, creates connections and establishes an authentic and eclectic community through on going interactive events.
Big Spring Park is the centerpiece of community-oriented, seasonal cultural events such as concerts and movies in the park, ice-skating, the popular tinsel trail and music and arts festivals. The adjacent Von Braun Center sells over 769,000 tickets annually for sporting events, concerts and performing arts. This pedestrian-oriented environment inspires an inviting synergy that extends connectivity to nearby Publix-anchored Twickenham Square and other surrounding businesses and historic neighborhoods — home to tinkering artisans, engineers and medical professionals. From foosball to food trucks, bikes to beers, concerts to chalk art, tastings to meals, putt-putt to pinball, the CBD plays well with everyone.
Huntsville, consistently recognized as one of the best places to live and work, is home to a highly rated, internationally diverse and affluent population. It successfully assimilates the rich heritage of Southern hospitality with innovative high-tech ventures and cultural variety. As a major employment center, Huntsville generates a daytime population of over 750,000 people and over the past decade the Huntsville MSA has accounted for over 24% of the population growth in Alabama. As the regional employment center for Northern Alabama, the City of Huntsville is the regional leader in providing North Alabama with employment opportunities, retail destinations, and healthcare services.Nearly 17% of workers in the MSA hold a job in a STEM field (science, technology, engineering or mathematics), making it the third most technical workforce in the country. Nearby Cummings Research Park and Redstone Arsenal combine for a total of 24 million square feet of office space. U.S. Army Redstone Arsenal employs 39,000 people who manage $50 billion in annual contracts. Over 66% of Huntsville’s population has college degrees. The student population tops 11,800 with most students living in and around The University of Alabama in Huntsville, Calhoun Community College and Oakwood College. The U.S. Space & Rocket Center attracts 630,000 visitors annually.