Disney Buys Land at National Harbor
The Washington Post is reporting that the Walt Disney Company has purchased a 15-acre parcel of land at National Harbor for $11 million where it plans to build a 500-room hotel resort. Despite who is behind the project, don’t expect roller coasters and theme rides as there will be no amusement park services associated with the resort.
National Harbor, an ambitious project that opened about a year ago, but fell on hard times when the economy tanked, already includes six hotels, a dozen restaurants and a huge conference center.
The land acquisition comes at a time when hotel occupancy at National Harbor is down and a good deal of the 400 residences at the Prince George’s County development remain unsold. A Disney spokesman told the Post that the company will almost certainly go ahead with the project despite the economic climate, however no timetable for completion was provided.
The parcel of land sits on the top of a street named American Way and overlooks the National Harbor complex and the Potomac.
This article originally published at https://dc.urbanturf.com/articles/blog/disney_buys_land_at_national_harbor/925.
Most Popular... This Week • Last 30 Days • Ever
If there was ever a place where the old adage “one man’s trash is another man’s... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
The median price of a home in the region in April rose to $640,000, well above the pr... read »
This week's Best New Listings includes a four-bedroom home in Hyattsville, a chic Dup... read »
The question of too many schools; the dog-friendly rental cities; and the changes afo... read »
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- DC-Area Home Prices Shatter Record in April
- Best New Listings: 140 Years in Hyattsville, 100 Years in Bethesda
- Friday's Must Reads
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro