Developer eyes Disney Resort property for single-family homes, duplexes

TCPalm ; , Treasure Coast Newspapers

INDIAN RIVER COUNTY —Disney's Vero Beach Resort may sell off property west of State Road A1A  for construction of homes instead of vacation timeshares. 

GHO Homes LLC, based in Port St. Lucie, wants to build 96 residential units — 18 single-family homes and 39 duplexes. Any construction, which would be on the far west of the property, likely still is a year away. 

GHO is getting ready to buy about 26 acres from the resort, said company President Bill Handler. GHO representatives met Monday with county planners to discuss ideas during a Technical Review Committee pre-application conference. 

Pre-application conferences are considered the first step in development or new construction. Issues such as zoning and project feasibility are discussed with county staff members before a project is formally submitted for approval. "We're in the very early parts," Handler said. "It's very preliminary. (We're) looking at lots of different ideas." Handler declined to reveal purchase price of the land until the sale is finalized.

The property was appraised at about $4.6 million, according to county records. 

Officials from Disney Vacation Development Inc. were unavailable for comment Friday.

GHO would purchase the land west of the lake at the Disney property on the west side of A1A, up to the Seasons development, Handler said. Disney would retain the resort buildings and facilities east of State Road A1A and the parking area on the west side.

Homes and duplexes rather than timeshares, would be more consistent with surrounding development, Handler said.

The proposed changes would be less dense than the 152 units the county has approved for the property, GHO's application said. Under GHO's proposal, building density on the property would decrease from 5.85 units per acre to 2.77 units per acre. 

Disney's Vero Beach Resort was built in 1995 on the east side of S.R. A1A, at the intersection with County Road 510. To the north of the property is the public Wabasso Beach. When first constructed, the resort drew concerns about a rumored monorail between there and Orlando and about increased traffic. 

To view the original article on the TCPalm website, click here

 

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