Disney’s Crossroads Shopping Center Closing Forever & Abandoned Restaurants | Gooding's, Fuddruckers

  • A popular shopping center near an entrance to Disney World won’t be forced to close this year after all, according to a report in GrowthSpotter.
    The stores and restaurants at the Disney-built Crossroads of Lake Buena Vista will have more than two and a half years to operate before the property will be taken for the multibillion-dollar rebuild of Interstate 4.
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    Tenants at the property, including Red Lobster, Gooding’s Supermarket and Buffalo Wild Wings, will be allowed to remain rent-free at the Crossroads center until at least the end of August 2021. Previously tenants were told they had until the end of 2019 to move out, so the new deal gives them at least an extra 18 months.
    Florida Department of Transportation officials, Crossroads tenants and the property’s owner met in Orange County district court Monday in the first eminent domain hearing for the 29-acre property. Deals have now been made with 23 of the 24 tenants in a transaction that will cost FDOT at least $146.9 million, court documents show.
    A court ruling Monday allows FDOT to take possession of the land as soon as the $146.9 million is paid. FDOT still needs to make deals with property owner U.S. Cities Fund and Gooding’s, the last location in what was once a chain.
    It’s a major step for the state in acquiring property for the I-4 improvement project that will follow the Ultimate project now in the works in Central Florida.
    The buildings are slated to be torn down and replaced with an interchange to help traffic in and out of the tourist corridor, including Walt Disney World Resort
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