Disney's latest real estate venture may seem like a departure from the company's typical theme park-filled experience, but insiders say it's all part of a clever marketing strategy.
The first Storyliving by Disney community to open its doors is Cotino, nestled in the Coachella Valley, where residents won't find Mickey Mouse plastered on walls or a storybook castle in sight. However, beneath its unassuming exterior lies a world of luxury and exclusivity, courtesy of Disney's latest licensing deal with land developers.
According to Claire Bilby, senior vice president of Storyliving by Disney, the company has partnered with local builders to create homes that are uniquely themed around Walt Disney's legacy. "We don't own the land," she explained during a tour of Cotino. "We have a developer partner, and we work with builders. Disney's role is that we write the story with [Walt Disney] Imagineers of what that community's story is going to be."
While the homes themselves are not overtly Disney-fied, residents will still find subtle touches, such as themed throw pillows or art pieces on hallway walls. The community also boasts an array of amenities, including a massive water feature from Crystal Lagoons, outdoor sports courts, and a creative studio for art classes and guest speakers.
The Artisan Club, a voluntary membership program, offers residents access to exclusive amenities like a table-service restaurant, an outdoor bar, and a wellness center. Members can also enjoy unique experiences, such as gathering in the Parr House, a life-size recreation of the home from The Incredibles 2.
Disney's strategy is to cater to a specific demographic: baby boomers and Gen X who grew up with Walt Disney. "The way we look at real estate is very prescriptive," Bilby explained. "We really will cater to everybody. The Rancho Mirage demographic tends to be more in that baby boomer and Gen X."
As for the future, Cotino's sister community, Asteria, is set to open in North Carolina with plans for 4,000 residents. Sales are expected to begin in 2027.
It's clear that Disney sees real estate as a key component of its brand extension strategy. By creating unique communities like Cotino and Asteria, the company can tap into a new market segment while maintaining its trademark touch.
The first Storyliving by Disney community to open its doors is Cotino, nestled in the Coachella Valley, where residents won't find Mickey Mouse plastered on walls or a storybook castle in sight. However, beneath its unassuming exterior lies a world of luxury and exclusivity, courtesy of Disney's latest licensing deal with land developers.
According to Claire Bilby, senior vice president of Storyliving by Disney, the company has partnered with local builders to create homes that are uniquely themed around Walt Disney's legacy. "We don't own the land," she explained during a tour of Cotino. "We have a developer partner, and we work with builders. Disney's role is that we write the story with [Walt Disney] Imagineers of what that community's story is going to be."
While the homes themselves are not overtly Disney-fied, residents will still find subtle touches, such as themed throw pillows or art pieces on hallway walls. The community also boasts an array of amenities, including a massive water feature from Crystal Lagoons, outdoor sports courts, and a creative studio for art classes and guest speakers.
The Artisan Club, a voluntary membership program, offers residents access to exclusive amenities like a table-service restaurant, an outdoor bar, and a wellness center. Members can also enjoy unique experiences, such as gathering in the Parr House, a life-size recreation of the home from The Incredibles 2.
Disney's strategy is to cater to a specific demographic: baby boomers and Gen X who grew up with Walt Disney. "The way we look at real estate is very prescriptive," Bilby explained. "We really will cater to everybody. The Rancho Mirage demographic tends to be more in that baby boomer and Gen X."
As for the future, Cotino's sister community, Asteria, is set to open in North Carolina with plans for 4,000 residents. Sales are expected to begin in 2027.
It's clear that Disney sees real estate as a key component of its brand extension strategy. By creating unique communities like Cotino and Asteria, the company can tap into a new market segment while maintaining its trademark touch.