Founded in 1994, Celebration has the flavor of southern American village from the 1930s. About 2,500 homes are clustered around a small, pedestrian-friendly shopping area. Celebration, Florida is often cited as an example of New Urbanism, or neo-traditional town design.
In 2004, the Disney Company sold the 16-acre town center to Lexin Capital, a private real estate investment company. However, Market Street still has a storybook atmosphere that some visitors call "Disney-esque." There is a Caribbean flavor to the buildings here. Sided in brightly-colored stucco, the Market Street buildings have wide overhangs, shutters, verandas, and arcades.
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