Israeli Businessman Babo Cubo Plans $19 Billion Orlando Real Estate Project

Israeli businessman Babo Cubo, partner of model Miri Bohdana, is expanding his real estate ventures in the United States with a massive $19 billion project planned for Orlando, Florida. The development, named "Toscana," will be situated on approximately 920 dunams (227 acres) in the Shingle Creek area, near International Drive.

The approved plan includes 4,814 residential apartments, 1,291 hotel rooms, and about 61,000 square meters of commercial space. Cubo aims to create a destination that integrates branded luxury residences, international hospitality, dining, and shopping with Florida's natural green spaces and theme parks. The project is strategically located near major tourist attractions such as Disney World and Universal Studios, as well as a large Simon outlet mall and the Orange County Convention Center.

This is not Cubo's first large-scale development; he previously initiated market complexes in London's Camden Market. The Orlando project's location is significant, with the nearby Simon outlet attracting around 30 million visitors annually, and Orlando itself hosting approximately 76.7 million visitors in 2025.

The "Toscana" plan, which has been in development for years, was initially rejected in May 2025 but was subsequently revised. On September 29th of this year, the Orange County Board of County Commissioners reversed its earlier decision and approved the amended plan.

Cubo expressed his excitement, calling the location "the best place in the world to fulfill this dream." He envisions blending the "sparkle of Dubai, the luxury of Beverly Hills, and the style of Miami" with Orlando's parks and nature, aiming to create a unique destination that will draw global attention and potentially transform the area.