Israeli Businessman Babo Cubo Plans $19 Billion Development Near Orlando

Israeli businessman Babo Cubo, husband of Miri Bohdana, is spearheading a massive development project in Florida, following his involvement with Camden Market in London. The project, named "Toscana," received approval from the Orange County Board in Florida at the end of September. Located in the Shingle Creek area near International Drive, the development is situated close to major tourist attractions like Disney World and Universal.

The approved plan encompasses approximately 920 acres and includes the construction of 4,814 residential apartments, 1,291 hotel rooms, and about 61,000 square meters of commercial space. Cubo envisions the project as a luxury destination that blends the "sparkle of Dubai, the luxury of Beverly Hills, and the style of Miami" with Orlando's natural surroundings and theme parks. He aims to attract dozens of international brands for both residential and hospitality sectors.

Cubo, who previously helped develop market complexes at London's Camden Market, described his vision for "Toscana" as creating a unique destination that people will specifically want to visit and live in, combining the vibrancy of Camden with the ambition of Dubai. The company estimates the total development value upon completion to be around $19 billion. The land itself, consolidated from 144 separate plots between 2014 and 2021, is currently valued at approximately $1 billion.