In a Press Release Disney announced their plans for the transformation of the Pleasure Island area of Downtown Disney into the new "Hyperion Wharf" Waterfront District.  The new area will feature additional shops, dining, and entertainment for the whole family.  At night the Hyperion Wharf will become an electric wonderland filled with thousands of lights.

Here is the Press Release with all of the details (pictures shown are Disney Artist Renderings of "Hyperion Wharf" Waterfront Disntrict):

LAKE BUENA VISTA, Fla. (Nov. 18, 2010) – Work will soon begin on a completely re-imagined Pleasure Island and other one-of-a-kind experiences as Walt Disney World Resort continues to bring new stories to life at Downtown Disney. Combined, the projects are expected to create an estimated 1,200 new jobs over the next three years.


“We have made great progress since first announcing our vision to bring new shopping, dining and entertainment experiences to Downtown Disney, many of which can’t be found anywhere else and have already become guest favorites,” said Keith Bradford, vice president of Downtown Disney. “We look forward to providing even more ways for our guests to enjoy Downtown Disney, while at the same time creating new jobs for Central Floridians.”

A nostalgic yet modern take on an early 20th century port city and amusement pier will evolve Pleasure Island into “Hyperion Wharf.” By day, the bustling port district will draw guests in with its stylish boutiques and innovative restaurants and by night, thousands of lights will transform the area into an electric wonderland.

Taking its name from Hyperion, the Greek god of light, as well as the street on which Walt Disney built his first major animation studio, the wharf district also will feature a relaxing lakeside park and enhanced pedestrian walkways. Its diverse eateries will expand dining availability at Downtown Disney by more than 25 percent.

“Hyperion Wharf will offer guests of all ages a vibrant atmosphere and new experiences that can be enjoyed by day or by night,” said Bradford. “Whether looking for a great place to dine with the whole family or a place to relax and enjoy live music, Hyperion Wharf will provide the perfect setting for guests to make new memories with us.”

In addition to the new wharf district, numerous other projects are underway at Downtown Disney, including:

• an extensive renovation of Lego Imagination Center, which will increase its overall footprint by nearly 3,500 square-feet and add new Lego exterior models featuring scenes from classic Disney movies;
• enhancements at AMC that will take the movie-going experience at Downtown Disney to the next level with new digital technology, a paradigm-shifting Concession Stand of the Future and Florida’s first Fork & Screen Theater; and
•  numerous new or renovated retail shops and merchandise vignettes, as well as additional atmosphere entertainment, throughout Downtown Disney.

Combined, these projects are expected to create an estimated 600 construction jobs, 500 restaurant, retail and entertainment jobs and support 100 vendor and supplier jobs.

Other recent additions to Downtown Disney include:

•  new entertainment, such as the Characters in Flight tethered balloon ride, the ETX theater at AMC and an enhanced outdoor performance area;
• unique shopping experiences like D Street, littlemissmatched, RIDEMAKERZ, Tren-D and Disney’s Design-a-Tee; and
•  immersive dining, like T-Rex: A Prehistoric Family Adventure, Paradiso 37 and the recently opened Pollo Campero and Fresh A-Peel, a new quick-service restaurant combining authentic Latin-style chicken and side dishes, as well as fresh, healthy creations such as salads, wraps and gluten-free desserts.