The Disney Parks Blog has reported that Downtown Disney and specific Pleasure Island will be evolving into a new area called, "Hyperion Wharf."
The area will be a modern take on an "early 20th century port city." Per the blog: this will include stylish boutiques and innovative restaurants during the day, and then at night thousands of lights will convert the area into an "electric wonderland."
Other changes include changes to the Lego Imagination Center, AMC Theatres and other retail locations.
Construction of the district will begin immediately and the scheduled completion date is 2013.