That was my original thought too. But looking closer, there’s a clear separation between the Encanto section and the rest of the land. And the buildings don’t really actually resemble anything out of Encanto if you actually compare them.
They
do look strikingly similar to Santa Cecilia though. For example:
View attachment 774242View attachment 774243
It’s certainly possible that they hadn’t fully committed to Coco when they released this art. But I’m highly confident that that’s what they put here.