The Real Deal Miami

All Aboard Florida eyes Broward bus depot for land swap

County commissioners to discuss proposal during Tuesday's meeting

August 11, 2014 11:15AM

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Mike Reininger

Mike Reininger

To All Aboard Florida, a Broward County bus terminal property is the key to a successful mixed-use development near its downtown Fort Lauderdale station.

The company wants to swap parcels with the county so it can build shops, restaurants, office space, residences and possibly a hotel across from the Northwest Second Avenue station site. All Aboard Florida owns two acres adjacent to the bus depot, which fronts Broward Boulevard. Broward commissioners are expected to discuss the proposal during Tuesday’s meeting.

All Aboard Florida would have to go forward with a scaled-down version of a mixed-use project if commissioners do not approve the land swap, according to the Sun-Sentinel.

The proposed transaction “permits more density and energy at that gateway corner,” All Aboard Florida president Mike Reininger said. “We should all be interested in the highest and best use for real estate in the core downtown.” [Sun-Sentinel]Eric Kalis

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