The Real Deal Miami

All Aboard Florida developers in talks to buy Miami lots

City may sell two parcels for $5.5M for multi-story building use
August 21, 2013 03:00PM


All Aboard Florida rendering

Florida East Coast Industries, the company planning the $1.5 billion All Aboard Florida passenger train service from Miami to Orlando, is in talks to buy two Miami properties for the project.

All Aboard Florida wants the city’s Community Redevelopment Agency to sell the parcels across from the Lyric Theater for $5.5 million, GlobeSt reported. The downtown train station and transportation hub would feature office space, apartments and retail outlets, All Aboard Florida executives said. Those two parcels at the corner of Northwest 8th Street and Second Avenue would hold a multi-story building for many of these purposes.

Community Redevelopment Agency officials are slated to provide recommendations to their board. A vote will likely occur at next month’s meeting. [GlobeSt]Mark Maurer