search

The Real Deal Logo

Trending

Chetrits have a problem in PassaicChetrits have a problem in PassaicH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
Commercial
South Florida

How the Brightline train will transform the Sunshine State — and its real estate

Brightline’s first completed trainset
Brightline’s first completed trainset

From the March issue: All Aboard Florida’s Brightline train service between Miami and West Palm Beach, scheduled to begin this summer, has the potential to be transformational for South Florida, local real estate experts agree.

“This will change the way travel and development and redevelopment occur in South Florida,” said Rick Gonzalez, president of REG Architects in West Palm Beach. “You can now work in downtown Miami and live in Fort Lauderdale or West Palm Beach.”

Sign Up for the undefined Newsletter

Brightline, which has been under construction for almost three years, also includes a stop in Fort Lauderdale and will ultimately be extended to Orlando as well.

Developers will benefit from the consumer traffic around the stations, said Arden Karson, senior managing director of CBRE South Florida, adding, “Brightline will … ultimately make these downtown areas much more attractive as a destination for residential, commercial and retail real estate investment and development.” [more]

Tags
All Aboard FloridaBrightlineCommercial Real Estate