Here’s where Virgin Trains is proposing a mixed-use station in Boca Raton

Stations in Boca, Aventura and PortMiami would open by end of 2020

Miami /
Jul.July 23, 2019 03:30 PM
Richard Branson (Credit: Getty Images and iStock)

Richard Branson (Credit: Getty Images and iStock)

More details have emerged on where Virgin Trains USA plans to open additional South Florida stations, with a possible land-lease between the city of Boca Raton and the high-speed rail company becoming an option.

Virgin Trains previously announced it was adding new stations in South Florida, including Boca Raton, Aventura and PortMiami, by the end of 2020.

The high-speed rail service is proposing a mixed-use station in Boca Raton with retail space and apartments, according to the Palm Beach Post. That project would require the city to sell or lease the land next to its library to Virgin Trains, or would require an amendment to the city’s comprehensive plan and the passage of a development agreement.

Virgin Trains floated the idea at a Boca Raton City Council meeting on Monday, the Palm Beach Post reported. The station would take up more than half of the city’s library property, which is just west of the railroad tracks. The library, built in 2013, sits on a 6.9-acre lot at 400 Northwest Second Avenue. As proposed, the building itself would remain, and the station would be built on a parking lot.

Patrick Goddard, president of Virgin Trains USA, has proposed that Virgin Trains would pay to build the train station, and the city could contribute the land, pay for a parking garage and elevated pedestrian bridge over Dixie Highway.

Virgin Trains, previously known as Brightline, launched in 2018 in downtown Miami, Fort Lauderdale and West Palm Beach, with mixed-use projects that include apartments, retail and office. In April, Virgin Trains closed a $1.75 billion private-activity bond issue to fund an expansion to Orlando.

In a monthly ridership report to bondholders, the company said the new stations could generate more than 2 million additional annual trips along the rail system. [Palm Beach Post] — Katherine Kallergis 


Related Articles

arrow_forward_ios
1905 Clint Moore Road in Boca Raton with Healthcare Trust of America interim President and CEO Peter Foss (Google Maps, Healthcare Trust of America)
Healthcare Trust of America buys Boca Raton medical offices for $50M
Healthcare Trust of America buys Boca Raton medical offices for $50M
RAM buys Boca Raton apartment complex for $20M
RAM buys Boca Raton apartment complex for $20M
RAM buys Boca Raton apartment complex for $20M
Steven Cohen and the Boca Raton property (Getty, Douglas Elliman)
Billionaire Mets owner Steven Cohen buys South Florida mansion for nearly $22M
Billionaire Mets owner Steven Cohen buys South Florida mansion for nearly $22M
Aventura Mayor Enid Weisman (Facebook via Weisman, Getty)
Aventura votes to require HOAs to submit critical reports within 48 hours
Aventura votes to require HOAs to submit critical reports within 48 hours
Brightline CEO Patrick Goodard with the Fort Lauderdale station (Brightline)
FECI obtains $200M in financing tied to sites near Brightline stations
FECI obtains $200M in financing tied to sites near Brightline stations
The Residences at Uptown Boca with Cortland CEO Steven DeFrancis and the sellers Alexander Rosemurgy and Rick Giles
Cortland pays $230M for Boca Raton apartments, marking priciest multifamily sale of year
Cortland pays $230M for Boca Raton apartments, marking priciest multifamily sale of year
Jason McCarthy (Ferrari, Royal Palm Yacht & Country Club)
Professional race car driver buys Boca Raton manse for $19M
Professional race car driver buys Boca Raton manse for $19M
The $24.5 million Boca Raton mansion (Coldwell Banker via Compass)
AutoLenders CEO buys waterfront Boca Raton estate for record $25M
AutoLenders CEO buys waterfront Boca Raton estate for record $25M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...