Brightline launches leasing of apartment towers at MiamiCentral

Rents start at $1,900 a month

TRD MIAMI /
Jan.January 14, 2020 11:30 AM
Brightline president Patrick Goddard and Park-Line Miami (Credit: iStock)

Brightline president Patrick Goddard and Park-Line Miami (Credit: iStock)

Brightline’s apartment towers have arrived at Virgin MiamiCentral.

Park-Line Miami, at 100 Northwest Sixth Street in Overtown, is part of the mixed-use development that is home to MiamiCentral. The project adds two 30-story towers with a combined 816 luxury apartments to the project, and the Greater Downtown Miami multifamily market overall.

Leasing begins this month with rents starting at $1,900 a month, according to a press release. The Bozzuto Group’s Bozzuto Management Company, led by president Stephanie Williams, will manage the rentals. The buildings have studio apartments, and one-, two- and three-bedroom units.

The towers sit on top of Brightline’s rail platform at MiamiCentral. Amenities include a 2-acre amenity deck, pool and Jacuzzi, cabanas and day beds, a lap pool, an outdoor movie theater, a 3,500-square-foot gym, and a running track. The buildings also have outdoor dining areas with grills, a dog park and a pet spa, a business center, club room and bike storage.

Late last year, after Suffolk Construction Co. and others reached a multimillion-dollar settlement over construction issues at MiamiCentral, Suffolk filed a lawsuit against two subsidiaries of FECI, alleging the development group failed to give Suffolk an extension and increase the construction budget for the apartment towers, despite weather delays.

Brightline, which is expected to rebrand as Virgin Trains USA later this year, began operating its train service between Miami and West Palm Beach in 2018, when it opened three mixed-use stations in Miami, downtown Fort Lauderdale and West Palm. Brightline’s parent, Florida East Coast Industries, is backed by the private equity firm Fortress Investment Group. The rail service is expected to expand to Orlando, as well as make additional stops in Aventura and Boca Raton.

Last year, FECI sold the office portion of MiamiCentral for $159.4 million to Shorenstein. The deal included the ground-floor retail space, two office buildings and parking at the project.

MiamiCentral also includes the Central Fare food hall.


Related Articles

arrow_forward_ios
Richard Branson and Brightline train (Getty, Virgin)

Brightline ends partnership with Virgin Trains in South Florida

Brightline ends partnership with Virgin Trains in South Florida
(iStock)

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2
Asi Cymbal and a rendering of the project

Asi Cymbal closes on multifamily dev site in Dania Beach

Asi Cymbal closes on multifamily dev site in Dania Beach
Housing Trust Group CEO and President Matt Rieger and renderings of the project (City of Hollywood)

Hollywood approves multifamily affordable housing project

Hollywood approves multifamily affordable housing project
Brad Hargreaves

Common managing Nuveen apartment buildings in Fort Lauderdale, LA

Common managing Nuveen apartment buildings in Fort Lauderdale, LA
Lissette Calderon and a rendering of the site

Lissette Calderon buys land for third rental project in Allapattah

Lissette Calderon buys land for third rental project in Allapattah
South Florida rents are starting to fall (Credit: iStock)

South Florida rents starting to fall, especially in Coral Gables

South Florida rents starting to fall, especially in Coral Gables
Alex Rodriguez and Erin Knight with Laguna Place in Kissimmee (Credit: Michael Loccisano/Getty Images)

A-Rod’s real estate firm to offer rental assistance to tenants impacted by coronavirus

A-Rod’s real estate firm to offer rental assistance to tenants impacted by coronavirus
arrow_forward_ios

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

Loading...