Fort Lauderdale Transit Hub Sparks Development

Written by on 07.15.14 in Land, MultiFamily, Office, Retail - No comments

A $30 million train station is transforming the Broward Boulevard area and sparking more development.

The terminal for the high-speed passenger train project All Aboard Florida is reportedly fueling interest in the real estate industry and other business sectors. Ultimately, experts say the area could become home to high-rises, new shops and restaurants.

The company behind All Aboard Florida already bought almost five acres by its station site, which is close to the bus terminal on Northwest 2nd Street. All Aboard’s president and chief development officer, P. Michael Reininger, told the Sun Sentinel that the company is planning to buy more property around there.

Government officials and civic leaders are optimistic about potential investment, spurred by the nationwide trend of moving toward more walk-able communities that offer mass transit.

The station is one of four planned stations on the Miami-Orlando passenger rail line that is expected to start running in 2016.


Source: The Real Deal

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