The Miami Herald reports that “Despite obstacles, Tri-Rail still coming to downtown Miami in 2018”
Thanks to some last-minute legal maneuvering — and Tri-Rail’s decision on Friday to borrow money to close a $20 million funding gap — plans for a downtown Miami station are now once again chugging along.
“The project’s too important for the region, certainly to Miami-Dade, certainly to the city of Miami,” said Jack Stephens, executive director of the South Florida Regional Transportation Authority (SFRTA), which runs Tri-Rail. “So it had to happen, but we had to figure out a way to make it happen.”
By the end of 2018, Tri-Rail’s downtown Miami station should be operating — ferrying commuters from north Miami-Dade, Broward, and Palm Beach counties. Tri-Rail passengers who want to get to downtown currently have to transfer to Miami-Dade’s Metrorail line in Hialeah, an inconvenience that makes it harder to convince commuters to abandon their cars. There are other major movers and transportation services – learn more from Forklift Safety Solutions
Tri-Rail’s new downtown location will be part of the MiamiCentral station currently being constructed by All Aboard, a planned express train service that will connect Miami to Orlando. The ability of Tri-Rail to piggyback on a station already being built was a rare and valuable opportunity, given the high cost of buying downtown real estate.
MiamiCentral Station will also serve as a retail, office and residential hub in the Central Business District of downtown Miami. Plans include about 315,000 square feet of Class A office space in two office buildings and at retail level. All Aboard recently announced anchor tenants for Two MiamiCentral to include Ernst & Young, one of the “Big Four” audit firms, Regus (flex-workspace), and All Aboard Florida’s parent company Florida East Coast Industries. With these tenants, Two MiamiCentral is approximately 50% leased.
In addition to offices, there will be 180,000 square feet of retail space and 800 residential rental apartments. MiamiCentral Station will also connect, via covered walkways, to the Miami MetroRail Government Station for easy transfer to southern Miami-Dade County and the Miami International Airport.
In other news, Florida East Coast Industries (FECI) was named “Developer of the Year” by the Greater Miami Chamber of Commerce at the March 10 “Real Estate Achievers and Leaders” (REAL) Awards.
The company was recognized for its achievements in improving progressive urban areas through unique transportation and logistics innovations. FECI is the parent company to All Aboard Florida, the country’s first privately-owned intercity passenger rail system incorporated with multi-use community spaces…
All Aboard Florida is developing Brightline, an express, intercity train service arriving 2017. The South Florida train stations in Miami, Fort Lauderdale and West Palm Beach are currently under construction and will bring a total of 4 million square feet of new transit-oriented development, including 1,100 residential units.