It may not be obvious if you’re not tuned in to the real estate scene, but Fort Lauderdale is in the midst of a new construction boom. Part of the growth of the city is a new passenger train service, which is already impacting real estate values – Brightline.
Brightline is a new passenger train that will initially run between Miami and West Palm Beach starting in 2017, and will later expand to offer service up to Orlando, which will give us, our friends, families and tourists, an option other than driving or flying to get to and from Central Florida. To start, Brightline will have three major stations – Miami, Fort Lauderdale and West Palm Beach, which are all under construction right now. In fact, the Fort Lauderdale and West Palm Beach stations have recently been topped off and are moving along quickly.
The Fort Lauderdale station is located just north of Broward Boulevard, near Las Olas, Downtown and the Flagler Village neighborhood. This was already a rapidly growing area, and will continue to become more and more valuable as development grows in the area.
The whole project is already impacting and will continue to add value to real estate throughout our city, and particularly the area directly around the station, as housing, retail and other development will come nearby. People will have more freedom to choose where they want to live and work because the train will provide a better option for commuting. For example, if you have a job in Miami, but want to live in Fort Lauderdale, or vice versa, Brightline will make things much easier, providing a stress-free transportation option, as opposed to fighting it out on 95.
Our team is excited about this project and what it means for Fort Lauderdale, and would love to help you find the perfect home nearby, whether it will be your next residence or an investment property. To learn more, contact us today!