Quote:
Originally Posted by Mr Downtown
I understand that, but how exactly does the land become any more valuable for development with a train station in the middle than it is now? Can they build any higher? Do they think ultrarich Latin Americans will be more attracted to condos next to a train station than one next to the beach or in Coral Gables? Does it substantially change their position in the office leasing market if lawyers and accountants officed there can more easily make daytrips to Orlando?
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I really don't understand the following question from you ;
" How exactly does the land become any more valuable for development with a train station in the middle than it is now?"
You have a major train station being built in the heart of downtown Miami & connected to Metrorail right across street.They plan to build several towers above the station including a 80 story office/hotel tower.
Any development is preferable to 9 acres of parking lots highlighted in red above. In addition look at all of the proposed projects such as the Convention center & hotel plus the huge Miami World Center project.
Another curious question from you is about "ultra rich Latin Americans" wanting to buy next to a train station". Do you think only wealthy Latin Americans are the ones buying condos in Miami?
A major new rail station in the heart of any major city is going to cause any land to become more valuable!