All Aboard Florida station - The future of Fort Lauderdale
The future of Fort Lauderdale... All Aboard Florida station expected to spark development
A recent article in the Sun-Sentinel highlights how the All Aboard Florida train station proposed for downtown Fort Lauderdale will change the area for the better and I absolutely agree.“It's a hodge podge of older buildings, vacant lots and small businesses now — only a short walk from dynamic Las Olas Boulevard and other key destinations in downtown Fort Lauderdale. But with a $30 million station planned for Florida's high-speed passenger train project and a larger transit hub emerging, the area north of Broward Boulevard could ultimately become home to new high-rises, shops, restaurants and more, according to developers and community groups.” - Sun-SentinelI think there is a bigger picture here that the article didn't talk enough about. “Real estate professionals say transit hubs — like the one emerging for All Aboard, city buses, the coming Wave streetcar and, eventually, Tri-Rail's commuter train — hold promise to spur development.” - Sun-Sentinel
The real story here is the growth potential for the city and consequently real estate in and around downtown. I can’t predict the future but I would be willing to bet that within the next 10-20 years, Fort Lauderdale could potentially become a crowning achievement for urban planners and city leaders.If they play their cards right and tie in the Wave street car project with the All aboard Florida project as well as the expansion of Port Everglades and Fort Lauderdale International Airport we could have a fantastic public transportation system.The Wave street car could service the airport, Port Everglades and the beach via an extension of its currently proposed route on S. Andrews Avenue. and an east-west track on 17th St. Causeway. I don’t think it would be too far of a stretch to imagine the Wave running up A1A to Las Olas and then turning back west toward Downtown essentially creating a loop allowing tourists and locals the ability to visit all of Fort Lauderdale's top attractions via one interconnected transit system.The implications of something like this on local real estate would be hugely positive. A more walkable, pedestrian friendly downtown area will greatly increase the desirability of the area for new residence and increase market value.Read full article here