Brightline Secures Financing for Expansion to Orlando

admin Multi-Family, Portfolio Updates

Brightline has completed another step in its expansion to Orlando as All Aboard Florida secures funding approval for $1.75 billion to initiate phase two of the high-speed rail service. The cities of Fort Lauderdale and Miami are becoming increasingly more interconnected with the Brightline railway service, which has set a target completion date of 2021 for the Orlando leg. Phase One of the Brightline route begins in Miami (from Miami Central Station, conveniently located near our 300 Biscayne and X Biscayne developments) to Fort Lauderdale (steps from our X Las Olas developments) to West Palm Beach, with the Phase Two extension to Orlando providing a more efficient alternative to intercity commuting.

Image: The current functional Brightline route displayed in blue with the future expansion of the Orlando leg shown in pink.

Learn more about Brightline’s financing announcement on The Real Deal Miami.