By: Ismael Rodriguez
Brightline’s developers are not only innovating the train service industry, but they are now venturing into the rental apartment business.
Florida East coast Industries, the company backing the $3 billion, 235-mile express train system that connects Orlando to Miami, will launch a new real estate brand dubbed Park-Line, which will not only focus on commercial but residential properties, too.
The developer’s first order of business, strategically, is to bring three towers of rental apartments to its Brightline locations, which includes the MiamiCentral station in downtown.
“Park-Line residences are designed for people on the move who want to live and travel smarter,” Daniel Quintana, vice president of development for Florida East Coast Industries, told the press. “Each of the innovative towers in West Palm Beach and Miami will expand residents’ playground and working options by utilizing a vast variety of transit options just steps away from their front door.”
Brightline’s West Palm Beach station will get the first tower in 2018, which will be comprised of 290 units ranging from studios to two-bedroom apartments, and the second and third towers will be due in 2019 and placed at the Miami station, offering a combined 816 units that range from studios to three-bedrooms.
Lincoln Property Company, a Dallas-based real estate company, will partner with FECI to develop the towers, which are said to flaunt floor-to-ceiling windows and designer finishes.
MiamiCentral, the 11-acre, multi-purpose station will include a 50,000 square-foot food court, 180,000 square feet or retail and 300,000 square feet of Class-A office space.
The station at 101 NW First St. in downtown Miami is expected to open by the end of 2017.