26View
0Rating

Local officials and railway executives unveiled plans on Wednesday for a sprawling 3 million-square-foot Miami train station complex including an 80-story skyscraper, to anchor the state's first privately owned intercity railway and help redevelop the downtown area. Officials from All Aboard Florida, a subsidiary of Fortress Investment Group, liken the Miami station to such well-known city landmarks as New York City's Grand Central Terminal and San Francisco's Bay Bridge, and say they expect to break ground in the coming months with a target completion date sometime in 2016. The 235-mile rail link, with a total budget of $2.5 billion, will run from Miami to Orlando with stops in Fort Lauderdale and Palm Beach, taking about three hours and traveling at speeds of up to 110 mph (177 kph). Ticket prices have yet to be announced. The ground floor of the 11.2-acre downtown site will be filled with shops and restaurants, sliced by a 50-foot-high platform and topped with four high rise buildings, including an 80-story skyscraper. Cortesy, Reuters.com JUAN G. RAMIREZ PA Real Estate & Business Consultant, e-PRO, TRC Direct: +1.786.253.7621 info@JuanMiami.com www.JuanMiami.com