South Florida: Tracking New Train Lines’ Impact On Downtown Miami Residential Development

By Jeffrey Steele, Contributor, Forbes Magazine; January 31, 2019

With commuter and interurban train lines sprouting in large metros nationwide, observers are closely studying the lines’ impact on residential property development near stations. Of particular interest is a phenomenon in Florida being termed “The Richard Branson Effect.”

Branson’s Virgin Group has partnered with Brightline to create Virgin Trains USA, a high-speed train line that will let passengers zip from Miami to Fort Lauderdale in 30 minutes, and to Palm Beach in 75 minutes. Along with announcement of the partnership has come renewed interest in new residential projects being developed within a one-mile radius of the station.

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