MIAMI—Transit-oriented development is redefining Miami's city landscape and the commercial real estate industry. That's the perspective of Tere Blanca, founder, chairman, CEO and president of Blanca Commercial Real Estate, as well as many others.
“Increasingly, companies are flocking to transit hubs that ease the day-to-day commute times of their employees and are connected to vital amenities,” Blanca tells GlobeSt.com. “A case in point: The All Aboard Florida passenger rail system, which will connect Miami to Orlando with stops in other key markets like Fort Lauderdale and West Palm Beach and have its hub in a multiuse project in Downtown Miami called MiamiCentral.”
Too be sure, the development of MiamiCentral is sparking massive investment in the area. In advance of the rail system's 2017 arrival, one of its office buildings, Blanca points out that Two MiamiCentral is already 60% pre-leased and robust pre-leasing is now underway at Three MiamiCentral.
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