MIAMI-Executives with the $1.5-billion All Aboard Florida train service have revealed the organization is about to enter talks with the city's Community Redevelopment Agency to acquire two downtown parcels.
The properties are part of the organization's plan to build a large train station and transportation hub here as part of the project to build an Orlando to Miami passenger train service.
Michael Reininger, president and chief development officer for All Aboard Florida, says his organization is hoping to convince the CRA to sell the parcels across from the Lyric Theater to All Aboard Florida for $5.5 million, according to the Miami Herald.
Reininger and the project's public affairs manager, Ali Soule, say the downtown Miami train station would feature office space, residential apartments and retail stores. One of the reasons All Aboard Florida wants to acquire the two parcels at the corner of Northwest Eighth Street and Second Avenue is because All Aboard Florida hopes to build a multi-story building there that would include apartments, offices, shops and parking.
Reininger adds that CRA officials will send recommendations to their board. A vote on the offer would likely come at a CRA meeting scheduled in September. See story in the Miami Herald.
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