The Miami Beach Monorail Consortium has announced that the global infrastructure investment firm Meridiam has become the lead investment partner for the Consortium’s proposed mass transit monorail that would connect Downtown Miami and Miami Beach.
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Habitat Development Releases New Renderings of Smart Brickell Condo-Hotel
Habitat Development's planned condo-hotel Smart Brickell, designed by Hernando Carrilo, has released new renderings as the project gears up to break ground. Smart Brickell is located in West Brickell and is expected to break ground in the spring of 2018. The project will feature 3 towers with 170 condo residences and 150 hotel rooms.
Read MoreStrategic Miami Area Rapid Transit Plan (SMART) Expected to Cost $3.6 Billion
Strategic Miami Area Rapid Transit Plan (SMART) is finally coming to Miami and will provide a major shake-up to the city's public transportation opportunities. SMART is expected to cost over $3.6 billion and will bring 82 miles of new train rail to the Miami Metropolitan Area. The new routes will feature a first of its kind 9-mile Miami to Miami Beach metro mover route which will cost approximately $1.2 billion in itself. The rest of the mainland routes will be built at-grade. Officials are considering applying for federal funding. Local funding would allow ground-breaking on all 6 transit corridors to begin with 2 to 6 years. The city of Miami is looking at using increased sales tax, MDX toll revenue, auto tag renewal fee revenue, new parking violation measures, increased gas taxes, TIF financing as options to help locally finance the project.
Check-Out New Renderings of MiamiCentral Station & All Aboard Florida Update