Ep. 52 – Real Estate Development is a Big Part of All Aboard Florida Rail Project

Posted on October 26, 2015 by admin

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For those who haven’t heard, All Aboard Florida is a high-speed rail project connecting Miami and Orlando via Fort Lauderdale and West Palm Beach. The project is slated for public use in 2017.

The project will have a major impact on transit in South Florida and Central Florida. The rail project will also have a profound effect on real estate development in the state. John Guitar, Senior V.P. of Business Development discusses All Aboard Florida’s interests in stations and transit-oriented real estate development.

4 million sq. ft. rail transit
- Miami
- Orlando
- Ft. Lauderdale
- West Palm Beach
Utilizing privately owned space in F.E.C. “Flagler Corridor”
High-speed Transit
- 79-110 mph
- 125 mph (with no grade crossings)
Miami
1. Retail
  1. 200k sq. ft. real estate development for Downtown Miami Station
  2. Servicing local and commuter traffic
2. Office
  1. 2 Developments planned: 200k sq. ft. & 100k sq. ft.
  2. Accessible locations for commuters
Ft. Lauderdale / West Palm Beach
- Several retail and residential plans in works for future development

To contact John with questions regarding All Aboard Florida’s real estate development and leasing opportunities or to find out more about the project visit the project website www.allaboardflorida.com

www.miamicentral.com

All Aboard Florida – Economic Story

Update***

Now referred to as Brightline

https://gobrightline.com/

E34 Wesley Burdette – How He Progressed from Single-Family Flipper in to Multi-Family Development

Posted on June 22, 2015 by admin

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Wesley Burdette has always had a hand in real estate investing, however he began on the lending side in the Washington D.C./metro area. From lending he moved towards single-family residential flipping with his sights set on the Florida real estate markets. After finding success in the single-family markets, Wesley endeavored into real estate development and now has several projects in progress in the Seminole Heights neighborhood of Tampa, notably a 46 unit loft-living complex, The Warehouse as well as four new townhouses.

Wesley joins us to discuss his transition from flipper to developer and covers key tips for investing in the Florida real estate markets along with advice on how to diversify your investments and foray into larger investment markets.

Know Your Market
- Research the areas you are considering investing in
- Understand consumer psyche – what do people want in a home?
- Know your contractors, work closely with them
- Millennial Markets on the rise: Seminole Heights
Budget
- Know what you can afford
- House-flipping is all about initial buy
- Cost structure
  - Adaptive reuse (commercial, multi-family)
  - Infrastructure (basic repairs)

Wesley’s Tips:

Perseverance is key.
Entering into investment real estate can be intimidating, but with determination and the proper know-how you can find success.
Be careful with your investments. Don’t get locked into something uncertain

If you are interested in investing in the Seminole Heights area or just looking for some local urban flavor, check out: The Rooster and the Till or The Refinery

To view pictures of Wesley’s multi-family development project, The Warehouse, click here.

Visit the Page on Facebook

Wesley can also be contacted directly at: wburdett1@yahoo.com

EP10 – What is Happening in Miami Real Estate Development? Where Is the Market Headed?

Posted on January 5, 2015 by admin

The Miami real estate market is one of the most resilient markets in the world and certainly the strongest market in the State of Florida. It was left for dead after the 2008 market downturn and even optimistic projects estimated it would take at least a decade to rebound. Fast forward to 2015 and the Miami market is seeing eye-popping growth, not only in construction starts, but also a rebound in prices.

Tim Becker, CCIM & Director, Kelley A. Bergstrom Center for Real Estate Studies, is our special guest for this first of a four part series of the State of Florida’s major real estate markets, in preparation for the Center’s Trends and Strategies Conference February 26-27 in Orlando, Fl.

In this part of the series Tim gives a brief overview of what is moving and shaking in the Miami real estate development scene and some areas of potential concern. If you are an active or aspiring real estate investor in the Florida markets, you will definitely want to catch all four parts of the series.

Check out this episode!

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Gainesville, FL 32611-7169