Investors Snap Up Brightline Bonds; Company Says It Will Pursue New Real Estate Development At MiamiCentral

Investors have a strong appetite for bonds being sold by Brightline, according to Trains.com.

The train company’s recent $950 bond offering financing construction to Orlando was bought up by eager investors and oversubscribed, the website reported. The bond deal was completed on December 23.

Brightline and its affiliates intend to pursue new real estate development opportunities around MiamiCentral, it told investors in the offering documents.

Companies tied to Brightline control two pads immediately south of the Miami station, the documents state. The pads have a combined 2.5 acres, with rights to build up to 1.8 million square feet.

Two supertowers are planned by the company on those sites, according to filings with the FAA.

Brightline also recently resumed installation and testing of a new Positive Train Control system, Trains.com reported. Suspension of service has allowed for the new system to be installed without impacting customers.

The PTC system is required to be operational before Tri-Rail can use the tracks.

 

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Anonymous
6 days ago

I hope they build some supertall buildings with innovative designs. This area is becoming amazing!

Anonymous
6 days ago

I know BrightLine is planning two supertall towers next to MiamiCentral but, we’ll be glad if they show how serious they are when and if they build the first one.

Anonymous
6 days ago

Oh, I see you’ve applied the Mana Test to the worthiness of any developer, ie, if they don’t build it fast enough for you, they are not worthy.

Anonymous
6 days ago

Where in that comment does it talk about building anything”fast”and the trustworthiness of BrightLine?”

I’ll be waiting for your answer.

Anonymous
1 day ago

They already seem to be pretty serious with the two towers they’ve built into the station, I think I trust them. The main goal of the rail line for them is to make their real estate more valuable pretty sure

Anonymous
6 days ago

it’s good that they resumed installation and testing of the ptc system so tri-rail can finally expand to Downtown miami

Anonymous
6 days ago

How about run the damn trains! Get Tri-rail into downtown. This is a JOKE

Anonymous
6 days ago

Why?.. are you ready to jump on one of these trains?

Anonymous
6 days ago

Ask the nanny state government requiring PTC systems because Darwin Award recipients won’t stay off the tracks or try and beat the train at crossings.

Anonymous
6 days ago

Well there’s still space around the Brightline. You have several options across the streets… AT&T pink building to the east, you have 4 story Poinciana Village building to the west with Highway frontage, and you have 2 story Lyric point to the north with access to NW 8st.

Anonymous
6 days ago

Curious why they couldn’t find buyers for their bonds to build the Vegas to LA route then

Anonymous
6 days ago

Why would you want to live in Vegas or LA?? Taxes crime and sin all in one?

transplant
6 days ago

I think it is because investors want in on Miami. It’s logistically a no brainer down here but for the west coast route the train would still leave you 60-90 minutes from Downtown LA. It would be like if from Orlando Brightline ended in Pembroke Pines or Weston.

transplant
6 days ago

I think it is because investors want in on Miami. It’s logistically a no brainer down here but for the west coast route the train would still leave you 60-90 minutes from Downtown LA. It would be like if from Orlando Brightline ended in Pembroke Pines or Weston.

Anonymous
6 days ago

It was already operating and linking major cores and disney is on board too.

Anonymous
6 days ago

Without the mega conventions and shows you gotta wonder what LV will end up being like ? Right now very few people and not a great experience with no people.

Anonymous
6 days ago

You’d be better off flushing your money down the toilet than investing in California or Las Vegas, especially when by the time construction starts in a few years, the economy will crash.

Anonymous
4 days ago

No population growth in California. In fact, population declining. Florida has significant population growth.

Anonymous
6 days ago

Can I assume that’s a $950 MILLION dollar bond?

Anonymous
4 days ago

Any technical minds here? The port Miami station trains will pass at grade (street level) next to the existing Miami central station. Si my question is will there be a stop at Miami central for trains to and fro from port Miami? Will they make a street level station in front of Madison building or just below the existing Miami central station?

Anonymous
6 days ago

Bring Tri-Rail to downtown and build the super tall towers, no compromising!!!

Anonymous
6 days ago

Real estate scam