All Aboard Florida

Condo developer intrigued by All Aboard Florida's transit-orientated appeal

The first trips of the All Aboard Florida commuter train are not scheduled to roll between downtown Miami and Orlando International Airport until late in 2015. But the $1.5 billion privately-funded project is already sparking interest in transit-oriented development.

The developer building the Water Club Snell Isle condominium tower in St. Petersburg wants to locate a 200-unit condo within a quarter mile of AAF’s proposed West Palm Beach station, said Bob Vail, president of Kolter Urban, a division of The Kolter Group.

“That has definitely caught our eye,” Vail told the Tampa Bay Business Journal during a visit to Kolter’s St. Petersburg project.

Vail said the West Palm units would be a little smaller than other Kolter developments and target more of a year-round resident. And while Kolter’s sweet spot is generally in the $500,000 to $1.5 million range, Vail said the company is considering a “more affordable” price point of $300,000 to $500,000 the West Palm project.

Read More at Water Club Snell Isle