Driving between Fort Lauderdale and Miami is supposed to take approximately 45 minutes; however, that is not the case. Gridlocks that are impossible can make the commuters to take up to an hour or more on the road. Nonetheless, a solution is at hand. Wes Edens, the co-owner and private equity investor, has brought up a better deal to help people get around the South of Florida.
Brightline, an operated passenger train which is the only privately owned in the country, just made its initial high-speed run to Fort Lauderdale from Miami in May 2018. The trip only takes 30 minutes with passengers enjoying the comfort that its leather seats offer. In addition to this, the passenger train will also be providing free WI-FI and food service all the way.
The Brightline’s Smart Service cost of a one-way ticket is $10 which cannot be compared with the price that Uber offer which is at $40. The average driving speed of other vehicles between the corridors of these two locations is at 34mph. When it comes to the Brightline, its average driving speed is at around 80mph which leaves other trucks and cars in the dust.
The notorious South Florida commuters who are ever reluctant to leave their cars have welcomed the Bright line train with smiles. The train will expand its services to West Palm Beach as well as to Orlando. The last leg of the train will be at a maximum speed of 135 mph for two hours. The trip will take two hours and 45 minutes if taken by car. Brightline has come as a solution for those commuters that are in distances that are too far to drive at the same time too short to fly.
Wes Edens is the co-founder and the co-manager of Fortress Investment Group which owns the rail system. The company has plans to develop a rail station in Miami that will cover six blocks of the city. A food hall, residences, and shops are also among the programs that the company intends to execute as connections to other areas continue.
According to real estate experts, the paths alongside the rail system will have their prices going up dramatically. Wes Edens claims that the vision he has for Bright line will go beyond Florida State. Eden is a graduate of Oregon State University with a bachelor’s degree in finance. Wes Edens joined Black Rock Asset Investors as a managing director and partners immediately after his graduation.
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