Page 20 - DKS 2nd real try on NMB

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Detailed Project Pipeline:Projects in Zip Code Vicinity
The following projectshave been identified as in planning or development within zip codes shared by the station area.
The projects could be considered “competitors” to similar new development within the station area, and should be
factored into future demand.(Source: CBRE, Inc.)
Name Location Type Size (sf) Timing Notes
Oceanika Villas 18915 Atlantic Blvd Multifamily 23,000 Planning 20 townhouse/condo units
Mansions at Acqualina 17749 Collins Ave Multifamily 426,700 Planning 79 multifamily units
Dezer-Porsche Res. 18555 Collins Ave Multifamily 500,000 Planning 132 townhouse/condo units
ChateauBeach 17475 Collins Ave Multifamily 271,500 Planning 84 townhouse/condo units
Bellini Williams Condo 4500 Williams IslandBlvd Multifamily 364,700 Underway 70 townhouse/condo units
One Netanya Center 323 Sunny Isles Blvd Office 43,723 Planning Mixed-use office/retail/parking
Professional Office Bld 18080 Collins Ave Office 167,000 Pre-Plan Medical office

Regional Economic Impact Overview
Metric Total Regional Impact Benefit Monetized Value (2012 $)
Employment 5,020 jobs Travel Time Savings $140 million
Wages $250 million Fuel Savings $13 million
Output $630 million Vehicle Operating Cost Savings $11 million
Results generated using best practices methodology Reduced Emissions $3 million
prescribed in U.S. Department of Transportation TIGER ReducedAutomobile Accidents $7 million
Guidelines
Total $174 million
Station Profile Conclusions
Development
Development growth between 2015 and 2025 with the station in place is expected to outpace growth if no station or
service is put in place by 80 dwelling units and 896,000 square feet of non-residential development. Under the
“high” development case, 130 dwelling units and 1.1 million square feet of non-residential development could be
expected within the station area.
Tax Generation
The additional development resulting from the station and new service is expected to generate $1.1 million in
additional tax revenue for the city by 2025 (in $2012 terms). Under the “high” development case, additional annual
revenue could climb to almost $1.5 million.
Economic Impact
The region will benefit significantly from this project in terms of jobs and output during construction and from
productivity gains after construction. Over 5,000 temporary jobs will be created during development and
construction of the project, which will immediately impact unemployment levels in all three counties. Additional jobs
will be created in the real estate construction sector to build the incremental vertical development around the station
areas.

Tri-Rail Coastal Link Station Area Market and Economic Analysis 191