fort lauderale Archives - Rava Realty

New transportation infrastructure in South Florida

Posted by:

According to Bloomberg, Elon Musk’s The Boring Company emerged victorious in a bid to build an underground transportation system in Fort Lauderdale.

The system will be known as Las Olas Loop, and consist of two tunnels running 2.5 miles from downtown Fort Lauderdale to the beach.

Passengers of the transit system would be driven in dedicated Tesla cars (private cars won’t be allowed). Construction is estimated to take one year once the city gives the final green light.

Miami, which is said to be seeking a similar system, is now finishing pre-development and preparing an agreement ...

Continue Reading →
0

Resi sales plummet across South Florida in Q2

Posted by:

Residential sales plunged across Miami-Dade, Broward and Palm Beach counties in the second quarter, following a first quarter in which home sales were largely spared from the effects of coronavirus, according to Miller Samuel’s latest reports.

Among the areas hardest hit in South Florida, Manalapan, a high-end market south of Palm Beach, experienced a 54 percent annual drop in closed sales in the second quarter. The condo market in Coral Gables saw the biggest annual decline of all, at more than ...

Continue Reading →
0