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South Florida Adding to its Linear Parks, Green Space

by | Jul 25, 2015
Green space can have a revitalizing impact on properties, particularly underutilized ones. As more users gravitate to dedicated green spaces, more commercial investment follows.

John Dohm
2015 Chairman of the Board
MIAMI Association of Realtors®

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Green space can have a revitalizing impact on properties, particularly underutilized ones. As more users gravitate to dedicated green spaces, more commercial investment follows. When developers improve or build new projects with signibcant green space, nearby property values are increased and ultimately tax revenue as well.

With that in mind, South Florida developers have plans to add to what is alread y a sign ibcan t parks system. Miami P Dade Coun ty Parks is the thirdPlargest county park system in the U.S., consisting of 260 parks and 12,825 acres of land.

The most publicized upcoming project, The Underline, is a pr oposed 10P mile long bike way and linear park that will run underneath the Metrorail tracks in Miami P Dade. The Underline will connect several diverse communities from Dadeland South to Brickell, one of the nation's largest bnancial districts. It will improve pedes trian and bicyclist safety, create over a hund red acr es of open space w ith restore d natural habitats, encourage a healthy lifestyle, provide e asily accessible places to exercise, and more. The Underline will increase property values because it will improve the adjacent and connecting property.

The Underline is often compared to New Yo rk City' s High Line, a 1.45Pmile long elevated linear park. The High Line had a sign ibcant impact on property values. The High Line, which had its brst s ection open to the public in 2009, generated $3 billion in real estat e devel opmen t and an add itiona l $1 bill ion in tax r even ue after its creation. High Line Designer James Corner Field Operations has been hired by MiamiPDade County to design Miami's Underline.

Two other Miami projects, River Landing and Biscayne Line, w ill feature green space. River Landing Shops and Residences, a $300 mill ion mixedPuse development along the Miami River, is setting asi de one acre of waterfront space to create a linear park. The Related Group and ArquitectonicaGeo are also proposing a linear waterfro nt park in Miami. The Biscayne Line, which will span three miles in Edge water, will include benches, art and shade trees.

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