How SunRail is Affecting Orlando Real Estate
SunRail is a relatively new addition to Orlando’s transportation scene, a little over a year old. To date, it connects Volusia and Orange Counties through Downtown Orlando. It is expected to expand to Poinciana in Osceola County and north up to DeLand. Here’s how the train has affected Orlando’s housing scene.
Convenience is key
The addition of the commuter rail to Orlando has increased housing around the rail’s train stations. SunRail has appeal for people working all along the track, not just in Downtown Orlando. Residents love the convenience of having a commuter track near their homes. This helps to forego some of Orlando’s unforgiving traffic and the cost and maintenance of having to drive a car to work on a daily basis.
Keeping commuters in mind
Another lure for Orlando residents to choose to live near the train is the fact that developers are capitalizing on the empty spaces near the train stops, and are starting to build shopping centers and other amenities that would intrigue the everyday commuter, such as coffee shops and commuter parking lots.
New housing in the works
There has been an estimated $3 billion in projects including luxury apartments and townhomes as a result of the SunRail. This includes an envisioned 293-unit apartment complex in Winter Park and Weston Park, a 208-unit complex to open in Longwood. The addition of the SunRail to Orlando will attract more workers with the convenience and ease of a commuter rail. Not only has it brought in more construction jobs, but it will make Orlando an even more attractive choice for workers that prefer a greener, and easier, path on their way to work.