Miami’s vibrant urban landscape is set to welcome Crescendo, the final residential phase of the expansive Link at Douglas transit-oriented development. This significant project has secured $134 million in construction financing, marking a major step forward for one of Miami’s largest TODs. The funding will facilitate the development of a new 37-story tower, adding hundreds of much-needed residential units to the area and further enhancing its mixed-use appeal.
Key Takeaways
- Link at Douglas, a 7-acre master-planned community, has received $134 million in financing for its final residential tower, Crescendo.
- Crescendo will add 392 units to the development, with 12.5% designated as affordable housing.
- The project is a collaboration between 13th Floor Investments, Barings, Santander Bank, TD Bank, and First Horizon Bank.
- The development includes significant public transit infrastructure improvements and is adjacent to the Douglas Road Metrorail Station.
Crescendo: The Final Piece of the Puzzle
Crescendo represents the fourth and final residential component of the 7-acre Link at Douglas development. This 37-story tower will introduce 392 new residential units upon its completion, which is anticipated in 2029. Construction is already underway for the tower, which will feature shared amenities such as a media room, fitness center, pool, clubhouse, and a children’s playroom.
The broader Link at Douglas project, a joint venture involving 13th Floor Investments, Key International, CDS International Holdings, and Wexford Capital, broke ground in 2019. The development has already seen the successful completion and full leasing of its initial residential towers, Core and Cascade. A third tower, Cadence, is currently under construction and slated for delivery in 2028.
Enhancing Transit and Community
Beyond residential units, the transit-oriented community will also incorporate retail space. A notable aspect of the project is the development team’s $17 million investment in public transit infrastructure. This includes the renovation of the Douglas Road Metrorail station and the creation of a public plaza that seamlessly connects to The Underline linear park, fostering greater connectivity and accessibility.
The strategic location of Crescendo, at 3070 SW 37th Ave., places it directly beside the Douglas Road Metrorail Station. This prime spot offers residents convenient access to nearby amenities like The Shops at Merrick Park and Trader Joe’s, with Miami International Airport just six miles away.
13th Floor Investments’ Growing Portfolio
This financing round underscores 13th Floor Investments’ continued expansion in Florida’s multifamily sector. Since 2008, the firm has delivered over 4,700 multifamily units in South Florida and has an additional 4,800 units in various stages of development. The company recently celebrated topping out the second phase of Skye Apartments in Delray Beach and has other transit-oriented projects in the pipeline, including Link at Boca and the proposed Link at SoMi.