Construction Commences on CADENCE: The Third Tower at Link at Douglas in Miami

Construction Commences on CADENCE: The Third Tower at Link at Douglas in Miami

Construction Commences on CADENCE: The Third Tower at Link at Douglas in Miami

Construction is officially underway on CADENCE, the third residential tower rising within the transformative Link at Douglas development, a dynamic mixed-use, transit-oriented community located where Coral Gables meets Coconut Grove. Developed by 13th Floor Investments in partnership with Barings and designed by internationally renowned firm Arquitectonica, the 35-story tower will add 432 market-rate apartments to the neighborhood — 12.5% of which will be designated as workforce housing. The project is slated for completion in 2028.

Strategically positioned on a 7-acre site directly adjacent to the Douglas Road Metrorail Station, CADENCE is part of a broader initiative to turn this high-traffic transit node into a vibrant, walkable urban district. The project is backed by a $125 million construction loan arranged by a lending syndicate led by Santander Bank and TD Bank. With an estimated construction timeline of 33 months, CADENCE is expected to be a key contributor to Miami’s growing inventory of well-located, transit-connected housing.

CADENCE builds on the success of Link at Douglas’ first phase, which was completed in 2023 and includes the 312-unit CORE and 421-unit CASCADE towers. Together with over 30,000 square feet of ground-floor retail, anchored by a flagship Milam’s Market, the development has already started to reshape the area into a mixed-use destination. A fourth and final residential tower is also in the pipeline and will bring an additional 400 units to the site upon completion.

“Securing this construction financing marks a major milestone in bringing the next phase of Link at Douglas to life,” said Daryl Shevin, CFO of 13th Floor Investments. “It reflects strong confidence in our vision and the demand for well-located, high-quality transit-oriented housing in South Florida.”

The Link at Douglas project is the result of a strategic public-private partnership with Miami-Dade County and the Department of Transportation and Public Works. Situated on publicly owned land via a ground lease, the development includes more than $17 million in privately funded infrastructure enhancements. Among them: a fully renovated Metrorail station and a new pedestrian-friendly public plaza that will seamlessly connect with The Underline — Miami’s celebrated linear park and urban trail.

“We’re proud to continue our partnership at Link at Douglas with the development of Cadence,” added Chris Cassella, Managing Director at Barings. “This project exemplifies the kind of forward-thinking, high-impact development we’re committed to, bringing smart density and long-term value to one of Miami’s most strategic locations.”

CADENCE also adds to 13th Floor Investments’ expanding multifamily footprint across South Florida. In addition to delivering over 3,900 units since its inception in 2008, the firm recently completed the 420-unit Savio in Delray Beach and is actively developing The Parks at Hallandale (398 units) and The Parks at Davie (383 units). With over 4,800 units in its development pipeline, 13th Floor continues to be a leading force in shaping the region’s residential future.