Construction Begins on CADENCE: A New Era for Link at Douglas

Construction has officially commenced on CADENCE, the third residential tower within the transformative Link at Douglas development. This dynamic mixed-use, transit-oriented community is strategically located at the intersection of Coral Gables and Coconut Grove, two of Miami’s most vibrant neighborhoods. Developed by 13th Floor Investments in partnership with Barings and designed by the internationally acclaimed firm Arquitectonica, CADENCE will rise 35 stories high and introduce 432 market-rate apartments to the area, with 12.5% of these units designated as workforce housing. The project is set for completion in 2028, marking a significant milestone in the region’s housing landscape.

A Strategic Location

Positioned on a 7-acre site directly adjacent to the Douglas Road Metrorail Station, CADENCE is part of a broader initiative aimed at transforming this high-traffic transit node into a lively, walkable urban district. The project is backed by a substantial $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 poised to significantly contribute to Miami’s growing inventory of well-located, transit-connected housing, catering to the increasing demand for urban living.

Building on Success

CADENCE builds upon the success of the first phase of Link at Douglas, which was completed in 2023 and includes the 312-unit CORE and the 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 begun to reshape the area into a mixed-use destination. Furthermore, a fourth and final residential tower is in the pipeline, which will add an additional 400 units to the site upon completion, further enhancing the community’s appeal.

Confidence in the Vision

“Securing this construction financing marks a major milestone in bringing the next phase of Link at Douglas to life,” stated 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.” This sentiment underscores the project’s potential to meet the needs of a diverse population seeking convenient access to urban amenities and public transportation.

A Collaborative Effort

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. These improvements feature 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. This integration of green spaces and public transit is essential for fostering a sustainable urban environment.

Commitment to Smart Development

“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.” This commitment to innovative urban planning is crucial for addressing the challenges of housing and infrastructure in rapidly growing cities.

Expanding Multifamily Footprint

CADENCE also contributes to 13th Floor Investments’ expanding multifamily footprint across South Florida. Since its inception in 2008, the firm has delivered over 3,900 units and recently completed the 420-unit Savio in Delray Beach. Currently, they are 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, responding to the evolving needs of its communities.

Conclusion

The construction of CADENCE marks a significant step forward in the ongoing transformation of the Link at Douglas development. With its strategic location, commitment to workforce housing, and integration of public transit and green spaces, CADENCE is set to become a cornerstone of a vibrant, urban lifestyle in Miami. As the project progresses, it will undoubtedly play a crucial role in meeting the housing demands of a growing population while enhancing the overall quality of life in the area.