13th Floor Investments and Barings Break Ground on Final Phase of Miami's Link at Douglas Transit-Oriented Development with $134 Million Construction Loan
13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas, one of Miami’s largest and most transformative transit-oriented communities. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank.
13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas, one of Miami’s largest and most transformative transit-oriented communities. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank. Located at 3070 SW 37th Avenue adjacent to Miami-Dade County's Douglas Road Metrorail Station, Crescendo will include 392 multifamily units and complete the 7-acre Link at Douglas mixed-use community, strategically positioned at the intersection of US-1 and Douglas Road between Coral Gables and Coconut Grove. Now under construction, the 37-story tower is expected to deliver in 2029.
Link at Douglas' first phase, which delivered in 2023, introduced two fully leased residential towers totaling 733 apartments, the 312-unit Core and 421-unit Cascade buildings, along with more than 30,000 square feet of retail space anchored by Milam's Market. The project's third residential tower, the 432-unit Cadence building, is currently under construction and expected to deliver in 2028. With the addition of Crescendo, Link at Douglas will encompass more than 1,500 residential units across four towers, fully realizing a long-term vision for a dynamic mixed-use community integrated with one of Miami-Dade County's most important transit hubs.
"Crescendo is far more than the final tower at Link at Douglas," said Daryl Shevin, Chief Financial Officer of 13th Floor Investments. "It represents the culmination of years of planning, investment, and partnership with Miami-Dade County to create a community that brings housing, retail, and transit together in one of Miami's most connected locations."
Developed in collaboration with Miami-Dade County and its Department of Transportation and Public Works, Link at Douglas has transformed publicly owned land surrounding the Douglas Road Metrorail Station into a mixed-use community that integrates housing, retail, and transit. As part of the original agreement, the development team invested more than $17 million in public infrastructure improvements, including a complete renovation of the Metrorail station and the creation of a public plaza connecting directly to The Underline linear park.
Barings has partnered with 13th Floor Investments on the development since breaking ground on Link at Douglas’ first residential tower in 2019 and has remained a key capital partner throughout the community's multi-phase evolution.
“We're proud to continue our partnership with 13th Floor Investments at Link at Douglas as the project enters its final phase,” said Chris Cassella, Managing Director at Barings. “Crescendo is the realization of a thoughtfully executed vision in one of Miami's most connected locations, and we're pleased to help bring the final piece of the community to life.”
The completion of Link at Douglas further advances 13th Floor Investments' transit-oriented development strategy across South Florida. The firm recently broke ground on Link at Boca, a mixed-use development adjacent to Boca Raton's Tri-Rail Station that will deliver 340 residential units and 24,000 square feet of retail space. The firm also plans to develop Link at SoMi, a two tower 670-unit multifamily community adjacent to the South Miami Metrorail Station that emphasizes walkable design and urban living near major employment and education hubs.
Since its founding in 2008, 13th Floor Investments has delivered more than 4,700 residential units across South Florida and currently has more than 4,800 units in development or under construction. Today, the firm is focused on the development of luxury residential and mixed-use multifamily communities, growing its industrial portfolio, and expanding its single-family homebuilding business, 13th Floor Homes.
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13th Floor Investments and Key International Launch Sales at 619 Brickell by Nobu · Foster + Partners With $1 Billion In Reservations
13th Floor Investments and Key International have officially launched sales for 619 Brickell by Nobu · Foster + Partners, marking Nobu's first-ever residential project in Miami. The development introduces a new paradigm of branded living centered on expert-led longevity, biohacking, and world-class hospitality.
13th Floor Investments and Key International have officially launched sales for 619 Brickell by Nobu · Foster + Partners, marking Nobu's first-ever residential project in Miami. The development introduces a new paradigm of branded living centered on expert-led longevity, biohacking, and world-class hospitality. With sales led by Key International and ONE Sotheby's International Realty, the building is expected to commence construction within the next 12 months. Approximately $1 billion in homes have already been reserved.
Designed by the globally renowned Foster + Partners, in collaboration with Sieger Suarez, the 75-story tower will rise as a new landmark on the Brickell skyline. Comprising 296 residences, the tower’s exterior is defined by five twisting cassettes, carefully oriented to maximize water views from every home. Residences range from one- to five-bedrooms, including Sky Villas and Penthouses, with square footage spanning 1,160 SF to 5,526 SF. Pricing ranges from $3 million to over $60 million.
Located directly along the waterfront in the heart of Brickell, the property offers a rare combination of walkability and uninterrupted bayfront living, an increasingly uncommon offering among Miami’s branded residential developments. Residents at 619 Brickell will be moments from Miami’s best cultural, arts, shopping and culinary scenes.
“619 Brickell will rise as an iconic new addition to the Brickell skyline, one of the most dynamic skylines in Florida. The unique combination of Foster + Nobu makes it one of the most special projects ever launched in the Brickell market and is the perfect combination of luxury design and a fun, healthy, and active lifestyle,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments, and Iñigo Ardid, President of Key International.
“619 Brickell represents the next frontier of luxury branded residential living in Miami, where exceptional design, wellness, hospitality, and lifestyle come together in a truly meaningful way,” said Liliana Paez, CEO of Key International Sales, and Daniel de la Vega, President & CEO of ONE Sotheby’s International Realty. “The extraordinary volume of early reservations is a testament to the global demand for a project of this caliber.”
The project will offer the most innovative and tech-forward longevity amenities on the market, including a dedicated focus on biohacking and wellness for residents, backed by a $25 million investment from the development team. The offering, Wellness and Longevity by Nobu, sets a new benchmark for wellness programming among residential projects. Residents will have access to advanced biohacking modalities, curated in collaboration with a leading expert in longevity and performance wellness, including cryotherapy chambers, an e-salt cabin, a neural rest therapy pod, hyperbaric oxygen therapy suites, IV and peptide therapy, ozone therapy, and dedicated physical therapy facilities, positioning 619 Brickell at the forefront of the rapidly growing biohacking-at-home movement. Beyond the expansive wellness offering, the building will feature a state-of-the-art fitness studio boasting panoramic views of Biscayne Bay.
More than 90,000 square feet of indoor and outdoor amenities are integrated throughout the 619 Brickell, designed to foster connection and movement and elevate daily life that reflects both Miami and the Nobu brand. Residents will enjoy five distinct pools — an 86-foot sunset pool, hot and cold plunge pools, a rejuvenation salt pool, and a lap pool with an outdoor spa garden — along with padel courts, game rooms, sports simulators, gardens, and more.
Nobu Hospitality will oversee all dining experiences, including a full-scale Nobu restaurant at the base of the property open to the public with exclusive resident access, a resident-only poolside Nobu cafe on the 11th floor, in-residence dining and private chef services.
"619 Brickell brings the Nobu lifestyle to Miami in a way that feels natural to the city and true to our brand,” said Trevor Horwell, Chief Executive Officer of Nobu Hospitality. “Together with Foster + Partners, 13th Floor Investments, and Key International, we are creating a residential sanctuary shaped by thoughtful design, Nobu dining, and service from the heart. It’s a place where wellbeing, privacy, and a sense of belonging come together in everyday life.”
Residential interiors at 619 Brickell are designed to embody the light, air, water and sky with cinematic views of the expansive waterfront framed by 10-foot-high ceilings and floor-to-ceiling windows. Miami’s indoor-outdoor lifestyle is enhanced by large wraparound terraces for relaxing or entertaining with private outdoor summer kitchens in select residences. The elegant interiors are anchored by natural materials, recalling the serenity of both Japanese design and South Florida relaxation – all outfitted with the highest level of finishes, such as Gaggenau kitchen appliances, fine Italian cabinetry, and fully-automated Lutron lighting systems.
“Capturing the energetic spirit of Brickell, our scheme is stitched into the surrounding fabric of the local community,” said Patrick Campbell, Head of Studio at Foster + Partners. “The tower’s twisting form responds to its waterfront location, maximizing natural light within the apartments and generating panoramic views of the ocean, Biscayne Bay, and Brickell Key.”
Renderings via BINYAN Studios / ARX Creative
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13th Floor Investments and Key International Reveal Nobu Residences at 619 Brickell
Developers 13th Floor Investments, in partnership with Key International, have revealed Nobu Residences at 619 Brickell, Miami’s newest luxury residential development and the pioneer of a new class of branded residential offerings centered on longevity, biohacking, and hospitality. The project represented Miami's first branded Nobu Residences.
Developers 13th Floor Investments, in partnership with Key International, have revealed Nobu Residences at 619 Brickell, Miami’s newest luxury residential development and the pioneer of a new class of branded residential offerings centered on longevity, biohacking, and hospitality. The project represented Miami's first branded Nobu Residences.
Designed by world renowned architectural firm Foster + Partners, 619 Brickell is a true collaboration of industry visionaries with food and beverage services by Nobu Hospitality, including a private, residents-only Nobu restaurant on the 11th floor, as well as private chef services and access to a residents-only private dining room in the new ground-floor Nobu restaurant. The project is developed by 13th Floor Investments in partnership with Key International, who are also leading sales with residences priced from $3 million and reach up to $60 million.
619 Brickell introduces a forward-thinking approach to residential living, redefining what it means to “live well." The developers have invested $25 million in longevity-focused and biohacking amenities, setting a new benchmark for the category. Beyond traditional wellness offerings, the Nobu Wellness & Longevity Spa will feature cryotherapy chambers, hyperbaric oxygen suites, an IV and peptide therapy lounge, physical therapy suites, ozone therapy, and more.
Beyond wellness, Nobu Hospitality will oversee all dining experiences, including a full-scale Nobu restaurant with exclusive resident access, a private dining room, a resident-only Nobu café and bar with bay views, as well as in-residence dining and private chef services.
Complementing the wellness component, more than 90,000 square feet of indoor and outdoor amenities create a cohesive lifestyle experience that reflects both Miami and the Nobu brand. Highlights include four distinct pools — an 86-foot sunset pool, hot and cold plunge pools, a rejuvenation salt pool, and a lap pool with an outdoor spa garden — along with padel courts, game rooms, sports simulators, and more.
The 75-story, 296-unit tower will rise along the Biscayne Bay in a premier, highly walkable location—an uncommon offering among nearby branded residences. The design features five twisting cassettes, carefully oriented to maximize water views from every residence. Each home is conceived as a private sanctuary in the sky, featuring floor-to-ceiling windows, expansive wraparound terraces that blend indoor and outdoor living, and elegant interiors. Residences will range from one- to four-bedrooms, as well as sky villas and penthouses.
Renderings via ARX Creative
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13th Floor Investments and Rockpoint Lock Down $100 Million in Construction Financing For Link at Boca Transit-Oriented Multifamily in Boca Raton
A joint venture between South Florida-based developer 13th Floor Investments and Boston-based Rockpoint has secured $100 million in construction financing from Santander Bank to develop Link at Boca, an eight-story transit-oriented multifamily community adjacent to the Boca Raton Tri Rail Station.
A joint venture between South Florida-based developer 13th Floor Investments and Boston-based Rockpoint has secured $100 million in construction financing from Santander Bank to develop Link at Boca, an eight-story transit-oriented multifamily community adjacent to the Boca Raton Tri Rail Station. As part of a public-private partnership with the South Florida Regional Transportation Authority (SFRTA), the mixed-use development will deliver 340 market-rate and workforce apartments and 24,000 square feet of lifestyle-focused retail space.
Located at 680 West Yamato Road, adjacent to the Boca Raton Tri-Rail Station, the eight-story transit-oriented development will feature a mix of 340 apartments along with approximately 24,000 square feet of lifestyle-focused retail space on the ground floor serving residents, transit-riders, and the surrounding Boca Raton community.
With groundbreaking scheduled to take place in February, the development is designed to create a walkable station district that strengthens connectivity and daily access to transit.
“Partnering with Rockpoint and securing this financing marks an important milestone for Link at Boca and reflects confidence in both the project and the long-term fundamentals of transit-oriented development in Boca Raton,” said Daryl Shevin, Chief Financial Officer, Principal of 13th Floor Investments. “Through this well-capitalized joint venture, we’re looking forward to breaking ground and delivering a thoughtfully designed, mixed-use community that enhances connectivity and everyday life around the Tri-Rail station.”
Link at Boca marks 13th Floor Investments’ third Link branded transit-oriented development, following the continued expansion of Link at Douglas in Miami and the planned Link at SoMi near the South Miami Metrorail Station. The project builds on the firm’s growing pipeline of mixed-use and transit-connected communities across South Florida.
“Link at Boca is an opportunity for Rockpoint to expand on its strong existing presence in South Florida, and we’re excited to partner with 13th Floor Investments to develop the property,” said Dan Domb, a Managing Member and COO at Rockpoint. “Boca Raton stands out as a highly attractive, economically resilient submarket within the greater Palm Beach market and the team at 13th Floor Investments shares our conviction in the market’s solid multifamily fundamentals given durable demand and supply constraints.”
The community will include a mix of studio, one-, two-, and three-bedroom apartments ranging from approximately 600 to 1,300 square feet, featuring custom cabinetry, quartz countertops and backsplashes, luxury vinyl tile flooring, floor-to-ceiling windows, in-unit washers and dryers, and expansive balconies. Amenities will include a resort-style pool deck, a social lounge and bar, coworking spaces and private offices, a yoga studio, kids’ room, golf and virtual reality simulation room, sauna, and outdoor game area. The project will also include a 650-space parking garage for residents, retail visitors, and Tri-Rail users, enhancing overall connectivity.
Comras Company is leading retail leasing for the development, which is designed to serve residents, transit riders and the wider community with a curated mix including innovative food and beverage concepts, from fast-casual to sit-down dining, as well as wellness and lifestyle-oriented offerings. Available spaces range from approximately 1,300 to 6,000 square feet, with opportunities for outdoor seating that seamlessly integrates with the surrounding plaza and promenade. The pedestrian-friendly design features wide sidewalks, bike paths, tree-lined canopies, landscaped courtyards, and water fountains reminiscent of Mizner Park all woven into a lush, walkable environment that encourages community gathering and vibrant street-level activation.
Located off Yamato Road and adjacent to I-95 and the El Rio Trail, a major recreational amenity and exercise corridor, Link at Boca is situated in the heart of Boca Raton. The project is just minutes from the Boca Raton Innovation Center (BRIC), Boca Raton Public Library, nearby preserves, fitness options, retail centers, and is conveniently north of Florida Atlantic University and Boca Raton Airport. This prime location underscores Link at Boca as one of the most connected and amenity-rich residential and retail hubs in the region.
Rockpoint, along with its predecessor firm, has a longstanding history of investing in the residential sector and has closed on or committed to 140 residential investments since 1995, comprising more than 97,000 multifamily units. The Link at Boca is representative of Rockpoint’s commitment to providing best-in-class products.
Since its founding in 2008, 13th Floor Investments has completed more than 4,700 residential units across South Florida, with a robust pipeline of over 7,100 units in development and under construction slated to be delivered over the next few years. Today, the firm is focused on the development of luxury condominium and mixed-use multifamily developments, growing the firm’s industrial portfolio, and expanding its single-family homebuilding business, 13th Floor Homes.
With extensive experience in the development of transit-oriented developments across South Florida, Link at Boca marks 13th Floor’s third Link branded transit-oriented development. The firm recently broke ground on Phase Two of Link at Douglas, advancing the next stage of the 7-acre mixed-use community connected to Miami-Dade’s Douglas Road Metrorail Station, which will introduce additional residential units, neighborhood retail, and enhanced public spaces that build on the success of the project’s completed first phase. The firm also has plans to develop Link at SoMi, a multifamily community adjacent to the South Miami Metrorail Station that emphasizes walkable design and urban living near major employment and education hubs.
Renderings via 13th Floor Investments
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13th Floor Investments to Break Ground on Link at Boca, a New Transit-Oriented Development in Boca Raton
South Florida’s push toward transit-oriented living continues as 13th Floor Investments has announced plans for Link at Boca, a mixed-use development set to rise adjacent to the Boca Raton Tri-Rail Station. The project, a public-private partnership with the South Florida Regional Transportation Authority.
South Florida’s push toward transit-oriented living continues as 13th Floor Investments has announced plans for Link at Boca, a mixed-use development set to rise adjacent to the Boca Raton Tri-Rail Station. The project, a public-private partnership with the South Florida Regional Transportation Authority (SFRTA), is scheduled to break ground this summer, delivering a new residential and retail hub designed to enhance connectivity and urban living in one of the region's fastest-growing cities.
The eight-story development will introduce 340 residential units, with a mix of studio, one-, two-, and three-bedroom floorplans ranging from 600 to 1,300 square feet. The residences will feature high-end finishes such as quartz countertops, custom cabinetry, floor-to-ceiling windows, and expansive balconies. Residents will have access to an extensive suite of amenities, including a resort-style pool deck, coworking spaces, wellness facilities, a virtual golf simulator, and outdoor recreation areas. A 650-space parking garage will support both residents and transit users, enhancing the project's role as a mobility hub.
Beyond residential offerings, Link at Boca will incorporate over 24,000 square feet of street-level retail space aimed at serving both the local community and Tri-Rail commuters. The pedestrian-friendly design will feature wide sidewalks, bike paths, landscaped courtyards, and water features reminiscent of Mizner Park. Retail leasing, led by Comras Company, is underway with plans to attract food and beverage, wellness, and lifestyle brands that complement the development’s urban vision.
“This project reimagines the Boca Tri-Rail Station as more than just a transit point—it becomes a vibrant neighborhood where people can live, shop, and connect,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments. “We’re creating a new standard for transit-oriented development in South Florida.”
Link at Boca is part of 13th Floor’s broader strategy to expand its Link-branded developments near major transit nodes. The firm recently completed Link at Douglas in Miami and has plans for Link at SoMi near the South Miami Metrorail Station. Since its inception in 2008, 13th Floor has delivered nearly 4,000 residential units across South Florida, with over 4,800 additional units in the pipeline as the firm continues to expand its residential, mixed-use, and industrial portfolio.
Strategically located off Yamato Road, adjacent to I-95 and near the El Rio Trail, the project offers seamless access to the Boca Raton Innovation Center, Florida Atlantic University, Boca Raton Airport, and various recreational and retail destinations, positioning Link at Boca as a new cornerstone of connectivity and convenience in the city.
Images via 13th Floor Investments
13th Floor Homes Delivers Solera at Avalon Trails Active-Adult Community in Delray Beach
As demand for premium rental housing among the active-adult community grows in South Florida, 13th Floor Homes, the homebuilding division of 13th Floor Investments, has completed its newest build-for-rent community in Delray Beach, Florida.
As demand for premium rental housing among the active-adult community grows in South Florida, 13th Floor Homes, the homebuilding division of 13th Floor Investments, has completed its newest build-for-rent community in Delray Beach, Florida. Now welcoming residents and already more than 50% leased, Solera at Avalon Trails includes 74 single-story villas located at 14800 Cumberland Drive in the West Delray Beach area of Palm Beach County.
Located within the Avalon Trails active-adult community, Solera at Avalon Trails offers an unparalleled lifestyle for adults aged 55+ seeking luxury rental housing in an amenity-focused, gated community. Homes include two- and three-bedroom floorplans measuring between 1,300 to 1,450 square feet in size, with high-end contemporary features and finishes like quartz countertops, shaker-style wood cabinetry, energy efficient stainless-steel appliances, spacious primary suites, and impact-resistant windows and doors. Monthly rental rates range from $3,400 to $4,000.
“The completion of Solera at Avalon Trails is a significant step in meeting the growing demand for high-quality 55-plus housing in South Florida,” said Mike Nunziata, Division President of 13th Floor Homes. “Today’s active adults are living longer and seeking maintenance-free, resort-style living, and Solera delivers just that. With luxurious homes and a wide range of amenities, this community offers active adults a vibrant, carefree lifestyle. We're excited to provide a solution that aligns with the needs of the region’s expanding active-adult population.”
Solera at Avalon Trails offers an extensive amenity program designed for active adults to live a more sociable and engaging lifestyle. Residents can enjoy the community’s state-of-the art amenity campus inclusive of a clubhouse with a fitness center, card rooms, café, arts and crafts room, and theater. The amenity campus includes a a resort-style pool, lap pool, pickleball and tennis courts. The community’s activities coordinator curates a weekly schedule full of activites for all interests.
The opening of Solera at Avalon Trails comes at a time when demand for active-adult rental housing is on the rise in South Florida. Delray Beach, known for its appealing coastal lifestyle, was recently named one of the top 10 places to retire in Florida by Southern Living.
Located in South Florida’s Palm Beach County, Solera at Avalon Trail’s prime location is a distinguishing feature that sets the neighborhood apart from the other 55+ communities and speaks to 13th Floor’s keen understanding of the active-adult market. Located moments away from Downtown Delray Beach and the South Florida coastline, the community is proximate to a variety of nearby arts, culture, and entertainment destinations, and is conveniently situated between Fort Lauderdale and West Palm Beach.
Solera at Avalon Trails is among 13th Floor Homes' newest communities in South Florida. With over 1,100 homes and 3,500 homesites developed across the region in the last decade, the firm’s portfolio of active developments includes two build-for-rent communities in Port Saint Lucie – the 220-unit Villas of Torino and the 126-unit Tredici at Central Park; and Marina Landings, 34 luxury single-family homes for sale in Fort Lauderdale. The firm also has plans to develop The Reserve at the Woodlands, a 335-home community in Tamarac.
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FIRST ON PROFILE: Casa Cipriani Miami Revealed on Miami Beach Featuring Private Members Club, Hotel and Private Residences
Following its overwhelming success in New York City and Milan, Casa Cipriani, the latest private club experience founded by the four-generation international hospitality family, is expanding its vision to Miami Beach. Casa Cipriani Miami will be developed by Miami-based 13th Floor Investments and New York- based Midtown Equities.
Following its overwhelming success in New York City and Milan, Casa Cipriani, the latest private club experience founded by the four-generation international hospitality family, is expanding its vision to Miami Beach. Casa Cipriani Miami, developed by Miami-based 13th Floor Investments and New York- based Midtown Equities, will include a 40-key all-suites hotel, a private members club, and 23 ultra-luxury residences situated directly on the oceanfront at 3611 Collins Avenue.
Designed by New York-based architect Brandon Haw, the 17-story Casa Cipriani Miami tower will embody timeless elegance and luxury, featuring a signature restaurant and club lounge, a Cipriani Spa, and unobstructed views of the Atlantic Ocean, providing an authentic lifestyle experience that exemplifies the Cipriani brand’s commitment to excellence. Partly inspired by Casa Cipriani New York, Casa Cipriani Miami will elevate the brand's legacy with exclusive residences in addition to the private club and hotel experience. The development will boast curated culinary offerings and refined amenities, making it a landmark destination for Miami. Sales for the residences are expected to launch later this year, followed by an official groundbreaking.
“We are incredibly excited to partner with the Cipriani Family to bring the world-class hospitality brand to Miami Beach, marking its expansion beyond New York City and Milan,” said Joe Cayre of Midtown Equities and Arnaud Karsenti of 13th Floor Investments.
Casa Cipriani Miami’s architectural design will evoke the splendor of the grand 1930s-era Art Deco hotels found along Collins Avenue through a modern interpretation creating a new landmark for Miami Beach. The building will reflect the timeless style of Cipriani, tracing back to the original Harry's Bar established by Giuseppe Cipriani in Venice in 1931.
"Building on the humbling success of our first Casa Cipriani in New York, followed by Milan, we’re excited to partner with 13th Floor Investments to bring our latest hospitality concept to Miami Beach. Miami is an international beloved destination where we already have several projects, and it has become a vibrant center for arts, design, entertainment, and business. We look forward to welcoming a local and international community who appreciates a home to relax in, with great service and privacy in splendid surroundings.”
Since its founding in 2008, 13th Floor Investments has completed nearly 4,000 residential units across South Florida, with a robust pipeline of more than 4,800 units in development and under construction slated to be delivered over the next few years. Today, the firm is focused on the development of luxury residential, mixed-use multifamily, and transit-oriented developments, growing the firm’s industrial portfolio, and expanding its single-family homebuilding business, 13th Floor Homes.
Midtown Equities partnered with Cipriani to develop the first Casa Cipriani in the U.S. in New York City at the Battery Maritime Building in Lower Manhattan. The firm is a privately-held real estate investment and development company that serves as the investment platform for the Cayre Family. Headquartered in New York City, the firm maintains an exceptional portfolio of over 100 properties that encompass more than 14 million square feet in the retail, office, residential, industrial, and hospitality sectors. The firm actively acquires, develops, leases, and manages properties ranging from urban redevelopment projects to commercial centers in New York, Washington, D.C., Miami, Chicago, and Los Angeles as well as abroad.
Images via 13th Floor Investments, Midtown Equities
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13th Floor and Adler Group Complete Phase 1 of Miami's Link at Douglas Transit-Oriented Development Where Coral Gables Meets Coconut Grove
A JV between Miami-based real estate developers 13th Floor Investments and Adler Group has completed the first phase of Link at Douglas, a 7-acre master planned development that has transformed Miami-Dade County’s Douglas Road Metrorail Station into a mixed-use transit hub at the confluence of Miami’s Coral Gables and Coconut Grove neighborhoods. Now complete and open to the public, the project’s first phase encompasses two residential towers with a total of 733 apartment units.
A joint venture between Miami-based real estate developers 13th Floor Investments and Adler Group has completed the first phase of Link at Douglas, a 7-acre master planned development that has transformed Miami-Dade County’s Douglas Road Metrorail Station into a mixed-use transit hub at the confluence of Miami’s Coral Gables and Coconut Grove neighborhoods. Now complete and open to the public, the project’s first phase encompasses two residential towers with a total of 733 apartment units – the 312-unit CORE and the 421-unit CASCADE buildings – and more than 30,000 square feet of Milam’s Market-anchored retail space. The developers are also completing more than $17 million in public infrastructure improvements, including a fully renovated Metrorail station, and the development of a public plaza that connects with a section of The Underline linear park.
13th Floor Investments is now moving forward with plans for Link at Douglas’ second and final phase, which will encompass an additional two residential towers with approximately 850 multifamily units. Construction of Phase Two is estimated to get underway in late 2023.
Link at Douglas is the latest example of a successful public-private collaboration with Miami-Dade County in which the developers have entered into a ground lease for publicly-owned land in exchange for privately-funded transit and infrastructure upgrades at a critical connection point within the County’s transit system. Link at Douglas’ mobility plan includes connectivity to Metrorail, County buses and municipal trolleys. All told, Link at Douglas is expected to generate $800 million in new revenue for Miami-Dade County over the life of the lease.
“As Miami-Dade County’s population continues to experience rapid growth, we need to come up with forward thinking ways to reduce road congestion and that begins with connecting people with alternative forms of transit,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments. “We’re extremely proud of our partnership with the County with Link at Douglas, which is setting a new standard for urban living in Miami, improving access to jobs, attainable housing opportunities, everyday amenities, and lifestyle-oriented retail for our residents and neighbors.”
The completion of Link at Douglas’ first phase was commemorated at a celebratory event on Monday, February 27, 2023. The ceremony was led by Miami-Dade County Mayor Daniella Cava, Director of Public Works Eulois Cleckley, Commissioner Raquel Regalado, and principals from the project’s development team.
“Link at Douglas is a model for the future of development and mobility in Miami-Dade County. The project will enable more residents to live, work and play without having to worry about traffic or parking, while helping to offset expenses, reduce emissions and promote increased ridership on our Metrorail system,” said Eulois Cleckley, Director and CEO of the Department of Transportation and Public Works for Miami-Dade County.
Pre-Leasing Launches For Cascade Luxury Rentals At Link At Douglas
The demand for upscale living near accessible transportation hubs in Miami is stronger than ever as connectivity and location are highly desired attributes. Cascade – the second multifamily tower to be delivered within the seven-acre Link at Douglas masterplan development – is redefining luxury living with this notion. Set adjacent to the Douglas Road Metrorail Station, The Underline linear park, and the city’s main thoroughfare of US-1, the transit-oriented property has officially commenced pre-leasing.
The demand for upscale living near accessible transportation hubs in Miami is stronger than ever as connectivity and location are highly desired attributes. Cascade – the second multifamily tower to be delivered within the seven-acre Link at Douglas masterplan development – is redefining luxury living with this notion. Set adjacent to the Douglas Road Metrorail Station, The Underline linear park, and the city’s main thoroughfare of US-1, the transit-oriented property has officially commenced pre-leasing for its 421 modern apartment homes and will soon welcome residents.
Set at 3050 SW 37th Ave Miami, Cascade is developed as a joint venture between Miami-based real estate developers 13th Floor Investments and Adler Development, in partnership with global investment manager Barings. The 37-story tower is a community-focused centerpiece at the confluence of the city’s coveted neighborhoods – Coconut Grove and Coral Gables – and introduces an all-encompassing lifestyle that unites unmatched amenities, sophisticated living, and dynamic retail. This includes the highly anticipated Milam’s Market on the ground floor, which is set to open in late 2022.
Cascade caters to a variety of lifestyles, from family and young professionals to students and sophisticated dwellers. Residences are thoughtfully designed to work with the rhythm of each day, balancing a lifestyle of 24/7 connectivity with time to unplug, unwind and indulge.
Apartment homes start from $2,600 per month and range from one- to three-bedroom floorplans, encompassing 582 to 1,576 square feet. They are complete with stone-wrapped kitchen islands, floor-to-ceiling windows, and in-unit washer and dryers. Superior features and finishes include tall matte lacquer soft close cabinets, full tile backsplash, modern ENERGY STAR® appliances, porcelain tiled showers, front-lit vanity mirrors, and wood-look flooring. Inboard private balconies are available in select residences. With leasing and property management by Bozzuto, meticulous attention will remain a cornerstone of the project’s DNA, conveying warm hospitality and a strong sense of community
“We are thrilled to launch the leasing program for Cascade and soon unveil this new addition to the Miami skyline,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments. “Our vision for this property, and the entire Link at Douglas community, was to meet the growing needs of today’s contemporary renter who is seeking modern living options linking them to the heart of their city. We have curated a lifestyle that is elevated in every sense, from refined design, thoughtful amenities and ultimate connectivity, to the building’s physical footprint as an eye-catching emergence visible along the US-1 corridor.”
The property’s exquisite details and views — spanning the surrounding lush treetops to the waters of Biscayne Bay — are further elevated by a cascade of amenities that await. From socialites to those who simply desire to bask in South Florida’s sunshine, the 10th-floor amenity deck is a sophisticated oasis for all. At its core is a resort-style pool with luxury lounge seating, cabanas, and a poolside bar. Date nights and family gatherings level up with an outdoor movie screen and a game room complete with billiards, shuffleboard and card tables. Fitness fans can also head to the basketball half-court or yoga studio. Cue grilling stations for gatherings, with outdoor dining or an indoors social lounge complete with comfortable seating, modern kitchen, media room, and a kids’ playroom catering to Cascade’s youngest residents. Plus, pet owners can ensure their four-legged friends feel as much at home as they do with an onsite dog run and wash.
Designed by Arquitectonica, Cascade’s glass-wrapped tower celebrates elements that unite comfort and style with sophistication and a tropical twist. With interiors by Design Agency, the property features teak wood and textured wall designs in contrast with matte black accents, creating effortless elegance without exclusivity. Earth tones can be found throughout, from relaxed greenery and natural wood details in the lobby lounge to a lush garden display outlining the expansive amenity deck, offering serenity in each space.
Cascade’s transit-oriented appeal – direct access to the Metrorail system, bus lines, and Coral Gables’ Trolley – creates a seamless link to popular communities, including Brickell, Downtown Miami and the Health District, and makes car-free living an easy choice for residents. It is just minutes from Miami’s most in-demand shopping, dining and entertainment destinations, from Downtown Coral Gables to Shops at Merrick Park to South Miami and vibrant Coconut Grove, and the University of Miami’s main campus is a quick walk or bike ride away.
In its full vision, the overall Link at Douglas master plan will encompass approximately 1,600 residential units, over 32,000 square feet of retail space, and a public plaza that connects with The Underline. Last year, the development team delivered Cascade’s sister property, CORE, a 22-story multifamily tower encompassing 312 apartment residences and 6,000 feet of ground-floor retail.
Tricera Capital And 13th Floor Investments Secure Lease With Echelon Fitness to Anchor The Boulevard's Retail Component
Tricera Capital, leading the retail efforts at The Boulevard, finalized a lease with a high-profile on-demand exercise firm to anchor the ground-floor retail component. The Boulevard, a 294-unit luxury apartment building, is being developed by 13th Floor Investments in partnership with both Wexford Capital and Tricera.
Tricera Capital, leading the retail efforts at The Boulevard, finalized a lease with a high-profile on-demand exercise firm to anchor the ground-floor retail component. The Boulevard, a 294-unit luxury apartment building, is being developed by 13th Floor Investments in partnership with both Wexford Capital and Tricera.
Tennessee-based Echelon Fitness is relocating its national headquarters to The Boulevard and will offer spinning classes, contemporary workout apparel & accessories in an upscale retail shop, as well as shoot live videos and offer in-person training at the 5700 Biscayne Blvd. location.
Tricera also completed a lease with the popular Crema Gourmet Espresso Bar, which will open a new location at The Boulevard.
Echelon is set to occupy 10,035 square feet at The Boulevard, which will have a total of approximately 27,000 square feet of retail. The 2.2-acre development site is located at 5700 Biscayne Boulevard – just 1.5 miles north of Miami’s Design District.
Known for “redefining home fitness,” Echelon offers a variety of home-based fitness options including connect bikes, rowers, reflects and the echelon stride.
The company plans to utilize the Miami location to offer in person training, spinning classes and will also have a studio component where they record live classes that will then be used for each digitally integrated product. Echelon will be bringing a much-needed luxury fitness experience to the area. It will also operate a retail store and corporate office out of the location.
“We are thrilled at the opportunity to bring an elite tenant such as Echelon to The Boulevard,” Tricera Capital Co-Founder and Managing Principal Ben Mandell said. “Echelon is truly disrupting the home fitness industry, they will fit in well with the pioneering technology firms that are increasingly moving to Miami. The in-person training component will be a major hit with The Boulevard residents and nearby residents and professionals.”
Crema Gourmet Espresso Bar is a local favorite that has locations in Coral Gables, Davie, Downtown Doral, Brickell, Downtown Miami and Miami Beach. At The Boulevard, Crema Gourmet will occupy 2,400 square feet on the ground floor and serve food and smoothies on the building’s rooftop.
Mandell and Jennifer Houston, Tricera’s Executive Vice President – Head of Retail Leasing, oversee retail leasing at The Boulevard. The duo is finalizing leases with a fast-casual poke concept from Pinecrest, upscale salon and luxury clothing boutique.
The partnership expects to complete The Boulevard and commence resident move-ins during the first quarter of 2022.
“This is a very exciting time to be in Miami and work on a project like The Boulevard,” Houston said. “We look forward to elevating the MiMo District with compelling new restaurants and high-end boutiques, creating an unparalleled experience for the project’s tenants and visitors.”
Tricera’s retail experience in the South Florida market is instrumental in making The Boulevard a retail destination for the local community and future residents. The burgeoning MiMo/Biscayne Corridor continues to grow as a top destination for affluent families and new retail concepts.
Remaining available inventory for lease includes flagship space at the intersection of Northeast 58th Street and Biscayne Boulevard – one of the most desirable food-and-beverage spaces left in Miami.
13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas, one of Miami’s largest and most transformative transit-oriented communities. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank.