13th Floor Investments & Adler Group Break Ground On The Transit Oriented Link at Douglas

13th Floor Investments and Adler Group have broken ground on one of Miami’s most anticipated transit oriented development, Link at Douglas. The development team is beginning site work this month and vertical construction of the development’s first phase is expected to begin this summer (2019). The 7- acre development will redevelop Miami’s Douglas Road Metrorail station and will be comprised of rental units (including workforce housing), retail and office space, and a public plaza. The project will deliver privately-funded infrastructure upgrades at a critical connection point within the County’s transit system and is expected to generate $500 million in new revenue for Miami-Dade County. The development team has also pledged over $17 million in public infrastructure improvements including $1 million for The Underline linear park.

Link at Douglas is set to be built in phases over the next five years and will include 1,500 residential units including a workforce housing component, 25,000 SF of retail space, a 250,000 SF office building, and a public plaza that connects with The Underline, a 10-mile-long linear park running from Downtown Miami through neighborhoods to the south. The development’s first tower, designed by Corwil Architects and comprising 312 apartment units and 6,000 SF of retail in 22-stories, will break ground in July. The development of tower two, a 36-story building designed by Arquitectonica including 421 apartment units and 17,000 SF of retail, will begin in October. Approximately 100 of the 733 units will be designated as workforce housing units.

“As Miami-Dade’s population experiences 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. “Link at Douglas will set a new standard for urban living in this part of Miami-Dade County, improving access to jobs, attainable housing opportunities, everyday amenities, retail and office space for our residents and neighbors.”

“We are thrilled to partner with Miami Dade County in further enhancing the community through this pedestrian and transit-oriented development,” said Michael M. Adler, CEO of Adler Group. “By focusing on design, public spaces and the connection to transit we feel that this project will enrich all of Miami Dade County.”

Link at Douglas marks the second transit-oriented development spearheaded by 13th Floor Investments and Adler Group. Motion at Dadeland, a 294-unit rental community adjacent to the Dadeland North Metrorail station, opened to residents in April 2019.

13th Floor Investments & Adler Group Complete Construction Of The Transit-Oriented Motion at Dadeland Apartments

13th Floor Investments and Adler Group have announced that the firms have completed construction of Motion at Dadeland, a transit-oriented, 294-unit luxury rental community that is adjacent to the Dadeland North Metrorail Station in South Miami, FL. The project is now is welcoming its first residents with the successful receipt of the development’s TCO. Motion at Dadeland was developed in collaboration with Miami-Dade County Transportation & Public Works in an effort to curb’s the city’s congestion issues by motivating people to live and work near transit. The project was also developed in partnership with Barings LLC, one of the world’s largest diversified real estate investment managers, which owns the property on behalf of institutional investors. Civic Construction acted as general contractor and played an instrumental role in executing the project on time and under budget while both TD Bank and Santander Bank provided the construction loan on the project.

“The Downtown Dadeland submarket has become one of Miami’s most appealing areas for residential living,” said Michael M. Adler, CEO of Adler Group. “Motion at Dadeland provides residents the ability to enjoy the Dadeland area in a modern residential community while being directly connected to Brickell and Downtown Miami via the Metrorail.”

Motion at Dadeland was designed by Corwil Architects and rises 25-stories, offering 294 rental apartments and just under 8,000 SF of retail space. The building is a vibrant and modern multifamily community of studio, one-, two-, and three- bedroom apartments located in the heart of Miami at 8400 South Dixie Highway, Miami, Florida. Motion at Dadeland is a class-A multifamily development featuring condo-quality finishes with sweeping views of Biscayne Bay and Downtown Miami. Amenities include a modern lobby, double height amenity level on the sixth floor, fully-equipped fitness center with bay and skyline views, expansive pool deck, poolside cabanas, communal sun loungers, covered seating, media room, party lounge and a co-working center for its residents.

“Motion at Dadeland perfectly embodies what today’s renters are looking for: quality, connectivity and community,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments. “The success of this is project is a testament to what can be achieved through the collaboration of the public and private sectors. We appreciate the confidence that Miami-Dade County Department of Transportation and Public Works has shown in our partnership and in the future of transit-oriented development in Miami-Dade County.”

“Our partnerships with the private sector, transportation stakeholders and local governments have helped us to foster the development of transit-oriented projects, such as Motion at Dadeland,” said DTPW Director Alice N. Bravo, P.E. “Getting more people to live and work around transit is the ultimate solution for congestion because it helps grow ridership and creates more livable communities.”

Mike Zammitti, Head of U.S. Real Estate Private Equity at Barings noted, “Motion at Dadeland is a prime example of executing on our investment strategy - targeting class A development opportunities, in collaboration with best-in-class partners, in live-work-play locations within strong markets that are expected to outperform. Motion at Dadeland is an outstanding development and we look forward to our continued successful relationships with our partners in this endeavor.”