MIAMI | Link at Douglas Phase 2 & 3 | 396 + 417 FT | 35 + 37 FLOORS

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Developers Break Ground on Phase Two of Miami’s ‘Link at Douglas’ with $125 Million Construction Loan
https://floridayimby.com/2025/05/develop...-with-125-million-construction-loan.html

Construction has begun on CADENCE, the third residential tower at Link at Douglas, a transit-oriented development located at the intersection of Coral Gables and Coconut Grove in Miami. Designed by Arquitectonica and developed by 13th Floor Investments in partnership with Barings, the 35-story tower will deliver 432 market-rate apartments, with 12.5 percent of the units designated as workforce housing. Completion is anticipated in 2028.

Situated on a 7-acre site adjacent to the Douglas Road Metrorail Station, CADENCE is part of a broader vision to transform the area into a vibrant, mixed-use urban hub. The project is being financed through a $125 million construction loan arranged by a syndicate comprising Santander Bank and TD Bank. Construction is expected to take approximately 33 months.

CADENCE follows the successful completion of Link at Douglas’ first phase in 2023, which includes the 312-unit CORE and 421-unit CASCADE towers, as well as over 30,000 square feet of retail space anchored by a Milam’s Market. A fourth and final residential tower is also planned for the site and will contribute an additional 400 units.