13th Floor Investments and its partner Barings have started construction on Crescendo, the fourth and final residential tower at Link at Douglas, one of Miami’s largest transit-oriented developments. The 37-story tower will add 392 apartments and is expected to be delivered in 2029, completing the 7-acre mixed-use community next to Miami-Dade County’s Douglas Road Metrorail Station.

The tower is being financed through a $134 million construction loan led by Santander Bank, alongside TD Bank and First Horizon Bank. Located at 3070 SW 37th Avenue, Crescendo sits at the intersection of US-1 and Douglas Road, between Coral Gables and Coconut Grove.

The tower will join other major tower projects in Miami such as the 80 storey Cipriani Residences that will boast of being the tallest residential buiilding south of Manhattan.

Completing a 7-acre transit-oriented community

Link at Douglas has been built in phases. The first phase opened in 2023 with two now fully leased towers — the 312-unit Core and the 421-unit Cascade, totalling 733 apartments — along with more than 30,000 square feet of retail anchored by Milam’s Market. A third tower, the 432-unit Cadence, is under construction and due to deliver in 2028. With Crescendo, the community will hold more than 1,500 residential units across four towers.

“Crescendo is far more than the final tower at Link at Douglas,” said Daryl Shevin, Chief Financial Officer of 13th Floor Investments, describing it as the culmination of years of planning and partnership with Miami-Dade County.

A public-private partnership

Developed in collaboration with Miami-Dade County and its Department of Transportation and Public Works, Link at Douglas has converted publicly owned land around the Douglas Road Metrorail Station into a community integrating housing, retail and transit. Under the original agreement, the development team invested more than $17 million in public infrastructure, including a full renovation of the Metrorail station and a public plaza connecting to The Underline linear park.

Barings has backed the project since the first tower broke ground in 2019. Managing Director Chris Cassella called Crescendo the realization of a carefully executed vision in one of Miami’s most connected locations.

Expanding a South Florida transit strategy

The project advances 13th Floor Investments’ wider transit-oriented strategy across South Florida. The firm recently broke ground on Link at Boca, a mixed-use development beside Boca Raton’s Tri-Rail Station with 340 residential units and 24,000 square feet of retail, and plans Link at SoMi, a two-tower, 670-unit community next to the South Miami Metrorail Station. Founded in 2008, the firm has delivered more than 4,700 residential units in South Florida and has over 4,800 more in development or under construction.

Project Factsheet: Crescendo at Link at Douglas

• Project: Crescendo — fourth and final tower at Link at Douglas
• Developer: 13th Floor Investments, in partnership with Barings
• Location: 3070 SW 37th Avenue, Miami, FL — adjacent to the Douglas Road Metrorail Station
• Construction loan: $134 million
• Lenders: Santander Bank (lead), with TD Bank and First Horizon Bank
• Tower height: 37 stories
• Units: 392 multifamily apartments
• Expected delivery: 2029
• Wider community: Link at Douglas — 7 acres, four towers, 1,500+ residential units, 30,000+ sq ft of retail
• Other towers: Core (312 units, 2023), Cascade (421 units, 2023), Cadence (432 units, due 2028)
• Public investment: $17M+ in infrastructure, including Metrorail station renovation and a plaza linking to The Underline
• Public partner: Miami-Dade County Department of Transportation and Public Works