13th Floor Investments, together with Barings, has obtained a $134 million construction loan to move forward with Crescendo, the fourth and final residential tower within the Link at Douglas development. The new financing package is being led by Santander Bank, with TD Bank and First Horizon Bank participating in the construction loan.
Crescendo is planned as a 37-story multifamily tower at 3070 SW 37th Avenue, directly adjacent to Miami-Dade County’s Douglas Road Metrorail Station. Positioned at the intersection of US-1 and Douglas Road between Coral Gables and Coconut Grove, the project aims to expand the residential footprint of the broader Link at Douglas master plan. The tower will deliver 392 multifamily units and is currently under construction, with completion targeted for 2029.
The new tower builds on earlier phases of Link at Douglas. The first phase, which delivered in 2023, brought two fully leased residential towers to the site: the 312-unit Core building and the 421-unit Cascade building. Together, these initial towers total 733 apartments and are complemented by more than 30,000 square feet of retail space, which is anchored by Milam’s Market. The successful lease-up of these initial residential components provides the backdrop for continued build-out of the project.
In addition to Crescendo and the first-phase buildings, Link at Douglas includes a third residential tower, Cadence. The Cadence building will add 432 units and is currently under construction, with delivery expected in 2028. This ongoing development activity underscores the project’s multi-phase approach, with overlapping construction timelines as new towers come online.
Upon completion of Crescendo, Link at Douglas is expected to comprise more than 1,500 residential units across its multiple towers. The development’s location adjacent to a Metrorail station and at a major roadway intersection positions it as a transit-served multifamily hub with integrated retail. The newly secured construction loan for Crescendo supports the final step in building out the master-planned community’s residential program.
The construction financing led by Santander Bank, with TD Bank and First Horizon Bank as partners, provides the capital needed to continue vertical construction on Crescendo and maintain momentum across the later phases of Link at Douglas. With core components already delivered and additional towers underway, the latest loan marks a key milestone in advancing the final phase of this large-scale multifamily and retail development.
