13th Floor Secures $134M Loan for Fourth Residential Tower at Link at Douglas

• 13th Floor Investments secured a $134 million construction loan for Crescendo, the fourth and final residential tower at Link at Douglas in Miami.
• The 37-story building will deliver 392 apartments adjacent to the Douglas Road Metrorail station at 3070 Southwest 37th Avenue.
• Santander Bank led the financing, with TD Bank and First Horizon Bank participating in the loan.

What Arnaud Karsenti Is Building at Link at Douglas

13th Floor Investments, led by founder and managing principal Arnaud Karsenti, has secured financing for Crescendo, the final residential tower planned at Link at Douglas. Located at 3070 Southwest 37th Avenue, directly adjacent to Miami-Dade County's Douglas Road Metrorail station, the tower represents the final phase of the seven-acre transit-oriented development. The project is being developed in partnership with Barings, the global investment manager owned by MassMutual. Construction is already underway, with completion expected in 2029.

What the $134 Million Financing Includes

Santander Bank led the $134 million construction loan, with TD Bank and First Horizon Bank joining the lending group. The financing provides the capital necessary to construct the 37-story residential tower, which will deliver 392 multifamily units in one of Miami's most transit-connected locations. The deal marks another significant financing milestone for transit-oriented development projects throughout South Florida.

What the Full Link at Douglas Project Includes

Once completed, Link at Douglas will feature more than 1,500 residential units across four apartment towers. The first two phases, Core and Cascade, have already been completed and leased. A third residential tower is currently under construction, while Crescendo will complete the master-planned community. The development combines housing, retail, public space, and direct access to public transportation, creating one of Miami's largest transit-oriented developments.

What Improvements Were Made to the Transit Hub

As part of the broader development effort, 13th Floor Investments and Barings invested approximately $17 million to improve the Douglas Road Metrorail station and surrounding public infrastructure. The upgrades included station renovations and the creation of a public plaza that connects directly to The Underline, Miami's growing linear park and mobility corridor. The investment highlights the increasing role private developers are playing in enhancing transit infrastructure while delivering new housing.

What This Means for Miami's Transit-Oriented Growth

Crescendo represents another example of Miami's continued push toward higher-density development near public transportation. With nearly 400 additional apartments planned next to a major Metrorail station, the project aligns with broader efforts to concentrate housing near existing infrastructure while reducing reliance on automobiles. As South Florida continues to grow, developments like Link at Douglas are increasingly serving as a model for future transit-oriented communities.