35-Story Cadence Tower Breaks Ground at Douglas Road Metrorail Station

Key Points

• Cadence, the third tower in the Link at Douglas complex, just broke ground at the Douglas Road Metrorail Station—35 stories, 432 units, including 12.5% workforce housing 

• The development, by 13th Floor Investments and Barings, received a $125 million construction loan from Santander and TD Bank 

• Link at Douglas already has 733 fully leased units, 30,000 ft² retail anchored by Milam’s Market, and $17 million in public infrastructure upgrades 

The momentum continues for the Link at Douglas mixed-use project, one of South Florida’s most significant transit-oriented developments. The latest phase, Cadence, has officially broken ground next to the Douglas Road Metrorail Station.

Transit-Oriented Vision

• Located adjacent to the Douglas Road Metrorail station, Cadence reinforces Miami’s shift toward transit-first urban design 

• The project is part of a broader mixed-use complex spanning nearly 7 acres, merging high-density housing with retail and public amenities 

Project Highlights

• Structure & Units: 35-story tower delivering 432 market-rate apartments, with 12.5% (≈54 units) reserved for workforce housing 

• Affordable Component: Workforce units likely target households earning up to 120% AMI—a critical addition in the transit corridor

• Retail Amenities: The broader complex includes 30,000 ft² of ground-floor retail, led by a Milam’s Market anchor 

• Infrastructure Investment: Over $17 million in private funds upgraded the Metrorail station and added a public plaza tying into The Underline urban park 

Financial Backing & Timeline

• Financing: Cadence secured a $125 million construction loan from a Santander–TD Bank syndicate 

• Construction Timeline: Groundbreaking is underway; completion is anticipated in 2028 after a 33-month build 

Investor & Market Takeaways

Insight	Why it Matters
Transit-Oriented Premium	Properties near public transit are increasingly attractive to millennial and Gen Z renters. Cadence hits that sweet spot.
Workforce Housing Leverage	Allocating 12.5% of units to workforce housing opens opportunities for zoning credits and broader community support.
Integrated Infrastructure	The $17 million investment in transit upgrades and public spaces enhances property value and connects with regional growth strategies.
Retail Synergy	Anchored retail spaces—a Milam's Market—support resident retention and increase donut effects for investors.

Cadence marks a significant step in Miami's evolution toward transit-oriented, mixed-use living environments. With strong financial backing, integrated workforce housing, and robust public-private collaboration, this development offers a compelling blueprint for market-aware investors. It's a high-impact signal: Miami’s future urban growth is moving hand-in-hand with public infrastructure and community affordability.