arts
13th Floor, Barings nab $134M construction loan for last tower in Miami Metrorail stop project
By Lidia Dinkova at The Real Deal
· June 11, 2026
· 1 min read
Developers locked in a $134 million construction loan for the final apartment tower at a mixed-use megaproject that’s been a decade in the making near a Miami Metrorail station. Coconut Grove-based 13th Floor Investments and Charlotte, North Carolina-based Barings have started construction of the 37
Key takeaway 1 and Douglas Road, according to the developers’ news release.
Why this matters in The Miami
The construction loan for the final tower at the Link at Douglas complex brings a decade-long project near completion, transforming the area around the Douglas Road Metrorail Station. As the last piece of this mixed-use megaproject falls into place, Coconut Grove and neighboring Coral Gables can expect increased foot traffic and a more vibrant local economy. The 392-unit Crescendo tower will likely attract new residents to the area, potentially boosting business for local shops and restaurants in Coconut Grove. With its proximity to the Metrorail station, the complex may also encourage more commuters to use public transportation, reducing traffic congestion on U.S. 1. As the project nears completion, it will be worth watching how the increased density affects the character of the Coconut Grove neighborhood and whether the benefits of this development are shared by long-time residents and new arrivals alike.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 11, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Developers locked in a $134 million construction loan for the final apartment tower at a mixed-use megaproject that’s been a decade in the making near a Miami Metrorail station. Coconut Grove-based 13th Floor Investments and Charlotte, North Carolina-based Barings have started construction of the 37
When was this published? This article was first published on June 11, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Lidia Dinkova at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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