A joint venture between Miami, FL-based real estate developers 13th Floor Investments and Adler Group has completed the first phase of Link at Douglas, a project that is transforming Miami-Dade County’s Douglas Road Metrorail Station into a mixed-use transit hub.
The seven-acre master planned project is part of a public-private partnership with Miami-Dade County aimed at improving connectivity between residential living, commercial development and mass transit.
The project’s first phase encompasses two residential towers with a total of 733 apartment units – the 312-unit CORE and the 421-unit CASCADE buildings – and more than 30,000 square feet of Milam’s Market-anchored retail space. The developers are also completing more than $17 million in public infrastructure improvements, including a fully renovated Metrorail station and the development of a public plaza that connects with a section of The Underline linear park.
The second and final phase will encompass an additional two residential towers with approximately 850 multifamily units.
Deeper Dig
Link at Douglas is a public-private collaboration with Miami-Dade County in which the developers have entered into a ground lease for publicly owned land in exchange for privately funded transit and infrastructure upgrades at a critical connection point within the county’s transit system. Link at Douglas’ mobility plan includes connectivity to Metrorail, county buses and municipal trolleys. According to the developer, Link at Douglas is expected to generate $800 million in new revenue for Miami-Dade County over the life of the lease.
The post 13th Floor Investments, Adler Group Completes First Phase of Link at Douglas in Miami appeared first on Connect CRE.
A joint venture between Miami, FL-based real estate developers 13th Floor Investments and Adler Group has completed the first phase of Link at Douglas, a project that is transforming Miami-Dade County’s Douglas Road Metrorail Station into a mixed-use transit hub. The seven-acre master planned project is part of a public-private partnership with Miami-Dade County aimed …
The post 13th Floor Investments, Adler Group Completes First Phase of Link at Douglas in Miami appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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