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13th Floor, Barings Land $125M To Build Rental Tower in Miami
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13th Floor, Barings Land $125M To Build Rental Tower in Miami
13th Floor Investments and Barings have secured a $125 million construction loan to build a multifamily tower at the Link at Douglas mixed-use development between Miami’s Coconut Grove and Coral Gables, the joint venture announced. The financing, from a syndicate of Santander Bank and TD Bank, covers Cadence, a 35-story high-rise with 432 apartments, adjacent to the Douglas Road Metrorail station. About 12 percent of units will be set aside as …
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