Newsdata · Miami-Dade

13th Floor, Barings nab $134M construction loan for last tower in Miami Metrorail stop project

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-story, 392-unit Crescendo at the Link at Douglas complex that’s near the Douglas Road Metrorail Station, at the intersection of U.S. 1 and Douglas Road, according to the developers’ news release. The Link at Douglas project is in Miami’s Coconut Grove neighborhood and also near Coral Gables. The group of lenders was led by Santander Bank, [...] This article originally appeared on The Real Deal. Click here to read the full story.