312-Unit Apartment Building Just Opened Next To A Metrorail Station & Is Already 50% Leased

A 312-unit, transit-oriented apartment tower just opened right next to a Metrorail station, and over 50% of units are already leased.

CORE is the newly completed 22-story tower that is part of a much larger complex under construction known as Link at Douglas. The tower is now open and residents have started to move in.

The high level of demand for units in the newly opened tower “has surpassed our expectations,” said Jonathan Raiffe, Chief Operating Officer of developer Adler Group.

Rental rates are currently starting at $1,690 for studios, $2,090 for one-bedrooms and $2,790 for two-bedrooms.

Link at Douglas is being developed by a joint venture between 13th Floor Investments and Adler Group, in partnership with global investment manager Barings.

The next tower to open at Link at Douglas is CASCADE, a 36-story rental apartment building under construction and set to deliver in mid-2022, which will feature a 25,000-square-foot Milam’s Market on the ground-floor level.

Eventually, Link at Douglas will include approximately 1,500 residential units, over 32,000 square feet of retail space, a 100,000-square-foot, class A office building, and a public plaza that connects with The Underline linear park.

 

 

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Azarius
4 months ago

2700 for two bedroom WoW

Anonymous
4 months ago

Right?!? The rental market is out of control. And even at that price, it’s hard to find any availability until Dec or 2022. It’s insane.

Anonymous
4 months ago

those are just starting prices. On their website, different lay outs are higher prices.

Anonymous
4 months ago

Right? My current mortgage on a 4/2.5 is $1650. Why rent? No…its not in Hialeah.

Anonymous
4 months ago

That’s your only expense, a mortgage? No repairs, maintenance, taxes, or insurance costs? Some place you got there.

Anonymous
4 months ago

Go rent in Opa-Locka and get yourself a good gun with the thousands less on your first month’s rent.

Anonymous
4 months ago

I pay 3000 in coconut grove. Douglas station need major renovation.

Anonymous
4 months ago

Thank you for doing the Douglas road metro rail post today

Anonymous
4 months ago

Milam’s is expensive?

Anonymous
4 months ago

It is if you’re the poster on here who complains about Publix, or the croqueta troll.

Anonymous G
4 months ago

Nice looking building. Well done to Civic Construction and 13th Floor Investments and the Adler Group

Anonymous
4 months ago

If it take a developer 2-3 years to get permits from City bureaucrats, I’m not surprised new-building rents are increasing

Anonymous
4 months ago

You all morons below want to pretend to be ‘big city’ without big city prices…wannabee mofos. It comes with the territory, bozos!

J.M.
4 months ago

Well, first of all, this is the suburbs so calm down.

Anonymous
4 months ago

312 unit apartment building next to heavy rail and high density commercial

Suburbs?