13th Floor Investments and Adler Group announce that Motion at Dadeland, a mixed-use project next to the Dadeland North Metrorail station, has officially topped off construction at 25 stories. The project is comprised of 294 luxury rental units and approximately 8,000 square-feet of prime ground floor retail space that is currently available for lease. Motion at Dadeland broke ground in October 2016 and remains on track with its scheduled completion date of late summer 2018.
The transit-oriented project will offer residents all the benefits of an urban lifestyle with easy access to Downtown Miami via the adjacent Metrorail station as well as popular entertainment destinations such as The Shops at Sunset Place, Coconut Grove, Brickell Financial District and Dadeland Mall.
“The Downtown Dadeland area has grown into one of Miami’s most appealing submarkets for residential living,” said Michael M. Adler, CEO of Adler Group. “Moreover, Motion at Dadeland has the best location in the submarket as it provides residents direct access to Brickell and Downtown Miami via a connected Metrorail station.”
The Class-A multifamily development will feature condo-quality unit finishes with sweeping views of Biscayne Bay and Downtown Miami. Its best-in-class amenities package includes a modern lobby, double height amenity level on the sixth floor, fully-equipped fitness center with bay and skyline views, expansive pool deck, poolside cabanas, communal sun loungers, covered seating, party lounge and a coworking center for its residents. Civic Construction has been brought on as general contractor for the project.
In August 2016, Motion at Dadeland secured $50 million in construction financing from TD Bank and Banco Santander.
“Motion at Dadeland is a testament to the success that can be achieved by working with strong partners to deliver a product that speaks directly to today’s renters,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments. “The development is an ideal solution for residents looking to ditch their cars while still staying connected to Miami’s urban core and other top destinations throughout the city.”
Working with Gadinsky Real Estate, LLC as the project’s exclusive retail leasing agent, 13th Floor Investments and Adler Group are currently seeking a restaurant tenant to complement the ground floor’s service and specialty offerings, and further enhance the live, work, play environment that the project’s residents will enjoy.
About 13th Floor Investments
13th Floor Investments is a Miami, Florida based investor, owner, developer, and manager of real estate properties. Adhering to a strict value-investment thesis, the firm seeks to generate superior, risk-adjusted returns for its investors while actively mitigating risk. Through its family of real estate fund vehicles, the firm acquires and develops real estate across all asset classes across the state of Florida, both directly and through strategic partnerships with like-minded firms. 13th Floor has invested over $400MM of equity in 43 transactions since 2008, representing a total estimated project value of over $1.5 Billion. Current assets within the company’s portfolio include: transit-oriented developments (Link at Douglas and Motion at Dadeland); luxury condominium developments (The Harbour and 1010 Brickell); multifamily developments (Sereno and Boulevard57); single family home communities (Central Parc, Manor Parc and Arbor Parc); and commercial property (Highland Park Center and 3650 Design Plaza).
About Adler Group
Adler Group is a multigenerational real estate company headquartered in Miami, Florida that offers a full range of services that leverage the strength of the organization’s experience to maximize the value of its real estate assets. Throughout its 50-year history, Adler Group has developed and acquired over 20 million square feet of industrial, office, and retail real estate and over 8,000 residential units. Through its operating entities, Adler owns and manages approximately nine million square feet of commercial real estate throughout the greater Southeast and has over 2,000 multifamily units under development. Recently completed multifamily projects include the 467-unit Shorecrest Club in Miami and the 250-unit Pearce at Pavilion in East Tampa. Projects under development include the 294 unit Motion at Dadeland and the 462 unit Nexus Riverside in Miami.