Developing real estate projects, like the Link at Douglas, near Tri-Rail and other transit systems will help control South Florida's traffic congestion
Transit-oriented development (TOD), is the way of the future. 13th Floor Investments sees a future without traffic congestion. The world is changing and trends are anticipating that autonomous technologies are going to take over and car ownership will decrease. 13th Floor is at the forefront of a coming transportation revolution where instead of giving people parking, developers will give people a “transit wallet” to access any number of options, be that train, bus, bicycle, ride-sharing or other methods.
What drives developer Arnaud Karsenti? For one, this bit of wisdom: Anything worth having must be earned. His persistence during the recession is a case in. The 40-year-old founder of 13th Floor Investments launched his Miami-based private real estate investment and development firm in 2008, focusing on distressed assets amid the downturn. When the market improved, the company turned to development, and it now has about $1.7 billion in condominiums, mixed-use and multifamily projects, in addition to single-family home communities across the state.
As congestion grows to the point at which it affects urban accessibility, developers across the United States are seeing an opportunity to build mixed-use transit-oriented developments in urban areas, where people can live, work, shop, and play while avoiding traffic altogether. Link at Douglas, a massive development with a rail station at its center; will include 1,000 apartments, a 150-room hotel, and retail space.
Will build 500 single-family homes and townhomes, with townhomes starting in the $200,000s. 13th Floor Homes, the home building division of 13th Floor Investments, in partnership with BTI Developers, on Thursday announced the official groundbreaking of Arbor Parc, a new gated community that will encompass 500 single-family lakefront homes and townhomes in the heart of Palm Beach County.
Venezuelan developer canceled condo sales of UES project last year. 13th Floor Investments and Tricera Capital paid $19.5 million for the former site of Boulevard 57 in Miami’s Upper East Side with plans to to build a mixed-use project.
Tour 13th Floor Investments and Key International's newly completed 1010 Brickell with $262M sellout
Take a tour of 1010 Brickell’s amazing array of amenities. “The Club at 1010” offers among the most diverse amenity packages in the world of lavish Miami condos — and it’s especially alluring for families. Among the club’s amenities is a playroom that features rock climbing, bowling, indoor basketball, a crocheted activity net, virtual golf, and air hockey. There’s also two pools, an impact-absorbent outdoor running track, squash, an expansive fitness center, and a spa that includes a Turkish hammam, hot and cold plunge pools, steam, sauna, aromatherapy rooms and private treatment areas. Additionally, the 50th floor includes a rooftop pool, a restaurant, and an outdoor theater.
Underline linear park scores $75,000 for "Brickell backyard" from 13th Floor Investments and co-developer
Pinnacle Housing Group, along with 13th Floor Investments and the Adler Group, have donated a combined $75,000 to the Underline, a planned 10-mile long linear park and trail in Miami-Dade County. The donations will be used for the design of the project’s first phase. As planned, “Brickell backyard” will start at the Miami River and will feature picnic areas, native vegetation, an outdoor gym with a basketball court, a nature-drive playground and dog park.
Arnaud Karsenti doesn’t see himself as a pioneer, but a trend-spotter and value investor who has a sense when an area or kind of asset is ready to take off. He reminds himself it’s often the second mouse that gets the cheese, as the first tends to get the trap.
13th Floor Investments is a Miami-based alternative investment management firm that invests in value-add and opportunistic residential and commercial real estate transactions within the state of Florida. The firm seeks short and medium duration equity and debt investments that offer a compelling case for generating high absolute returns.
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