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CORAL GABLES, FL - The Henry Torres-led Astor Companies received a Temporary Certificate of Occupancy (TCO) from the City of Miami for Douglas Enclave, a rental apartment project located in the heart of the city. Resident move-ins are now underway at the 199-unit building. The 11-story building at 61 NW 37th Ave. is already more than 35% leased, with occupancy expected to rapidly increase now that apartments are move-in ready. Astor expects to receive a final Certificate of Occupancy (CO). ....
Astor Companies founder Henry Torres and a rendering of the Douglas Enclave (The Astor Companies) The Astor Companies scored a $32.4 million construction loan for its planned mixed-income, multifamily project near Miami’s Flagler Street. Coral Gables-based Astor, led by founder Henry Torres, is developing the 10-story, 199-unit Douglas Enclave at 61 Northwest 37th Avenue. Ocean Bank issued the loan, according to records. Astor plans to start construction this spring on the property, which spans a 1.1-acre full city block between Flagler and Northwest First streets along Northwest 37th Avenue, according to the company’s website. Astor, through an affiliate, bought the six-lot property in July 2017 for $5.1 million, a deed shows. ....