Astor Scores $32M Construction Loan for Miami Multifamily
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 Avenu...
Source: therealdeal.com