Astor scores $36M loan for Little Havana apartment project

Astor Companies nabbed a $36 million construction loan for a multifamily project that already broke ground in Miami’s Little Havana. Ocean Bank provided the financing for an affiliate of Astor, a Coral Gables-based firm led by Henry Torres, that is developing Havana Enclave, an eight-story building with 179 apartments, records show. Last year, Astor paid $10 million for the 1.2-acre site at 315 Northwest 27th Avenue. Designed by Coral Gables-based Hamed Rodriguez Architects, Havana Enclave will have a mix of market-rate studios, one and two-bedroom apartments, a press release states. Astor expects to complete the project in 2027.  Founded in […]This article originally appeared on The Real Deal. Click here to read the full story.