Miami’s Little Havana neighborhood continues to be a magnet for real estate investment and development activity, as sophisticated industry players consider it one of South Florida’s hottest areas. The milestone sale of Douglas Enclave is a shining example of Little Havana’s growing appeal. The Astor Companies closed the $68 million sale of Douglas Enclave to Tandel Group on Dec. 30, as reported by Commercial Observer and several other business and real estate media outlets. At $341,708 per unit, Douglas Enclave’s sale sets a new pricing record for the neighborhood. The previous benchmark was the $315,217 per unit sale of 850 Living.

The 11-story, 199-unit Douglas Enclave was 95% leased at the time of the sale. Astor completed the building in 2023, winning a South Florida Business Journal Structures Award that year. Its in-house leasing and management team successfully stabilized the building in a competitive rental market, putting Douglas Enclave in a position to command a market-setting sale price.

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district.

Elsewhere in Little Havana, Astor continues to make incredible progress on the construction of Havana Enclave as it moves closer to completion this summer. Havana Enclave reflects Astor’s commitment to meet Miami’s housing needs and help the city it calls home reach its full potential.

Havana Enclave General Contractor BDI Construction recently completed installation of all windows at the 179-unit building, which is located at 315 NW 27th Ave. Second-floor inspections are also complete.

Astor and the Havana Enclave team look forward to officially opening the building later this year! For more information about the project, visit blog.havanaenclave.com or email info@astor.com.