H&H Looks to Next Condo Project

MIAMI-On the heels of finishing the Gables View condominium project, Coral Gables, FL-based H&H Development is planning its next condo venture in Miami.The planned project is Douglas Place, a 14-story, 83-unit boutique property. Sales are scheduled to begin in April, and a ground-breaking is planned for this June. The sellout value of the project is $20 million. The architecture firm Behar-Font & Partners PA, which designed the company’s Gables View project, is designing Douglas Place as well.Douglas Place is being developed on a one-acre parcel of land at 60 N.W. Douglas Rd. just outside Coral Gables. In addition to the residential units, the project will include 5,500 sf of ground-floor retail space. It is scheduled to be completed in the fourth quarter of 2005.The project will consist of one- and two-bedroom residences and penthouses. The sizes of the residences will range from 887 sf for one-bedroom, one-bathroom units to 1,330 sf for penthouse units, which will consist of two bedrooms plus a den and two bathrooms. Prices will start at $182,000, while penthouses will be priced from $272,950. Douglas Place is designed to have a fourth-floor recreation area with a landscaped sun deck, a large pool and a covered terrace, a clubhouse with a lounge, a bar and a billiards table, a fitness center and a barbecue area.”This project is another example of H&H’s commitment to providing attractively priced housing,” Harvey Hernandez, president of H&H Development Co., says in a statement. “Our goal is to accommodate the mid-priced market without compromising the luxury in higher-end buildings.”Hernandez tells GlobeSt.com: “H&H Development Co. has found success by fulfilling a niche in the market for centrally located properties that are more reasonably priced than most other condominium projects. Another advantage that has allowed us to enjoy early success is the design of our projects, which incorporates a comprehensive amenity package typically found in large high-rise developments, with the intimate ambiance of a boutique property.”The two-year-old real estate investment and development company’s Gables View condominium project is a 78-unit, 14-story boutique property located at 1627 S. Douglas Road in Miami’s Coral Way neighborhood. This project has a $21-million sellout value.