Leading real estate developers Related Group and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), have closed on $160 million in construction financing from Bank OZK for Waldorf Astoria Residences Pompano Beach (The Residences).
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Merrimac Ventures Unveils Plans for Bungalow East Residences in Fort Lauderdale Beach
Merrimac Ventures, a renowned South Florida real estate investment and development firm, has announced the launch of sales for Bungalow East, an exclusive luxury condominium set to rise in Fort Lauderdale Beach. The 14-story boutique development will house just 34 residences, each designed with refined elegance and offering extensive amenities in one of the area’s most walkable and desirable beachside communities.
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Meet the Panelists Speaking at The PROFILE South Florida Capital Markets Summit at E11EVEN Residences Miami
On Wednesday February 7, 2024, PROFILEmiami will host its inaugural Capital Markets Summit, bringing together some of the biggest movers and shakers in real estate development in Miami to explore the state of financing and capital markets in the real estate industry. The panel is set to feature industry leaders developer Dan Kodsi of Royal Palm Companies, Dev Motwani of Merrimac Ventures, Raul Llanes of City National Bank, Michael May of Silverstein Capital and Justin Oates of Cain International; moderated by Matt Einheber of TitleEQ.
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Merrimac Ventures and Aria Development Group Lock Down $95 Million Construction Loan for Sold-Out 600 Miami Worldcenter
A joint venture between South Florida-based developers Merrimac Ventures and Aria Development Group is preparing to break ground on 600 Miami Worldcenter, a 32-story condominium tower set within Downtown Miami’s Miami Worldcenter 27-acre mixed use development, following locking down a $95 million construction loan from Banco Inbursa.
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Merrimac Ventures and BH3 Management Join Forces For New Development on Watson Island
BH3 Management and Merrimac Ventures, two of South Florida’s leading development firms, have teamed up to execute the City of Miami’s long-held vision of a thriving destination on Watson Island. The joint venture will draw upon their deep local roots and collective expertise to bring to life 10.7 acres of land on the island, which is one of the most vital properties in South Florida, situated along Biscayne Bay midway between Downtown Miami and Miami Beach.
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Related Group And Merrimac Ventures Launch The Crosby Miami Worldcenter Condo With No Rental Restrictions In Downtown Miami
A JV between Related Group, one of the nation’s most prolific developers, and Merrimac Ventures, a leading South Florida-based real estate investment and development firm, have launched sales of The Crosby Miami Worldcenter. The 31-story tower set within Miami Worldcenter mixed-use development will deliver 450 turn-key residences, free of rental restrictions.
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Related Group and Merrimac Ventures Joint Venture Acquires Miami Worldcenter Development Site For $12 Million
A joint venture between Related Group and Dev Motwani’s Merrimac Ventures has acquired a development lot in Miami Worldcenter for $12 million from Miami Worldcenter Associates. The .6 acre lot is located at 601 North Miami Avenue and 25 Northeast Sixth Street and is currently used as a surface parking lot.
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Nitin Motwani, Anshu Motwani, City of Plantation Mayor Lynn Stoner, Ramola Motwani, Broward County Commissioner Dale Holness , City Council Member Timothy Fadgen, Dev Motwani, Mike Kaufman
Merrimac Ventures Breaks Ground On $90 Million Merrimac Plantation Multifamily Development In Plantation
South Florida-based development firm Merrimac Ventures has broken ground on Merrimac Plantation, a new multifamily development on the rise in the City of Plantation, Florida. Located at 1711 N. University Drive, Merrimac Plantation will total 293,945 square feet with 306 rental apartments.
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PROFILE Exclusive Podcast Season 1 Episode 6 Featuring Dev Motwani of Merrimac Ventures
Season 1 Episode 6 of the PROFILE Exclusive Podcast by PROFILEmiami features Dev Motwani of Merrimac Ventures. Dev serves as Managing Partner of Merrimac Ventures, a Fort Lauderdale based real estate firm that focuses on value-add investment and development opportunities.
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The Estate Companies, Merrimac Ventures And Tricera Capital Secure $56 Million Construction Loan For Soleste Cityline Apartments
The Estate Companies, Merrimac Ventures and Tricera Capital have secured a $56 million construction loan for Soleste Cityline, a multifamily development planned in Dania Beach. The loan was provided by Synovus Bank and the development partnership plans to break ground by the end of Q1 2021.
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