Dev Motwani closes on land for $25M Flagler Village Hotel

Plans include a 195-room hotel with retail space, amenities and 100 parking spaces

Feb.February 10, 2016 12:45 PM

Dev Motwani paid $1.9 million for the development site of the new Flagler Village Hotel, Berger Commercial Realty said on Wednesday. 

Broward County records show the 24,000-square-foot site, at 315 to 333 Northwest First Avenue in Fort Lauderdale, sold on Jan. 21 to 315 Flagler LP. Motwani has plans to develop the property into a 195-room hotel with retail space, amenities and 100 parking spaces. The 200,000-square-foot Flagler Village Hotel development is valued at $25 million.

Judy Dolan and St. George Guardabassi of Berger Commercial Realty represented the seller, the Curtis T. Bell Trust, according to a press release. The property is made up of four parcels that currently house a 4,100-square-foot office building and a parking lot. It’s in the Flagler Village neighborhood, which stretches from Broward Boulevard to Sunrise Boulevard, and from Federal Highway to the Florida East Coast Railway.

Also planned in the neighborhood is a dual-branded, 323-key hotel at 2999 North Federal Highway. The Wurzak Hotel Group, along with investor DoveHill, will develop the Element and Tribute. Wurzak began site work on the property at the end of last year.

Motwani has focused on the Fort Lauderdale market this cycle. He’s been involved with the waterfront Four Seasons Hotel and Residences, and said in September that he is considering selling the Las Olas Riverfront as a major redevelopment site in downtown Fort Lauderdale. And he is developing the Gale Hotel & Residences on the beach along with partners Newgard Development Group and Menin Hospitality. – Katherine Kallergis

Related Articles

Daily Digest Miami

Griffin gets biggest tax bill in Palm Beach, late billionaire’s islands hit the market for $30M

From left: Joseph P. Thomas and Scott Havericak, with 3001 N. Federal Highway (Credit: Google Maps)

Shuttered hotel in Fort Lauderdale sells for $10M

Noah Bachow and a rendering of Flagler Creative

Fort Lauderdale urges redesign of Flagler Village project with co-living

Dean Trantalis, Ken Valach, and a Alexan Tarpon River rendering

Fort Lauderdale scores victory in legal battle against Trammell Crow

Daily Digest Miami

Construction worker killed in Hallandale electrocution, developer under contract for site near Fort Lauderdale Brightline

Rendering of Bodega Taqueria y Tequila, Keith Menin and Jared Galbut

Menin Hospitality’s Bodega is expanding to Fort Lauderdale

Daily Digest Miami

Missoni Baia lands massive loan, Babylon Brickell owner sells Overtown property: Daily digest

Daily Digest Miami

Carl DeSantis buys Delray office building, Faena lists Miami Beach home: Daily digest