Motwani’s Flagler Village hotel to break ground by the end of this year

$25M project will include a 195 room hotel and ground-floor retail

TRD MIAMI /
May.May 26, 2016 09:51 AM

Updated 1:45 p.m., May 26: Dev Motwani’s Flagler Village hotel will break ground by the end of 2016 and is in talks with multiple flags, the developer told The Real Deal

Motwani, of Merrimac Ventures, received plat approval from the Broward County Commission on Tuesday allowing him to develop up to 220 hotel rooms, 120 residential units and 7,000 square feet of commercial space.

The developer plans to develop a 195-room hotel with up to 2,000 square feet of ground-floor retail space – for the time being – on the development site at 315 Northwest First Avenue. Motwani told TRD he’ll partner with Coral Gables-based Driftwood Hospitality.

315 Flagler, LP purchased the four-parcel development site in January for $1.9 million. It is currently bordered by multifamily residential units, a parking lot and railroad tracks where All Aboard’s new Brightline station is being built. The high-speed train service will run along the Florida East Coast rail line from Miami to Orlando beginning in mid-2017.

The Flagler Village neighborhood, which stretches from Broward Boulevard to Sunrise Boulevard, and from Federal Highway to the Florida East Coast Railway. More than 40 projects will come online in the neighborhood, which is often compared to Wynwood. A group of Israeli developers recently launched Flagler 626, a 12-story, 97-unit condo project at 626 Northeast First Avenue.

 Correction: An earlier version of this story incorrectly stated that the developer plans a 220-room hotel, 120 residential units and 7,000 square feet of commercial space on the site. Motwani has approvals for all three, but is only planning to build a 195-room hotel. 


Related Articles

arrow_forward_ios
Bridge Investment Executive Chairman Robert Morse, Bayview Corporate Tower (Credit: Google Maps)

Bridge Investment sells Fort Lauderdale office building for $83M

Bridge Investment sells Fort Lauderdale office building for $83M
Brad Hargreaves

Common managing Nuveen apartment buildings in Fort Lauderdale, LA

Common managing Nuveen apartment buildings in Fort Lauderdale, LA
Fourth Avenue Church of God (Google Maps)

Church near Flagler Village to be redeveloped into mixed-use project

Church near Flagler Village to be redeveloped into mixed-use project
The Bond at 105 North Federal Highway (Credit: Google Maps)

Bond Collective-anchored office complex in Fort Lauderdale hits market

Bond Collective-anchored office complex in Fort Lauderdale hits market
Adam Adache and renderings of 30 Thirty North Ocean

30 Thirty North Ocean in Fort Lauderdale gets TCO

30 Thirty North Ocean in Fort Lauderdale gets TCO
The founder of Lady Jane’s Haircuts for Men Chad Johnson and the home (Credit: Google Maps)

$1M chop: Barbershop founder sells Fort Lauderdale oceanfront home for $9M

$1M chop: Barbershop founder sells Fort Lauderdale oceanfront home for $9M
Jeff Burns, Nick Rojo, The Bohemian Lake Worth

Affiliated Development’s Lake Worth Beach apartment project approved

Affiliated Development’s Lake Worth Beach apartment project approved
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...