Merrimac Ventures is launching sales of its planned Bungalow East condo project in Fort Lauderdale with prices starting at $2 million.
Merrimac, led by brothers Dev and Nitin Motwani, tapped Peggy Olin’s OneWorld Properties to lead sales for the development at 350 North Birch Road, a press release shows. The brothers first received approval for a condo project on the site in 2019, but revised their plans in subsequent years.
The Motwani family has owned the property for decades, Dev Motwani previously told The Real Deal. The site is a block from the ocean and the two-year-old Four Seasons Residences Fort Lauderdale, which the Motwanis developed with Nadim Ashi’s Fort Partners.
The planned 14-story Bungalow East will have 34 condos, including three- and four-bedroom units ranging from 2,100 square feet to 2,800 square feet, the release shows. The building will also have two penthouses spanning 4,000 square feet with up to five bedrooms. Prices for the project start at $2 million and range up to $4 million.
Miami-based Swedroe Architecture is designing the project, and Adriana Hoyos Design Studio is handling interior design, according to the release. Construction is expected to start in 2025 and is slated to be completed in 18 months, the release shows.
Amenities in Bungalow East will include a pool, fitness center, spa facilities, beauty salon, pet spa, dog run, library, gaming lounge and rooftop lounge, the release shows. Merrimac is also offering buyers a yacht club membership, private dining membership, and membership to the Conrad Hotel Fort Lauderdale for beach access and hotel amenities.
Fort Lauderdale, much like the rest of South Florida, has boomed in recent years. Earlier this month, OceanLand Investments scored a $96 million construction loan for its planned Sixth&Rio condo project. Last month, Vertical Developments, GCF Development and WellDuo launched sales for a planned luxury condominium branded by the Italian yacht maker Riva.