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Merrimac Ventures

Miami-Dade County Qualifies Three Teams For $10B Project
South Florida
Dec 11, 2024

Three all-star teams of developers qualify to bid on $10B Miami-Dade project

Roster members include Related Group, 13th Floor, Merrimac Ventures, Terra, Atlantic Pacific, Sterling Bay, Florida Value Partners, Cornerstone Group and John Buck
Merrimac Launches Sales of Fort Lauderdale Condos
South Florida
Nov 19, 2024

Merrimac Ventures launches sales of Fort Lauderdale condos 

Motwani brothers plan 14-story, 34-unit Bungalow East with prices starting at $2M
TRD Forum Panelists Discuss South Florida’s Apartment Market
South Florida
Nov 7, 2024

“Slowed down”: Developers weigh in on South Florida multifamily pipeline at TRD Forum

Estate Companies’ Jeff Ardizon, Key International’s Inigo Ardid and Merrimac’s Nitin Motwani say difficult capital markets led to a drop in construction starts
Map: Miami Worldcenter’s Pipeline of 8K Units, 500 Hotel Keys
South Florida
Apr 1, 2024

Map: Miami Worldcenter’s pipeline of 8,400 resi units, 500 hotel keys

Nearly 800K sf of commercial space also on tap
Falcone Plans Nichols-Designed Miami Worldcenter Condo-Hotel
South Florida
Mar 19, 2024

Falcone proposes 53-story condo-hotel at Miami Worldcenter

City board expected to vote Wednesday on project with 280 hotel keys, 351 condos, retail and restaurant
Merrimac, Aria Nab Miami Worldcenter Condo Construction Loan
South Florida
Feb 6, 2024

Merrimac, Aria nab $95M construction loan for Miami Worldcenter short-term rental condo tower

Mexico City-based Banco Inbursa is lender
Related Group, Merrimac Plan Waldorf Astoria in Pompano
South Florida
Sep 26, 2023

Related, Merrimac plan Waldorf Astoria condos in Pompano Beach

28-story, 92-unit building would rise near a Ritz-Carlton-branded tower
Dev Motwani and Nitin Motwani with a rendering of 530 North Birch Road (Adache Group Architects)
South Florida
Sep 23, 2022

Motwanis win approval to expand planned Fort Lauderdale condo project

City commission approved a site plan amendment adding a fourth floor, 11 units, and 20 additional parking spaces to the development
Here are the resi projects planned for downtown Miami
South Florida
Sep 2, 2022

Here are the resi projects planned for downtown Miami

Developers have spent $230M on sites since December
Adam Neumann pays $17M for retail at Las Olas Riverwalk in Fort Lauderdale
South Florida
Feb 21, 2022

Adam Neumann pays $17M for retail at Las Olas Riverwalk in Fort Lauderdale

Entity linked to Neumann acquired the property from Merrimac Ventures, Tricera Capital
Related Group, Merrimac JV plans Miami Worldcenter project, pays $12M for site
South Florida
Dec 21, 2021

Related Group, Merrimac JV plans Miami Worldcenter project, pays $12M for site

Site is one of the last remaining available parcels at Miami Worldcenter
Merrimac Ventures co-CEOs Nitin Motwani and Dev Motwani. (Merrimac)
South Florida
May 27, 2021

Motwanis’ Merrimac Ventures scores $72M construction loan for Plantation apartments

306-unit project is expected to be completed by 2023
Dev Motwani (right) and The Estate Companies' Jeff Ardizon and Robert Suris with renderings of the project
South Florida
Feb 12, 2021

Estate Companies scores $56M construction loan for Dania Beach mixed-use project

Motwani bought the land in 2017
From left: Jeff Ardizon, Robert Suris, Tony Castro, and Dev Motwani, with a rendering of the project
South Florida
Sep 3, 2020

Developers advance plan for Dania Beach multifamily project

Project will have 340 units and 12,800 sf of retail space