Merrimac greenlit for downtown Fort Lauderdale resi towers as demand surges
Merrimac Ventures is moving forward with a major mixed-use residential development in downtown Fort Lauderdale. City commissioners unanimously approved an amended site plan for the project at 317 North Federal Highway on Tuesday. The Fort Lauderdale-based firm, led by Dev and Nitin Motwani, first proposed the project in 2021. That proposal called for two towers totaling 1.4 million square feet, with 716 residential units, 8,700 square feet of commercial space and 1,083 parking spaces, the South Florida Business Journal reported. The towers would rise 42 and 45 stories and include fitness, media, social and coworking rooms. The city’s development review […]This article originally appeared on The Real Deal. Click here to read the full story.
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