Multifamily Development in Plantation Breaks Ground

Merrimac Ventures is leading the $90 million project

Merrimac Ventures, a South Florida-based development firm, recently began construction on Merrimac Plantation, a new multifamily development at 1711 N. University Drive. The property will encompass 293,945 square feet with 306 rental apartments across two six-story midrise buildings. Construction is expected to be completed in 2023.

Apartments will range from one to three-bedroom layouts. Each unit will include modern stainless-steel appliances, high-end European cabinetry, quartz countertops, and smart locks and thermostats. Amenities at the facility feature a double-height lobby, club room, pool, covered terrace, barbecue grilling stations, two exterior courtyards, fitness center, a co-working and business center with private offices and conference rooms. A resident โ€˜hangoutโ€™ lounge, dog park and dog spa, electric vehicle charging stations and Wi-Fi connectivity are also available throughout the property.

โ€œOnce completed, Merrimac Plantation will meet [the] growing demand for market-rate rental housing in Central Broward County, which is experiencing an influx of new residents drawn to the areaโ€™s accessible location, appealing quality of life, and proximity to several major employers,โ€ says Nitin Motwani, Managing Partner of Merrimac Ventures.

Merrimac Plantation will sit adjacent to the Plantation Midtown Business District, an 860-acre master-planned development featuring 2.5 million square feet of retail and restaurants with 3 million square feet of office space. It is also close to Plantation Pointe Office Park, the Westside Regional Medical Center and the Plantation Walk mixed-use redevelopment.

In addition to Merrimac Plantation, real estate developments in the Merrimac Venturesโ€™ portfolio include the Four Seasons Hotel and Residences Fort Lauderdale Beach; Riverfront East, a new mixed-use development underway in downtown Fort Lauderdale; the recently opened Flagler Village Hotel and an approved 27-story, 92-unit luxury condominium tower along the beachfront in Pompano Beach, among others.

SFBW Staff
sfbw@lmgfl.com
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