Related Group and Merrimac Ventures plan to launch a condo development in Pompano Beach, The Real Deal has learned.

Miami-based Related, led by Jorge Pérez and his sons, Jon Paul and Nick, is partnering with Dev and Nitin Motwani’s Merrimac on the project at 1350 South Ocean Boulevard, according to plans submitted to the city this summer. The Motwanis planned to develop condos on the site dating back to 2017. An affiliate of the firm paid $11.5 million for the 1.8-acre oceanfront site in 2011, which also included the 4-acre property at 1333 South Ocean Boulevard that has since been developed into luxury rentals.

Related and Merrimac’s building is being designed by Nichols Architects with landscaping by Enzo Enea, according to the plans. The 28-story, 92-unit tower would have condos ranging from two to five bedrooms; two restaurants; and a pool deck topping the three-story parking podium. The project will also include about two dozen boat slips that Motwani deeded back over to the condo site years ago with the plan to sell them with the units.

Source: The Real Deal https://therealdeal.com/miami/2023/09/26/related-group-merrimac-plan-waldorf-astoria-in-pompano/