This Week’s South Florida Deal Sheet: First Condo-Only Waldorf Astoria Planned – BISNOW
Related Group, Merrimac Ventures and Hilton have partnered on the development of the Waldorf Astoria Residences Pompano Beach, the first purely residential property for the Waldorf Astoria brand
The 28-story property is planned on a 1.8-acre oceanfront parcel at 1350 South Ocean Blvd. It will have 92 condos ranging from 2,100 SF to 6,100 SF. Amenities include a private marina with 19 slips, a 20K SF oceanfront pool deck with an outdoor bar, 200 feet of private beach access with a beachside café, and 15K SF of additional amenities. A ground-floor food and beverage concept will round out the development’s dining options.
The property was designed by Coral Gables-based Nichols Architects in collaboration with Kora Architecture in Las Vegas, BAMO in San Francisco and Enea Landscape Architecture, a Swiss firm with offices in Miami and New York.
An affiliate of Fort Lauderdale-based Merrimac Ventures, led by Dev and Nitin Motwani, paid $11.5M in 2011 for the development site and an adjacent 4-acre property that has since been developed into luxury rentals, The Real Deal reported.
Read on at Source: Bisnow https://www.bisnow.com/south-florida/news/deal-sheet/this-weeks-south-florida-deal-sheet-121162