Related Group and Merrimac Ventures launch sales office for the Nichols designed Waldorf Astoria Pompano Beach Developer Related Group, the powerhouse behind some of Florida’s most significant developments, and Merrimac Ventures are partnering with hospitality brand Hilton to launch Waldorf Astoria Residences Pompano Beach. Through the partnership with Hilton, Miami-based Related Group, led by Jorge Pérez and his sons, Jon Paul and Nick, and Merrimac Ventures, helmed by Dev and Nitin Motwani, will help launch Waldorf Astoria’s first-ever purely residential…

Waldorf Astoria – the globally-known luxury brand of hotels and resorts by Hilton – will launch a brand-new residential concept in Pompano Beach. Danielle Charbonneau Waldorf Astoria Residences, a joint venture by local developers Related Group and Merrimac Ventures in partnership with Hilton, will be a first-class, luxury residential tower consisting of 92 residential units, a café with room service, a poolside dining establishment with private cabanas, jacuzzi, wellness facilities and two dozen boat slips.  The two-acre site at 1350 S. Ocean…

Site previously slated for new city administration complex By Lidia Dinkova Michael and David Adler’s firm will be moving forward on a 36-story multifamily tower near the Miami River. On Nov. 15, the Miami Urban Development Review Board greenlit the Alder Group’s proposal for Nexus Riverside 1B building with 345 apartments atop a 393-space garage at 230 Southwest Third Street. Board members, who have an advisory role, as final approval rests with the city zoning administrator, recommended that Adler extend a…

Planned Regency Parc will have 18 stories, 124 units By Kate Hinsche Armando Codina’s Codina Partners scored a $115 million construction loan for its planned 18-story luxury apartment building in Coral Gables. Goldman Sachs is providing Codina’s financing for the project, a spokesman for Codina confirmed. The Coral Gables-based developer received approval for the 124-unit project at 2601 Salzedo Street in June of last year. Pricing has yet to be announced for the project. The apartment complex, Regency Parc, will…

Codina Partners has started work on a high-end apartment building in Coral Gables designed by Nichols Architects, with extra spacious units after obtaining a $115 million construction loan. By Brian Bandell Veteran developer Armando Codina said he obtained the mortgage from Goldman Sachs, with whom he has a longstanding business relationship. His Coral Gables-based development firm contributed $75 million in equity into the Regency Parc project, he added. … Located on the 1.75-acre site at 2601 Salzedo St., the 18-story…