Artificial Intelligence
Builders Company
Developers/Merrimac Ventures
MV
Merrimac VenturesFort Lauderdale, United States · founded late 70’s · 1 active markets
PRIVATE

Merrimac Ventures is a private family-owned real estate investment and development firm building hotels, condominiums, multifamily housing, retail and mixed-use projects. It operates primarily in Florida and elsewhere in the United States, serving luxury residents, hospitality guests, renters and investors.

LinkedIn headcount
11
employees, as shown on LinkedIn · size band 11–50
Portfolio value
USD 3.7 billion
currently
Assets under management
USD 3 billion
2026-07-12
Units delivered
more than 4,000 units
as the company states it
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
MERRIMAC VENTURES, L.C.1
Headquarters
17 NE 4th ST1, Fort Lauderdale1, United States
Founded
late 70’s1
Entity type
PRIVATE1
Business model
offplan for sale1, build to rent1, commercial1, mixed use1
Markets
1 market listed
What they build
Residential, for rent (4 of 9) · Mixed use (4 of 9) · Retail (3 of 9)
Full dossier in About →

Delivery record

4 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
+4.5 mo
the middle of 4 scored projects
Average delay
+5.6 mo
the same projects, pulled by the worst
Average time to deliver
2.9 yrs
start to completion, over 4 delivered projects
Worst slip
+13.0 mo
The Crosby Miami Worldcenter · +12.0 to +14.0
2
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

4 date-assessed here · 239 developers, 891 date-assessed projects in United States
Median delay
Merrimac Ventures·239 developers in United States
+4.5 mo vs +4.5 mo
this developer is level
The typical project on each side.
Average delay
Merrimac Ventures·239 developers in United States
+5.6 mo vs +7.6 mo
this developer 2.0 mo better
Both pulled by their worst few.
On time
Merrimac Ventures·239 developers in United States
50% vs 55%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Merrimac Ventures·239 developers in United States
2.9 yrs vs 2.9 yrs
this developer is level
Start to completion, over 4 delivered here and 732 in the market.
Projects and timelines in Track Record →

Resident experience

9 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.7/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
6.8/ 10
Fabric, services, waterproofing, envelope · from 7 of 9 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 9 of 9 rated buildings

Against other developers

9 rated here · 258 developers, 1332 rated buildings in United States
Overall rating
Merrimac Ventures · 258 other developers in United States
7.7 vs 7.8
this developer 0.1 worse
The weighted verdict on each side. From 9 of 9 rated buildings here and 1332 in the market.
Structure & systems
Merrimac Ventures · 258 other developers in United States
6.8 vs 6.9
this developer 0.1 worse
Fabric and engineering only — fixed at handover. From 7 of 9 rated buildings here and 558 in the market.
Management & living
Merrimac Ventures · 258 other developers in United States
7.5 vs 7.4
this developer 0.1 better
Upkeep and response — belongs to whoever runs the building now. From 9 of 9 rated buildings here and 1281 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

No documented awards or recognitions in the sources reviewed.

All awards →

Risks & source coverage

  • DELIVERY DELAY Reported October 17, 2025 As reported on October 17, 2025, progress on the first tower of Merrimac Ventures’ 317 N Federal Highway development was described as indefinitely stalled; the report said the reasons for the delay were unclear. This is a reported status, not evidence of cancellation, and later project progress should not be inferred from the article alone.
  • DELIVERY DELAY Reported September 23, 2022; delay described as existing at that time As reported on September 23, 2022, Merrimac Ventures said construction of its planned 530 North Birch Road condominium had been delayed by the COVID-19 pandemic and the slow Central Beach master-plan process; the developer then described permitting and construction as future commitments rather than completed work.
  • DELIVERY DELAY Reported July 4, 2023; site described as vacant at that time As reported on July 4, 2023, the approved 92-unit condominium site at 1350 South Ocean Boulevard in Pompano Beach had remained vacant since approval in 2015; the developer attributed the wait to timing the market and said a future launch was expected, so this supports prolonged non-delivery but not abandonment.
  • 2 more in Risk & Sources
Record status
active
Company sources
148 source entries across 148 fields
Projects tracked
10 · 9 completed in assessment
All flags and sources →

Track Record

Delivery record

4 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
+4.5 mo
the middle of 4 scored projects
Average delay
+5.6 mo
the same projects, pulled by the worst
Average time to deliver
2.9 yrs
start to completion, over 4 delivered projects
Worst slip
+13.0 mo
The Crosby Miami Worldcenter · +12.0 to +14.0
2
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

4 date-assessed here · 239 developers, 891 date-assessed projects in United States
Median delay
Merrimac Ventures·239 developers in United States
+4.5 mo vs +4.5 mo
this developer is level
The typical project on each side.
Average delay
Merrimac Ventures·239 developers in United States
+5.6 mo vs +7.6 mo
this developer 2.0 mo better
Both pulled by their worst few.
On time
Merrimac Ventures·239 developers in United States
50% vs 55%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Merrimac Ventures·239 developers in United States
2.9 yrs vs 2.9 yrs
this developer is level
Start to completion, over 4 delivered here and 732 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

9 of 9 projects dated · 5 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Miami, United States
Plantation, United States
Dania Beach, United States
Fort Lauderdale, United States
Pompano Beach, United States
201620172018201920202021202220232024202520262027todayMIAMI, UNITED STATES+13 moverified+79 moestimated+8.5 moestimated+8 moverifiedPLANTATION, UNITED STATES+0.5 moverifiedDANIA BEACH, UNITED STATES+1 moverifiedFORT LAUDERDALE, UNITED STATEScompleted, no target published+4.5 moestimatedPOMPANO BEACH, UNITED STATESdates under review
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 3 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

9 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.7/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
6.8/ 10
Fabric, services, waterproofing, envelope · from 7 of 9 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 9 of 9 rated buildings

Against other developers

9 rated here · 258 developers, 1332 rated buildings in United States
Overall rating
Merrimac Ventures · 258 other developers in United States
7.7 vs 7.8
this developer 0.1 worse
The weighted verdict on each side. From 9 of 9 rated buildings here and 1332 in the market.
Structure & systems
Merrimac Ventures · 258 other developers in United States
6.8 vs 6.9
this developer 0.1 worse
Fabric and engineering only — fixed at handover. From 7 of 9 rated buildings here and 558 in the market.
Management & living
Merrimac Ventures · 258 other developers in United States
7.5 vs 7.4
this developer 0.1 better
Upkeep and response — belongs to whoever runs the building now. From 9 of 9 rated buildings here and 1281 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

9 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Broadstone OceansidePompano Beach211 units
9.0/ 10
8.1/ 10
8.9/ 10

Apartments.com supplies the largest qualifying published review base, with a 4.7/5 overall building rating from 43 renter reviews, converting to an approximately 9.1/10 anchor. The score is moderated by repeated resident complaints about security/package handling, emergency response, cleanliness and condition, while recurring praise for the amenities, staff, maintenance and waterfront community limits the reduction.

+ Well-maintained building+ Clean property reported by many residents+ Modern building design+ Quiet community reported by residents
− Thin walls and sound transmission− Reports of declining property condition− Common-area carpet cleanliness problems− Trash and discarded furniture in common areas
+ Waterfront/beach access+ Extensive resort-style amenities+ Professional and friendly staff+ Responsive maintenance reported by some residents+ Welcoming neighbors and community
− Package-room and security concerns− Unresponsive emergency follow-up− Common-area cleanliness complaints− High rent and rent increases− Non-residents accessing facilities reported

Residents commonly describe the building as “very well maintained,” “beautiful,” and quiet, while another reports that “the walls [are] so thin” that conversations and constant child noise are audible. Other reviews describe an “ongoing decline in the property's condition,” rarely cleaned common-area carpet and trash/furniture left in shared areas; these are resident observations rather than an engineering inspection.

Residents praise the location, amenities and staff: one says the community feels like “living on vacation,” while another calls maintenance “outstanding” and management “very professional and friendly.” Countervailing reviews report missing packages, non-working cameras and outsiders using facilities; another says emergency calls were not answered and that “communication and follow up is horrible.”

Leena PlantationMidtown Business District, Plantation306 units
8.8/ 10
—/ 10
8.8/ 10

Google Reviews/Maps provides the anchor at 4.5/5 from 215 reviews, which converts to 8.5/10 under the specified curve. The written sample was mostly positive about staff and property condition, with one strongly negative resident account; no recurring complaint theme was established from the reviews read, while two recurring praise themes supported a modest upward adjustment.

+ Responsive maintenance staff+ Professional leasing staff+ Welcoming move-in process+ Clean and quiet property reported+ Extensive amenities
− Noise and thin-wall complaint− Elevator dog-accident complaint− Slow internet complaint− Multiple-fee complaint− Parking-garage odor complaint

no notes returned

no links returned

Daily-life feedback is predominantly positive: residents described maintenance as “fast and efficiently” completed, and leasing staff as “professional, responsive, and incredibly helpful.” One negative resident account reported “paper thin walls,” loud neighbours, dog accidents in elevators, slow internet, many added fees and a parking garage that “smells like a dump yard.”

Four Seasons Hotel and Residences Fort LauderdaleFort Lauderdale189 units
8.7/ 10
8.7/ 10
8.7/ 10

Google's 4.6/5 aggregate is the largest review base and converts to 8.7/10 under the supplied curve, so it sets the level. Tripadvisor is close at 4.5/5, while Expedia is 9.4/10; recurring positives and negatives offset in the commentary adjustment. The evidence is guest-heavy and therefore weaker evidence about a resident's year-round experience, and no separate building-fabric rating was published.

+ Modern, spotless rooms+ Functional showers, lighting and air conditioning+ Meticulous grounds maintenance+ Spacious rooms and bathrooms
− Reported bathroom plumbing response delay− Noise from delivery trucks and exterior air-conditioning units
+ Friendly staff+ Attentive beach service+ Strong housekeeping+ Beach access+ Spa, pools and dining amenities
− Delayed/inconsistent service− Noise on some rooms or balconies− Small pools− Busy-road beach crossing− High dining prices

Reviewers generally describe the rooms as “modern, spotless and spacious,” and one Tripadvisor reviewer said the shower, lights and AC were “all functional.” Physical upkeep was also praised as “meticulously maintained,” although another reviewer reported a bathroom plumbing problem and waited about 90 minutes after repeated calls before help arrived; this is a serious individual report, not evidence of a recurring building-wide failure.

Daily-life feedback is mostly very positive: guests describe staff as “super kind,” beach service as “exceptional,” and the property as offering “pools, beach access and service, bars, spa, restaurants, views, and a great location.” The counterevidence is specific rather than universal: one reviewer reported repeated delays for a plumbing call and housekeeping, while others cited delivery/AC noise, small pools, the street crossing to the beach and expensive dining.

Riverbend Self StorageFort Lauderdale970 units
8.7/ 10
7.5/ 10
8.7/ 10

The current listing at 2401 W Broward Boulevard—Riverbend’s documented address and now operating under the Prime Storage name—publishes 4.7/5 from 606 reviews, setting a 9.1 converted anchor. The reported operational negatives justify a moderate downward adjustment, while repeated staff and cleanliness praise offsets part of it; the evidence supports 8.7 overall, with structure scored more cautiously because the published material is not an engineering assessment.

+ Clean and well-maintained facility+ Temperature-controlled storage advertised at opening
− Reported bathroom overflow near elevators
+ Friendly, helpful staff+ Professional on-site team+ Quick rental and move-in process+ Clean facility+ Secure and well-run, according to one reviewer
− Reported unsafe entrance environment− People reportedly lingering or sleeping outside− Frequent rent increases− Confusing access-hour signage− Billing/collection complaint

The current-location review set includes praise that the facility is “always clean and well-maintained,” while one May 2023 review reported that “the bathroom is overflowing into the hallway in front of both elevators.” Development material published in 2021 described 970 climate-controlled units and a four-story facility; that is an original project specification, not a current engineering inspection.

Positive reviews call the staff “professional, friendly” and say the rental process was “quick and painless”; another says the facility is clean, secure and well-run. Negative reviews describe an “unsafe environment,” people sleeping or congregating outside, repeated rent increases and confusing access signage, so the otherwise strong aggregate should be read with some operational caution.

Caoba Miami Worldcenter — original towerMiami Worldcenter, Miami444 units
7.6/ 10
6.8/ 10
RentCafe 4/5, 4/5 · 45 reviews · rentcafe.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.8.
6.8/ 10
RentCafe 4.5/5, 4/5, 3.5/5, 4.5/5, 3.5/5 · 45 reviews · rentcafe.com
Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.8.

RentCafe’s building-specific resident aggregate, 4.0/5 from 45 reviews, sets the anchor at 7.0/10 under the prescribed conversion. The smaller CorporateHousing.com result is 4.9/5 from 8 reviews and cannot anchor the score; the reported elevator outage and other operational complaints pull the result below the anchor, partly offset by repeated praise for staff, amenities and location.

+ Modern finishes+ Floor-to-ceiling windows and views+ In-unit washer/dryer
− Reported prolonged elevator outage− Repeated refrigerator failures− Repeated dishwasher failures
+ Friendly staff+ Welcoming hallway team+ Highly rated amenities+ Convenient downtown location+ Community events
− Lost move-in deposit− Lost packages− Online payment issues− Overpromising and under-delivering

The published building-specific feedback is mixed on systems: one March 2025 review says “elevators are down 24/7,” and reports that the refrigerator and dishwasher each failed more than ten times. Against that, the property is described as a 2019-built tower with modern finishes, floor-to-ceiling windows and in-unit laundry; no independent engineering or waterproofing assessment was found.

Residents praised the “friendly and helpful staff,” the gym, pool, views and downtown location; older Caoba reviews say people were “extra nice” and that the hallway staff made residents “feel special.” More recent feedback is less positive, including “lots of over promising and under delivering,” recurring online-payment problems, a misplaced $3,900 deposit and lost packages.

Miami Worldcenter RetailPark West, Miami
7.6/ 10
—/ 10
7.6/ 10

The Google-derived aggregate of 4.2/5 from 69 reviews sets the level and converts to 7.6/10 on the stated market curve. The reviewed commentary is mainly positive but does not establish a recurring severe or moderate operational problem, so no further adjustment is applied; no structural score is assigned because the published material reviewed did not report physical-system performance.

+ Attractive shops+ Well-maintained areas+ Modern atmosphere+ Diverse retail mix+ Family-friendly appeal
− Limited number of open shops− Parking cost

no notes returned

no links returned

Published visitor feedback describes the plaza and shopping area as “excellent,” with “very beautiful, well maintained” shops and areas; another reviewer said the site has a modern atmosphere and represents “what Miami is becoming.” The mixed observations were that “only a few shops are open” and that parking at the site can cost $8 per hour.

Paramount Miami WorldcenterDowntown Miami, Miami569 units
7.5/ 10
6.6/ 10
Brickell & Downtown Miami Living 3.9/5 · 9 reviews · brickelldowntownliving.com
Brickell & Downtown Miami Living publishes 3.9/5 from 9 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.6.
6.6/ 10
Brickell & Downtown Miami Living 3.9/5 · 9 reviews · brickelldowntownliving.com
Brickell & Downtown Miami Living publishes 3.9/5 from 9 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.6.

Google Reviews/Maps provides the largest building-specific review base at 4.1/5 from 288 reviews, which converts to 7.4/10 and sets the level. The smaller 3.9/5 resident-portal result is directionally consistent, while recurring praise and recurring operational complaints produce a modest net adjustment to 7.5/10. Structural scoring is null because the published material does not provide a resident structural rating separate from the overall evidence.

+ Well-maintained facility+ Clean common areas+ Amenities described as well maintained
− Four of six listed pools marked unsatisfactory− Five of six pool facilities marked unsatisfactory in the February 27, 2026 inspe
+ Extensive amenities+ Clean common areas+ Friendly professional staff+ Responsive management reported+ Welcoming community
− Management responsiveness complaints− Rude security complaint− Valet complaint− Alleged mishandled safety incident− Pet waste in common areas

Resident commentary describes the common areas as “very clean and well-maintained,” and another review calls the facility “well maintained.” Separately, the February 27, 2026 public-record inspection listing marked the Beach Pool, Level 56, Level 58, Spa 1 and Spa 2 “Unsatisfactory,” while Lap Pool A was “Satisfactory”; this is an inspection record rather than a resident review.

Residents praise the building as having “more amenities than you can imagine,” with common spaces that feel “like a private resort,” and one owner says staff are “professional, attentive, and friendly.” The negative reviews are materially less consistent: one calls management “super awful,” another reports a “nasty attitude” from staff, and another says a security incident was met with “no meaningful steps”; these are individual reports, not findings independently verified here.

The Crosby Miami WorldcenterDowntown Miami, Miami450 units
6.2/ 10
6.4/ 10
Trip.com 8.2/10 · 101 reviews · ca.trip.com
Trip.com publishes 8.2/10 from 101 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.4.
6.4/ 10
Trip.com 8.2/10 · 101 reviews · ca.trip.com
Trip.com publishes 8.2/10 from 101 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.4.

Expedia’s 8.2/10 rating from 215 guest reviews is the largest review base and sets the level; under the guest-rating curve it converts to 6.4/10. The score is tempered by repeated construction, service, access, fee and maintenance complaints, partly offset by repeated praise for rooms, amenities, staff and location. Structure is scored separately from the reported physical-condition evidence, while the overall resident-living score is 6.2/10.

+ Clean rooms+ Modern finishes+ Well-equipped kitchens+ Comfortable beds+ Working hot water and air conditioning reported
− HVAC failures reported− Refrigerator/freezer failure reported− TV and appliance failures reported− Unfinished balcony and closet details− Construction-related noise and obstructed views
+ Helpful staff reported+ Rooftop pool and gym praised+ Coworking and gaming spaces praised+ Central walkable location+ In-room laundry appreciated
− Construction disruption− Front-desk inconsistency− Undisclosed or disputed fees− Key-fob and elevator access frustrations− Pool or sauna closures reported

Reviews describe the apartments as “clean, modern, and well equipped,” and one guest praised the “large shower and comfortable beds.” The physical evidence is not uniformly positive: another review says “The AC didn’t work, the fridge/freezer did not work,” while others mention construction noise, an unfinished balcony and incomplete details; Trip.com also records reports of AC, TV and appliance problems.

Guests praise the “best hotel gym,” pool, movie lounge and coworking spaces, and several reviews call staff friendly, professional or accommodating. The daily experience is uneven: reviewers describe “neverending construction,” unreliable internet and a front desk that “doesn't have a lot of answers,” alongside complaints about rude check-in, disputed fees, limited key-fob access and temporarily closed amenities.

Soleste SeaSidedowntown Dania Beach, Dania Beach340 units
5.2/ 10
3.5/ 10
4.6/ 10
Yelp (as displayed in Apple Maps) 53/100 · 17 reviews · maps.apple.com
Yelp (as displayed in Apple Maps) 45/100 · 22 reviews · maps.apple.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 4.6.

The largest applicable resident review aggregate located was the Apple Maps display of Yelp’s 57% overall rating from 21 ratings, treated as the anchor and converted to 4.0/10 under the requested market-style curve. Repeated reports of security failures, leaks, elevator and garage problems, exposed packages and ineffective maintenance materially reduce that level, while repeated praise for leasing staff, cleanliness and resident programming provides a smaller offset. The evidence is mixed and partly drawn from review aggregators; the 2023 completion report is an original completion record, not a current resident assessment.

+ New building+ Modern apartments+ Many amenities
− Recurring elevator failures− Garage-door malfunctions− Stairway leaks− Reported pest problems
+ Responsive leasing staff+ Friendly staff+ Resident events+ Well-kept common areas+ Modern amenities
− Security concerns− Package-room disorder− Slow maintenance resolution− Amenities sometimes closed− Poor building connectivity reported

Published resident feedback includes a positive description of the property as “new and clean” and praise for its modern apartments. However, other reviews report that “the elevators almost never work properly,” garage doors repeatedly malfunction, and “the stairways leak every time it rains”; these are resident reports rather than an engineering inspection, so the building-condition evidence remains uncertain.

Positive reviews call the staff “very friendly,” describe Lisa as “amazing,” and praise “well-organized resident events like pool parties and morning coffee.” Negative resident reports describe a “complete disaster” in package delivery, doors left open, amenities closed for weeks, and management that sends emails without delivering “lasting, effective solutions.”

Only buildings that have reached handover are rated. 0 of 9 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
MERRIMAC VENTURES, L.C.
Headquarters
17 NE 4th ST, Fort Lauderdale, United States
33301
Founded
late 70’s
St. Charles, MO, United States
Entity type
PRIVATE
Revenue
USD 7 million
2026
Business model
offplan for sale, build to rent, commercial, mixed use

Partners

11 partners
Related Group
joint venture

Related Group and Merrimac Ventures are partnering to develop a project at Miami Worldcenter.

Hilton
operator

Leading real estate developers Related Group (Related) and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), today celebrated the groundbreaking for Waldorf Astoria Residences Pompano Beach (The Residences).

Fort Partners
joint venture

Four Seasons, together with longtime collaborators and developers Fort Partners and real estate development firm Merrimac Ventures, announce the upcoming Four Seasons Resort and Residences Telluride.

Telluride Ski & Golf (TellSki)
partner

This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki).

Town of Mountain Village
government partner

This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki), the Town of Mountain Village, and TMVOA.

TMVOA
partner

This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki), the Town of Mountain Village, and TMVOA.

BH3 Management
joint venture

In another major project, Merrimac, alongside BH3 Management, purchased the 75-year ground lease for a 10.8-acre parcel on Watson Island from Flagstone Property Group.

Flagstone Property Group
landowner

Merrimac, alongside BH3 Management, purchased the 75-year ground lease for a 10.8-acre parcel on Watson Island from Flagstone Property Group.

Bank OZK
funder

The financing from Bank OZK will go toward building The Crosby, a 33-story development.

Southern Waters Capital
joint venture

Merrimac Ventures, in partnership with Southern Waters Capital, has secured US$62.5mn in construction financing.

ACORE CAPITAL
funder

Merrimac Ventures, in partnership with Southern Waters Capital, has secured US$62.5mn in construction financing from ACORE CAPITAL.

Sources: name

PRESSdate not shown in source

Related, Merrimac Partner on Miami Worldcenter Project

The Real Deal
Related Group and Merrimac Ventures are partnering to develop a project at Miami Worldcenter.
value seen: Related Group
value paraphrased from this source
https://therealdeal.com/miami/2021/12/21/related-group-merrimac-jv-plans-miami-worldcenter-project-pays-12m-for-site/

Sources: name

PRESS2025-04-16

Related Group and Merrimac Ventures Break Ground on Waldorf Astoria Residences Pompano Beach

Hilton
Leading real estate developers Related Group (Related) and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), today celebrated the groundbreaking for Waldorf Astoria Residences Pompano Beach (The Residences).
value seen: Hilton
value paraphrased from this source
https://stories.hilton.com/releases/related-group-merrimac-ventures-break-ground-on-waldorf-astoria-residences-pompano-beach

Sources: name

PRESS2026-05-12

Leena Ocala Secures US$62.5mn Construction Financing as Merrimac Ventures Breaks Ground in Florida

Construction Review Online
Merrimac Ventures, in partnership with Southern Waters Capital, has secured US$62.5mn in construction financing from ACORE CAPITAL.
value seen: ACORE CAPITAL
value paraphrased from this source
https://constructionreviewonline.com/leena-ocala-secures-us62-5mn-construction-financing-as-merrimac-ventures-breaks-ground-in-florida/

Sources: name

PRESS2025-09-30

Four Seasons, Fort Partners and Merrimac Ventures to Open Luxury Resort and Residences in Telluride's Mountain Village

Four Seasons Hotels, Resorts · carried by prnewswire.com
Four Seasons, together with longtime collaborators and developers Fort Partners and real estate development firm Merrimac Ventures, announce the upcoming Four Seasons Resort and Residences Telluride.
value seen: Fort Partners
value paraphrased from this source
https://www.prnewswire.com/news-releases/four-seasons-fort-partners-and-merrimac-ventures-to-open-luxury-resort-and-residences-in-tellurides-mountain-village-302569595.html

Sources: name

PRESS2025-09-30

Four Seasons, Fort Partners and Merrimac Ventures to Open Luxury Resort and Residences in Telluride's Mountain Village

Four Seasons Hotels, Resorts · carried by prnewswire.com
This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki).
value seen: Telluride Ski & Golf (TellSki)
value paraphrased from this source
https://www.prnewswire.com/news-releases/four-seasons-fort-partners-and-merrimac-ventures-to-open-luxury-resort-and-residences-in-tellurides-mountain-village-302569595.html

Sources: name

PRESS2025-09-30

Four Seasons, Fort Partners and Merrimac Ventures to Open Luxury Resort and Residences in Telluride's Mountain Village

Four Seasons Hotels, Resorts · carried by prnewswire.com
This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki), the Town of Mountain Village, and TMVOA.
value seen: Town of Mountain Village
value paraphrased from this source
https://www.prnewswire.com/news-releases/four-seasons-fort-partners-and-merrimac-ventures-to-open-luxury-resort-and-residences-in-tellurides-mountain-village-302569595.html

Sources: name

PRESS2025-09-30

Four Seasons, Fort Partners and Merrimac Ventures to Open Luxury Resort and Residences in Telluride's Mountain Village

Four Seasons Hotels, Resorts · carried by prnewswire.com
This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki), the Town of Mountain Village, and TMVOA.
value seen: TMVOA
value paraphrased from this source
https://www.prnewswire.com/news-releases/four-seasons-fort-partners-and-merrimac-ventures-to-open-luxury-resort-and-residences-in-tellurides-mountain-village-302569595.html

Sources: name

PRESS2023-05-03

Related, Merrimac Nab $94M Loan For Miami Worldcenter Project

The Real Deal
In another major project, Merrimac, alongside BH3 Management, purchased the 75-year ground lease for a 10.8-acre parcel on Watson Island from Flagstone Property Group.
value seen: BH3 Management
value paraphrased from this source
https://therealdeal.com/miami/2023/05/03/related-merrimac-score-94m-construction-loan-for-miami-worldcenter-project/

Sources: name

PRESS2023-05-03

Related, Merrimac Nab $94M Loan For Miami Worldcenter Project

The Real Deal
Merrimac, alongside BH3 Management, purchased the 75-year ground lease for a 10.8-acre parcel on Watson Island from Flagstone Property Group.
value seen: Flagstone Property Group
value paraphrased from this source
https://therealdeal.com/miami/2023/05/03/related-merrimac-score-94m-construction-loan-for-miami-worldcenter-project/

Sources: name

PRESS2023-05-03

Related, Merrimac Nab $94M Loan For Miami Worldcenter Project

The Real Deal
The financing from Bank OZK will go toward building The Crosby, a 33-story development.
value seen: Bank OZK
value paraphrased from this source
https://therealdeal.com/miami/2023/05/03/related-merrimac-score-94m-construction-loan-for-miami-worldcenter-project/

Sources: name

PRESS2026-05-12

Leena Ocala Secures US$62.5mn Construction Financing as Merrimac Ventures Breaks Ground in Florida

Construction Review Online
Merrimac Ventures, in partnership with Southern Waters Capital, has secured US$62.5mn in construction financing.
value seen: Southern Waters Capital
value paraphrased from this source
https://constructionreviewonline.com/leena-ocala-secures-us62-5mn-construction-financing-as-merrimac-ventures-breaks-ground-in-florida/

Registrations & licences

COMPANY NUMBERL00000009534
Florida Department of State, Division of Corporations · US · ACTIVE
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 9 projects tracked

What they build

7 types
Residential, for rent4 of 9
Mixed use4 of 9
Retail3 of 9
Residential, for sale2 of 9
Hotel residences1 of 9
Hotel1 of 9
Other1 of 9
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
RM
Ramola Motwani
Chairwoman of Merrimac Ventures, where she sets long-term goals and vision and advises new projects through development. She took over the family business after her husband’s death and helped transform the family’s Fort Lauderdale motel holdings into major hospitality and real-estate projects.
Current title
Chairwoman
Experience
no career length stated
Companies before
none sourced
Education
Jai Hind Collegeundergraduate degree in economics
Government Law College, MumbaiJ.D.
Other boards
Cleveland Clinic Weston Board of TrusteesBoard of Directors, Alliance of Global Sindhi AssociationsTreasurer, Global Sindhi Foundation
Known for
ChairwomanFort Lauderdale real estateHospitality leader
https://www.linkedin.com/in/ramola-motwani-0908087a
We believed in our dream. We believed in the destination. We believed in the beach. Miami Herald 2020-02-03https://www.miamiherald.com/news/business/tourism-cruises/article238195644.html

Sources: education

OTHERdate not shown in source

Ramola Ramesh Motwani

Horatio Alger
Motwani attended Jai Hind College in Mumbai... She earned her undergraduate degree in economics.
value seen: Jai Hind College; undergraduate degree in economics
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://horatioalger.org/members/detail/ramola-ramesh-motwani/

Sources: education

OTHERdate not shown in source

Ramola Ramesh Motwani

Horatio Alger
...gaining her J.D. from Government Law College in Mumbai.
value seen: Government Law College, Mumbai; J.D.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://horatioalger.org/members/detail/ramola-ramesh-motwani/

Sources: full name

SOCIALdate not shown in source

Ramola Motwani

LinkedIn
Ramola Motwani is Chairwoman of Merrimac Ventures.
value seen: Ramola Motwani
https://www.linkedin.com/in/ramola-motwani-0908087a

Sources: linkedin page

SOCIALdate not shown in source

Ramola Motwani

LinkedIn
Chairwoman at Merrimac Ventures
value seen: https://www.linkedin.com/in/ramola-motwani-0908087a
https://www.linkedin.com/in/ramola-motwani-0908087a

Sources: other boards

OTHERdate not shown in source

Ramola Motwani

Indiaspora
Cleveland Clinic Weston Board of Trustees.
value seen: Cleveland Clinic Weston Board of Trustees
value paraphrased from this source
https://indiaspora.org/members/ramola-motwani/

Sources: other boards

OTHERdate not shown in source

Ramola Motwani

Indiaspora
Board of Directors, Alliance of Global Sindhi Associations.
value seen: Board of Directors, Alliance of Global Sindhi Associations
value paraphrased from this source
https://indiaspora.org/members/ramola-motwani/

Sources: other boards

OTHERdate not shown in source

Ramola Motwani

Indiaspora
Treasurer, Global Sindhi Foundation.
value seen: Treasurer, Global Sindhi Foundation
value paraphrased from this source
https://indiaspora.org/members/ramola-motwani/

Sources: quote

PRESSdate not shown in source

Ramola Motwani transformed Fort Lauderdale beach

Miami Herald
“We believed in our dream. We believed in the destination. We believed in the beach,” Ramola said.
value seen: We believed in our dream. We believed in the destination. We believed in the beach.
https://www.miamiherald.com/news/business/tourism-cruises/article238195644.html

Sources: summary

PRESSdate not shown in source

Ramola Motwani transformed Fort Lauderdale beach

Miami Herald
Ramola serves as chairwoman of Merrimac Ventures, where she oversees the company’s business strategy and advises new projects through the development process.
value seen: Chairwoman of Merrimac Ventures, where she sets long-term goals and vision and advises new projects through development.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.miamiherald.com/news/business/tourism-cruises/article238195644.html

Sources: tags

PRESSdate not shown in source

The Closing: Ramola Motwani

The Real Deal
For years, Nitin and Dev Motwani have been the talking heads (and managing partners) of their family company, Merrimac Ventures.
value seen: Chairwoman
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://therealdeal.com/magazine/february-2025/the-closing-ramola-motwani/

Sources: tags

OTHERdate not shown in source

Ramola Ramesh Motwani

Horatio Alger
She became a major force in the transformation of Fort Lauderdale.
value seen: Fort Lauderdale real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://horatioalger.org/members/detail/ramola-ramesh-motwani/

Sources: tags

OTHERdate not shown in source

Ramola Ramesh Motwani

Horatio Alger
Today, Merrimac Ventures is a real estate investment and development firm whose primary focus is on prime resort and mixed-use development.
value seen: Hospitality leader
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://horatioalger.org/members/detail/ramola-ramesh-motwani/

Sources: title

SOCIALdate not shown in source

Ramola Motwani

LinkedIn
Ramola Motwani is Chairwoman of Merrimac Ventures.
value seen: Chairwoman
https://www.linkedin.com/in/ramola-motwani-0908087a
DM
Dev Motwani
Co-Managing Partner of Merrimac Ventures and a family-business principal involved in development and investment strategy. His track record includes leading South Florida and national hospitality, residential and mixed-use projects; earlier he worked at Credit Suisse before joining the family platform.
Current title
Co-Managing Partner
since Jan 2006 - Present
Experience
no career length stated
Companies before
Credit Suisse
Education
Duke UniversityBS Economics and Public Policy
Columbia University Graduate School of Architecture, Planning & PreservationMSC in Real Estate Development
Other boards
none sourced
Known for
Co-Managing Partnerex-Credit SuisseColumbia MS real estate
Work email: Dev@merrimacventures.com1 Email
https://linkedin.com/in/dev-motwani-351b229
We’re long-term thinking in nature. Capital Analytics Associates 2025-04-07https://capitalanalyticsassociates.com/dev-motwani-managing-partner-merrimac-ventures/

Sources: education

SOCIALdate not shown in source

Dev Motwani

LinkedIn
Duke University; BS Economics and Public Policy
value seen: Duke University; BS Economics and Public Policy
value paraphrased from this source
https://linkedin.com/in/dev-motwani-351b229

Sources: education

SOCIALdate not shown in source

Dev Motwani

LinkedIn
Columbia University Graduate School of Architecture, Planning & Preservation; MSC in Real Estate Development
value seen: Columbia University Graduate School of Architecture, Planning & Preservation; MSC in Real Estate Development
value paraphrased from this source
https://linkedin.com/in/dev-motwani-351b229

Sources: email

PRESSdate not shown in source

Dev Motwani

Florida Design and Construction Professionals
Dev@merrimacventures.com
value seen: Dev@merrimacventures.com
https://floridadesignandconstructionprofessionals.starchapter.com/meetinginfo.php?id=53&ts=1671655011

Sources: full name

SOCIALdate not shown in source

Dev Motwani

Dev Motwani · carried by linkedin.com
#Dev Motwani
value seen: Dev Motwani
value paraphrased from this source
https://linkedin.com/in/dev-motwani-351b229

Sources: linkedin page

SOCIALdate not shown in source

Dev Motwani

Merrimac Ventures · carried by linkedin.com
Managing Partner at Merrimac Ventures
value seen: https://linkedin.com/in/dev-motwani-351b229
https://linkedin.com/in/dev-motwani-351b229

Sources: previous companies

PRESSdate not shown in source

How Dev and Nitin Motwani Diversified Big-Time in South Florida

Commercial Observer
Nitin was at Goldman, I was at Credit Suisse
value seen: Credit Suisse
value paraphrased from this source
https://commercialobserver.com/2023/10/dev-nitin-motwani-south-florida-telluride/

Sources: quote

PRESSdate not shown in source

Dev Motwani, Managing Partner, Merrimac Ventures

Capital Analytics Associates
“We’re long-term thinking in nature.”
value seen: We’re long-term thinking in nature.
https://capitalanalyticsassociates.com/dev-motwani-managing-partner-merrimac-ventures/

Sources: since

SOCIALdate not shown in source

Dev Motwani

Merrimac Ventures · carried by linkedin.com
Managing Partner - Merrimac Ventures (Current) Jan 2006 - Present
value seen: Jan 2006 - Present
https://linkedin.com/in/dev-motwani-351b229

Sources: summary

PRESSdate not shown in source

Dev Motwani, Managing Partner, Merrimac Ventures

Capital Analytics Associates
Merrimac Ventures has such a long-term vision... “We’re long-term thinking in nature,” Managing Partner Dev Motwani told Invest:.
value seen: Co-Managing Partner of Merrimac Ventures and a family-business principal involved in development and investment strategy.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://capitalanalyticsassociates.com/dev-motwani-managing-partner-merrimac-ventures/

Sources: tags

SOCIALdate not shown in source

Dev Motwani

Merrimac Ventures · carried by linkedin.com
Merrimac Ventures Managing Partners Dev Motwani and Nitin Motwani
value seen: Co-Managing Partner
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/company/merrimac-ventures

Sources: tags

PRESSdate not shown in source

Dev Motwani

Commercial Observer
Nitin was at Goldman, I was at Credit Suisse
value seen: ex-Credit Suisse
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://commercialobserver.com/2023/10/dev-nitin-motwani-south-florida-telluride/

Sources: tags

SOCIALdate not shown in source

Dev Motwani

LinkedIn
MSC Real Estate Development at Columbia University
value seen: Columbia MS real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/dev-motwani-351b229

Sources: title

SOCIALdate not shown in source

Dev Motwani

Merrimac Ventures · carried by linkedin.com
Merrimac Ventures Managing Partners Dev Motwani and Nitin Motwani
value seen: Co-Managing Partner
held out of the figures · the quote does not carry this value
https://www.linkedin.com/company/merrimac-ventures
NM
Nitin Motwani
Co-Managing Partner responsible for acquisitions, development and capital markets at Merrimac Ventures, while also leading Miami Worldcenter Associates. His background combines Goldman Sachs equity-derivatives trading, private-equity real estate investing and large mixed-use development.
Current title
Co-Managing Partner
since Jun 2004 - Present
Experience
no career length stated
Companies before
Goldman SachsEncore Capital Management
Education
Duke UniversityBachelor’s degree in International Relations
Columbia UniversityMaster of Science in Real Estate Development
Other boards
Co-Chair, Give Miami Day Committee
Known for
Co-Managing Partnerex-Goldman SachsMiami Worldcenter leadColumbia MS real estate
https://www.linkedin.com/in/nitinmotwani
The idea of creating something that outlives you and helps with community building. Commercial Observer 2023-10-30https://commercialobserver.com/2023/10/dev-nitin-motwani-south-florida-telluride/

Sources: education

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Duke University; Bachelor’s degree in International Relations
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: education

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Columbia University; Master of Science in Real Estate Development
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: full name

SOCIALdate not shown in source

Nitin Motwani

Nitin Motwani · carried by linkedin.com
#Nitin Motwani
value seen: Nitin Motwani
value paraphrased from this source
https://www.linkedin.com/in/nitinmotwani

Sources: linkedin page

SOCIALdate not shown in source

Nitin Motwani

LinkedIn
Managing Partner at Merrimac Ventures
value seen: https://www.linkedin.com/in/nitinmotwani
value paraphrased from this source
https://www.linkedin.com/in/nitinmotwani

Sources: other boards

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Co-Chair, Give Miami Day Committee
value seen: Co-Chair, Give Miami Day Committee
https://miamifoundation.org/profiles/nitin-motwani/

Sources: previous companies

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Early in his career, Mr. Motwani was an equity derivatives trader at Goldman Sachs in New York. Shortly thereafter, he was involved in the creation of Encore Capital Management.
value seen: Goldman Sachs
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: previous companies

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Early in his career, Mr. Motwani was an equity derivatives trader at Goldman Sachs in New York. Shortly thereafter, he was involved in the creation of Encore Capital Management.
value seen: Encore Capital Management
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: quote

PRESSdate not shown in source

How Dev and Nitin Motwani Diversified Big-Time in South Florida

Commercial Observer
The idea of creating something that outlives you and helps with community building.
value seen: The idea of creating something that outlives you and helps with community building.
https://commercialobserver.com/2023/10/dev-nitin-motwani-south-florida-telluride/

Sources: since

SOCIALdate not shown in source

Nitin Motwani

LinkedIn
Managing Partner - Merrimac Ventures (Current) Jun 2004 - Present
value seen: Jun 2004 - Present
value paraphrased from this source
https://www.linkedin.com/in/nitinmotwani

Sources: summary

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Nitin Motwani serves as Managing Partner of Merrimac Ventures and as Managing Partner of Miami Worldcenter Associates... involved in all aspects of acquisitions, development, and capital markets.
value seen: Co-Managing Partner responsible for acquisitions, development and capital markets at Merrimac Ventures, while also leading Miami Worldcenter Associates.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: tags

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Nitin Motwani serves as Managing Partner of Merrimac Ventures
value seen: Co-Managing Partner
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: tags

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Early in his career, Nitin Motwani was an equity derivatives trader at Goldman Sachs in New York.
value seen: ex-Goldman Sachs
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: tags

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Managing Partner of Miami Worldcenter Associates
value seen: Miami Worldcenter lead
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: tags

OTHERdate not shown in source

Nitin Motwani

The Miami Foundation
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Columbia MS real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: title

SOCIALdate not shown in source

Nitin Motwani

LinkedIn
Managing Partner at Merrimac Ventures
value seen: Co-Managing Partner
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/in/nitinmotwani
DR
Dale Reed
COO and Senior Vice President with operational responsibility across Merrimac’s development work and rental portfolio. He has overseen 38 luxury hotel and condominium projects and brings prior operating, technology, training and corporate-development experience.
Current title
Chief Operating Officer; Senior Vice President
Experience
no career length stated
Companies before
Y Group, LLCCrescent HeightsAmerica's Capital Partners
Education
University of MiamiMaster of Science in Marketing, Communication
University of MiamiBachelor of Arts
Other boards
Treasurer, Board of Directors, Miami-Dade Urban Debate League
Known for
COO38 projects overseenex-Crescent Heights
Work email: dale@merrimacventures.com1 Email
since Senior Vice President in 2014; subsequently promoted to Chief Operating Officer

Sources: education

DIRECTORYdate not shown in source

Dale Reed Email & Phone Number

RocketReach
Dale Reed holds a 1992 - 1994 Master of Science in Marketing, Communication @ University of Miami.
value seen: University of Miami; Master of Science in Marketing, Communication
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://rocketreach.co/dale-reed-email_50996058

Sources: education

DIRECTORYdate not shown in source

Dale Reed Email & Phone Number

RocketReach
Dale Reed holds a 1992 - 1994 Master of Science in Marketing, Communication @ University of Miami.
value seen: University of Miami; Bachelor of Arts
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://rocketreach.co/dale-reed-email_50996058

Sources: email

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Email: dale@merrimacventures.com
value seen: dale@merrimacventures.com
https://www.miamiudl.org/meet-the-team

Sources: full name

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale Reed, Board Member
value seen: Dale Reed
value paraphrased from this source
https://www.miamiudl.org/meet-the-team

Sources: other boards

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale serves as the Treasurer of the Board of Directors for the Miami-Dade Urban Debate League.
value seen: Treasurer, Board of Directors, Miami-Dade Urban Debate League
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.miamiudl.org/meet-the-team

Sources: previous companies

DIRECTORYdate not shown in source

Dale Reed Email & Phone Number

RocketReach
Y Group, LLC — prior employment listed for Dale Reed.
value seen: Y Group, LLC
value paraphrased from this source
https://rocketreach.co/dale-reed-email_50996058

Sources: previous companies

DIRECTORYdate not shown in source

Dale Reed Email & Phone Number

RocketReach
Crescent Heights — prior employment listed for Dale Reed.
value seen: Crescent Heights
value paraphrased from this source
https://rocketreach.co/dale-reed-email_50996058

Sources: previous companies

DIRECTORYdate not shown in source

Dale Reed Email & Phone Number

RocketReach
America's Capital Partners — prior employment listed for Dale Reed.
value seen: America's Capital Partners
value paraphrased from this source
https://rocketreach.co/dale-reed-email_50996058

Sources: since

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale joined Merrimac Ventures as Senior Vice President in 2014... subsequently promoted to Chief Operating Officer.
value seen: Senior Vice President in 2014; subsequently promoted to Chief Operating Officer
value paraphrased from this source
https://www.miamiudl.org/meet-the-team

Sources: summary

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale has overseen high-profile, luxury hotel and condominium projects across the U.S. He has worked on thirty-eight projects spanning most of the major metropolitan markets.
value seen: COO and Senior Vice President with operational responsibility across Merrimac’s development work and rental portfolio. He has overseen 38 luxury hotel and condominium projects and brings prior operating, technology, training and corporate-development experience.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.miamiudl.org/meet-the-team

Sources: tags

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale has overseen high-profile, luxury hotel and condominium projects across the U.S. He has worked on thirty-eight projects spanning most of the major metropolitan markets.
value seen: COO
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.miamiudl.org/meet-the-team

Sources: tags

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale has overseen high-profile, luxury hotel and condominium projects across the U.S. He has worked on thirty-eight projects spanning most of the major metropolitan markets.
value seen: 38 projects overseen
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.miamiudl.org/meet-the-team

Sources: tags

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale has overseen high-profile, luxury hotel and condominium projects across the U.S. He has worked on thirty-eight projects spanning most of the major metropolitan markets.
value seen: ex-Crescent Heights
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.miamiudl.org/meet-the-team

Sources: title

OTHERdate not shown in source

Meet the Team

Miami-Dade Urban Debate League
Dale joined Merrimac Ventures as Senior Vice President in 2014... subsequently promoted to Chief Operating Officer.
value seen: Chief Operating Officer; Senior Vice President
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.miamiudl.org/meet-the-team
JP
Juan Pedro San Martin
Senior Vice President of Development, working on Merrimac’s development platform and major hospitality and mixed-use projects. He brings more than 20 years of development experience across the U.S., Dominican Republic and Caribbean, including prior work at Newgard Development Group and Grupo Puntacana.
Current title
Senior Vice President of Development
since Apr 2021 - Present
Experience
20+ years real estate
Companies before
Newgard Development GroupGrupo Puntacana
Education
University of Miami Business SchoolBBA in International Finance and International Marketing
Pontificia Universidad Católica Madre y MaestraPost Graduate, Corporate Finance
Universidad Tecnológico de MonterreyExecutive Management
Urban Land InstituteReal Estate Development
Other boards
Committee member, International Development Bank Compete Caribbean Awards selection process
Known for
Senior VP DevelopmentBBA International Finance
https://linkedin.com/in/juan-pedro-san-martin-a52b3a3
This project will be an exciting addition to one of America’s best ski destinations. Juan Pedro San Martin 2025-09-30https://www.linkedin.com/posts/juan-pedro-san-martin-a52b3a3_here-we-go-thrilled-to-be-partnering-with-activity-7378782304334401536-eKE1

Sources: education

OTHERdate not shown in source

Juan Pedro San Martin

Revere
BBA in International Finance and International Marketing at University of Miami Business School.
value seen: University of Miami Business School; BBA in International Finance and International Marketing
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: education

OTHERdate not shown in source

Juan Pedro San Martin

Revere
Post Graduate, Corporate Finance at Pontificia Universidad Católica Madre y Maestra.
value seen: Pontificia Universidad Católica Madre y Maestra; Post Graduate, Corporate Finance
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: education

OTHERdate not shown in source

Juan Pedro San Martin

Revere
Executive Management at Universidad Tecnológico de Monterrey.
value seen: Universidad Tecnológico de Monterrey; Executive Management
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: education

OTHERdate not shown in source

Juan Pedro San Martin

Revere
Real Estate Development at Urban Land Institute.
value seen: Urban Land Institute; Real Estate Development
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: full name

SOCIALdate not shown in source

Juan Pedro San Martin

Juan Pedro San Martin · carried by linkedin.com
#Juan Pedro San Martin
value seen: Juan Pedro San Martin
value paraphrased from this source
https://linkedin.com/in/juan-pedro-san-martin-a52b3a3

Sources: linkedin page

SOCIALdate not shown in source

Juan Pedro San Martin

LinkedIn
Senior Vice President of Development at Merrimac Ventures, L.C.
value seen: https://linkedin.com/in/juan-pedro-san-martin-a52b3a3
value paraphrased from this source
https://linkedin.com/in/juan-pedro-san-martin-a52b3a3

Sources: other boards

OTHERdate not shown in source

Juan Martin - Senior VP of Development - Merrimac Ventures

Revere
He has participated as a committee member for the International Development Bank’s Compete Caribbean Awards selection process.
value seen: Committee member, International Development Bank Compete Caribbean Awards selection process
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: previous companies

SOCIALdate not shown in source

Juan Pedro San Martin

LinkedIn
Previous roles include Senior Vice President of Development at Newgard Development Group, Vice President of Development at Newgard Development Group, and Commercial Projects Manager at Grupo Puntacana.
value seen: Newgard Development Group
value paraphrased from this source
https://linkedin.com/in/juan-pedro-san-martin-a52b3a3

Sources: previous companies

SOCIALdate not shown in source

Juan Pedro San Martin

LinkedIn
Previous roles include Senior Vice President of Development at Newgard Development Group, Vice President of Development at Newgard Development Group, and Commercial Projects Manager at Grupo Puntacana.
value seen: Grupo Puntacana
value paraphrased from this source
https://linkedin.com/in/juan-pedro-san-martin-a52b3a3

Sources: quote

SOCIALdate not shown in source

Here we go!! Thrilled to be partnering with Four Seasons and Fort Partners on this incredible project.

Juan Pedro San Martin · carried by linkedin.com
This project will be an exciting addition to one of America’s best ski destinations.
value seen: This project will be an exciting addition to one of America’s best ski destinations.
https://www.linkedin.com/posts/juan-pedro-san-martin-a52b3a3_here-we-go-thrilled-to-be-partnering-with-activity-7378782304334401536-eKE1

Sources: since

SOCIALdate not shown in source

Juan Pedro San Martin

LinkedIn
Senior Vice President of Development - Merrimac Ventures, L.C. (Current) Apr 2021 - Present
value seen: Apr 2021 - Present
value paraphrased from this source
https://linkedin.com/in/juan-pedro-san-martin-a52b3a3

Sources: summary

OTHERdate not shown in source

Juan Martin - Senior VP of Development - Merrimac Ventures

Revere
With over 20 years of experience, his resume boasts mixed use, retail, & commercial projects; land acquisitions; hotel & hospitality development.
value seen: Senior Vice President of Development, working on Merrimac’s development platform and major hospitality and mixed-use projects. He brings more than 20 years of development experience across the U.S., Dominican Republic and Caribbean, including prior work at Newgard Development Group and Grupo Puntacana.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: tags

OTHERdate not shown in source

Juan Martin - Senior VP of Development - Merrimac Ventures

Revere
With over 20 years of experience, his resume boasts mixed use, retail, & commercial projects; land acquisitions; hotel & hospitality development.
value seen: Senior VP Development
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: tags

OTHERdate not shown in source

Juan Martin - Senior VP of Development - Merrimac Ventures

Revere
With over 20 years of experience, his resume boasts mixed use, retail, & commercial projects; land acquisitions; hotel & hospitality development.
value seen: 20+ years real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: tags

OTHERdate not shown in source

Juan Martin - Senior VP of Development - Merrimac Ventures

Revere
With over 20 years of experience, his resume boasts mixed use, retail, & commercial projects; land acquisitions; hotel & hospitality development.
value seen: BBA International Finance
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/juan.martin

Sources: title

SOCIALdate not shown in source

Juan Pedro San Martin

LinkedIn
Senior Vice President of Development at Merrimac Ventures, L.C.
value seen: Senior Vice President of Development
value paraphrased from this source
https://linkedin.com/in/juan-pedro-san-martin-a52b3a3
KM
Kristina M. Schiraldi
Manager of Legal Affairs at Merrimac Ventures and the firm’s first person in that role, according to independent professional coverage. Her documented background is in legal affairs and paralegal practice, with an MBA focused on international business.
Current title
Manager of Legal Affairs
since Dec 2024 - Present
Experience
no career length stated
Companies before
none sourced
Education
Florida Atlantic UniversityMBA, specialization in international business
Other boards
Member, NALA Continuing Education Council
Known for
Manager of Legal AffairsMBANALA Continuing Education Council
https://linkedin.com/in/kristina-m-schiraldi-9a069962

Sources: education

OTHERdate not shown in source

August 2025 Volunteer Spotlight – Kristina M. Schiraldi, MBA, ACP, FRP

NALA
She has a strong academic foundation, including an MBA with a specialization in international business from Florida Atlantic University.
value seen: Florida Atlantic University; MBA, specialization in international business
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://nala.org/august-2025-volunteer-spotlight-kristina-m-schiraldi-mba-acp-frp/

Sources: full name

SOCIALdate not shown in source

Kristina M. Schiraldi

Kristina M. Schiraldi · carried by linkedin.com
#Kristina M. Schiraldi
value seen: Kristina M. Schiraldi
value paraphrased from this source
https://linkedin.com/in/kristina-m-schiraldi-9a069962

Sources: linkedin page

SOCIALdate not shown in source

Kristina M. Schiraldi

LinkedIn
Manager of Legal Affairs - Merrimac Ventures
value seen: https://linkedin.com/in/kristina-m-schiraldi-9a069962
value paraphrased from this source
https://linkedin.com/in/kristina-m-schiraldi-9a069962

Sources: other boards

OTHERdate not shown in source

August 2025 Volunteer Spotlight – Kristina M. Schiraldi, MBA, ACP, FRP

NALA
Kristina M. Schiraldi, MBA, ACP, FRP, is a member of NALA’s Continuing Education Council (CEC).
value seen: Member, NALA Continuing Education Council
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://nala.org/august-2025-volunteer-spotlight-kristina-m-schiraldi-mba-acp-frp/

Sources: since

SOCIALdate not shown in source

Kristina M. Schiraldi

LinkedIn
Manager of Legal Affairs - Merrimac Ventures, L.C. (Current) Dec 2024 - Present
value seen: Dec 2024 - Present
value paraphrased from this source
https://linkedin.com/in/kristina-m-schiraldi-9a069962

Sources: summary

OTHERdate not shown in source

August 2025 Volunteer Spotlight – Kristina M. Schiraldi, MBA, ACP, FRP

NALA
She works as the first Manager of Legal Affairs at Merrimac Ventures, a real estate investment and development company in Fort Lauderdale, Florida.
value seen: Manager of Legal Affairs at Merrimac Ventures and the firm’s first person in that role, according to independent professional coverage. Her documented background is in legal affairs and paralegal practice, with an MBA focused on international business.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://nala.org/august-2025-volunteer-spotlight-kristina-m-schiraldi-mba-acp-frp/

Sources: tags

OTHERdate not shown in source

August 2025 Volunteer Spotlight – Kristina M. Schiraldi, MBA, ACP, FRP

NALA
Kristina M. Schiraldi, MBA, ACP, FRP, is a member of NALA’s Continuing Education Council (CEC).
value seen: Manager of Legal Affairs
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://nala.org/august-2025-volunteer-spotlight-kristina-m-schiraldi-mba-acp-frp/

Sources: tags

OTHERdate not shown in source

August 2025 Volunteer Spotlight – Kristina M. Schiraldi, MBA, ACP, FRP

NALA
Kristina M. Schiraldi, MBA, ACP, FRP, is a member of NALA’s Continuing Education Council (CEC).
value seen: MBA
value paraphrased from this source
https://nala.org/august-2025-volunteer-spotlight-kristina-m-schiraldi-mba-acp-frp/

Sources: tags

OTHERdate not shown in source

August 2025 Volunteer Spotlight – Kristina M. Schiraldi, MBA, ACP, FRP

NALA
Kristina M. Schiraldi, MBA, ACP, FRP, is a member of NALA’s Continuing Education Council (CEC).
value seen: NALA Continuing Education Council
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://nala.org/august-2025-volunteer-spotlight-kristina-m-schiraldi-mba-acp-frp/

Sources: title

SOCIALdate not shown in source

Kristina M. Schiraldi

LinkedIn
Manager of Legal Affairs - Merrimac Ventures
value seen: Manager of Legal Affairs
value paraphrased from this source
https://linkedin.com/in/kristina-m-schiraldi-9a069962

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

1 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

9 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
The Crosby Miami WorldcenterMiami, United States
Downtown Miami
residential for sale4501————2022March 18, 2022Jan 2025 – Mar 2025Mar 2026+13.0 mo
(+12.0 to +14.0)
sourcedcompleted
Miami Worldcenter RetailMiami, United States
Park West
retail——300,000 sq ft——2016March 3, 2016Sep 2018 – Nov 2018May 2025+79.0 mo
(+78.0 to +80.0)
estimatedcompleted
Leena PlantationPlantation, United States
Midtown Business District
residential for rent3061six-story293,945 sq ftUSD 90m
estimated cost
—2021September 28, 2021Jan 2023 – Dec 2023Jul 2023+0.5 mo
(−5.0 to +6.0)
sourcedcompleted
Soleste SeaSideDania Beach, United States
downtown Dania Beach
residential for rent, retail, mixed use3401eight (8) story———2021Spring 2021Feb 2023Mar 2023+1.0 mo
(+1.0 to +1.0)
sourcedcompleted
Four Seasons Hotel and Residences Fort LauderdaleFort Lauderdale, United States
hotel residences, hotel189122-storey———2021Nov. 23, 2021—Mar 2022—not scorablecompleted
Riverbend Self StorageFort Lauderdale, United States
mixed use, other97014130,852 sq ftUSD 10.4m
construction loan
———Sep 2020 – Dec 2020Mar 2021+4.5 mo
(+3.0 to +6.0)
estimatedcompleted
Broadstone OceansidePompano Beach, United States
residential for rent21118———2016Aug 3, 2016Sep 2019 – Dec 2019Oct 2019dates under reviewdates under reviewcompleted
Caoba Miami Worldcenter — original towerMiami, United States
Miami Worldcenter
residential for rent, mixed use444143-story———2019January 16, 2019Sep 2018 – Nov 2018Jan 2019 – Dec 2019+8.5 mo
(+2.0 to +15.0)
estimatedcompleted
Paramount Miami WorldcenterMiami, United States
Downtown Miami
residential for sale, retail, mixed use569158 stories———2016AprilSep 2018 – Dec 2018Jan 2019 – Dec 2019+8.0 mo
(+1.0 to +15.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

No documented awards or recognitions in the sources reviewed.

Risks

Risk flags

5 found
DELIVERY DELAY Reported October 17, 2025
As reported on October 17, 2025, progress on the first tower of Merrimac Ventures’ 317 N Federal Highway development was described as indefinitely stalled; the report said the reasons for the delay were unclear. This is a reported status, not evidence of cancellation, and later project progress should not be inferred from the article alone.
DELIVERY DELAY Reported September 23, 2022; delay described as existing at that time
As reported on September 23, 2022, Merrimac Ventures said construction of its planned 530 North Birch Road condominium had been delayed by the COVID-19 pandemic and the slow Central Beach master-plan process; the developer then described permitting and construction as future commitments rather than completed work.
DELIVERY DELAY Reported July 4, 2023; site described as vacant at that time
As reported on July 4, 2023, the approved 92-unit condominium site at 1350 South Ocean Boulevard in Pompano Beach had remained vacant since approval in 2015; the developer attributed the wait to timing the market and said a future launch was expected, so this supports prolonged non-delivery but not abandonment.
DELIVERY DELAY 2025-10-17 (publication date; status reported as of that article)
317 N. Federal Highway, Fort Lauderdale: Floridian Development reported in October 2025 that progress on Merrimac Ventures’ first tower had been “indefinitely stalled”; the article said the reasons remained unclear. A separate May 2025 status report still described the overall two-tower project as under construction, so the evidence is mixed and does not establish abandonment or final non-delivery.
DELIVERY DELAY 2023-07-04 (publication date; vacancy reported at publication)
1350 S. Ocean Boulevard, Pompano Beach: a 2023 report said the condo site approved for Merrimac Ventures in 2015 had remained vacant and that Related Group had joined as co-developer; the report also described a proposed redesign and an expected sales launch, but no completion or cancellation is documented in the retrieved evidence. This is older, unresolved evidence rather than proof of current abandonment.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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