MIAMI—Is there really a difference between Fort Lauderdale and Miami condo buyers? Dev Motwani, president of Merrimac Ventures, thinks so.
Merrimac is teaming with Newgard Development Group to build the Gale Boutique Hotel & Residences. Gale Fort Lauderdale will occupy a group of buildings that formerly housed the Escape Hotel, which was designed in 1949 by Theo A. Meyer and Lester Avery. A complete renovation will see 96 hotel rooms and suites that incorporate design elements from Gale South Beach hotel. Gale opened in 2012 and received Hospitality Design magazine's Award for Best Hotel Renovation in 2013.
GlobeSt.com caught up with Motwani to discuss buyer profiles. He also shared his long-term vision for Fort Lauderdale Beach in part three of this exclusive interview series.
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