{"id":211561,"date":"2026-03-30T12:17:08","date_gmt":"2026-03-30T12:17:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/211561\/"},"modified":"2026-03-30T12:17:08","modified_gmt":"2026-03-30T12:17:08","slug":"merrimac-ventures-acquires-retail-and-office-assemblage-in-flagler-village-fort-lauderdale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/211561\/","title":{"rendered":"Merrimac Ventures Acquires Retail And Office Assemblage In Flagler Village, Fort Lauderdale"},"content":{"rendered":"<p>Merrimac Ventures has acquired a retail and office assemblage spanning 400, 416, 424, and 412-414 North Andrews Avenue in Fort Lauderdale\u2019s Flagler Village neighborhood. The South Florida-based investment and development firm\u2019s latest purchase totals 20,200 square feet of existing commercial space and was reported at $7.35 million, including $5.75 million for 400 North Andrews Avenue and $1.6 million for 412-414 North Andrews Avenue. \ufffc<\/p>\n<p>The portfolio is anchored by 400 North Andrews Avenue, a three-story, 16,200-square-foot office building formerly occupied by the Dan Marino Foundation. Property listings describe the structure as a plug-and-play institutional or office building in the heart of Fort Lauderdale\u2019s central business district. Retail space at 412-414 North Andrews Avenue adds another approximately 4,000 square feet to the assemblage. \ufffc<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38985\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/Dan-Marino-Campus.jpeg\" alt=\"\" width=\"2048\" height=\"1152\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Merrimac Ventures.<\/p>\n<p>\u201cThis assemblage represents a strategic step in our continued investment in Flagler Village, a neighborhood that is experiencing tremendous growth and transformation,\u201d said Dev Motwani, Co-Managing Partner of Merrimac Ventures. \u201cBy securing well-located properties along North Andrews Avenue, we are creating a meaningful position that allows us to thoughtfully plan for the future while activating the site in the near term.\u201d<\/p>\n<p>According to the announcement, Merrimac Ventures has already signed a 10,000-square-foot lease at 400 North Andrews Avenue with a private school, while Native Realty is handling leasing for the remaining space. Merrimac\u2019s corporate headquarters is located adjacent to the newly acquired properties, further consolidating the firm\u2019s presence in Flagler Village. The neighborhood continues to attract investment due to its proximity to downtown Fort Lauderdale, the Brightline station, and major planned developments including Hines\u2019 FAT Village.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38986\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/Dan-Marino-Interiors.jpeg\" alt=\"\" width=\"2048\" height=\"1361\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Merrimac Ventures.<\/p>\n<p>Merrimac Ventures is also advancing additional projects in the surrounding area, including ArtsPark Lofts, a 301-unit Opportunity Zone development in planning across from the assemblage, as well as a planned partnership for two residential towers totaling roughly 775 units. The firm also developed Truhome 2 Suites nearby, reflecting its growing footprint in one of Fort Lauderdale\u2019s fastest-changing urban districts.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Merrimac Ventures has acquired a retail and office assemblage spanning 400, 416, 424, and 412-414 North Andrews Avenue&hellip;\n","protected":false},"author":2,"featured_media":211562,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[249,251,250],"class_list":["post-211561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/211561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=211561"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/211561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/211562"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=211561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=211561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=211561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}