Real Estate Weekly
Image default
Residential

AMAC AND ROVR Development Announce Groundbreaking and Closing of a Construction Loan on a 180-Unit Multifamily Development in Hollywood, Florida Called Griffin 441

AMAC, a national real estate developer and investor, today announced the groundbreaking of their latest multifamily development in Hollywood, Florida called Griffin 441. The building is being developed by both AMAC and ROVR Development, a Miami-based real estate development firm, and is located at 4465 Griffin Road in Hollywood, Florida. The development comprises 180 units and is expected to be completed in Q2 2024. The firm simultaneously closed on a $41 million construction loan with Ocean Bank to develop the project. 

Griffin 441 is an eight-story development that will include 180 units offering a mix of studio to three-bedroom apartments, each equipped with modern features including stainless steel appliances, stone counters, in-unit washers and dryers and custom lighting and plumbing features. The building will offer its residents a suite of luxury amenities including a professional gym, pool and outdoor lounge, club room, social room, grilling areas, smart package center, parking garage, and private offices operated by Ora.

“We are excited to commence construction on Griffin 441 and to delivering a high-quality, new rental product to a rapidly-growing community that we have had our sights on for many years,” said Maurice Kaufman, Managing Principal at AMAC. “This project shows our continued commitment to making investments in South Florida, along with our trusted partners at ROVR.” 

Once completed, the building will further increase AMAC and ROVR’s presence in South Florida where they recently commenced construction on Arvella Apartments (FKA Aventura Park), a 290-unit luxury multifamily development at 17990 West Dixie Highway. Arvella Apartments is expected to be completed by Q1 of 2024. AMAC and ROVR also recently completed Biscayne 112, a 402-unit multifamily property located at 11200 Biscayne Boulevard.  

“This project demonstrates our commitment to building quality multifamily developments and creating much needed housing options for this market,” says Oscar Rodriguez, founding partner of ROVR Development. “We’re thrilled to be moving forward with construction and to be growing our relationship with AMAC.”

For more information about AMAC, visit the website at www.amacholdings.com   

Related posts

Court finds Loft Law doesn’t protect co-op shareholder from eviction 

REW

New Jersey multi-housing community secures $47.48M financing

REW

Age-restricted multi-housing community in Central New Jersey trades for $29.9M

REW