Fort Capital makes Miami property push

Miami /
Oct.October 29, 2012 03:00 PM

Nadim Achi, founder of Fort Capital Management, a equity firm with capital in Turkey, Brazil and Peru, is making a Miami push. According to the Miami Herald, Achi has snatched up some prime Miami properties, including the Mediterranean-style 1930s-era social club, Surf Club.

The 8.7-acre property with 815 feet of unobstructed oceanfront is located 9011 Collins Avenue in Surfside. Achi won the club memebers over in September with a $116 million acquisition plan that calls for construction of a 285-unit condominium hotel and luxury spa, a restaurant and a gourmet specialty food shop. 

“Miami is very, very attractive to international visitors and investors,” Achi, said. “We’re very bullish on Miami.”

Besides Surf Club, Fort Capital has recently acquired bought most of the Capri South Beach, repositioned the Miami Beach condominium. acquired the Strand restaurant in South Beach and nearby Pelican Parking garage. Earlier this year the firm purchase the Millennium at Bay Harbor condominium. [Miami Herald]Christopher Cameron


Related Articles

arrow_forward_ios
Surf Club Four Seasons (Four Seasons)
Penthouse at the Surf Club Four Seasons in Surfside trades for $29M
Penthouse at the Surf Club Four Seasons in Surfside trades for $29M
Mayor Shlomo Danzinger and a rendering of Fort Partners’ Hillcrest by the Sea (Facebook, iStock, rendering by O' Donnell Dannwolf & Partners Architects)
Town of Surfside sued after approving project next to aging condo building
Town of Surfside sued after approving project next to aging condo building
Miami Heat's Pat Riley with Surf Club Four Seasons (Surf Club, Getty)
Miami Heat’s Pat Riley scores a $23M Surf Club Four Seasons condo sale
Miami Heat’s Pat Riley scores a $23M Surf Club Four Seasons condo sale
Unit 6A at 3315 Collins Avenue with Arvind Sanger (Redfin, PrathamUSA)
Hedge funders make a deal: Faena House condo trades for $15.5M
Hedge funders make a deal: Faena House condo trades for $15.5M
6800 fisher Island Drive (Zillow, iStock)
$30M Fisher Island closing tops Miami-Dade’s weekly condo sales
$30M Fisher Island closing tops Miami-Dade’s weekly condo sales
Surf Club Four Seasons (Condo)
$14M Surf Club Four Seasons closing tops Miami-Dade’s weekly condo sales
$14M Surf Club Four Seasons closing tops Miami-Dade’s weekly condo sales
Lynda Carter and the Four Seasons Residences at The Surf Club (Getty, Four Season)
“Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
“Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
Tommy and Thalía Mottola and Four Seasons Residences at The Surf Club (Getty, Richard Meier & Partners Architects)
Thalía and Tommy Mottola flip Surf Club condo for $10M
Thalía and Tommy Mottola flip Surf Club condo for $10M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...