Fort Capital makes Miami property push
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