Fort Capital to roll out second project near Surf Club Four Seasons in Surfside

Miami /
Aug.August 24, 2016 08:45 AM

UPDATED August 25 3:54 p.m.: While Fort Partners finishes up the first portion of its Surf Club Four Seasons condo and hotel project in Surfside, the developer is already eyeing a second project nearby.

As first reported by the South Florida Business Journal, Fort Partners has submitted an application to redevelop the land directly north of Surf Club with an additional 54 condos.

The developer hopes to demolish the mid-century apartment building at 9133 Collins Avenue, eventually replacing it with an 11-story tower that would house 38 condos. Fort also wants to gut-renovate the historic Seaway Villas condominium, whose owners it bought out in bulk last year. Its 28 units would be pared down to 18 large two-bedroom residences.

Fort is closing in on a year-end 2016 delivery date for the Surf Club, which in its current state is a 9-acre development with two 12-story residential towers housing 150 condos, plus a hotel with 80 rooms. The project was designed by Richard Meier. Prices range between $3.4 million and $35 million, and so far 80 percent of the units have been sold, the developers have said.

The application will be heard by Surfside’s Planning and Zoning board Thursday. Fort and notable investors like Turkey’s Koç family purchased the Surf Club development site, formerly a storied social club of the same name, for $116 million in 2012.

Correction: A previous version of this article incorrectly identified the development entity as Fort Capital Management. It is actually Fort Partners. 


Related Articles

arrow_forward_ios
Nadim Ashi of Fort Partners with the hotel (Four Seasons, Fort)
Fort Partners buys Four Seasons Brickell hotel for $130M
Fort Partners buys Four Seasons Brickell hotel for $130M
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
Mary Anne Shula & the Four Seasons Residences at The Surf Club (Fort Partners, Getty)
Mary Anne Shula, Dolphins coach’s widow, sells Surfside condo for $12M
Mary Anne Shula, Dolphins coach’s widow, sells Surfside condo for $12M
Thompson Dean and The Four Seasons Residences at the Surf Club (9001 Collins Avenue, Surfside)
Private equity honcho sells oceanfront Surfside condo at a loss
Private equity honcho sells oceanfront Surfside condo at a loss
The Surf Club at 9001 Collins Ave. (Google Maps)
Apartment management firm pays $12M for second condo at Surf Club Four Seasons
Apartment management firm pays $12M for second condo at Surf Club Four Seasons
Antonio Sersale and Nadim Ashi, with Le Sirenuse at the Surf Club (Credit: Google Maps and Jacopo Raule/Getty Images)
Arrivederci: Le Sirenuse at The Surf Club shutters permanently due to coronavirus
Arrivederci: Le Sirenuse at The Surf Club shutters permanently due to coronavirus
Four Seasons Residences at The Surf Club with Tommy and Thalía Mottola (Credit: Craig Barritt/Getty Images)
Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo
Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo
arrow_forward_ios

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

Loading...