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
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
David MacNeil with Four Seasons Residences (Weather Tech, KD Prime Properties)
WeatherTech honcho buys condo at the Four Seasons Fort Lauderdale
WeatherTech honcho buys condo at the Four Seasons Fort Lauderdale
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
Nadim Ashi with Josh Zegen and the Four Seasons Residences Fort Lauderdale (Rich Stapleton, Fort Partners, LinkedIn)
Fort Partners pays off largest construction loan in Fort Lauderdale history
Fort Partners pays off largest construction loan in Fort Lauderdale history
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
arrow_forward_ios

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

Loading...