Developers launch sales for boutique condo project in Surfside

Developers hope to complete building by mid-year 2018

TRD MIAMI /
Oct.October 21, 2016 02:25 PM

The tiny town of Surfside is getting yet another condo development.

Developers Leonardo Ambard and Salvador Di Lodovico announced they’re launching sales for 88 Hundred Collins, a boutique luxury condo project across the street from Veterans Park.

Plans for the project, located at 8800 Collins Avenue, call for a four-story building with 28 luxury units ranging in price from $695,000 to just under $2 million. Residences sizes vary between one-bedroom lofts with 1,150 square feet and three-bedroom “sky homes” on the upper floors with 3,400 square feet, rooftop terraces and Jacuzzis.

Coldwell Banker’s Rosy Cancela will head marketing and sales for the project. Amenities include a pool, lounge, barbecue area, gym and yoga terrace. The building will also house 50 parking spaces for residents, according to a release.

The developers hope to break ground next year and wrap up construction by mid-year 2018.

County records show the developers have begun tearing down the property’s existing single-story condo buildings, which they bought in separate deals totaling $4.75 million between July 2014 and January of this year.

According to the announcement, Ambard previous developed a 368-unit condo-hotel in Doral, while Di Lodovico owns hotels in Italy and is the CEO of Aripgra, a Venezuelan construction company.

Surfside, once a sleepy town mostly made up of small apartment buildings and houses, has seen a wave of luxury development in recent years. Fort Partners is building the 9-acre Surf Club Four Seasons, the Chateau Group recently finished its luxury Fendi Chateau condo tower and other companies are mustling their way into development sites by bulk purchasing units in older condo buildings — Sean Stewart-Muniz


Related Articles

arrow_forward_ios
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
Alex Sapir, Arte in Surfside

Alex Sapir gets lender approval to rent out units at Surfside condo project

Alex Sapir gets lender approval to rent out units at Surfside condo project
Alex Sapir, Amir Richulsky, Gerard Guez and a rendering of Arte by Antonio Citterio

Alex Sapir’s business partner gets extension for Surfside condo, company names new CEO

Alex Sapir’s business partner gets extension for Surfside condo, company names new CEO
Fendi Chateau, Gary Rosenbach (Credit: Shawn Ehlers/WireImage/Getty Images)

Hedge funder pays $7M for Fendi Chateau condo in Surfside

Hedge funder pays $7M for Fendi Chateau condo in Surfside
Mandarin Oriental in Miami, Four Seasons at The Surf Club

Mandarin Oriental, Four Seasons at The Surf Club furlough 850 people

Mandarin Oriental, Four Seasons at The Surf Club furlough 850 people
Four Seasons Residences at The Surf Club

Kitchen supply company founder sells Surf Club condo for $5.5M

Kitchen supply company founder sells Surf Club condo for $5.5M
Jonathan Sobel and his units at the Surf Club (Credit: Realtor and Redfin)

Ex-Goldman Sachs partner picks up Surf Club condos at a discount

Ex-Goldman Sachs partner picks up Surf Club condos at a discount
Arte by Antonio Citterio, Alex Sapir and Gerard Guez

Alex Sapir’s business partner buys condo unit at Sapir’s luxury Arte

Alex Sapir’s business partner buys condo unit at Sapir’s luxury Arte
arrow_forward_ios

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

Loading...